Shiba Inu (SHIB) Price Is Obeying Bears’ Command

Price may retest previous low at $0.0000068

Shiba Inu (SHIB) Price Analysis: 25 January

If buyers can push the price over $0.0000075, it might be able to break through the resistance levels of $0.0000081 and $0.0000091. If sellers are successful in keeping the price below $0.0000068, they may attempt to attack the support levels of $0.0000059 and $0.0000045.

Key Levels:

esistance Levels: $0.0000075, $0.0000081, $0.0000091

Support Levels: $0.0000068, $0.0000059, $0.0000045

SHIBUSD

Long-term Trend(Daily): Bearish

A hint of a bearish turnaround can be seen in the Shiba Inu daily chart. The SHIB market has been controlled by buyers since July 21. The price reached its high of $0.000010 on Monday, the 5th. A bearish engulfing candlestick pattern used to show the level of selling pressure. The extreme pessimism caused the price to fall below $0.0000075. The price then tested the $0.0000068 mark. After the price was evaluated at the appropriate resistance level, selling pressure returned to the trading activity. It is clear that the market is now declining at the $0.0000076 barrier level. When the price hits this level once more, sellers take over and push it lower until it tested $0.0000068.

The Hull Suite indication is consistent with the current prices offered by SHIB. If buyers can push the price over $0.0000075, it might be able to break through the resistance levels of $0.0000081 and $0.0000091. If sellers are successful in keeping the price below $0.0000068, they may attempt to attack the support levels of $0.0000059 and $0.0000045.

SHIBUSD Price Medium-term Trend (4H): Bearish

The four-hour price fall for Shiba Inus is shown in the pricing chart. Over the past month, the currency has been traded for less than $0.0000075. Despite the price reduction, customers continue to visit the stores. Before breaking through more support levels, the price first tested below the $0.0000076 threshold. After the 4-hour candle closed just mentioned level, the price briefly tested the $0.0000068 barrier.

Shiba Inu prices are currently declining as a result of a bearish signal on the Hull Suite FX indicator, which is pushing the market downward. Moreover, an integer lower than zero is present in the QQE MOD.

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