Biggest Movers: DOGE, SHIB Slide Following Better-Than-Expected Payrolls Report
Meme coins were trading lower on Friday, as markets reacted to the latest U.S. nonfarm payrolls report. The data showed that 263,000 jobs were added to the United States economy in September, versus the 250,000 expected. Both dogecoin and shiba inu fell for a third consecutive session. Dogecoin (DOGE) Dogecoin (DOGE) fell for a third consecutive session on Friday, as markets reacted to the latest nonfarm payrolls (NFP) report. DOGE/USD slipped to an intraday low of $0.06201 in today’s session less than 24 hours after hitting a peak of $0.06511. Today’s decline saw the token continue to fall below its resistance point of $0.0640, moving closer to a floor of $0.0590. DOGE/USD – Daily Chart Looking at the chart, today’s drop in price comes as the 14-day relative strength index (RSI) fell below a floor of its own. As of writing, the index is tracking at 50.63, which is marginally below its recent support point of 52.00. The 10-day (red) moving average (MA...