SHIBA Bulls In A Tough Spot With Bears
Shiba Inu has a market cap of $12.8 Billion and is ranked 11th in the CMC. The volume of the asset price has observed a surge in the overall volume with a VM ratio of 0.05. It is suggesting a weak consolidated pattern in the price. SHIBA is currently trading near the value of $0.00002184 with a loss of over 10% in the intraday session.
SHIBA is currently forming a strong bearish candle on the daily chart. It is trading below the 50 and 100 EMA and can see a negative crossover in the future. The upside trend of the SHIBA can see a halt near the value of $0.000035. Meanwhile, the support of the asset price can be observed near $0.0000185.
The RSI of SHIBA is currently near 37 with a negative slope in it. The overall sentiment of the RSI is bearish in nature.
SHIBA is currently forming a strong bearish candle on the daily chart. It is trading below the 50 and 100 EMA and can see a negative crossover in the future. The upside trend of the SHIBA can see a halt near the value of $0.000035. Meanwhile, the support of the asset price can be observed near $0.0000185.
The RSI of SHIBA is currently near 37 with a negative slope in it. The overall sentiment of the RSI is bearish in nature.
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