Parabolic SAR indicator, assessed on a weekly chart, hinted at the possibility of an extended long-term decline.The Parabolic SAR indicator is used to identify potential trend direction and reversals. When its dotted lines are placed above an asset’s price, the market is said to be in a decline.Do not write off the meme coin
For example, its key momentum indicators rested above their respective center lines at press time. SHIB’s Relative Strength Index was 58.08, while its Money Flow Index was 65.46. Confirming the uptick in SHIB’s buying pressure, its Accumulation/Distribution Line was spotted in an uptrend.
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