SHIB falls to 20-day low, DOGE nearly 10% lower.
Shiba inu was in the red to start the week, with prices falling to a 20-day low on Monday. The meme coin has now moved lower for four straight sessions, with the latest decline seeing price move below a key support point. Dogecoin was also down, hitting a two-week low earlier today.Shiba inu was down on Monday, as the meme coin moved to its lowest point in the past 20 days.
This bottom is the lowest point that SHIB has traded at since November 22, when the token was at a low of $0.00000817.As can be seen from the chart, the move comes as shiba inu broke out of a floor at the $0.00000885 mark. Should this bearish momentum continue, we could see SHIB sellers attempt to recapture the low last seen on November 22.Dogecoin also remained in the red to start the week, as it also declined for a fourth straight day.
As a result of this decline, which saw DOGE drop by nearly 10%, the token hit its lowest point since November 25.Looking at the chart, bearish momentum has recently intensified following a drop below a floor of 48.00 on the RSI.
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