How ShibaInu's recent gains amidst the crypto winter can mold its trajectory
The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.The meme crypto’s long/short ratio over the past day hinted at a bearish edge.noted a solid bullish rebuttal as it reversed from the $0.00984 support level in late October. This bullish move pushed the meme token toward its high liquidity zone near the Point of Control in the $0.0122-zone.The bullish resurgence propelled the 20 EMA above the 50 EMA . The $0.
The token’s recent revival chalked out a bullish flag-like structure on the daily timeframe. After a firm rejection of lower prices near the $0.00984-mark, SHIB jumped above its 20/50 EMA to unveil a near-term buying edge. A rebound from the $0.0118-mark could induce a buying comeback. In this case, the $0.0129-mark could be the first major resistance level for the buyers to test.
Furthermore, the OBV noted higher troughs over the last four days. This trajectory bullishly diverged with the price action.An analysis of the SHIB’s long/short ratio across acc exchanges revealed a slight bearish advantage over the past day.
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