Shiba Inu has shown resilience in the first week of the week as prices stayed at recent highs despite market sell-off. Monday saw a dip in the crypto markets following the US unemployment figures. Avalanche was particularly affected, with prices dropping close to a one-week low.
Shiba Inu (SHIB)
Despite the market slipping, shiba Inu (SHIB) has stayed at comparatively recent highs, trading at the $0.0000148 mark, surpassing the $0.0000141 level from Sunday.
The meme-coin experienced a four-month high of $0.0000159 on February 4, but has since fallen and is now being traded as merchants try to lock in their profits.
The chart shows that the declines began when the RSI failed to break through a ceiling at the 80.00 level. At the time of writing, the index stands at 77.02; bulls have rejected a downside stop of 75.00.
SHIB traders may try to recover last week’s gains in the upcoming days, but they must first clear the 80.00 barrier.
Avalanche (AVAX)
Alternatively, Avalanche (AVAX) has been in the red for the first week of the week due to prices dropping close to a seven day low.
The crypto experienced a high of $20.43 on Sunday, but the intraday low for AVAX/USD was $19.74 earlier today.
The asset has been on a mini bearish run since failing to break the $22.00 resistance last Friday.
