Shiba Inu (SHIB) Holds Near Highs, Avalanche (AVAX) Slips Lower

• Shiba Inu (SHIB) has remained close to recent highs despite Monday’s market sell-off.
• Avalanche (AVAX) has been in the red, nearing a one-week low.
• U.S. unemployment figures have continued to affect crypto markets.

Shiba Inu (SHIB) Price Stability

Shiba Inu (SHIB) has remained relatively stable this week, with prices remaining close to recent highs despite Monday’s market sell-off. SHIB/USD hit a high of $0.0000148 earlier on Monday and had risen to a four-month peak of $0.0000159 on Saturday before declining as traders moved to secure profits. The relative strength index (RSI) failed to break out of the 80 level, and as of writing is now tracking at 77.02, showing bulls rejecting a breakout from 75 support level.

Avalanche (AVAX) Declines

Avalanche (AVAX) was mostly down in today’s session, hitting an intraday low of $19.74 after reaching a high of $20.43 on Sunday – a decline for its 3rd consecutive session since failing to break out above its resistance at the $22 mark last Friday. This mini bear run comes following its surge to 6 month highs last Thursday and is partly due to its 14 day RSI which is currently tracking at 59.86 – its weakest point since January 10th, potentially signaling further declines if momentum continues in this direction – with price strength likely landing around the 55 mark and AVAX dropping below 19 dollars if so..

US Unemployment Figures Impacting Crypto Markets

Cryptocurrencies were mostly lower in today’s session as markets continued to react negatively toward historically low US unemployment figures released earlier this month; an indicator that could suggest slower economic growth than initially anticipated throughout 2021 – causing investors concerns as they move away from riskier assets such as cryptocurrencies towards more traditional safe haven investments such as gold or treasuries..

Biggest Movers: SHIB Remains Near Recent Highs

Shiba Inu has been one of the biggest movers amongst cryptocurrencies this week and remains near recent highs despite the overall downward trend across crypto markets on Monday due to US unemployment figures continuing their negative effect on sentiment among investors..

Conclusion

As US unemployment figures continue their impact on crypto markets, shiba inu remains relatively stable and near recent highs while avalanche continues declining towards potential levels near 55 support mark should momentum stay bearish – making them two coins worth watching closely during this period of volatility across cryptocurrency markets generally..

Shiba Inu (SHIB) Holds Near Highs, Avalanche (AVAX) Slips Lower
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