1
SHIB crypto is below the key moving averages.
2
Shiba Inu coin is witnessing bearish pressure on daily and weekly charts.
The price action of the SHIB crypto shows that selling pressure was noted on the charts and was in a downtrend, forming lower lows over the past few months. Moreover, due to declining investor interest, trading volume was below average.
Furthermore, the SHIB showed a decline in user activity which acted as a negative sentiment for the crypto and led to bearishness in the charts.
The ongoing trend favors bears, as the crypto was in a corrective phase, making buyers cautious. Moreover, SHIB was below the significant moving averages and tries to attain the 50-day EMA to hold the gains.
At the time of writing, the SHIB price is trading at $0.00000693 with an intraday gain of 0.14%, showing a bearishness. Moreover, the intraday trading volume increased by 0.51% to $4.09 Billion and the market cap is $88.36 Million.
Crypto has had a poo
We współpracy z: https://www.thecoinrepublic.com/2023/10/10/shiba-inu-coin-price-forecast-buy-sell-or-hold-shib/
