Shiba Inu (SHIB) Price Pulls Back at $0.000033 Resistance Level

Sellers are taken over SHIB market

Shiba Inu (SHIB) Price Analysis: 15 December

The price may be able to overcome the resistance levels of $0.000030 and $0.000033, respectively, if buyers can push the price over the $0.000028 level. The price may fall below $0.000026 and attempt to test the support levels of $0.000023 and $0.000021, respectively, if sellers are successful in holding the currency.

Key Levels:

Resistance Levels: $0.000028, $0.000030, $0.000033

Support Levels: $0.000026, $0.000023, $0.000021

SHIBUSD

Long-term Trend: Bearish

The Shiba Inu daily chart currently displays a bearish reversal indicator. The SHIB market has been dominated by buyers since November 12. At $0.0000280, the price surpassed the threshold. Bullish candlestick patterns frequently showed that buyers were now in charge of the market. It appears that the bulls’ enthusiasm was insufficient to raise the price beyond $0.000033. The transaction deviated from the buyer’s choice after an assessment at the assigned resistance level. Buyers seize control of the market when the price pulls back from the $0.000033 barrier, and it is currently attempting to break through the $0.000026 level.

The Hull Suite indicator is satisfied by the current SHIB cost. The price may be able to overcome the resistance levels of $0.000030 and $0.000033, respectively, if buyers can push the price over the $0.000028 level. The price may fall below $0.000026 and attempt to test the support levels of $0.000023 and $0.000021, respectively, if sellers are successful in holding the currency.

SHIBUSD Price Medium-term Trend: Bearish

The Shiba Inus price decline during a four-hour period is displayed in the pricing chart. More than $0.000028 worth of currency has been bought and traded in the last two days. Despite the price increases, customers still visit the stores. Before breaking through, the price challenged the $0.000033 barrier as it increased. If the 4-hour candle closes over $0.000033, the price can increase even more.

Shiba Inu prices are currently decreasing as a result of bears pushing the market lower with a bearish signal on the Hull Suite FX indicator. Furthermore, the QQE MOD contains an integer lower than zero.

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