Shiba Inu (SHIB) Price: Sellers Are Exerting More Pressure

Bears’ momentum oppose bulls in Shiba Inu market

Shiba Inu (SHIB) Price Analysis: 26 May

If sellers are successful in pushing the price below the $0.0000227 support level, SHIB may break below the $0.0000210 and $0.0000189 levels. If bulls are successful in holding it, the price of the cryptocurrency can rise over $0.0000256 and try to test the resistance levels of $0.0000277 and $0.0000295

Key Levels:

Resistance Levels: $0.0000256, $0.0000277, $0.0000295

Support Levels: $0.0000227, $0.0000210, $0.0000189

SHIBUSD

Long-term Trend: Bearish

The daily chart for Shiba Inu is negative. Buyers dominated the SHIB market a few weeks ago. At $0.00002270, the price passed the threshold. A powerful bullish candle appears to indicate that buyers are ready to enter the market every day. As the daily candle broke over a resistance level at $0.000002270 on February 7, bulls boosted the price above $0.00004399. At the resistance level of $0.0000439, sellers were battling against buyers. The selling persisted at the previously mentioned level, providing additional ammo to the bears. The price is currently falling in an attempt to break below the $0.0000227 barrier.

The price of the Hull Suite indicator is now lower than the SHIB price. If sellers are successful in pushing the price below the $0.0000227 support level, SHIB may break below the $0.0000210 and $0.0000189 levels. If bulls are successful in holding it, the price of the cryptocurrency can rise over $0.0000256 and try to test the resistance levels of $0.0000277 and $0.0000295.

SHIBUSD Price Medium-term Trend: Bearish

The pricing chart with four hours displays the decline in Shiba Inu prices. Over the past two weeks, there has been a $0.0000189 decline in the amount of money that has been bought and sold, or the value of the cryptocurrency. Customers continue to attend the stores frequently despite the cheaper costs. The price has not recovered and is rapidly approaching $0.0000210. The price could move lower if the 4-hour candle closes below the previously recommended level.

The Hull Suite forex indicator shows a selling market with a bearish signal, indicating that bears are currently driving down the price of Shiba Inu. The QQE MOD is also below the zero line.

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