Live Crypto Markets

HomeCoinsShiba InuShiba Inu price analysis (Neutral) — 0.00 USDT (-0.46% 24h)

Shiba Inu price analysis (Neutral) — 0.00 USDT (-0.46% 24h)

-

Market Insight — SHIBUSDT
Sentiment: Neutral

SHIB/USDT is showing mixed signals as it trades at $0.00000863, down 0.46% over the past 24 hours. The token remains above its 20-day SMA of $0.00000855 but below the 50-day SMA of $0.00000870, indicating potential resistance ahead. With an RSI of 64.79, SHIB is approaching overbought territory but hasn’t crossed the critical 70 threshold yet. The substantial 24-hour volume of $14.1 million suggests continued trader interest, while moderate volatility of 3.76% indicates relative stability for a meme coin. Traders should watch for a decisive break above the 50-day SMA, which could signal renewed bullish momentum. However, the current technical setup suggests caution – consider taking partial profits near current levels and setting stop-losses below the 20-day SMA. The meme coin sector remains highly sentiment-driven, so monitor broader market conditions and Bitcoin’s direction for additional cues.

Key Metrics

Price 0.0000 USDT
24h Change -0.46%
24h Volume 14113924.42
RSI(14) 64.79
SMA20 / SMA50 0.00 / 0.00
Daily Volatility 3.76%

Shiba Inu — 1h candles, 7D window (SMA20/SMA50, RSI).

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Zcash Defies Market Trends with 31% Surge as Institutional Investor Expands Holdings

In a notable divergence from broader cryptocurrency market movements, Zcash (ZEC) has demonstrated remarkable resilience with a 31% weekly appreciation while Bitcoin faced downward pressure....

Malaysian Authorities Uncover $1 Billion Cryptocurrency Mining Power Theft Operation

Malaysian parliamentary records have revealed a staggering case of electricity theft linked to cryptocurrency mining operations, with estimated losses reaching approximately $1 billion over a...

Bitcoin Confronts Death Cross Formation as Ethereum Nears Similar Bearish Signal

Bitcoin is currently exhibiting a significant technical pattern known as a 'death cross,' where the 50-day moving average crosses below the 200-day moving average—a development...

Jack Abramoff Receives Probation in AML Bitcoin Fraud Case, Ordered to Repay $2.2 Million

Disgraced former lobbyist Jack Abramoff has avoided prison time for his involvement in a fraudulent cryptocurrency scheme, receiving probation after a federal court considered his...

Most Popular

spot_img