Biggest Movers: SHIB Hits 4-Month Low, As Red Wave Hits Crypto. Shiba Inu (SHIB)
Shiba inu (SHIB) fell to its lowest level in months at the start of this week, as the market slipped on rising tensions in the Middle East.
SHIB/USD fell to an intraday low of $0.000006894 on Monday, less than 24 hours after the price peaked at $0.000007221.
Today's decline saw the meme coin fall to its weakest point since June 16, which was the last time the cryptocurrency slipped below the $0.00000690 level.
The relative strength index (RSI) also fell below its own support point of 37.00.
Currently, price strength is tracked at 34.90, and seems to be moving towards the 30.00 region.
If the price falls below this point, SHIB will enter the oversold zone, which could then encourage buyers to potentially buy the dip.
#shiba #cryptonews
Shiba inu (SHIB) fell to its lowest level in months at the start of this week, as the market slipped on rising tensions in the Middle East.
SHIB/USD fell to an intraday low of $0.000006894 on Monday, less than 24 hours after the price peaked at $0.000007221.
Today's decline saw the meme coin fall to its weakest point since June 16, which was the last time the cryptocurrency slipped below the $0.00000690 level.
The relative strength index (RSI) also fell below its own support point of 37.00.
Currently, price strength is tracked at 34.90, and seems to be moving towards the 30.00 region.
If the price falls below this point, SHIB will enter the oversold zone, which could then encourage buyers to potentially buy the dip.
#shiba #cryptonews
