Although the cryptocurrency market has been hosting ups and downs in recent days, it has started to show signs of recovery today. shiba inu as it sprang up once again to create a new ATH, Bitcoin Cash and Uniswap Altcoins like these continue to show a gradual decline in their charts.
Shiba Inu (SHIB)
SHIB created a new ATH at $0.000887 and showed “unbeatable” growth of 140% last week. The meme token continued to rise from October 23 after being listed on multiple exchanges. At press time, nearly 380,000 people signed a petition on Change.org to list SHIB on Robinhood.
Decentralized Finance (DeFi) ecosystem and launch the NFT collection through “Shiboshi” SHIB There have been very positive developments. When SHIB traded at $0.000006938, it had gained more than 20% in the last 24 hours. The “SHIB army”, on the other hand, found support at $0.00005694.
RSI After falling from the overbought zone, it managed to hold its mark at 65 and continues to show signs of a reversal. DMI, on the other hand, showed superior purchasing power, but continued to show signs of a possible bearish in the near-term. Also, the ADS line (red on the graph) was at level 52 and continued to show a strong “directional strength”. The Compression Momentum Indicator, on the other hand, turned “dark green”, indicating that bullish potential will be easy.
Bitcoin Cash (BCH)
living at ATH on October 21 BCHFollowing this level, it entered a correction process and the bulls lost their strength at the end of that correction. The bears managed to apply steady pressure as the bulls provided support at $548. BCH While trading at $566.9, it was down about 7% on the daily charts.
RSI, is quite close to the oversold zone, but the level continues to move “up”. MACD Histogram and Awesome oscillator (AO)was below the zero line, indicating a preference for sellers. Again, MACD histogram On approaching the half line, the AO green signal bars “flashed”, possibly signaling an upside move in the near-term.
Uniswap (UNI)
Uniswap It fluctuated between the $23.41 immediate support level and the $28.45 resistance level last week. Reaching the 51-day high on October 27, the bears complied with the resistance point and provided consolidation. UNI, posting a seven-day drop of 8% and trading at $24.89 at press time.
With an RSI level of 40, UNI offered a choice to sellers. The RSI line, on the other hand, seems to be trying to move up. The MACD, on the other hand, was below the signal line, showing a “preference” for the sell force. However, the ADX line showed a weak directional trend.
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.