Shiba Inu Technical Readings Show Weak Momentum and Oversold Signals
Photo: TokenPost
Shiba Inu (SHIB) fell 1.09% over 24 hours in the Nov. 7 Binance spot snapshot, while its technical readings showed weak momentum and oversold signals. The snapshot put the daily relative strength index (RSI) at 36.63 and described the moving average convergence divergence (MACD) as slightly negative, with a bearish histogram. Stochastic %K measured 13.64 and %D measured 10.91, both in oversold territory. Bollinger Band %B was 0.1495, placing SHIB near the lower band. Together, the readings indicate selling pressure but do not confirm a reversal.
Source: TokenPost
