Shiba Inu (SHIB) Price May Break Down $0.0000210 Level
Login

Shiba Inu (SHIB) Price May Break Down $0.0000210 Level

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Bears’ pressure is increasing in Shiba Inu market

Shiba Inu (SHIB) Price Analysis: 12 May

If sellers are successful in pushing the price below the $0.0000210 support level, SHIB may break below the $0.0000189 and $0.0000165 levels. If bulls are able to hold the $0.0000210 level, the price of the cryptocurrency may rise above it and try the resistance levels of $0.0000256 and $0.0000295.

Key Levels:

Resistance Levels: $0.0000227, $0.0000256, $0.0000295

Support Levels: $0.0000210, $0.0000189, $0.0000165

SHIBUSD

Long-term Trend: Bearish

The daily chart for Shiba Inus is negative. Buyers dominated the SHIB market a few weeks ago. At $0.00002270, the price passed the threshold. A powerful bullish candle appears to indicate that buyers are ready to enter the market every day. When the daily candle broke over a resistance level at $0.000002270 on February 7, bulls boosted the price above $0.00004399. At the resistance level of $0.0000439, sellers were against buyers. The selling persisted at the previously mentioned level, providing further ammunition for the bears. The price has been falling and continues to do so in an attempt to break below the $0.0000210 level.

Shiba Inu (SHIB) Price May Break Down <img fetchpriority=.0000210 Level" width="580" height="251" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/05/Daily-27-1024x443.png"/>

As of right moment, the Hull Suite indication is less expensive than SHIB price. If sellers are successful in pushing the price below the $0.0000210 support level, SHIB may break below the $0.0000189 and $0.0000165 levels. If bulls are able to hold the $0.0000210 level, the price of the cryptocurrency may rise above it and try the resistance levels of $0.0000256 and $0.0000295.

SHIBUSD Price Medium-term Trend: Bearish

The Shiba Inu price decline is displayed on the four-hour pricing chart. Over the past two weeks, there has been a $0.0000189 decline in the amount of money that has been bought and sold or the value of the cryptocurrency. Customers continue to frequent the stores even when the prices are reduced. The price has not recovered and is rapidly approaching $0.0000210. The price can move negatively if the 4-hour candle closes below the level that was indicated before.

Shiba Inu (SHIB) Price May Break Down <img decoding=.0000210 Level" width="580" height="251" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/05/4-hours-40-1024x443.png"/>

The Hull Suite forex indicator shows a selling market with a bearish signal, and the QQE MOD is below the zero line, suggesting that bears are currently driving down the price of Shiba Inu.

You can purchase Lucky Block here.  Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News