Shiba Inu Encounters Significant Challenges as Bears Target Further Price Decline – What Lies Ahead?
Market Struggles: Shiba Inu is facing significant bearish pressure, with a 13.61% decline in October and a price range between $0.00001009 and $0.00001026, as market sentiment remains fearful.
Burn Rate Decline: The burn rate of Shiba Inu has drastically decreased, dropping by 97.07% in the last 24 hours, which may indicate reduced demand for the token and could lead to further price declines.
Community Resilience: Despite the challenges, the Shiba Inu team encourages the community to remain resilient and creative, promoting the asset through various forms of content.
Security Alerts: Users are warned about a scam website impersonating Shiba Inu's official platforms, which is draining wallets, prompting the team to advise caution when connecting wallets to unknown sites.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 0 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0609 | 0.0686 | 0.0774 | 0.0852 | 0.094 | 0.102 | 0.11 |
| Fibonacci | 0.0686 | 0.0749 | 0.0788 | 0.0852 | 0.0915 | 0.0954 | 0.102 |
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