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- 1 The Kishu Inu is geared for a fall, as it fails to breach the top resistance level and sinks to lows by breaking previous swing lows in the process.
- 2 The KISHU asset is showing bearishness as it drops below 20-Day EMAs.
Kishu Inu is basically, a meme-based crypto that has adopted the “Kishu” dog breed as its mascot. Furthermore, Kishu Inu is a decentralized transactional network with a strong community-driven approach policy.
All decisions are made by the entire community. This token was established on April 17, 2021, and has earned good attention due to a string of billboards advertising the coin in New York’s Times Square.
The Kishu Inu ecosystem comprises five core elements, Kishu Swap is a decentralized exchange (DEX) that allows users to swap ERC-20 tokens with customizable functionality, powered by Uniswap, one of the largest and most secure DEX platforms.
Kishu Crate is an NFT marketplace where its users can stake KISHU tokens in exchange for exclusive rewards and especially unique digital items.
Kishu Paw Print is an app that tracks KISHU token statistics, comprising prizes and rewards, current token valuations, total wallet balance, price charts, and more.
Finally, Kishu Swag is a merchandise store driven and managed by a transparent non-profit organization that subsidizes the project and utilizes sales proceeds to develop the Kishu Inu platform and community.
KISHU crypto’s current price is $0.0000000002646 with a short rise of 0.34% in the last 24 hours and trading volume across all tracked volumes of KISHU in the last 24 hours is $949,583.
Meanwhile, KISHU’s open interest is $278.65 K. As per Coinglass, another crypto analysis website, it fell by 2.51% in the previous session. The long versus short ratio for 24 hours is 0.9589. The short liquidation is $167.22 versus $783.85 for the long liquidation.
Furthermore, the coins circulating are 96,834,929,602,284,635, this circulating supply with respect to the current price makes it the market cap, which is at $25,213,474. Based on the market cap, KISHU is ranked 796 on the Coingecko website, and from last week market cap is declining and the price is dropping as well.
Price Analysis Of KISHU Crypto Over Daily Chart
KISHU has presented poor performance, in the past week and past month by 13.59% and 22.57% respectively, implying a steady decline.
The Kishu Inu is geared for a fall, as it fails to breach the top resistance level and sinks to lows by breaking previous swing lows in the process and forming a streak of (B-o-S) Break of structures in the downside.
The KISHU asset is showing bearish weakness and falling potential as it drops below 20-Day EMAs.
Furthermore, the KISHU asset is in a strong downward trend as MACD shows bearish, suggesting that the crypto asset has more space to fall. Therefore, if the crypto price fails to stay above the $0.0000000002200 level, it could decline further.
On the flip side, if the demand for the KISHU surges, the asset price could bounce back from the current level. Then the next goal for the price could be is to reach $0.0000000003200.
Summary
KISHU has presented poor performance, in the past week and past month. The Kishu Inu is geared for a fall, as it fails to breach the top resistance level and sinks to lows by breaking previous swing lows in the process.
Therefore, if the crypto price fails to stay above the $0.0000000002200 level, it could decline further.
Technical Levels
Support Levels: $0.0000000002200
Resistance Levels: $0.0000000003200
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
