Shiba Inu (SHIB)
Shiba Inu (SHIB) experienced a fifth consecutive day of decline, reaching its lowest point since August 4.
- SHIB/USD dropped to $0.000008543, following a peak of $0.000009854 the previous day.
- The 14-day relative strength index (RSI) fell below 50.00, currently at 44.31.
- If the RSI reaches 39.00, SHIB could trade below $0.000008000.
Solana (SOL)
Solana (SOL) broke its two-day losing streak and saw a rebound during today’s session.
- SOL/USD climbed from a low of $22.49 to an intraday high of $23.58.
- There was an upward crossover between the 10-day and 25-day moving averages.
- Market uncertainty remains as price strength hovers near a key floor at 44.00.
- If SOL breaks below this point, it could move below $22.00.
Hot Take
Despite Shiba Inu’s continued decline, Solana managed to recover from its losses. The crypto market remains volatile, with both SHIB and SOL being influenced by various factors. It is important to closely monitor the price movements and market indicators to make informed decisions. Remember to do your research and consider the risks before investing in cryptocurrencies.
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