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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The daily structure has been bearish with the lower timeframe momentum southbound too Further losses for Bitcoin could see SHIB shed value rapidly on the charts Shiba Inu has been bearish on the price […]
‘s part, although it approached a critical level of support, it remained uncertain whether the downtrend across the crypto-market would see some relief. Federal Reserve Chair Jerome Powell cautioned that interest rates could head higher, an update that negatively impacted investor sentiment.Source: SHIB/USDT on TradingView
The RSI reflected the shift in bias when it fell below the neutral 50-mark and retested it as resistance in late February. However, the OBV did not yet note large losses, although it did fall under a support level from February. This highlighted that Shiba Inu sellers are likely to strengthen in the coming days.
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