Hello, welcome to this SHIB/USDT 1DAY chart update by CRYPTO SANDERS.
CHART ANALYSIS:-Shiba Inu (SHIB) rose by over 5% on Friday, on the news that Binance was adding the asset to its Flexible and VIP Loan services.
SHIB/USD hit an intraday peak of 0.000008677 on the news, a day after trading at a low of 0.000008226.
The move resulted in the meme coin hitting its highest point since Monday when it peaked at 0.00000872.
One of the catalysts for the surge also seemed to be a breakout of the 60.00 level on the 14-day relative strength index (RSI).
the index is tracking at 62.20, which is marginally below a higher ceiling of 63.00
Earlier gains have already eased, with traders likely securing profits in anticipation of a collision with this zone.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
CHART ANALYSIS:-Shiba Inu (SHIB) rose by over 5% on Friday, on the news that Binance was adding the asset to its Flexible and VIP Loan services.
SHIB/USD hit an intraday peak of 0.000008677 on the news, a day after trading at a low of 0.000008226.
The move resulted in the meme coin hitting its highest point since Monday when it peaked at 0.00000872.
One of the catalysts for the surge also seemed to be a breakout of the 60.00 level on the 14-day relative strength index (RSI).
the index is tracking at 62.20, which is marginally below a higher ceiling of 63.00
Earlier gains have already eased, with traders likely securing profits in anticipation of a collision with this zone.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
