Binance Square
LIVE
LIVE
Vladislav Hryniv
--4.2k views
Переклад
💥 U.Today: $SHIB Analysis Currently, SHIB is trading around $0.00002824, but if the double bottom pattern plays out as many hope, we could witness a climb toward the $0.00003 mark. The pattern is typically confirmed when the price rises above the resistance level that marks the top of the "W." For SHIB, this resistance is presently seen at $0.000029, just above the recent highs. A successful break above this level could indeed be the rally's lifesaver, pulling SHIB out of its recent price dips and setting it up for a significant recovery. However, for this bullish scenario to hold true, SHIB must not only break past this resistance but also maintain the momentum to confirm the reversal is genuine. If SHIB can sustain the price above the double bottom's peak, the next target would be the resistance level at $0.00003. Surpassing this resistance could attract more buyers and potentially fuel a more robust rally. On the downside, if SHIB fails to uphold the momentum and falls beneath the double bottom's support level at $0.00001989, the likelihood of a strong reversal diminishes. Such a move could signal that the market is not ready for a rally yet, and SHIB could see further consolidation or even a dip before any potential uptrend materializes. For now, Shiba Inu is in a consolidation state, and it is too early to tell whether or not Shiba Inu is going to have a bullish future. If we are lucky enough, the aforementioned pattern plays out and we see a reversal. #SHIB🔥🔥

💥 U.Today: $SHIB Analysis

Currently, SHIB is trading around $0.00002824, but if the double bottom pattern plays out as many hope, we could witness a climb toward the $0.00003 mark. The pattern is typically confirmed when the price rises above the resistance level that marks the top of the "W." For SHIB, this resistance is presently seen at $0.000029, just above the recent highs.

A successful break above this level could indeed be the rally's lifesaver, pulling SHIB out of its recent price dips and setting it up for a significant recovery. However, for this bullish scenario to hold true, SHIB must not only break past this resistance but also maintain the momentum to confirm the reversal is genuine.

If SHIB can sustain the price above the double bottom's peak, the next target would be the resistance level at $0.00003. Surpassing this resistance could attract more buyers and potentially fuel a more robust rally.

On the downside, if SHIB fails to uphold the momentum and falls beneath the double bottom's support level at $0.00001989, the likelihood of a strong reversal diminishes. Such a move could signal that the market is not ready for a rally yet, and SHIB could see further consolidation or even a dip before any potential uptrend materializes.

For now, Shiba Inu is in a consolidation state, and it is too early to tell whether or not Shiba Inu is going to have a bullish future. If we are lucky enough, the aforementioned pattern plays out and we see a reversal.

#SHIB🔥🔥

Відмова від відповідальності: контент містить думки третіх сторін і не є фінансовою порадою. Перегляньте Правила та умови.
0
Релевантний автор

Перегляньте більше від автора

--
According to AMBCrypto: BONK Eyes More Losses As of this writing, BONK traded at $0.000014. An assessment of the altcoin’s price movements on a daily chart confirmed the possibility of a further decline.  Firstly, its Chaikin Money Flow (CMF) trended downward and was spotted below the zero line. This indicator measures money flow into and out of the BONK market.  When it returns a negative value, it is interpreted as a sign of market weakness, as market participants remove liquidity from the market.  BONK’s CMF was -0.05. Further, the downward slope of its Accumulation/Distribution Line (ADL) showed that BONK had witnessed a significant decline in demand in the past few weeks.  This indicator also gauges the flow of money into or out of an asset over a specified period of time. When it declines this way, it shows that less money is flowing into the asset and that selling pressure is gaining momentum.  Confirming the decline in BONK’s buying pressure, its key momentum indicators were spotted near oversold zones at press time. For example, the meme coin’s Relative Strength Index (RSI) was 33.25, while its Money Flow Index (MFI) was 34.13. At these values, these indicators showed that market participants favored BONK distribution over accumulation. Additionally, the token’s positive directional index (green) rested below its negative index (red), signaling a significant bearish sentiment. When readings from an asset’s Directional Movement Index (DMI) reveal this, it is a sign that asset holders are selling more than they are buying.  BONK’s Elder-Ray Index confirmed the market’s bearish sentiment. This indicator measures the relationship between the strength of buyers and sellers in the market.  When it returns a negative value, selling activity increases as bear power becomes more significant.
--
🔥 According to NewsBTC: SOL Price Rebounds With 7% Surge After unveiling updates to enhance network efficiency, the Solana price has surged by over 7%. This surge has helped offset the ongoing downtrend experienced by Solana, which amounted to nearly 21% over the past month.  In addition, the Hong Kong SFC has officially approved several spot Bitcoin and Ethereum ETFs, including asset managers such as China Asset Management, Bosera Capital, HashKey Capital Limited, and an in-principle approval for Harvest Global Investments.  This regulatory approval has not only positively impacted the prices of Bitcoin and Ethereum but has also instilled a sense of positivity in the overall cryptocurrency market. As a result, the top 10 cryptocurrencies have witnessed significant uptrends, riding on the wave of these developments. Despite the recent surge in Solana’s price, SOL’s trading volume has decreased by -44.70% in the last 24 hours, indicating a recent decline in market activity, according to CoinGecko data.  Solana’s current trading price of $151.40 presents the first obstacle in the cryptocurrency’s path toward further price gains. If this hurdle is surpassed, the next significant resistance lies at $170, which would signify a recovery of SOL’s gains recorded over the past month.  On the other hand, the $130 mark has proven to be a strong support level for Solana, representing the foundation of SOL’s one-month bullish structure, which propelled its price rally to nearly three-year highs of $210 on March 18.
--

Популярні статті

Більше
Карта сторінки
Cookie Preferences
Правила та умови користування платформою