Shiba Inu (SHIB) May Rebound at $0.00001252 Level

Sellers maintain their stand in SHIB market

Shiba Inu (SHIB) Price Analysis: 08 September

SHIB might be able to break the levels of $0.00001528 and $0.00001687 if buyers can push the price over the resistance level of $0.00001386. The price of the SHIBUSD may fall below $0.00001252 and attempt to test the support levels of $0.00001187 and $0.00001134, respectively, if sellers are successful in holding it.

Key Levels:

Resistance Levels: $0.00001386, $0.00001528, $0.00001687

Support Levels: $0.00001252, $0.00001187, $0.00001134

SHIBUSD Long-term Trend: Bearish

The Shiba Inus daily chart is now showing a declining trend. The SHIB market has been dominated by sellers since May 30th. At $0.00001386, the price was more than the threshold. Generally speaking, bearish candlestick patterns suggest that sellers are prepared to seize control of the market at any moment. The $0.00001386 price barrier, which was the price at which bears pulled the price towards $0.00001252, was broken by the daily candle on August 23. There was a dispute going on right now between the sellers and the purchasers. After the identified support level was investigated, the transaction went through as expected.

As of right now, SHIB pricing is lower than the crypto signals Hull Suite indicator. SHIB might be able to break the levels of $0.00001528 and $0.00001687 if buyers can push the price over the resistance level of $0.00001386. The price of the cryptocurrency may fall below $0.00001252 and attempt to test the support levels of $0.00001187 and $0.00001134, respectively, if sellers are successful in holding it.

SHIBUSD Price Medium-term Trend: Bearish

The four-hour pricing chart shows that Shiba Inu values are declining. Less than $0.00001386 worth of currency has been bought and traded in the last two weeks. Even with the lower prices, customers still regularly visit the stores. The price is decreasing and getting very near to $0.00001252. If the 4-hour candle closes over the $0.00001386 barrier level, the price may rise.

Shiba Inu prices are currently declining as bears are driving the market lower with a bearish signal on the Hull Suite FX indicator. Additionally, the QQE MOD has a value that is less than zero.

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