Kiba Inu is experiencing a sharp rebound after it was rejected at higher levels. In addition, we can assume that High volatility in this market assisted the downtrend. Nevertheless, it can predict that a reversal may be near, as price candles are closing in for an upward rejection at lower levels.
Kiba Inu’s Forecast Statistics Data:
Kiba Inu’s Current Price: $0.000009071
Kiba Inu’s Market Capitalization: 8.2 million
Kiba Inu’s Systemic Supply: —-
Kiba Inu’s Overall Supply: 1 trillion
Kiba Inu’s Coinmarketcap Rank: #3485
Resistance: $0.000009299, $0.000010198, $0.000010510
Support: $0.000009128, $0.000009688, $0.000001064
Kiba Inu/USDT Price Analysis: Volatility Assistant Kiba’s Sharp Downtrend
On the Kiba Inu/USDT daily chart price action is falling very sharply after hitting the upper limit of the Bollinger indicator. However, as bad as that sounds, we might choose to look at the bright side of this sky. Going by the appearance of the bearish candles we can see that the bulls are helpless in this contest. And, the rule of operation of the indicator here is that rejection occurs once the lower or upper limits are pushed. Consequently, we may expect that an upward rejection will occur soon. Furthermore, at this point the MACD lines remain on the positive side, but has just made a cross to indicate a downtrend. Furthermore, this is telling that the downtrend is strong. Eventually, the value of Kiba may fall to around $0.000008000 or $0.000007500 before we can anticipate any reversal.
Kiba Inu Arrives at the Lower Limit, Tamadoge Looks Promising
On the Kiba Inu/USDT 4-hour chart, price action has already reached the floor of the Bollinger indicator. Also, price action has attempted to make an upward correction but failed. Perhaps this is because the bulls are already tired. As aforementioned, we can assume that price will reach lower.
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Furthermore, the MACD indicator lines have been able to cross to the negative side. Also, the histogram is also growing rapidly, this reveals that this current downtrend is strong. In addition, from the looks of the MACD lines, a strong reversal may not happen soon.
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