You're looking at the $SHIB /USDT trading data, and here's a quick summary of the key indicators and what they imply:
Current Market Overview (as of 2025-05-04):
Price: $0.00001264
24h Change: -2.77%
24h High / Low: $0.00001330 / $0.00001255
RSI(6): 34.34 → This indicates weak momentum, nearing oversold territory (RSI below 30 is considered oversold).
SAR (0.02, 0.2): 0.00001278 → SAR is above the current price, which suggests a bearish trend.
Volume (24h):
$SHIB : 907.87B
USDT: $11.67M
Recent Trend:
7 Days: -7.13%
30 Days: +3.18%
90 Days: -20.55%
1 Year: -50.14%
Technical Indicators Summary:
Trend: Bearish short-term trend.
Volatility: Moderate — based on BOLL and recent price swings.
MACD / MA / EMA: Not provided in detail, but MACD would help confirm reversals if available.
Conclusion:$SHIB
The price is declining with low RSI and a SAR suggesting further downside. It might be close to a support zone near 0.00001255. If you’re looking to buy, it might be wise to wait for a clearer bullish signal or a stronger support confirmation. For sellers, this could still be part of a descending trend to ride, depending on your strategy.
