✅💥🔥 URGENT $SHIB UPDATE 🔥🤑💥
🔔 Price of SHIB has decreased by -10.11% in the past 7d.
🔸 Price: SHIB, currently at $0.00, has shown a downtrend in the past 7d with a -13.39% decrease from 7d high of $0.00.
🔸 Trade Volumes: Decreased by -98.75% from the 7-day high to around $2,639,595.26. Observations: The significant drop in trading volume by -98.75% to approximately $2.64 million coincides with a -13.39% decrease in SHIB's price over the past week, suggesting a potential correlation between reduced investor interest or market activity and the downward price movement.
📈 Technicals:
🔸 MACD: The MACD shows no recent crossovers and a diverging, bearish trend, which typically suggests weakening upward momentum despite the current increasing price trend, potentially indicating an upcoming reversal or price correction.
🔸 RSI: The RSI, averaging at 52.59 and maintaining a neutral trend, suggests a market in equilibrium, yet this neutrality contrasts with a decreasing price trend, hinting at potential underlying bearish pressures or upcoming trend reversals.
🔸 OBV: The OBV shows an increasing trend despite a decreasing price trend, indicating a bullish OBV divergence that may suggest an upcoming reversal of the current bearish price movement as buying pressure persists.
🔸 Bollinger Bands: The Bollinger Bands for the asset are contracting, signaling decreased volatility, with more frequent breaches of the lower band (4) than the upper band (3), potentially indicating a bearish trend with possible oversold conditions.
