Shiba Inu (SHIB) Price: Bears Hold Unto Market

Sellers’ pressure remain strong

Shiba Inu (SHIB) Price Analysis: 07 September

If buyers can push the price over the $0.000013 mark, the price might be able to break through the resistance levels of $0.000015 and $0.000016, respectively. If sellers are successful in holding the cryptocurrency, the price may drop below $0.000012 and try to test the support levels of $0.000011 and $0.000010, respectively.

Key Levels:

Resistance Levels: $0.000013, $0.000015, $0.000016

Support Levels: $0.000012, $0.000011, $0.000010

SHIBUSD

Long-term Trend: Bearish

An obvious bearish reversal indicator may be seen on the Shiba Inu daily chart. Sellers have dominated the SHIB market since July 21. It was at $0.000015 that the price crossed the threshold. Indicators of the market’s selling power were frequently negative candlestick patterns. Because to the bears’ fervor, the price fell below $0.000013. The tested points were $0.000012. Following evaluation at the proper level of support, the buyer’s choice was added to the transaction. Right now, the market is clearly in a bearish trend near the $0.000013 barrier level. Sellers control the price when it rises beyond the starting point, and they continue to push it until it breaks by $0.000013.

The present SHIB cost satisfies the Hull Suite indication. If buyers can push the price over the $0.000013 mark, the price might be able to break through the resistance levels of $0.000015 and $0.000016, respectively. If sellers are successful in holding the cryptocurrency, the price may drop below $0.000012 and try to test the support levels of $0.000011 and $0.000010, respectively.

SHIBUSD Price Medium-term Trend: Bearish

Shiba Inus’s four-hour price drop is displayed in the pricing chart. Over the past week, the currency has been bought and traded for less than $0.000013. Customers continue to frequent the stores in spite of the price reduction. The price falls below the $0.000012 threshold once more after climbing over it. After the 4-hour candle closed above $0.000012, the price tested $0.000013.

As a result of bears pushing the market lower with a bearish signal on the Hull Suite FX indicator, Shiba Inu prices are currently declining. Additionally, there is an integer less than zero in the QQE MOD.

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