Biggest Movers: SHIB, DOGE Fall, as Crypto Markets Consolidate
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. Wednesday’s sell-off comes after
shiba inu rose to one week high of $0.00000729 on Monday.
Dogecoin (DOGE) also dropped lower on hump-day, as it moved closer to a key support level of its own. DOGE/USD hit a bottom of
$0.0588 during today’s session, less than 24 hours after peaking at the
$0.05961 point.
As referenced earlier, the move, which is also the second consecutive drop in price for DOGE, pushed it towards a
floor at $0.0570. Unlike with shiba inu’s RSI, which was still hovering close to support, price strength on dogecoin fell under its point of stability of 40.00.
