Shiba Inu (SHIB) Price Is Rebounding at $0.00001494 Level

SHIB price may supass $0.00002143 level

Shiba Inu (SHIB) Price Analysis: 14 July

Shiba Inu may break below the $0.00001385 and $0.00001259 levels if sellers are successful in driving the price below the $0.00001531 support level. The price of the cryptocurrency may surge over $0.00001696 and attempt to test the resistance levels of $0.00002001 and $0.00002143 if bears are successful in holding it.

Key Levels:

Resistance Levels: $0.00001803, $0.00002005, $0.00002143

Support Levels: $0.00001696, $0.00001533, $0.00001394

SHIBUSD

Long-term Trend: Bullish

For Shiba Inu, the daily chart is currently positive. Sellers dominated the SHIB market a few weeks ago. At $0.00002143, the price passed the threshold. Many bearish candlestick patterns indicate that sellers are poised to join the market at any time. On July 03, bears drove the price below $0.00002005 as the daily candle broke below a support level at $0.000001803. At the $0.00001803 support level, buyers and sellers were in conflict. As the transaction moved along at the prearranged speed and the support level of $0.00001259 level was tested, the bears acquired more ammunition. The price is currently retreating towards the $0.00001696 mark.

The SHIB price is currently below the Hull Suite indicator’s trading level. SHIB may break below the $0.00001385 and $0.00001259 levels if sellers are successful in driving the price below the $0.00001531 support level. The price of the cryptocurrency may surge over $0.00001696 and attempt to test the resistance levels of $0.00002001 and $0.00002143 if bears are successful in holding it.

SHIBUSD Price Medium-term Trend: Bearish

The four-hour pricing chart shows the decrease in Shiba Inu values. The value, or quantity, of currency that has been bought and traded in the last two weeks has decreased to less than $0.00001385. Even with the lower prices, customers still regularly visit the stores. The cost is rising and getting extremely close to $0.00001696. If the 4-hour candle closes above the $0.00001696 support level, the price may rise.

Bulls are presently pushing up Shiba Inu prices, according to the Hull Suite FX indicator, which displays a buying market with a positive signal. Additionally, the QQE MOD is above the zero line.

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