More than 2 currencies of currency entered trading platforms throughout May, coinciding with the development of a model of a scientific painting beating the flag, threatening the forecasts of the increase in the price of the Inu-Shib Shiba and indicates the need to be cautious in the coming period.
While most alternative currencies have continued to increase since the market has reached its lowest levels in the middle of April, Shaiba Eno remained on the touch of conversation on “the best digital currency for purchase”, because its price has decreased by more than 20% in May.
Santiment data show that Shiba ENO’s offer on trading platforms increased from 129 dollars billions to 141 billions of dollars in the last month, and it seems to be in a continuous increase.
With the decrease in the number of traders who adopt the currency conservation strategy for long periods, the price of the salter can be exposed to higher fluctuations with more people transforming in short -term exchange which depends on speculation.
Analysis of Shayba ENO prices: What do these merchants know?
This transformation of this strategy comes in the middle of the emergence of a descending scientific model which has been formed since the market has decreased in the middle of April, and it is a possible stop before the pursuit of the momentum.
This month-a long drop has re-test the lower support of the model, a major level that could help the price to get out of this style.
If this style is already broken, the price of the Chipa ENO risks decreasing by 60% compared to the level of fibonacci correction from 1.618 to 0.0000058 $, which can erase all the gains obtained by the currency in 2024.
Now, the momentum indicators seem balanced, while the RSI index (RSI) moves to the side below the neutral sign of 46, pointing towards the control of the sellers, but not decisively.
In addition, the MacD index rises above the signal line after a modern gold intersection. This intersection, in part, supports the formation of a long -term upward trend despite short -term landing.
In all cases, those interested in monitoring the Fibonacci 0.618 correction level are $ 0.000013 – which is the level of support – in the short term. On the other hand, a solid rebound can lead to a high price of 35% of the Shayba ENO to the upper resistance of the flag model around $ 0.0022. If the price succeeds in penetrating, this will cancel the model.
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The expectations of post-Shibiba Ino prices: will the price be reduced after the transfer of 2 billions of currency to trading platforms? APPLERDIRST on Arab Cryptonews.
