Shiba Inu rallied to yet another ATH as the crypto space showed revival signals in the past 24 hours. However, alternative coins such as Uniswap and Bitcoin Cash extend their downward actions on respective price charts.
Shiba Inu (SHIB) recorded a new all-time high of $0.0000887 and saw a remarkable surge of more than 140% in the past fourteen days. The meme crypto saw a bullish move since October 23 after the coin achieved listing on several exchanges. While publishing this content, Robinhood- SHIB petition has more than 380,000 signatures.
CypherMindHQ.com Artificial Intelligence Crypto Trading System - Surpass the competition with this cutting-edge AI system! Utilize the prowess of innovative algorithms and amplify your crypto trading strategies with CypherMindHQ. Learn more today!
The current bullish case in Shiba Inu depicts market sentiments. Keep in mind that SHIB joined the DeFi network and introduced the Shiboshi NFT collection. The canine-themed crypto traded around the $0.00006938 level and gained more than 20% over the past day. SHIB Army secured support near $0.00005694.
The Reversal Strength Index was at the 65-level after declining from the overbought region and displayed reversal gestures. DM showed s massive buying momentum but depicted a bearish divergence (short-term). Moreover, the ADX line stood near the 52-level, suggesting a directional strength. Also, the Squeeze Momentum Indicator flashed a green bar and displayed bullish momentum easing probability.
Bitcoin Cash bulls appeared exhausted as the alt sees retracement since BCH touched a 6-week peak on October 21. Bears tightened their grip as bulls defended the support near $548. The alternative cryptocurrency hovered at $566.9 after a 7% drop on the daily price chart.
The RSI neared the oversold region, confirming selling strength superiority. However, the indicators appeared to head northward. Meanwhile, the Awesome Oscillator and MACD remained under the zero (0) line suggesting sellers’ preference. However, the AO displayed green sign bars as the MACD Histogram neared the half-line, possibly confirming a surging momentum in the short term.
Uniswap oscillated in the support at $23.41 and resistance near $28.45 over last week. Bears obeyed the resistance level to ensure consolidation after the alt hit its 51-day peak on October 27. UNI suffered a retracement, registering an 8% weekly drop to trade $24.89at this publication.
The Relative Strength Index neared the 40-level, showing sellers’ preference. However, it appeared to head northward. Moreover, the MACD remained under the Signal line and displayed selling strength liking. However, the ADX showed frail directional trends.
CypherMindHQ.com Artificial Intelligence Crypto Trading System - Outpace the competition with this high-end AI system! Leverage the capabilities of progressive algorithms and enhance your crypto trading performance with CypherMindHQ. Learn more today!