Shiba Inu (SHIB) Market Eventually Taken Over By Sellers

Price may decline to $0.0000150 level

Shiba Inu (SHIB) Price Analysis: 03 November

Shiba Inu may be able to overcome the resistance levels of $0.00001846 and $0.00002003, respectively, if buyers can push the price over the $0.00001686 level. The price may fall below $0.0000150 and attempt to test the support levels of $0.00001252 and $0.00001252, respectively, if sellers are successful in holding the coin.

Key Levels:

Resistance Levels: $0.00001686, $0.00001846, $0.00002003

Support Levels: $0.0000150, $0.00001387, $0.00001252

SHIBUSD

Long-term Trend: Bearish

Right now, the Shiba Inu daily chart is showing a downward trend. The SHIB market has been dominated by buyers since September 19. At $0.00002143, the price was more than the threshold. Bearish candlestick patterns typically signal that sellers are prepared to seize control at any moment. The bulls’ momentum was not enough to take the price beyond the $0.00002003 price barrier, as seen by the September 27 daily candle’s failure to break above it. After an evaluation at the specified resistance level, the transaction went as planned. The market was eventually taken over by sellers, and the price penetrated the $0.00001686 mark declining towards $0.0000150 level.

The Hull Suite indicator is satisfied by the current SHIB cost. The price may be able to overcome the resistance levels of $0.00001846 and $0.00002003, respectively, if buyers can push the price over the $0.00001686 level. The price may fall below $0.0000150 and attempt to test the support levels of $0.00001252 and $0.00001252, respectively, if sellers are successful in holding the coin.

SHIBUSD Price Medium-term Trend: Bearish

Shiba Inus declined throughout a four-hour period, as shown in the pricing chart. Less than $0.00001846 worth of currency has been bought and traded in the last two weeks. Despite the lower pricing, customers still visit the stores. The price is declining and made a very good break down of $0.00001686 level. If the 4-hour candle closes below the previously mentioned level, the price can drop even more.

Shiba Inu prices are currently declining as a result of bears pushing the market lower with a negative signal on the Hull Suite FX indicator. Furthermore, the QQE MOD contains a number that is less than zero.

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