Shiba Inu (SHIB) price: A Daily Candle Fails to Break Up $0.00002143 Level

Sellers are rulling SHIB Market

Shiba Inu (SHIB) Price Analysis: 27 October

If buyers can push SHIB over the $0.00001846 level, the price might be able to break through the resistance levels of $0.00002003 and $0.00002143, respectively. If sellers are successful in holding the cryptocurrency, the price may drop below $0.00001686 and try to test the support levels of $0.0000150 and $0.00001252, respectively.

Key Levels:

Resistance Levels: $0.00001846, $0.00002003, $0.00002143

Support Levels: $0.00001686, $0.0000150, $0.00001252

SHIBUSD

Long-term Trend: Bearish

The Shiba Inus daily chart is now trending downward. Since September 19, buyers have been controlling the SHIB market. The price was above the cutoff at $0.00002143. Generally speaking, bearish candlestick patterns indicate that sellers are ready to take over at any time. The September 27 daily candle failed to break over the $0.00002143 price barrier, indicating that the bulls’ impetus was insufficient to push the price above it. The transaction proceeded according to plan following an assessment at the designated resistance level. Eventually, sellers took control of the market, and the price tested the $0.00001686 level before it pulled back.

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The present SHIB cost satisfies the Hull Suite indication. If buyers can push the price over the $0.00001846 level, the price might be able to break through the resistance levels of $0.00002003 and $0.00002143, respectively. If sellers are successful in holding the cryptocurrency, the price may drop below $0.00001686 and try to test the support levels of $0.0000150 and $0.00001252, respectively.

 

SHIBUSD Price Medium-term Trend: Bearish

The pricing chart displays a four-hour period with a decline in Shiba Inu. Over the past two weeks, less than $0.00002003 worth of currency has been bought and sold. Customers continue to frequent the stores despite the reduced prices. The price is falling and tested $0.00001686 very closely. The price may fall further if the 4-hour candle closes below the previously stated level.

.00002143 Level" width="580" height="259" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/10/4-hours-74-1024x458.png"/> Due to bears pushing the market lower with a negative signal on the Hull Suite FX indicator, Shiba Inu prices are currently falling. Additionally, there is a value lower than zero in the QQE MOD.

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