Low volatility in Shiba Inu market
Shiba Inu (SHIB) Price Analysis: 31 December
Buyers may force SHIB to break up the $0.0000118 and $0.0000125 levels if they can drive the price above the $0.0000113 resistance level. If bears can hold the $0.0000113 level, the price of the cryptocurrency may go below $0.0000104 and reach the support levels of $0.0000101 and $0.0000098.
Key Levels:
Resistance Levels: $0.0000113, $0.0000118, $0.0000125
Support Levels: $0.0000104, $0.0000101, $0.0000098
SHIBUSD
Long-term Trend: Bullish
Shiba Inu daily chart shows an upward trend. Before the bulls finally overcame the bears in the last two weeks, the coin’s price fluctuated for a few days between the $0.0000098 and $0.0000083 levels. On December 5, the daily candle closed above the previous resistance level of $0.0000098, indicating that bulls rather than bears were driving the market higher. The price tested the $0.0000118 barrier last two weeks after breaking past the $0.0000098 barrier. To retest the $0.0000101 level, it withdrew. The price is currently approaching its former peak.
SHIB is currently trading above both EMAs. Buyers may force SHIB to break up the $0.0000118 and $0.0000125 levels if they can drive the price above the $0.0000113 resistance level. If bears can hold the $0.0000113 level, the price of the cryptocurrency may go below $0.0000104 and reach the support levels of $0.0000101 and $0.0000098.
SHIBUSD Price Medium-term Trend: Bullish
The 4-hour Shiba Inu pricing chart demonstrates the degree of market less volatility. The value of the currency increased by more than $0.0000113 during the past few weeks due to a greater number of purchases than sales. The price increased to $0.0000118 due to the fervor of the buyers. A combination of weak buyers and weak sellers caused the price of SHIB to dangle within $0.0000113 and $0.0000104 levels.
The price of Shiba Inu is not volatile, based on the exponential moving averages with periods of nine and twenty-one. The Relative Strength Index is showing a sell market with a bearish signal at levels of 48.
You can purchase Lucky Block here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again

Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated

Get Alerts
Immediate alerts to your email and mobile phone.

Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.