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小树苗 Berachain
11 Jan 2023
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#Breaking
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Amazon #AWS partners with Avalanche to scale blockchain adoption.
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#SHIBUSDT TA 💫✨️ Shib has recently broken out of a Descending Broadening Wedge Formation on the 4H chart, a pattern that historically signals potential bullish reversals. This breakout was strong, but the price has now hit a critical Supply Zone between 0.00001530 – 0.00001650, and has already shown signs of rejection from this area. The structure shows #SHIB facing Strong Resistance just below 0.00001711—a level that acts as Bearish Setup Invalidation. If the price closes decisively above this zone, bears will lose control, and we could see a sharp squeeze up toward 0.00001900. However, the more probable scenario for now is a retest and rejection from the supply zone, followed by a deeper pullback. Based on volume profile and historical price behavior, the Support Zone around 0.00001181 is a key level to watch for a possible bounce. If this level is lost, SHIB could fall to sweep the swing low at 0.00001081 to complete a liquidity grab before resuming any bullish trend. $SHIB
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PI price update💫✨️ Despite the positive developments mentioned above and the overall market resurgance as of late, PI token has continued its downtrend. The asset, which stood at $3 roughly a month ago, has dumped by 72% since then and now sits at just over $0.8. In the past week alone, the token is down by almost 30%. Nevertheless, certain analysts remain positive on its future price performance. MOON JEFF believes there could be more short-term pain ahead and a potential drop to $0.6. However, that could be the needed bounce-off point that could lead to a surge to a new all-time high at $5. Andrew Griffiths sees a buying opportunity for PI if its price slips to $0.75 due to the creation of a Falling Wedge Pattern. Pi News noted that people should be more focused on participating in the construction of the project, and PI’s price will react accordingly. However, some users saw this as a sign of desperation, while others believe it’s encouraging.
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