Shiba Inu (SHIB) Price: Further Price Declination Envisaged

Sellers are controlling SHIB market

Shiba Inu (SHIB) Price Analysis: 26 January

If buyers can push the price over the $0.000022 level, the price might be able to break through the resistance levels of $0.000024 and $0.000026, respectively. If sellers are successful in holding the currency, the price may drop below $0.000021 and try to test the support levels of $0.000020 and $0.000018, respectively

Key Levels:

Resistance Levels: $0.000022, $0.000024, $0.000026

Support Levels: $0.000021, $0.000020, $0.000018

SHIBUSD

Long-term Trend: Bearish

Right now, the Shiba Inu daily chart shows a bearish reversal indicator. Since December 8, sellers have controlled the SHIB market. The price crossed the threshold at $0.0000260. Often, bearish candlestick patterns indicated that the market was now dominated by sellers. The bears’ fervor seems to be causing the price to decline below $0.000026. Following an evaluation at the designated resistance level, the buyer’s decision was not followed in the transaction. When the price falls below the $0.000022 barrier, sellers take control of the market. Right now, it’s trying to break through the $0.000021 support level.

The present SHIB cost satisfies the Hull Suite indication. If buyers can push the price over the $0.000022 level, the price might be able to break through the resistance levels of $0.000024 and $0.000026, respectively. If sellers are successful in holding the currency, the price may drop below $0.000021 and try to test the support levels of $0.000020 and $0.000018, respectively.

 

SHIBUSD Price Medium-term Trend: Bearish

The pricing table shows the Shiba Inu drop over a four-hour period. Over the past two days, less than $0.000026 worth of cash has been purchased and exchanged. Customers continue to frequent the stores in spite of the price cut. The price fell and tested the $0.000021 barrier before breaking past. The price may fall more if the 4-hour candle closes below $0.000021.

Bears are driving the market lower with a negative signal on the Hull Suite FX indicator, which is why Shiba Inu prices are currently falling. Additionally, there is an integer less than zero in the QQE MOD.

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