From a technical perspective, the overall trend of KISHU/USD is still bullish as the token is trying hard to sustain above the 0.5 Fibonacci retracement level. The token chart indicates a tug-of-war between the bulls and bears at this crucial support, the crypto should wait for its results to get an trading opportunty.
Key technical points:
The KISHU chart shows a highly reliable descending trendline
The daily chart RSI shows a striking drop in its value
The intraday trading volume in the KISHU token is $22.6 Million, indicating an 18.3% fall.
Source- KISHU/USD chart by Tradingview
On October 26th, the KISHU token provided an excellent opportunity for the crypto traders when the price gave a breakout from a Cup and Handle pattern. This new rally made a high of $0.00000001 before it retraced back to the retest the $0.000000004 neckline of the bullish pattern.
The token price tried to bounce from this support on November 5th, but it couldn’t rally much higher and plunged back to t