Ja16im
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Currently, the price of Shiba Inu (SHIB) is trading at around $0.00001616, with an intraday high of $0.00001734 and a low of $0.00001556.
Technically, indicators are showing mixed signals; the Relative Strength Index (RSI) is showing a reading of 39.96, indicating bearish momentum, but it is approaching oversold areas, which could signal a potential reversal soon. Additionally, the MACD is showing negative signals, indicating ongoing selling pressure. As for the moving averages, the price is trading below the 50-day SMA, which reinforces the current downtrend.
It is worth noting that there is significant activity by market whales, with around 151.61 billion Shiba Inu, worth around $2.4 million, withdrawn from an unknown wallet over the past five days. This activity could signal potential big moves in the market.
In general, traders are advised to keep an eye on the support levels at $0.000015 and the resistance at $0.00001750, as well as closely monitoring technical indicators, to identify appropriate entry and exit points.
$SHIB
#BNBChainMeme
#PPIShockwave
#CryptoLovePoems
#BinanceAlphaAlert
Technically, indicators are showing mixed signals; the Relative Strength Index (RSI) is showing a reading of 39.96, indicating bearish momentum, but it is approaching oversold areas, which could signal a potential reversal soon. Additionally, the MACD is showing negative signals, indicating ongoing selling pressure. As for the moving averages, the price is trading below the 50-day SMA, which reinforces the current downtrend.
It is worth noting that there is significant activity by market whales, with around 151.61 billion Shiba Inu, worth around $2.4 million, withdrawn from an unknown wallet over the past five days. This activity could signal potential big moves in the market.
In general, traders are advised to keep an eye on the support levels at $0.000015 and the resistance at $0.00001750, as well as closely monitoring technical indicators, to identify appropriate entry and exit points.
$SHIB
#BNBChainMeme
#PPIShockwave
#CryptoLovePoems
#BinanceAlphaAlert
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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