Tethereum

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.<h2 id="header-0">Shiba Inu (SHIB)</h2>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 earlier today, 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.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/4308d3c8b1b442e691c7eee2ad2ae42b.png" />SHIB/USD – Daily ChartLooking at the chart, the declines commenced as the relative strength index (RSI) failed to break out of a ceiling at the 80.00 level.As of writing, 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.<h2 id="header-1">Avalanche (AVAX)</h2>Avalanche (AVAX), on the other hand, was mostly in the red to start the week, as prices moved close to a seven-day low.Following a high of $20.43 on Sunday, AVAX/USD dropped to an intraday low of $19.74 earlier in the day.The move sees AVAX fall for a third consecutive session, and comes following a failed breakout of its $22.00 resistance last Friday.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/cdf86e31394744e29ba5a1a6a0910389.png" />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.TAGS IN THIS STORY<a href="https://news.bitcoin.com/tag/analysis/" rel="noopener noreferrer nofollow">Analysis</a>, <a href="https://news.bitcoin.com/tag/avalanche/" rel="noopener noreferrer nofollow">Avalanche</a>, <a href="https://news.bitcoin.com/tag/avax/" rel="noopener noreferrer nofollow">AVAX</a>, <a href="https://news.bitcoin.com/tag/shib/" rel="noopener noreferrer nofollow">shib</a>, <a href="https://news.bitcoin.com/tag/shiba-inu/" rel="noopener noreferrer nofollow">shiba inu</a>, <a href="https://coinmarketcap.com/currencies/tethereum/" rel="noopener noreferrer nofollow">Tethereum</a>, <a href="https://coinmarketcap.com/currencies/tethereum/" rel="noopener noreferrer nofollow">T99</a>, <a href="https://www.tethereum.exchange/" rel="noopener noreferrer nofollow">Tethereum Exchange</a>Do you expect avalanche bulls to prevent a move below $19.00 this week? Let us know your thoughts in the comments.

Biggest Movers: SHIB Remains Near Recent Highs as Crypto Markets Fall on Monday

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TETHEREUM

Інші статті, опубліковані 6 лют. 2023 р.

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