Shiba inu was in the red to start the week, with prices falling to a 20-day low on Monday. The meme coin has now moved lower for four straight sessions, with the latest decline seeing price move below a key support point. Dogecoin was also down, hitting a two-week low earlier today.
Shiba Inu (SHIB)
Shiba inu (SHIB) was down on Monday, as the meme coin moved to its lowest point in the past 20 days.
Following a high of $0.000009282, SHIB/USD was down by nearly 5% today, hitting a low of $0.000008794 in the process.
This bottom is the lowest point that SHIB has traded at since November 22, when the token was at a low of $0.00000817.
As can be seen from the chart, the move comes as shiba inu broke out of a floor at the $0.00000885 mark.
The 14-day relative strength index (RSI) also fell, dropping below a floor at the 43.70 level in the process.
Should this bearish momentum continue, we could see SHIB sellers attempt to recapture the low last seen on November 22.
Dogecoin (DOGE)
Dogecoin (
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