Warning: The opinions expressed by our writers are theirs and do not represent the views of U.TODAY. The financial and market information provided on U.TODAY is intended for information purposes only. U.TODAY is not responsible for the financial losses suffered during the exchange of cryptocurrencies. Perform your own research by contacting financial experts before making investment decisions. We believe that all the content is correct on the date of publication, but certain offers mentioned may no longer be available.
The cryptocurrency on the theme of Shiba Inu dogs (SHIB) tested a crucial support area in the middle of the current sale on the market, which has seen $ 854 million in liquidations through various digital assets.
According to Ali, an Crypto analyst, the range of 0.0000185 to $ 0.0000212 is the most critical support area for Shiba Inu.
The price of Shiba Inu slipped below this critical range due to the market sales pressure. At the time of writing the editorial staff, Shib fell 11.18% in the past 24 hours to 0.0000179 $.
Related
Shiba Inu has greatly decreased since he reached summits of $ 0.00002497 on January 18. Shiba Inu will record six consecutive days of losses if today ends in the red. Overall, Shib marked seven over nine days of losses taken from January 18.
The decline made the Daily SMA 200 to lose support to $ 0.00001923, which has maintained it since early November 2024. The daily RSI fell into the negative zone, indicating that taking profits is currently underway.
In the coming days, the eyes will be on shib to see if it will return to the identified crucial support zone, and in particular the daily SMA 200, which could prepare the ground for a recovery rally, potentially targeting the levels of resistance around $ 0.000025.
The cryptography market sees a major sale
Cryptographic markets have accumulated $ 860 million in liquidations in the last 24 hours in the middle of a large sale. Haussiers bets on the increase in cryptography prices have lost $ 794 million while Bitcoin dropped by $ 100,000, which means that several major cryptocurrencies lose momentum in a lower beginning.
Related
Bitcoin fell below $ 99,000 early on Monday while traders suffered profits before the first meeting of the Federal Open Market Committee for this year in the United States, also following losses in US US contracts .
The derivative markets have reflected these losses, the Bitcoin liquidations totaling $ 261 million in the last 24 hours. Shiba Inu experienced $ 2.3 million in liquidations during this period.
The largest order of single liquidation occurred on HTX in a BTC business with a value of a value of $ 98.46 million.
