Shiba Inu (SHIB) May Retest Previous Low at $0.00001252 Level

Sellers are ruling SHIB market

Shiba Inu (SHIB) Price Analysis: 01 September

If buyers can push the price over the $0.00001386 resistance level, SHIB may be able to break the levels of $0.00001528 and $0.00001687. If sellers are successful in holding it, the price of the cryptocurrency may drop below $0.00001252 and try to test the support levels of $0.00001187 and $0.00001134, respectively.

Key Levels:

Resistance Levels: $0.00001386, $0.00001528, $0.00001687

Support Levels: $0.00001252, $0.00001187, $0.00001134

SHIBUSD

Long-term Trend: Bearish

As of right now, the Shiba Inus daily chart is trending downward. Since May 30th, sellers have dominated the SHIB market. The price at $0.00001386 was above the cutoff. Bearish candlestick patterns generally indicate that sellers are ready to take control of the market at any time. On August 23, the daily candle broke the price barrier of $0.00001386, which was the point at which bears drove the price towards $0.00001252. Right now, there was a disagreement between the buyers and sellers. The transaction proceeded as planned after the support level identified was looked into.

Right now, the Hull Suite indicator is higher than the SHIB pricing. If buyers can push the price over the $0.00001386 resistance level, SHIB may be able to break the levels of $0.00001528 and $0.00001687. If sellers are successful in holding it, the price of the cryptocurrency may drop below $0.00001252 and try to test the support levels of $0.00001187 and $0.00001134, respectively.

SHIBUSD Price Medium-term Trend: Bearish

Shiba Inu values are falling, as can be seen in the four-hour pricing chart. In the past two weeks, less than $0.00001386 worth of currency has been bought and sold. Customers continue to frequent the stores on a regular basis despite the cheaper costs. The cost is falling and approaching extremely close to $0.00001252. The price might increase if the 4-hour candle closes above the $0.00001386 barrier level.

As bears are pushing the market lower with a bearish crypto signals on the Hull Suite FX indicator, Shiba Inu prices are now falling. Moreover, there is a value lower than zero for the QQE MOD.

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