Shiba Inu price dips: Here are key levels to watch for a bullish reversal

Quick Summary:

Shiba Inu's current price action struggled to break above critical resistance levels, can the bulls induce a recovery?

But the 50-day EMA has been a strong barrier, forcing the price to reverse and invalidating recent gains.

However, any significant rebound in OBV could signal a potential bullish divergence, offering a glimmer of hope for the bulls.

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Article Details

Author / Journalist: Yash Majithia

Category: Crypto

Markets: United States

Topics: Social News Trading View News 1 Shiba Inu Altcoin Ambcrypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-28 @ 06:30:45 (5 days ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 501 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 22289429

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 16 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

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