Shiba Inu (SHIB) Price Continues a Bearish Movement

Sellers’ pressure increase in SHIB market

Shiba Inu (SHIB) Price Analysis: 30 March

The price may be able to overcome the resistance levels of $0.000013 and $0.0000114, respectively, if buyers can push the price over the $0.000012 level. The price may fall below $0.000011 and attempt to test the support levels of $0.000010 and $0.000009, respectively, if sellers are successful in holding the currency

Key Levels:

Resistance Levels: $0.000012, $0.000013, $0.000015

Support Levels: $0.000011, $0.000010, $0.000009

SHIBUSD

Long-term Trend: Bearish

The Shiba Inu daily chart clearly shows a bearish reversal indicator. Since December 8, sellers have controlled the SHIB market. The price crossed the threshold at $0.000020. Often, bearish candlestick patterns showed that the market was dominated by sellers. The bears’ fervor caused the price to drop below $0.000013. The buyer’s selection was incorporated into the transaction following a review at the designated support level. The market is currently showing significant declining momentum at the support level of $0.000011. When prices surpass the previously mentioned level, sellers seize control.

The Hull Suite indicator is satisfied by the current SHIB cost. The price may be able to overcome the resistance levels of $0.000013 and $0.0000114, respectively, if buyers can push the price over the $0.000012 level. The price may fall below $0.000011 and attempt to test the support levels of $0.000010 and $0.000009, respectively, if sellers are successful in holding the currency.

SHIBUSD Price Medium-term Trend: Bearish

The Shiba Inu price decrease during a four-hour period is displayed in the pricing table. Over $0.000012 worth of the coin has been bought and traded in the last two days. Despite the price fall, customers still visit the stores. After declining and testing the $0.000012 barrier, the price decreased once more. If the 4-hour candle closes over $0.000011, the price could fall sharply.

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

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