Add as a preferred source on GoogleShiba Inu Technical Readings Show Weak Momentum and Oversold Signals
Shiba Inu’s daily RSI was 36.63, while its stochastic readings were in oversold territory. The Nov. 7 Binance spot snapshot showed a 1.09% 24-hour decline and $1,229,104 in volume.
Shiba Inu (SHIB) fell 1.09% over 24 hours in the Nov. 7 Binance spot snapshot, while its technical readings showed weak momentum and oversold signals.
The 24-hour volume was $1,229,104.
The snapshot put the daily relative strength index (RSI) at 36.63 and described the moving average convergence divergence (MACD) as slightly negative, with a bearish histogram. Stochastic %K measured 13.64 and %D measured 10.91, both in oversold territory. Bollinger Band %B was 0.1495, placing SHIB near the lower band.
Together, the readings indicate selling pressure but do not confirm a reversal. The snapshot listed price, moving averages, support and resistance fields as $0.00, leaving no usable price anchors for a technical setup.
In an Oct. 17 technical snapshot, SHIB was down 1.17% over 24 hours, with RSI at 38.64 and stochastic %K at 21.67 and %D at 17.33. Only %D was below 20 in that snapshot; both stochastic readings were below 20 in the newer one.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.