Größte Umzugshelfer: SHIB Remains Near Recent Highs as Crypto Markets Fall on Monday

Shiba inu has been relatively stable to start the week, as prices remained close to recent highs, despite Monday’s market sell-off. Cryptocurrencies were mostly lower in today’s session, as markets continued to react to historically low U.S. unemployment figures. Avalanche was down in today’s session, nearing a one-week low.

Shiba Inu (SHIB)

Monday saw shiba inu (SHIB) continue to trade relatively close to recent highs, despite crypto markets mostly declining.

SHIB/USD hit a high of $0.0000148 heute früher, which comes following a bottom at the $0.0000141 mark on Sunday.

The meme coin had risen to a four-month peak of $0.0000159 on Saturday, however has since declined as traders moved to secure profits.

Blick auf das Diagramm, the declines commenced as the relative strength index (RSI) failed to break out of a ceiling at the 80.00 eben.

Stand des Schreibens, the index is now tracking at 77.02, which comes as bulls rejected a breakout of a floor at 75.00.

SHIB bulls will likely attempt to recapture last week’s high in the coming days, however will need to move past the 80.00 mark first.

Lawine (AVAX)

Lawine (AVAX), on the other hand, was mostly in the red to start the week, as prices moved close to a seven-day low.

Nach einem Hoch von $20.43 on Sunday, AVAX/USD dropped to an intraday low of $19.74 früher am Tag.

The move sees AVAX fall for a third consecutive session, and comes following a failed breakout of its $22.00 resistance last Friday.

This mini-bear run comes following a surge to a six-month high on Thursday, however as momentum has shifted, bearish sentiment has risen.

A big part of this is due to the 14-day RSI, which is tracking at 59.86, its weakest point since January 10.

Should momentum now continue in a downward direction, price strength could land at a floor of 55.00, with AVAX likely under $19.00.

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Elijah Dambell

Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Zur Zeit, he acts as a commentator across various asset classes, including Crypto, Aktien und Devisen, whilst also a startup founder.

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