SHIB

SHIB AI Trading (Date: 2025/04/12 02:00 UTC) decision background is summarized.

Technical Analysis

When analyzing the SHIB chart over the past 300 days, two notable indicators are the Moving Average (MA) and the Relative Strength Index (RSI). Recently, SHIB has been trading below the 50-day moving average, which generally indicates a bearish momentum. However, the 200-day moving average is still maintaining an upward trend. The discrepancy between these two indicators may indicate a buying opportunity.

The RSI indicator is currently trading around 40, which suggests that SHIB may be in an oversold state. An RSI below 30 is considered a strong sell signal, but there is a possibility of a reversal now. Signs of reversal are also evident in the formation of candlestick patterns. Recently, some bullish candles have appeared, capturing signals of a trend reversal.

Additionally, Fibonacci retracement analysis shows that the 0.0170 level acts as a major support level, with a high likelihood of a rebound at this level. If the price falls below this level, the next support level is expected to be 0.0165. On the other hand, if it surpasses 0.0185, there may be potential for an increase up to 0.0195.

The intraday trading volume has significantly increased, indicating that active buying forces are participating in the market. As trading volume rises, there is a tendency for prices to increase as well. From a technical perspective, the market shows potential for upward movement.

External Factors Analysis

Cryptocurrencies like SHIB are influenced by various external factors. Recently, several positive news stories are promoting investments in cryptocurrency market assets. In particular, the increasing number of companies accepting cryptocurrency as a payment method is contributing to the usability and reliability of the coin. This is leading to an increase in the real-world usage of SHIB, which could result in price increases.

While bearish market conditions and uncertainty still exist, if these negative factors are resolved or improved, there is a possibility that demand for SHIB may increase again. Additionally, changes in trading venues and circulation also affect SHIB’s price. Specifically, if a large amount of SHIB is sold on exchanges, the price may decline.

Globally, inflation and economic instability factors continue, but these factors also tend to lead to investments in cryptocurrencies. Investors may prefer cryptocurrencies as a relatively safe asset as interest rates rise or financial instability increases. Therefore, assets like SHIB may attract attention.

In conclusion, the future trends of SHIB will be determined by technical analysis along with external factors. As positive news and use cases increase, SHIB may provide buying opportunities, but due to its high volatility, a cautious approach is necessary.