Downtrend may continue this week
Shiba Inu (SHIB) Price Analysis: 25 May
The price may be able to overcome the resistance levels of $0.000016 and $0.000018, respectively, if buyers can push the price over the $0.000015 level. The price may fall below $0.000013 and attempt to test the support levels of $0.000011 and $0.000010, respectively, if sellers are successful in holding the cryptocurrency
Key Levels:
Resistance Levels: $0.000015, $0.000016, $0.000018
Support Levels: $0.000013, $0.000011, $0.000010
SHIBUSD
Long-term Trend: Bearish
The Shiba Inu daily chart has a clear bearish reversal indicator. Since April 9, buyers have controlled the SHIB market. The price crossed the threshold at $0.000015. Often, bullish candlestick patterns showed that the market was dominated by buyers. The bulls’ fervor caused the price to increase above $0.000016. The seller’s selection was incorporated into the transaction following a review at the assigned resistance level. The market is currently displaying a definite downward reversal trend close to the $0.000016 resistance level. When prices below the original threshold, sellers seize control and drive the price to test $0.000013.
The Hull Suite indicator is satisfied by the current SHIB cost. The price may be able to overcome the resistance levels of $0.000016 and $0.000018, respectively, if buyers can push the price over the $0.000015 level. The price may fall below $0.000013 and attempt to test the support levels of $0.000011 and $0.000010, respectively, if sellers are successful in holding the cryptocurrency.
SHIBUSD Price Medium-term Trend: Bearish
The pricing chart displays the four-hour price decrease for Shiba Inu. The currency has been bought and traded for more than $0.000016 in the last two days. Despite the price cut, customers still visit the stores. The price increased and tested the $0.000015 barrier before reaching above 0.000016 again. When the 4-hour candle closes below $0.000013, the price could fall sharply.
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