Today news
About the same in other media
Shiba Inu risks drop with SHIB's 574% October's price rally near exhaustion
Reading now: 289
Shiba Inu (SHIB) may see a pullback by almost 25%–35% on fears that the cryptocurrency's excessive price rally in October has left it overvalued, a key indicator shows.
Dubbed the Relative Strength Index (RSI), the indicator measures the magnitude of an instrument's recent price changes to evaluate its oversold and overbought conditions. The result can be anywhere between the number 0 and 100, with a reading below 30 showing the instrument's oversold and above 70 showing its overbought status.
SHIB crossed above 70 on Oct. 3 and peaked around 94 three days later. Ideally, its overbought reading could have resulted in a price correction. But SHIB continued its rally as the monthly session progressed, eventually rising over 574% to its
Read more on cointelegraph.comAbout this in other media
Paraguay, Argentina Are ‘Targets for Crypto Miners’, May Provide Green Bitcoin Solution cryptonews.com /2 years ago
Shiba Inu, Bitcoin Cash, The Sandbox Price Analysis: 5 November ambcrypto.com /2 years ago
Ethereum Classic gets its own NFT ‘ETCPunks’ after October price plunge ambcrypto.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
