Shiba Inu (SHIB) Price Breaks Down $0.000022 Barrier

SHIB market is under bears’ control

Shiba Inu (SHIB) Price Analysis: 19 January

Shiba Inu may be able to overcome the resistance levels of $0.000024 and $0.000026, respectively, if buyers can push the price over the $0.000022 level. The price may fall below $0.000021 and attempt to test the support levels of $0.000020 and $0.000018, respectively, if sellers are successful in holding the currency.

Key Levels:

Resistance Levels: $0.000022, $0.000024, $0.000026

Support Levels: $0.000021, $0.000020, $0.000018

SHIBUSD

Long-term Trend: Bearish

A bearish reversal indicator is currently visible on the Shiba Inu daily chart. The SHIB market has been dominated by sellers since December 8. At $0.0000260, the price surpassed the threshold. Bearish candlestick patterns frequently signaled that sellers were now controlling the market. The price appears to be dropping below $0.000026 as a result of the bears’ zeal. The buyer’s choice was not followed in the transaction after an evaluation at the specified resistance level. Sellers gain market dominance when the price drops below the $0.000022 barrier. It is currently attempting to overcome the $0.000021 support level.

The Hull Suite indicator is satisfied by the current SHIB cost. The price may be able to overcome the resistance levels of $0.000024 and $0.000026, respectively, if buyers can push the price over the $0.000022 level. The price may fall below $0.000021 and attempt to test the support levels of $0.000020 and $0.000018, respectively, if sellers are successful in holding the currency.

SHIBUSD Price Medium-term Trend: Bearish

The Shiba Inu decline during a four-hour period is displayed in the pricing table. Less than $0.000026 worth of currency has been bought and traded in the last two days. Despite the price reduction, customers still visit the stores. Before breaking through, the price dropped and challenged the $0.000021 barrier. If the 4-hour candle closes below $0.000021, the price can drop even more.

Shiba Inu prices are currently declining as a result of bears pushing the market lower with a negative signal on the Hull Suite FX indicator. Furthermore, the QQE MOD contains an integer lower than zero.

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