Shiba inu fell to a four-month low on Thursday, as consumer prices in the United States rose by more than expected. U.S. inflation came in at 8.2% in September, which is higher than the 8.1% consensus expectation. Solana was in the red as well, as the token also hit a multi-month low.
Шиба Ину (SHIB)
Shiba inu (SHIB) dropped to a four-month low on Thursday, as markets reacted to the latest U.S. inflation report.
Consumer prices climbed to 8.2% year-on-year in September, which is higher than expectations of 8.1%.
As a result of this, SHIB/USD fell to an intraday low of $0.000009385, which is nearly 8% lower than yesterday’s high of $0.00001025.
Today’s bottom is the lowest level that the meme coin has traded at since June 21, and the low comes as a key support point was broken.
SHIB moved below its floor of $0.00000980, as the 14-day relative strength index (RSI) also moved under a support level.
The index is currently tracking at 29.33, which sees price strength deep in oversold territory.
Солана (SOL)
Solana (SOL) bulls were also mostly slaughtered in today’s session, as the token fell to its lowest point since June.
Following a high of $31.28 on Thursday, SOL/USD slipped to an intraday low of $28.20 earlier in the day.
The move saw the solana fall below a floor of $30.40, hitting its weakest point since June 18 as a result.
As seen on the chart, this latest decline pushed the 10-day (red) moving average to cross over below its 25-day (blue) counterpart.
Typically, this is a sign of bearish sentiment, and could mean that solana may be heading for further drops.
As of writing, the RSI is tracking near a floor of 34.00, and should this point be broken, bears will likely add to the sell-off.
Апта сайын бааларды талдоо жаңыртууларын почтаңызга жөнөтүү үчүн электрондук почтаңызды бул жерден каттаңыз:
Do you expect solana to fall further this week? Let us know your thoughts in the comments.
Image насыялар: Shutterstock, Pixabay, Wiki Commons
баш тартуу: Бул макалада маалымат максатында гана болот. Сатып алуу же сатуу боюнча сунушту түздөн-түз сунуш кылуу же кандайдыр бир өнүмдөрдү, кызматтарды же компанияларды сунуш кылуу же жактыруу эмес. Bitcoin.com түзүп, салык, юридикалык же бухгалтердик пикирин бере албайт. Да, коом да, жазуучу менен шартталган себеп же болжолдонуп жаткан ар кандай жоготуу же бул макалада айтылган ар кандай мазмун, же кызмат боюнча же көз каранды пайдаланууга байланыштуу, түздөн-түз же кыйыр түрдө жооптуу болуп саналат.
Source: https://news.bitcoin.com/biggest-movers-shib-sol-fall-to-4-month-lows-u-s-inflation-higher-than-expected/