Shiba Inu (SHIB) Price Ranges Between $0.00000767 and $0.00000682 Levels

Buyers are defending $0.00000682 level in SHIB market

Shiba Inu (SHIB) Price Analysis: 01 October

If sellers are motivated and Shiba Inu breaches the $0.00000682 support level, they may test the $0.00000594 and $0.00000420 levels. The price of the cryptocurrency may increase past $0.00000767 and reach the resistance levels of $0.00000838 and $0.00000919 if bulls are successful in holding the $0.00000682 level.

Key Levels:

Resistance Levels: $0.00000767, $0.00000838, $0.00000919

Support Levels: $0.00000682, $0.00000594, $0.00000420

SHIBUSD Long-term Trend: Ranging

The daily chart for Shiba Inu reveals a ranging trend. Since September 11, the crypto has been dangling between the resistance level of $0.00000767 and the support level of $0.00000682. The bulls’ pressure seems to be overpowering the bears as the daily candle tested the resistance level of $0.00000767 on 23 September. The sellers opposed the buyer’s movement and the price remains on ranging movement between the mentioned levels.

Currently, SHIB is trading above and close to the two EMAs. If sellers are motivated and the price breaches the $0.00000682 support level, they may test the $0.00000594 and $0.00000420 levels. The cost of the cryptocurrency may increase past $0.00000767 and reach the resistance levels of $0.00000838 and $0.00000919 if bulls are successful in holding the $0.00000682 level. The relative strength index for period 14 indicates a purchase at level 45.

SHIBUSD Price Medium-term Trend: Ranging

Shiba Inu’s 4-hour pricing chart reveals a ranging market. The coin’s value drops to $0.00000740 because, during the past three weeks, buying has outpaced selling. The price dropped to the predetermined level as a result of the sellers’ zeal. When sellers outnumbered buyers last week, the SHIB price decreased to $0.00000682. The mentioned support level has been defended by buying pressure.  Currently, the cost is between $0.00000682 and $0.00000767.

Shiba Inu is now trading in a range with prices hovering near the 9- and 21-period exponential moving averages. The Relative Strength Index’s 53 levels point to a sell

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