Shiba Inu (SHIB) Price May Retest Previous Low at $0.000013

Bears may prevail again in SHIB market

Shiba Inu (SHIB) Price Analysis: 23 February

If buyers can push the price over the $0.000016 level, the price might be able to break through the resistance levels of $0.000018 and $0.000020, respectively. If sellers are successful in holding the currency, the price may drop below $0.000015 and try to test the support levels of $0.000013 and $0.000012, respectively

Key Levels:

Resistance Levels: $0.000016, $0.000018, $0.000020

Support Levels: $0.000015, $0.000013, $0.000012

SHIBUSD

Long-term Trend: Bearish

A bearish reversal indicator may be seen on the Shiba Inu daily chart. Sellers have been in charge of the SHIB market since December 8. At $0.000020, the price surpassed the threshold. Bearish candlestick patterns frequently indicated that sellers were now in control of the market. The price seems to be falling below $0.000020 due to the bears’ zeal. Following an evaluation at the specified resistance level, the buyer’s decision was not followed in the transaction. The market is currently trying to break through the $0.000015 support level, and sellers take over when the price falls below the $0.000016 barrier.

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The present SHIB cost satisfies the Hull Suite crypto signals indication. If buyers can push the price over the $0.000016 level, the price might be able to break through the resistance levels of $0.000018 and $0.000020, respectively. If sellers are successful in holding the currency, the price may drop below $0.000015 and try to test the support levels of $0.000013 and $0.000012, respectively.

SHIBUSD Price Medium-term Trend: Bearish

The pricing table shows the Shiba Inu drop over a four-hour period. Over the past two days, less than $0.000018 worth of currency has been purchased and exchanged. Customers continue to frequent the stores in spite of the price cut. The price fell and tested the $0.000015 barrier before breaking through. The price may decline significantly more if the 4-hour candle closes below $0.000016.

.000013" width="1281" height="573" data-lazy-src="https://learn2.trade/wp-content/uploads/2025/02/4-hours-58.png"/> Bears are driving the market lower with a negative signal on the Hull Suite FX indicator, which is why Shiba Inu prices are currently falling. Additionally, there is an integer less than zero in the QQE MOD.

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