🐕 Is the SHIB Army preparing for a new launch? 🔥
Hello friends! Let's take a quick look at what's happening in the Shiba Inu chart right now. Are we facing a warrior's break or just the calm before the storm? 🌪️
📊 Current technical reading:
From the 4-hour chart, we observe the following:
Current price: around 0.0_{5}744.
Moving averages (MA): the price is currently below the moving averages (7, 30, 200), indicating temporary selling pressure, but we see good attempts at consolidation above psychological support areas. 🛡️
RSI Indicator: it is at levels of 43, which means we are not in the "overbought" territory, giving a good space for the price to rise if new liquidity enters.
MACD: we notice the convergence of the lines and the beginning of small green bars, which may suggest the start of a slight positive reversal. 📈
💡 Important numbers for you:
Market cap: very large and exceeds $4.3 billion, keeping it at #24 among the big players. 🏆
Trading volume: reached $76 million in the last 24 hours, activity is still ongoing!
🎭 Summary "in memes":
While everyone waits for the next "zero" to disappear, the whales 🐳 are watching silently. Always remember: HODL is not just a word, but a lifestyle for Shiba fans! 😎🚀
Note: This post is for sharing data and analysis and is not investment advice. Always do your own research (DYOR)
