Shiba Inu (SHIB) Price: Resistance Level of $0.0000164 May Not Hold

SHIB price may reduce to $0.0000115 level

Shiba Inu (SHIB) Price Analysis: 30 June

SHIB may break below the $0.0000115 and $0.0000109 levels if sellers are successful in driving the price below the $0.0000164 support level. The price of the cryptocurrency may surge over $0.0000200 and attempt to test the resistance levels of $0.0000210 and $0.0000283 if bears are successful in holding it.

Key Levels:

Resistance Levels: $0.0000200, $0.0000210, $0.0000283

Support Levels: $0.0000164, $0.0000115, $0.0000109

SHIBUSD

Long-term Trend: Bearish

For Shiba Inu, the daily chart is negative. Buyers dominated the SHIB market a few weeks ago. At $0.00002270, the price passed the threshold. When there is a large amount of bullish candlestick patterns, it indicates that buyers are constantly prepared to join the market. On February 7, bulls drove the price above $0.00004399 as the daily candle broke above a resistance level at $0.000002270. At the $0.00004399 resistance level, buyers and sellers were up against one another. The sale continued at the prearranged rate, giving the bears more ammunition. The price is currently declining in an effort to cross below the $0.0000164 barrier.

The Hull Suite crypto signals indicator is currently trading above the SHIB price. SHIB may break below the $0.0000115 and $0.0000109 levels if sellers are successful in driving the price below the $0.0000164 support level. The price of the cryptocurrency may surge over $0.0000200 and attempt to test the resistance levels of $0.0000210 and $0.0000283 if bears are successful in holding it.

SHIBUSD Price Medium-term Trend: Bearish

The four-hour pricing chart shows the decrease in Shiba Inu values. The quantity of coin that has been bought and sold, or its value, has decreased to less than $0.0000200 throughout the last two weeks. Even with the lower costs, customers still regularly visit the stores. The price is quickly getting close to the $0.0000164 level and has not rebounded. If the 4-hour candle closes below the previously suggested barrier, the price may drop.

Bears are currently driving down Shiba Inu prices, based on the Hull Suite FX indicator, which displays a selling market with a bearish signal. Additionally, the QQE MOD is below the zero line.

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