Axie Infinity (AXS) Faces Bearish Momentum: Potential Scenarios for the Cryptocurrency
Axie Infinity (AXS) is currently trading at $4.47 and has been in a downtrend since the beginning of the year, after reaching its 2023 highs in late January. The failure to breach the 50-day Exponential Moving Average (EMA) and the Relative Strength Index (RSI) dropping below 50.0 suggest a bearish ...
Shiba Inu’s Downtrend Persists: 97.4% of SHIB Holders in the Red
Shiba Inu Continues Downtrend, Leaving 97.4% of SHIB Holders in Losses The Shiba Inu (SHIB) cryptocurrency is facing a persistent downtrend, with its price dropping by 5% in the last 24 hours, pushing it further into the demand zone at $0.00000690. On-chain metrics reveal that a significant 97.4% ...
Technical Analysis: Shiba Inu (SHIB) Exchange Rate Threatened by Bearish Breakout
The Shiba Inu (SHIB) exchange rate maintains a long-term pattern, but the shorter-term price structure is threatened by a bearish breakout. The popular meme coin SHIB, created by the Shiba Inu project, is an ERC-20 format token and one of the main rivals of Dogecoin. As the results of the tech ...
BTC Drops for Third Day as Market Sentiment and US Fed’s Rate Hike Plan Takes Toll
Experts in the cryptocurrency market attribute the recent three-day decline in the price of Bitcoin to excessively positive market sentiment and the announcement of a potential interest rate hike by the US Federal Reserve. According to CoinGecko, Bitcoin's market price has continued to drop for t ...