Shiba Inu price trapped in a hesitant place - Forecast today - 16-01-2025
Shiba Inu’s currency price (SHIBUSDT) fell in the intraday levels, amid negative pressure from trading below the 50–day SMA, while trying to gather positive momentum to shake off the negative pressure, amid the dominance of the upward trend in the short term, with positive signals from the RSI.
Therefore we expect the price to rise and target the resistance of $0.00002493, provided the support of $0.00002017 holds on.
Trend forecast for today: Likely Bullish
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End of day crude oil price forecast update - 16-01-2025
Crude oil price faces strong negative pressure to break the bullish channel’s support line and head towards starting bearish correction on the intraday basis, noting that closings the day below 78.25$ will confirm the continuation of the decline and achieve negative targets that start by visiting 76.75$ areas.
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End of day gold price forecast update - 16-01-2025
Gold price rallied upwards strongly to approach our extended target at 2725.00$, and the way seems open to continue the rise and achieve more gains on the intraday and short term basis, taking into consideration that breaking 2700.00$ might force the price to achieve some temporary decline before turning back to rise again.
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Pepe price falls tactically - Forecast today - 16-01-2025
Pepe’s currency price (PEPEUSD) fell in the intraday levels amid negative pressure from trading below the 50-day SMA, while trying to gather positive momentum to shake off that negative pressure, with positive signals from the RSI after reaching oversold levels, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line.
Therefore we expect the price to rise and target the resistance of $0.000021865, provided it settles firmly above $0.000017223.
Trend forecast for today: Likely Bullish
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