Shiba Inu (SHIB) Price May Decline Below $0.0000210 Level
Login

Shiba Inu (SHIB) Price May Decline Below $0.0000210 Level

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

Azeez Mustapha

Updated:

Shiba Inu market may decline below $0.0000210 level

Shiba Inu (SHIB) Price Analysis: 09 June

If sellers are successful in pushing the price below the $0.0000210 support level, SHIB may break below the $0.0000164 and $0.0000115 levels. If bears are successful in holding it, the price of the cryptocurrency can rise over $0.0000283 and try to test the resistance levels of $0.0000324 and $0.0000387.

Key Levels:

Resistance Levels: $0.0000283, $0.0000324, $0.0000387

Support Levels: $0.0000210, $0.0000164, $0.0000115

SHIBUSD

Long-term Trend: Bearish

The daily chart for Shiba Inus is negative. The SHIB market was controlled by buyers a few weeks ago. The price crossed the threshold at $0.00002270. A robust bullish candlestick pattern suggests that buyers are ready to enter the market on a daily basis. As the daily candle broke over a resistance level at $0.000002270 on February 7, bulls boosted the price above $0.00004399. It was sellers against purchasers at the $0.0000439 resistance level. The selling persisted at the aforementioned level, arming the bears with additional firepower. Right now, the price is dropping in an attempt to cross below the $0.0000210 threshold.
Shiba Inu (SHIB) Price May Decline Below $0.0000210 Level Right now, the price of the Hull Suite indicator is higher than the SHIB price. If sellers are successful in pushing the price below the $0.0000210 support level, SHIB may break below the $0.0000164 and $0.0000115 levels. If bears are successful in holding it, the price of the cryptocurrency can rise over $0.0000283 and try to test the resistance levels of $0.0000324 and $0.0000387.

SHIBUSD Price Medium-term Trend: Bearish

The decline in Shiba Inu values is depicted in the four-hour pricing chart. In the past two weeks, the amount of money that has been bought and sold, or the value of the cryptocurrency, has dropped below $0.0000283. Customers continue to frequent the stores frequently in spite of the cheaper prices. The price has not recovered and is rapidly approaching $0.0000164. The price can decrease if the 4-hour candle closes below the previously suggested level.

Shiba Inu (SHIB) Price May Decline Below $0.0000210 Level

The Hull Suite forex signal indicator shows a selling market with a bearish signal, indicating that bears are now driving Shiba Inu prices lower. The QQE MOD is also 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