Shiba Inu (SHIB) Price Is Ranging Within $0.0000108 and $0.0000104 Levels

Low volatility in SHIB market

Shiba Inu (SHIB) Price Analysis: 26 March

Pressure from buyers will boost the price above the $0.0000108 resistance level, where the $0.0000113 and $0.0000125 may be tested. The cryptocurrency may reach support levels of $0.0000098 and $0.0000091 if it is able to effectively decline below $0.0000104. The Relative Strength Index’s period 14 signal line is pointing parallel at level 44, signaling a ranging market.

Key Levels:

Resistance Levels: $0.0000108, $0.0000113, $0.0000125

Support Levels: $0.0000104, $0.0000098, $0.0000091

SHBUSD Long-term Trend: Ranging

Shiba Inu is on the ranging movement in the daily chart. There was no significant movement in the Shiba Inu market.  The resistance level of $0.0000108 holds and prevents further increases in price. Also, buyers’ momentum is weak and could not push the price above $0.0000108 level. The support level of $0.0000104 is withstanding further price decrease. Hence, the price is currently moving within $0.0000108 and $0.0000104 levels.

The 9-period EMA is close to the 21-period EMA and the price is trading over and around the two EMAS. Pressure from buyers will boost the price above the $0.0000108 resistance level, where the $0.0000113 and $0.0000125 may be tested. The cryptocurrency may reach support levels of $0.0000098 and $0.0000091 if it is able to decline below $0.0000104 effectively. The Relative Strength Index’s period 14 signal line is pointing parallel at level 44, signaling a ranging market.

SHIBUSD Price Medium-term Trend: Ranging

Shiba Inu is ranging on the 4-hour chart. The cryptocurrency is range-bound within the $0.0000108 and $0.0000104 levels. Buyers are trying to defend the support level while sellers are defending the resistance level respectively. Last week, the price remained within the just mentioned level till the moment.

Shiba Inu is around the dynamic levels, indicating a ranging movement in SHIB market. The Relative Strength Index is at 46 levels displaying no specific direction.

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