XRP Support Added by Major Japanese Exchange, Price Reacts
CoinCheck Listings: Japanese cryptocurrency exchange CoinCheck has announced the listing of XRP along with five other cryptocurrencies, following Ripple's recent legal victory against the SEC which significantly reduced potential fines.
Ripple's XRP Release: Ripple unlocked one billion XRP coins from escrow, valued at approximately $555 million, with plans to potentially burn some of the remaining tokens in the future.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB) As of , Shiba Inu (SHIB) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SHIB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SHIB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Shiba Inu (SHIB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000306 | 0.00000406 | 0.00000523 | 0.00000623 | 0.0000074 | 0.0000084 | 0.00000957 |
| Fibonacci | 0.00000406 | 0.00000489 | 0.00000541 | 0.00000623 | 0.00000706 | 0.00000758 | 0.0000084 |
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