Bears may continue pushing lower
Shiba Inu (SHIB) Price Analysis: 21 September
If buyers can push the price over the $0.000012 mark, the price might be able to break through the resistance levels of $0.000013 and $0.000015, respectively. If sellers are successful in holding the cryptocurrency, the price may drop below $0.000011 and try to test the support levels of $0.000010 and $0.000009, respectively.
Key Levels:
Resistance Levels: $0.000012, $0.000013, $0.000015
Support Levels: $0.000011, $0.000010, $0.000009
SHIBUSD
Long-term Trend: Bearish
A definite bearish reversal indicator can be seen on the Shiba Inu daily chart. Sellers have controlled the SHIB market since July 21. At $0.000015, the price crossed the threshold. Indicators of selling power in the market were frequently negative candlestick patterns. The bears’ fervor caused the price to fall below $0.000013. $0.000012 was one of the tested points. Following evaluation at the proper level of support, the buyer’s choice was added to the transaction. At the moment, the market is clearly in a downward trend near the $0.000011 barrier level. Sellers take control of the price after it surpasses the starting point and continue to push it until it breaks by $0.000012.
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The present SHIB cost satisfies the Hull Suite indication. If buyers can push the price over the $0.000012 mark, the price might be able to break through the resistance levels of $0.000013 and $0.000015, respectively. If sellers are successful in holding the cryptocurrency, the price may drop below $0.000011 and try to test the support levels of $0.000010 and $0.000009, respectively.
SHIBUSD Price Medium-term Trend: Bearish
Shiba Inus’s four-hour price drop is displayed in the pricing chart. Over the past week, the currency has been bought and traded for less than $0.000013. Customers continue to frequent the stores in spite of the price reduction. The price falls below the $0.000012 barrier once more after rising above it. After the 4-hour candle closed above $0.000012, the price tested $0.000013.
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