Shiba

Flow

Shiba Inu

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/shiba-inu-tokens-downward-trajectory-projected-to-continue-as-market-volatility-heightens" rel="noopener noreferrer nofollow">Shiba Inu Token’s Downward Trajectory Projected to Continue as Market Volatility Heightens</a><br></p>
<p style="text-align: justify">The meme-inspired <a href="https://en.bitcoinhaber.net/sec-approves-first-spot-bitcoin-etf-cathie-wood-reacts" rel="noopener noreferrer nofollow">cryptocurrency</a> Shiba Inu (SHIB) appears to be on a continued downward trend, with predictions of an ongoing decline according to volatility analysis. The weekly chart’s key indicators hint at a turbulent market environment, which has seen SHIB’s value drop by 30% over the past month, with its current price at $0.00003.</p>
<h2 id="volatility-indicators-point-to-a-bearish-trend">Volatility Indicators Point to a Bearish Trend</h2>
<p style="text-align: justify">Technical analyses reveal that SHIB’s market may remain bearish as long as volatility remains high. The Bollinger Bands—tools used for assessing market volatility—are widening, suggesting increased market instability. With SHIB’s price steadily decreasing and the bands diverging further, the indicators point to a reinforced downward momentum.</p>
<p style="text-align: justify">The Average True Range (ATR) indicator, which reflects market volatility by measuring the degree of price movement, is also on an uptrend, indicating the presence of significant price swings. Likewise, the Chaikin Volatility indicator, which evaluates the range between the token’s high and low prices, has remained relatively stagnant since late March, denoting a period of consolidation before potential price movements.</p>
<h2 id="market-sentiment-and-shib-s-value">Market Sentiment and SHIB’s Value</h2>
<p style="text-align: justify">Despite the projections of further decreases in SHIB’s price, some market participants continue to accumulate the token. This behavior is evidenced by the weekly cryptocurrency chart’s momentum indicators. The Relative Strength Index (RSI) stands at 61.54, while the Money Flow Index (MFI) is at 75.57, showing that purchasing activity persists even in the face of potential value declines for SHIB.</p>
<h3 id="considered-points">Considered Points</h3>
<ul>
 <li>The divergence of the Bollinger Bands signals a strengthening bearish market for SHIB.</li>
 <li>Increasing ATR values highlight growing volatility and potential risk for SHIB investors.</li>
 <li>Despite market indicators suggesting a decline, ongoing buying activity may reflect investor confidence or a contrarian strategy.</li>
</ul>
<p style="text-align: justify">In summary, volatility indicators across several metrics suggest that Shiba Inu may not yet have found its market floor, as evidenced by continuous negative price movements and increased unpredictability. While the market shows bearish signs, some investors are seizing the opportunity to buy in, possibly indicating a mix of market optimism and strategic acquisition amid the volatility.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/shiba-inu-tokens-downward-trajectory-projected-to-continue-as-market-volatility-heightens" rel="noopener noreferrer nofollow">Shiba Inu Token’s Downward Trajectory Projected to Continue as Market Volatility Heightens</a></h5>

Shiba Inu Token’s Downward Trajectory Projected to Continue as Market Volatility Heightens

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