Mememen coins move down, with Shib going back by 10 % - market tactualizations

Meme Coins moved down on January 19 when the cryptocurrency markets collapsed according to the latest highs. Shiba Inu, who rose to a nine-week high on Wednesday, fell by almost 10 %today. The markets have largely been overbought in the past few days, and the bears seem to be reorganized. Dogecoin was also in the minus today.

Shiba Inu (Shib)

Shiba Inu (Shib), who was one of the biggest winners on Wednesday with an increase of up to 17 %, fell by over 10 % today

after a high of $ 0.00001295 in yesterday's session, Shib/USD today fell to an intraday low of $ 0.00001097.

The drop of Thursday came as a Meme Coin could not exceed a long -term level of resistance at $ 0.00001300.

id = "caption-attachment-569566" class = "Wp-Caption-Text"> Shib/USD-Tatshart

Despite the relatively large drop in the course, the 14-day relative strength index (RSI) is still overbought.

At the moment, the index moves at a level of 80.22, which is close to an upper limit with the brand of 82.00

Shib has recovered somewhat from earlier declines and is currently being traded at $ 0.00001114.

Dogecoins (Doge)

like Shiba Inu also went back Dogecoin (Doge) on Thursday, with prices fifth in a row.

Since then, the meme has risen to a monthly high on Saturday Coin has moved down in successive sessions.

In today's deep, the Doge/USD slipped to a low of $ 0.08013, which is almost 8 % below the highest level on Wednesday.

If you look at the diagram, the decline of Doge near an important support point saw $ 0.08000, with the bulls so far opposed to an outbreak.

The latest decline pressed the price strength down significantly and moved from a value of over 70.00 on Saturday to 52.35 at the time of writing.

The 50.00 mark on the RSI indicator seems to be a sustainable support point, but if it does not hold, the Doge bears will probably increase the downward pressure.

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will we experience a recovery of the meme coins towards the end of the week? Share your thoughts in the comments.

Eliman Damell

Eliman brings an eclectic point of view to the market analysis. Previously, he was a brokerage director and online trading instructor. He currently acts as a commentator for various investment classes, including crypto, stocks and foreign exchange, and is also the founder of a startup.

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