Attention These Two Altcoins, Falling On The Way According To Technical Data!

October was undoubtedly a very positive month for the cryptocurrency world. In this period when Bitcoin showed a strong rise, altcoins also tried to show a strong rise and the crypto money market experienced an increase in general. bitcoin Although it has now reached its highest level by rising to the levels of $ 66,400, the two closely watched altcoins of the crypto money world continue to show bearish signs.

One of the leading altcoins in the crypto money world Shiba Inu (SHIB) and Uniswap (UNI) Contrary to the markets, the general picture started to show signs of decline.

Shiba Inu Analysis (SHIB)

SHIB fell 2.26% last week and traded at $0.00002802, signaling a possible consolidation in the near term. The immediate resistance level is $0.00002863 and the support level is $0.00002424. The 20-SMA level (not plotted) was in a position adjacent to the current trading price. This is considered an indication that neither bears nor bulls are currently dominating the SHIB market.

The RSI, on the other hand, has shown a downward trend in the last few days, but it has now managed to stay at the 53 level. The fact that the RSI stays at this level indicates declining purchasing power in the short term. “The Awesome Oscillator”, on the other hand, showed a bearish trend, indicating red signal bars. The +DI Line (blue) merged with the ADX line (red) and dropped sharply below the 25 mark. This analysis, on the other hand, confirmed the declining purchasing power. However, the ADX line remained at 16.2158, showing a very weak trend of price action.

Uniswap (UNI) Analysis

Uniswap, on the other hand, was down 1.05% compared to the last day while making these analyzes and was trading at $ 25.67 (CoinGecko data is trading at $ 26.80 as we translate this article). Immediate resistance is held at $27.11 and support at $20.28. Prominent technical indicators, on the other hand, pointed to bearish trends in the near-term.

The RSI was below the 50 mark after marking a significant drop above the midline. Analysis of this level showed that there may be high selling pressures in the near term. The same was seen in the awesome oscillator and the technique showing red signal bars echoed the selling pressure. It looks like the bears will take control in the near term as the +DI Line (orange) rises towards the 25 mark.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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