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KIBA/USDT market has been on a long bearish trend. This trend started around mid-last month and has extended till now. However, it appears as if a ray of hope is already reflected in this market, could this be a turnaround?
Kiba Inus Forecast Statistics Data:
KIBAs current price: $0.000003958
KIBAs market cap: $4.04 million
Kiba Inus circulating supply: — billion
KIBAS total supply: 1 trillion
Kiba Inus Coinmarketcap ranking: #3848
Major Price Marks:
Upper Limits: $0.000004000, $0.000004500, $0.000004580
Lower Limits: $0.000003958, $0.000003908, $0.000003880
Gloom in KIBA’s Market, TAMA presale sells out
The KIBA/USDT market has been on a bearish trend, with occasional breaks which usually results in a subsequent downtrend. Even now, the bears still appear to be winning. However, one thing is sure though and that could be found on the RSI indicator. The line of this Indicator has reached far in the oversold area. Also, the lines are now bending towards each other. With the magnitude of Selling pressure, we can anticipate two things in this market. We can expect a price reversal from here as indicated by the Stochastic Indicator, while worst-case scenario is that these lines will stay flat out at the 0.00% level and may linger there, as the price retraces lower support. Furthermore, in case a bullish reversal occurs, traders should position a pending buy order at the $0.000004500 level.
Kiba Inu’s Value Analysis: KIBA/USD May Progress Further Downward
The KIBA/USD hourly chart shows that price activities may retrace lower support. Here it could be seen that the price stays under the Bollinger MA. Consequently, this Portrays that price is maintaining a downtrend. Additionally, the last candle here also portrays that bears are having the upper hand in this market and session.
Your capital is at risk
Also, the Stochastic RSI curves have crossed on their way to the oversold but appear too weak to turn to the upside. However, an uptrend will likely occur but it may be very weak and may soon reverse to a downtrend. Nevertheless, traders can anticipate that price action may reach $0.000004300, although this isn’t likely to be reached.
Tamadoge has also been highlighted by Bitcoinist, BeInCrypto, NewsBTC, and crypto influencers across social media. Jacob Crypto Bury above notes that a Tamadoge purchase equivalent to 55.8 ETH was recorded on Etherscan on Sunday.
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