Mr.Arshman
06/20 01:10
Shiba Inu (SHIB) has been on a downtrend ever since its short-term exponential moving averages (EMAs) made a bearish crossover.
The 9-day EMA moved below the 21-day EMA in late May, triggering a sell signal known as a ‘death cross’ that typically anticipates big losses.
The Relative Strength Index (RSI) is on a downtrend as well and is nearing oversold territory already, meaning that the trend is strong.
At this point, the price action seems to be determined to tag that $0.00001050 support in the next few days. A first bounce could push SHIB to retest its short-term EMAs first.
A bullish breakout above that target would confirm this bullish Shiba Inu price prediction. Next up, the 200-day EMA would be the first target to watch.
Even though meme coins have been experiencing a wave of negative momentum lately, the best crypto presales like Solaxy (SOLX) could still deliver significant gains after they are launched and listed on exchanges
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