Chain News Daily Official TheBitTimes.com

Meme cryptocurrency Shiba Inu (SHIB) is witnessing a short-term price correction, but technical indicators suggest that the coin might target new highs. Specifically, SHIB’s TD Sequential indicator flashed a fresh buy signal on its daily chart, raising the possibility of the token targeting new resistance levels in the short term, according to insights shared by prominent cryptocurrency analyst Ali Martinez in an X post on December 24. The TD Sequential is used to identify trend exhaustion and potential reversals. It consists of a series of candlestick patterns, and in Shiba Inu’s case, the formation suggests that the current downtrend may be nearing its end. Picks for you AI picks 2 cryptocurrencies that will outperform others in Q1 2025 1 hour ago ...

The cryptocurrency market continues to crash as traders and investors wonder when the digital assets will reach the bottom. In such an unpredictable market, players can look for technical indicators that assist in spotting potentially oversold cryptocurrencies to buy. One of these popular indicators is the Relative Strength Index (RSI), which measures an asset’s momentum based on its activity. The RSI considers a cryptocurrency’s average gains and losses within a 14 trading period. In particular, on September 6, Finbold turned to the 4-hour RSI data from CoinGlass , seeking potentially oversold buying opportunities. As of this writing, this period’s average relative strength index was at 41.23, indicating a neutral to weak momentum. Picks for you Mark Robinson’s net worth revealed: How rich is the Lieutenant Governor of No...