Shiba Inu (SHIB) May Break Up $0.00001386 Level

Buyers’ pressure increase gradually in SHIB market

Shiba Inu (SHIB) Price Analysis: 18 August

Shiba Inu can break below the levels of $0.00001259 and $0.00001186 if sellers are successful in driving the price below the $0.00001386 support level. The price of the cryptocurrency may surge over $0.00001525 and attempt to test the resistance levels of $0.00001696 and $0.00001846 if bears are successful in holding it.

Key Levels:

Resistance Levels: $0.00001386, $0.00001525, $0.00001696

Support Levels: $0.00001259, $0.00001186, $0.00001133

SHIBUSD

Long-term Trend: Bearish

The daily chart for the Shiba Inus is now trending downward. Since May 30th, sellers have dominated the SHIB market. At $0.00002146, the price crossed the threshold. Bearish candlestick patterns typically indicate that sellers are ready to enter the market at any time. The daily candle on July 3 broke the price of $0.00001846 level, the point at which bears dragged the price below $0.00001525. At this moment, there was a disagreement between the buyers and sellers. The $0.00001386 support level was examined, and the transaction proceeded as planned.

Right now, the SHIB price is below the Hull Suite indicator. If sellers are successful in pushing the price below the $0.00001259 support level, SHIB can break below the levels of $0.00001186 and $0.00001133. If bulls are successful in holding it, the price of the cryptocurrency can rise over $0.00001386 and try to test the resistance levels of $0.00001525 and $0.00001696, respectively.

SHIBUSD Price Medium-term Trend: Bullish

Shiba Inu values are rising, as can be seen in the four-hour pricing chart. In the past two weeks, less than $0.00001846 worth of cash has been bought and sold. Customers continue to frequent the stores on a regular basis despite the cheaper prices. The price is rising and approaching $0.00001253 pretty closely. The price can increase if the 4-hour candle closes over the $0.00001386 barrier level.

As bulls are pushing the market higher with a positive forex signal on the Hull Suite FX indicator, Shiba Inu prices are now rising. Moreover, there is a value greater than zero for the QQE MOD.

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