šØ SHIB suddenly gains momentumācan it break the moving average thatās been pressuring it all summer this time?
Price is pushing upward, and the exchange chips are stacking up tooāthis is the genuinely ātwistedā part.
Group: ē¹å»čæå „ēēēē²äøē¾¤
On September 21, SHIB briefly touched around $0.00000579 intraday, then traded sideways near $0.00000571. It finally moved above the long-term downward moving average that has been suppressing it all summer. For holders who are still in the market, this is the first decent counterattack theyāve seen in months.š
But while buy pressure is pushing forward, sell pressure isnāt idle.
The exchange data is right here: platform reserves rose 0.14%, net inflow rose 1.06%, with inflows up 0.86% and outflows up only 0.73%āmore coming in than being taken out. Even more striking is the seven-day moving average of average exchange deposits, jumping 24.12%. The chips that want to be sold are quietly being moved onto the stage.š
The technicals also line up. RSI breaks above 60 but doesnāt enter the overbought zone. Short-term moving averages cluster around $0.00000505 to $0.00000525 and start to turn, while trading volume is increasingābut it still hasnāt reached the kind of extreme volume seen in historical peaks.š„
Hold $0.00000560 to $0.00000570 to have the right to talk about $0.00000600. Above that, $0.00000620 is the previous high resistance. If price falls back below the breakout area, $0.00000540 is the first support. Further down, watch the moving-average band from $0.00000500 to $0.00000520.
š” What you really should focus on isnāt that moving average, but the chips that are piling up more and more on the exchangesāwhether theyāre willing to make way for this breakout.
ā ļø A single-day close above a moving average doesnāt equal a trend reversal. Without continuous close confirmations, be carefulāit could just be a fake move.
š Do you think this is a real breakout, or another fake drop? Letās chat in the comments š
Click the avatar to watch the live stream + join the Jiujiu chat group to get daily strategies š
#shibaInu #MEME #Bitcoin
Price is pushing upward, and the exchange chips are stacking up tooāthis is the genuinely ātwistedā part.
Group: ē¹å»čæå „ēēēē²äøē¾¤
On September 21, SHIB briefly touched around $0.00000579 intraday, then traded sideways near $0.00000571. It finally moved above the long-term downward moving average that has been suppressing it all summer. For holders who are still in the market, this is the first decent counterattack theyāve seen in months.š
But while buy pressure is pushing forward, sell pressure isnāt idle.
The exchange data is right here: platform reserves rose 0.14%, net inflow rose 1.06%, with inflows up 0.86% and outflows up only 0.73%āmore coming in than being taken out. Even more striking is the seven-day moving average of average exchange deposits, jumping 24.12%. The chips that want to be sold are quietly being moved onto the stage.š
The technicals also line up. RSI breaks above 60 but doesnāt enter the overbought zone. Short-term moving averages cluster around $0.00000505 to $0.00000525 and start to turn, while trading volume is increasingābut it still hasnāt reached the kind of extreme volume seen in historical peaks.š„
Hold $0.00000560 to $0.00000570 to have the right to talk about $0.00000600. Above that, $0.00000620 is the previous high resistance. If price falls back below the breakout area, $0.00000540 is the first support. Further down, watch the moving-average band from $0.00000500 to $0.00000520.
š” What you really should focus on isnāt that moving average, but the chips that are piling up more and more on the exchangesāwhether theyāre willing to make way for this breakout.
ā ļø A single-day close above a moving average doesnāt equal a trend reversal. Without continuous close confirmations, be carefulāit could just be a fake move.
š Do you think this is a real breakout, or another fake drop? Letās chat in the comments š
Click the avatar to watch the live stream + join the Jiujiu chat group to get daily strategies š
#shibaInu #MEME #Bitcoin
