Shiba Inu (SHIB) Bounces Off $0.00002143 Price Level

SHIB market under bearish control

Shiba Inu (SHIB) Price Analysis: 06 October

SHIB may be able to break through the levels of $0.00002003 and $0.00002143, respectively, if buyers are able to push the price above the resistance level of $0.00001846. The price of the crypto currency may go below $0.00001686 and attempt to test the support levels of $0.000011507 and $0.00001393, respectively, if sellers are successful in holding it.

Key Levels:

Resistance Levels: $0.00001846, $0.00002003, $0.00002143

Support Levels: $0.00001686, $0.00001507, $0.00001393

SHIBUSD

Long-term Trend: Bearish

The Shiba Inus daily chart is now showing a downward trend. The SHIB market has been dominated by buyers since September 25. At $0.00002143, the price was more than the threshold. Bearish candlestick patterns typically signal that sellers are prepared to seize the upper hand at any moment. The price barrier of $0.00002143 was not crossed by the daily candle on September 27, suggesting that bulls’ momentum was weak and could not propel the price up above the level. After an examination at the assigned resistance level, the transaction could go through as scheduled. Sellers eventually took over the market and the price is currently testing $0.00001686 level.

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The Hull Suite indicator is met by the existing SHIB cost. SHIB may be able to break through the levels of $0.00002003 and $0.00002143, respectively, if buyers are able to push the price above the resistance level of $0.00001846. The price of the cryptocurrency may go below $0.00001686 and attempt to test the support levels of $0.000011507 and $0.00001393, respectively, if sellers are successful in holding it.

SHIBUSD Price Medium-term Trend: Bearish

A four-hour period with an inclination in Shiba Inus is shown on the price chart. Less than $0.00002003 worth of cash has been exchanged and bought in the last two weeks. Even with the lower prices, customers still regularly visit the stores. The price decreases and getting extremely near to $0.00001686. If the 4-hour candle closes above the previously indicated level, the price may rise.

.00002143 Price Level" width="580" height="259" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/10/4-hours-14-1024x458.png"/> Shiba Inu prices are currently declining because bears are driving the market downward with a negative signal on the Hull Suite FX signals indicator. Furthermore, the QQE MOD contains a number that is larger than zero.

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