SMA

Prices Top 50-Day SMA, Dollar Index Steady, and Limited Downside for 10-Year Treasury Yields

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This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin BTC$115,089.87 continues to gain ground, consistent with the inverse head-and-shoulders breakout from early this week, which opened the door for a rally to $120,000. Prices have crossed above the 50-day simple moving average (SMA), a widely-tracked momentum indicator. Additionally, the … Read more

Shiba Inu Looks to Scale 200-day SMA as Dogecoin Whales Boost Coin Stash to 10B

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Shiba Inu SHIB$0.0₄1310 is looking to establish a foothold above the 200-day simple moving average (SMA) as whales boost their dogecoin DOGE$0.2473 stash to a nearly four-year high. SHIB has exhibited considerable fortitude throughout the 24-hour trading, ascending from $0.00001287 to $0.00001312, constituting a respectable 2% appreciation. At press time, the token traded close to … Read more