Shiba Inu (SHIB) Market: A Bearish Reversal at $0.00002621 Level Envisaged

Price may fall below $0.00002373 level

Shiba Inu (SHIB) Price Analysis: 24 November

If buyers can push Shiba Inu over the $0.00002621 level, the price might be able to break through the resistance levels of $0.00002880 and $0.00003212, respectively. If sellers are successful in holding the currency, the price may drop below $0.00002373 and try to test the support levels of $0.00002148 and $0.00002141, respectively.

Key Levels:

Resistance Levels: $0.00002621, $0.00002880, $0.00003212

Support Levels: $0.00002373, $0.00002148, $0.00002141

SHIBUSD

Long-term Trend: Bearish

The Shiba Inu daily chart is now showing a bearish reversal signal. Since September 26, buyers have control over the SHIB market. The price crossed the threshold at $0.00002141. Generally speaking, bullish candlestick patterns indicated that time, purchasers were dominating the market. The November daily candle failed to penetrate the $0.000022621 price barrier, suggesting that the bulls’ momentum was not strong enough to push the price above it. The transaction proceeded according to plan following an evaluation at the designated resistance level. After the price bounces off the $0.00002621 barrier, sellers are taken over the market, and it is facing the $0.00002373 level.

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The present SHIB cost satisfies the Hull Suite indication. If buyers can push the price over the $0.00002621 level, the price might be able to break through the resistance levels of $0.00002880 and $0.00003212, respectively. If sellers are successful in holding the currency, the price may drop below $0.00002373 and try to test the support levels of $0.00002148 and $0.00002141, respectively.

SHIBUSD Price Medium-term Trend: Bearish

The pricing chart shows the Shiba Inu price decrease throughout a four-hour period. Over the past two weeks, more than $0.00002621 worth of currency has been purchased and exchanged. Customers continue to frequent the stores in spite of the increased prices. The price rose and was able to test the $0.00002621 barrier but unable to penetrate. The price may decrease further if the 4-hour candle closes below the level of $0.00002373.

.00002621 Level Envisaged" width="1281" height="573" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/11/4-hours-67.png"/> Because bears are driving the market lower with a bearish signal on the Hull Suite FX signals indicator, Shiba Inu prices are currently falling. Additionally, there is a value lower than zero in the QQE MOD.

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