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

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.
.0000210 Level" width="580" height="259" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/06/Daily-19-1024x458.png"/> 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.

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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.

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