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 hold on to Shiba Inu market

Shiba Inu (SHIB) Price Analysis: 02 June

SHIB may break below the $0.0000164 and $0.0000115 levels if sellers are successful in driving the price below the $0.0000210 support level. The price of the cryptocurrency can increase over $0.0000283 and attempt to test the resistance levels of $0.0000324 and $0.0000387 if bears are successful in holding it.

Key Levels:

Resistance Levels: $0.0000283, $0.0000324, $0.0000387

Support Levels: $0.0000210, $0.0000164, $0.0000115

SHIBUSD

Long-term Trend: Bearish

Shiba Inu’s daily chart is negative. A few weeks ago, buyers dominated the SHIB market. At $0.00002270, the price passed the threshold. A strong bullish candle seems to indicate that buyers are prepared to enter the market every day. On February 7, bulls drove the price above $0.00004399 as the daily candle broke over a resistance level at $0.000002270. At the resistance level of $0.0000439, sellers were battling against buyers. The selling continued at the previously mentioned level, giving the bears more ammunition. The price is currently declining in an effort to break below the $0.0000210 barrier.

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

The Hull Suite indicator’s price is currently more than the SHIB price. SHIB may break below the $0.0000164 and $0.0000115 levels if sellers are successful in driving the price below the $0.0000210 support level. The price of the cryptocurrency can increase over $0.0000283 and attempt to test the resistance levels of $0.0000324 and $0.0000387 if bears are successful in holding it.

SHIBUSD Price Medium-term Trend: Bearish

The four-hour pricing chart illustrates the decrease in Shiba Inu values. The quantity of money that has been bought and sold, or the value of the cryptocurrency, has decreased below $0.0000283 within the last two weeks. Despite the lower prices, customers still visit the stores regularly. The price is getting closer to $0.0000164 quickly and has not recovered. If the 4-hour candle closes below the previously advised level, the price may drop.

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

Shiba Inu prices are currently being driven lower by bears, as indicated by the Hull Suite forex indicator, which displays a selling market with a bearish signal. Additionally, the QQE MOD is below the zero line.

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