Shiba Inu ( SHIB)
Another meme coin to fall lower on Monday was shiba inu (SHIB), which slipped following its own recent rally.
Following a high of $0.000007907 on Sunday, SHIB/USD dropped to a bottom at $0.000007684 in today’s session.
Like with dogecoin, shiba inu also captured a multi-week high last week, however, sentiment shifted after the RSI hit a hurdle.
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SHIB/USD – Daily Chart
Price strength failed to break out of a resistance level of 54.00, and as of writing is currently tracking at 50.43.
Despite this bearish signal, a potential upwards crossover of the 10-day (red) and 25-day (blue) moving averages is on the cusp of occurring.
Should this take place, it is likely that SHIB gains further in the upcoming week
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