Shiba Inu's bearish rally likely fading
But here's where it gets interesting. Weekends are often less influenced by large investors and more by retail traders. The absence of increased selling pressure over the weekend could be a subtle hint.is in a fascinating spot. On the one hand, increased selling pressure today could be a sign of things to come. On the other hand, calm weekend trading suggests that the asset might still have a fighting chance to conquer the 200 EMA price level.
First is the descending volume. It is like the fading echo of a song, signaling that the crowd might be losing interest. But here's the twist: the infamous death cross, often a harbinger of doom, does not seem to be making much of an impact. It is as if the market is saying,"Nice try, but you're not scaring us this time."
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