Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice (For brevity, SHIB prices are multiplied by 1,000 from here on). As the EMA ribbons overstretched while looking south, sellers pulled Shiba Inu [SHIB] towards the $0.00738-zone following the previous bear run. This multi-yearly support […]
The findings of the following analysis are the sole opinions of the writer and should not be considered investment adviceAs the EMA ribbons overstretched while looking south, sellers pulled Shiba Inu [SHIB] towards the $0.00738-zone following the previous bear run. This multi-yearly support aided the buying efforts to propel a much-needed bullish flip on the ribbons.
The bullish flip on the EMA ribbons could help the alt find a break above the $0.012-level in the coming sessions. At press time, SHIB was trading at $0.01206.The altcoin’s recent growth witnessed a classic back and forth between the buyers and sellers in the Point of Control region. This high liquidity mark ensured flatter peaks for over seven weeks now.
The buyers would be keen to break above the constraints of the $0.012-zone. Looking at the altcoin’s overextended squeeze over the past month, SHIB could enter a high volatility phase in the coming days. A breach above the immediate ceiling level can help the alt test the $0.01382-zone.RationaleAfter struggling to snap the 59-mark several times, the RSI flashed a slight bullish edge.
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.
Dear SHIB investors, watch out for the crypto hitching on to this bandwagonShiba Inu was expected to be a massive hit among crypto-enthusiasts this year. Especially as the meme coin network promised a whole lot of developments to its investors. However, the volatility of the market led investors to worry about their primary purpose of investing in a coin like SHIB – profits. Shiba Inu and its […]
Read more »
Shiba Inu, its burn rate, and Binance factor to take note ofShiba Inu [SHIB] was the top beneficiary of massive whale action a few days ago as Ethereum [ETH] pumped millions of dollars into the SHIB ecosystem. This series of like-minded decisions proved that the attention toward SHIB did not decline. Similarly, SHIB burned as many tokens as possible between the end of July and 1 […]
Read more »
Dear SHIB investors, watch out for the crypto hitching on to this bandwagonShiba Inu was expected to be a massive hit among crypto-enthusiasts this year. Especially as the meme coin network promised a whole lot of developments to its investors. However, the volatility of the market led investors to worry about their primary purpose of investing in a coin like SHIB – profits. Shiba Inu and its […]
Read more »
Planning a home improvement project?It’s often been said that the kitchen is the heart of the home, so it’s no surprise that it offers the biggest bang for your buck when it comes to home…
Read more »
Tory leadership hopefuls say it's time for unity, here's what some say that meansIn a contest largely seen as a battle for the Conservative Party of Canada's soul, which has put decades-old fissures on display between groups that make up its very coalition, what might it take to achieve unity after results are revealed Sept. 10?
Read more »
![Dogecoin [DOGE] buyers could rely on this breakout possibility](https://i.headtopics.com/images/2022/8/6/cryptoamb/dogecoin-doge-buyers-could-rely-on-this-breakout-possibility-1555728627802804226.webp?w=640)
Dogecoin [DOGE] buyers could rely on this breakout possibilityOver the course of the last seven weeks, Dogecoin [DOGE] has clawed itself toward its nine-month trendline resistance (white, dashed) in the daily chart. This gradual revival aided the meme-coin in expediting the growth on its 20 EMA as it strived to provoke a bullish flip on the EMA ribbons. However, DOGE struggled to find […]
Read more »