Shiba Inu (SHIB) Price: Buyers Are Defending $0.00001386 Level

Bearish momentum Reduce in Shib Market

Shiba Inu (SHIB) Price Analysis: 04 August

If sellers are able to push the price below the $0.00001386 support level, SHIB can break below the levels of $0.00001259 and $0.00001186. If bears are successful in holding it, the price of the cryptocurrency can rise over $0.00001525 and try to test the resistance levels of $0.00001696 and $0.00001846.

Key Levels:

Resistance Levels: $0.00001525, $0.00001696, $0.00001846

Support Levels: $0.00001386, $0.00001259, $0.00001186

SHIBUSD

Long-term Trend: Bearish

The daily chart of Shiba Inu’s is currently trending negatively. Since May 30th, sellers have dominated the SHIB market. At $0.00002146, the price crossed the threshold. Bearish candlestick patterns often suggest that sellers are ready to enter the market at any time. On July 3rd, the daily candle broke below a support level of $0.00001846, which was the price at which bears drove the price below $0.00001525. At this level, there was a disagreement between buyers and sellers. The deal proceeded as planned, and the $0.00001386 level of support level was examined.

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The trading level of the Hull Suite indicator is now higher than the SHIB price. If sellers are able to push the price below the $0.00001386 support level, SHIB can break below the levels of $0.00001259 and $0.00001186. If bears are successful in holding it, the price of the cryptocurrency can rise over $0.00001525 and try to test the resistance levels of $0.00001696 and $0.00001846.

SHIBUSD Price Medium-term Trend: Bearish

The decline in Shiba Inu values is depicted in the four-hour pricing chart. In the past two weeks, less than $0.00001846 worth of cash has been bought and sold. Customers continue to frequent the stores on a regular basis despite the cheaper costs. The price is decreasing and testing $0.00001525 very closely. The price can increase if the 4-hour candle closes over the resistance level of $0.00001386.

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As bears are pushing the market lower with a bearish signal on the Hull Suite FX indicator, Shiba Inu prices are currently declining. In addition, the QQE MOD is less than zero.

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