đ Shiba Inu ($SHIB ) Price Analysis: Bearish Signals Ahead
đ Sharp Decline in Average Transaction Size:
- Average transaction size dropped by 50% in the last two weeks.
- Possible shift in investor sentiment towards SHIB.
- Indicates a slowdown from recent buying surge, hinting at wider market reassessment.
đ RSI Still Overbought:
- RSI remains high at 81, signaling potential bearish momentum.
- RSI exceeding 70 suggests excessive buying activity.
- Investors interpret as a bearish indicator, expecting a price decline.
đ EMA Lines Indicate Potential Bearish Momentum:
- Short-term EMA nearing crossover below long-term EMA.
- Lack of strong momentum, indicating market uncertainty.
- EMA lines react quicker to market changes, spotting trend directions and reversals.
đ Price Prediction: $0.000023 Support Critical:
- Current price at $0.000026, just above $0.000023 support.
- Potential to challenge $0.000034 resistance or drop to $0.000020.
- Market trends and sentiment crucial for future scenarios. #SHIBAInsights #MK_Crypto #Analsis