Meme coins were one of the biggest casualties of Wednesday’s price consolidation, falling by as much as 2% in today’s session. The decline comes as a result of profit taking, following strong gains to start the week. Shiba inu and dogecoin remain in the red, as of writing.
Shiba Inu (SHIB)
Shiba inu (SHIB) was a notable mover on Wednesday, as the meme coin fell for a second consecutive day.
Following a high of $0.000006945 during yesterday’s session, SHIB/USD slipped to an intraday low at $0.000006842 earlier today.
The move saw SHIB drop towards a key support level of $0.00000670, which was last hit on October 12.
This decline comes as the relative strength index (RSI) collided with a floor of its own, at the 39.00 zone.
At the time of writing, price strength is tracking marginally below this point at 38.49, and should it continue to fall, could be heading to a lower support level of 35.00.
Wednesday’s sell-off comes after shiba inu rose to one week high of $0.00000729 on Mond
We współpracy z: https://news.bitcoin.com/biggest-movers-shib-doge-fall-as-crypto-markets-consolidate/
