Shiba inu fell lower for a fifth straight session on Thursday, resulting in the meme coin dropping to a 13-day low. Since hitting a four-month high last Saturday, SHIB has struggled to find a firm floor. On the other hand, Solana ended a recent losing streak.
Shiba Inu (SHIB)
Shiba inu (SHIB) was a notable gainer on Thursday, as the meme coin moved lower for a fifth consecutive day.
SHIB/USD dropped to a bottom at $0.000008543 earlier in today’s session, following a peak of $0.000009854 the day prior.
This decline pushed SHIB to its lowest point since August 4, when price traded at a low of $0.00000827.
The latest drop comes as the 14-day relative strength index (RSI) fell below a support point of 50.00.
At the time of writing, the index is tracking at 44.31, with a floor of 39.00 the next possible target.
In the event it reaches this target, SHIB will likely be trading below $0.000008000.
Solana (SOL)
On the other hand, solana (SOL) returned to the green during today’s session, snapping a two-day losing streak in the process.
Following a low of $22.49 on Wednesday, SOL/USD climbed to an intraday high of $23.58 earlier in the day.
The move comes as bullish pressure resurfaced, following a marginal breakout below a support point at $22.50.
This rebound comes following a recent upward crossover between the 10-day (red) and 25-day (blue) moving average.
Despite this, there is still a high level of market uncertainty, as price strength hovers close to a key floor at 44.00.
Should it break out of this point, SOL could move below $22.00.
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Do you expect solana bulls to prevent further sell-offs this week? Let us know your thoughts in the comments.
