SHIB

SHIB AI Trading (Date: 2025/06/19 02:00 UTC) decision background is summarized.

Technical Analysis

Looking at the recent chart of SHIB coin, the price has formed a low price range over the past 300 days and is showing stability. The current price is 0.0161, which is below the previous 50-day moving average, and this can be interpreted as a sell signal. On the other hand, the short-term moving average is supporting the price, indicating a potential buy signal. The RSI (Relative Strength Index) is pointing at 40 and is approaching the oversold zone. This suggests that a price rebound is possible in the short term. Additionally, the MACD indicator shows an upward trend and is breaking through the signal line, which can be interpreted as a positive signal in the long term. Overall, the current market situation has strong selling pressure, but the technical indicators are giving buy signals.

Summary of External Market Factors

SHIB coin has been influenced by various external factors in recent weeks. First, due to the overall market uncertainty, investment sentiment in cryptocurrencies is declining. However, Meme coins like SHIB receive support from the community, and activities on social media can positively impact trading. Recently, there have been several positive news items regarding SHIB. For example, listings on some major exchanges and collaborations with NFT projects have been announced. This can improve perceptions among investors and lead to buying pressure. Therefore, the potential for SHIB’s technical recovery combined with the positive market sentiment is gaining more attention.