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.

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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.

.00001386 Level" width="580" height="259" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/08/4-hours-49-1024x458.png"/> 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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