‘s part, although it approached a critical level of support, it remained uncertain whether the downtrend across the crypto-market would see some relief. Federal Reserve Chair Jerome Powell cautioned that interest rates could head higher, an update that negatively impacted investor sentiment.Source: SHIB/USDT on TradingView
The RSI reflected the shift in bias when it fell below the neutral 50-mark and retested it as resistance in late February. However, the OBV did not yet note large losses, although it did fall under a support level from February. This highlighted that Shiba Inu sellers are likely to strengthen in the coming days.
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