Unfortunately, we are not going to see beginning of bull trend just yet
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
The RSI is in the bearish zone below the level of 50, suggesting that SHIB lacks buying strength and may thus continue to drift lower until a major positive trigger arises.needs to regain and retain its 50-day EMA for it to come back to a stable state, and in an ideal scenario, it would do this on an expanding trading volume. The next resistance levels to watch would be the 100-day EMA around the $0.000027 and 200-day EMA around the $0.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cardano: 3.21 Billion ADA Block Major Cardano Price MoveThis barrier might be test of confidence for Cardano bulls
Read more »
Cardano founder proposes Bitcoin Cash integration in X pollCardano founder Charles Hoskinson teased a hypothetical integration between Bitcoin Cash and Cardano on X.
Read more »
Cardano (ADA) Whale Activity Explodes to Level Not Seen Since Nov 2023Crypto Blog
Read more »
Cardano: 2.5 Billion ADA Face Critical Test at Key LevelADA has witnessed selling pressure since start of week
Read more »
Here's Why Shiba Inu (SHIB), XRP and Cardano (ADA) Just Recorded Major Price JumpsJerome Powell's statements briefly injected optimism into the market
Read more »
Catastrophic Bitcoin (BTC) Plunge, XRP Surprisingly Calm, Cardano (ADA) Loses Lifeline Support LevelMarket slowly losing steam, and it may lead to bearish market reversal
Read more »