Shiba Inu Shows Mixed Signals After 30% Monthly Price Drop | Airdrop Alert Pro

shiba inu(Hebrew) Trading volumes in the past month are below $0.000020, down 30% in February. Its market capitalization is now $8.25 billion. Despite the economic downturn, SHIB’s technical indicators still show mixed signals, indicating the possibility of a trend reversal.

RSI Recovering from oversell levels recently, BBTREND has turned into a positive attitude, indicating a potential shift in buying interest. However, its EMA line is still in a bearish setting, indicating that Shib is still facing challenges in establishing a strong uptrend.

Shib RSI is now neutral after it has exceeded sales

After immersing in 21.6 a few hours ago, Shib’s RSI is currently 34.5. This marked a 56.5 drop two days ago.

RSI, or Relative Strength Indexmeasure the speed and changes of price changes, and help traders determine the conditions for excessive buying and selling.

It ranges from 0 to 100, with values ​​above 70, indicating excessive conditions, and below 30 indicates overselling levels. Hebrew recently entered oversold territory This is the first time since February 3, indicating that sales pressure is high.

Now that the RSI is 34.5, Shib is recovering from oversold conditions, but is still in a vulnerable state. This level suggests that sales momentum is slowing, which may lay the foundation for a short-term rebound.

However, the current RSI is still relatively low, indicating that bearish sentiment remains. If the RSI continues to rise above 40, it may indicate the direction Update purchase interest.

Instead, if it retreats to under 30, Hebrew may face another wave of sales pressure.

Shiba Inu Bbtrend is now positive, but not yet sustainable, powerful

Shiba Inu’s Bbtrend was positive between yesterday and today and is currently up from -1.55 a day ago after 5 years. BBTREND is an indicator derived from the Bollinger band that measures the intensity and direction of a trend.

Positive values ​​indicate bullish momentum, while negative values ​​indicate bearish pressure.

Shib’s Bbtrend was negative for six consecutive days, reaching a low of -7.58 on February 20. This low reflects strong sales pressure ahead of the recent reversal.

Now BBTrend is 5 years old, Shiba Inu shows signs of repurchasing interest and potential bullish momentum. This positive shift shows that buyers are gaining control, increasing the likelihood of a short-term uptrend.

But while BBTREND’s positive turn is encouraging, its levels are still relatively low compared to previous gatherings. If BBTREND continues to rise, it will confirm enhanced bullish sentiment.

On the other hand, if it starts to decline again, it may indicate that the buying momentum is fading, which may lead to a price drop.

If the golden cross forms

Shiba Inu prices fell recently It was below $0.000014 for the first time since early February, reflecting the continuation of its bearish trend. Its EMA line is still in a bearish setting position, with short-term EMA below the long term indicating ongoing sales pressure.

If this downward trend continues SHIB can test support For the first time since August 2024, it was below $0.000012 at $0.000016. The wide separation between EMAS shows that the strong bearish momentum makes it difficult for buyers to regain control.

But if Shib manages to reverse this trend, it may test resistance at $0.0000146. Breaking this level may trigger a $0.000017 rally. In addition, if this resistance is exceeded, Shiba INU prices may continue to rise to $0.0000196.

Strong buying momentum may bring meme coins to $0.00002 for the first time since late January.

In order for this bullish situation to work, short-term EMA needs to surpass long-term emas to confirm a trend reversal. Prior to this, the bearish EMA setting indicates that downward pressure may persist.