11/30/2022 0 Comments Shib coin watch![]() ![]() This means that price can fall much more on lower volume than initially expected, mostly due to a lack of buyers. In comparison, the original dog coin and SHIB rival. The cryptocurrency seems to attract attention only during an uptrend, with little volume on the downtrend. Elsewhere the markets-leading digital asset Bitcoin (BTC) is in second place with 145 million views. ![]() Until this reverses, it is unlikely for SHIB to stop the downtrend. MACD: The daily MACD is bearish, with momentum building up as the price is falling and the histogram is making lower lows. This is bad news for buyers, and likely the key support will be put under stress again soon. RSI: The daily RSI did a lower low, even as the price managed to narrowly avoid it. This shows a lack of interest in SHIB, particularly during bearish price action. Trading Volume: Despite an increase in volume during the crash yesterday, the overall volume for SHIB remains low if we compare it to the rally period from late 2021. Chart by TradingView Technical Indicators The price represents a dismal 1.4 increase in the past day. Shiba Inu SHIB/USD is locked in a consolidation, currently exchanging for 0.00001122. The token is at a level of indecision and could trade either way. A delay in important network updates is holding back SHIB. For this reason, if SHIB holds at the current support of $0.000029, then maybe it has a chance to consolidate around the current level. Shiba Inu is consolidating amid bearish pressure. In the chart, this area sho ws a possible return for SHIBA. Shiba is more interesting for the long term as it can show in long term better price action and recovery to before targets. It has a circulating supply of 0 SHIBAW coins and a total supply of 1 Quadrillion. There is one good thing about this latest crash in price: SHIB managed to avoid a lower low in price (compared to December 20th). Shiba has in the long term a high chance to break to new HIGH targets. ![]()
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