Shiba Inu (SHIB) Price:  Sellers Are Successful in Holding Market

SHIB market is decreasing

Shiba Inu (SHIB) Price Analysis: 23 November

The price may be able to overcome resistance levels of $0.0000091and $0.0000012, respectively, if buyers can force the price beyond $0.0000082. The price may fall below $0.0000079 and attempt to test the support levels of $0.0000076 and $0.0000059, respectively, if sellers are successful in holding the cryptocurrency.

Key Levels:

Resistance Levels: $0.0000082, $0.0000091, $0.0000012

Support Levels: $0.0000079, $0.0000076, $0.0000059

SHIBUSD

Long-term Trend: Bearish

The Shiba Inu daily chart clearly shows a bearish reversal indicator. Since July 21, sellers have dominated the SHIB market. The price surpassed the cutoff at $0.000012. Traditionally, market selling power was predicted using bearish candlestick patterns. The price dropped below $0.0000091 as a result of the bears’ zeal. One of the tested points was $0.0000082. The buyer’s choice was incorporated into the transaction when it was reviewed at the appropriate level of support. It is evident that the market is currently falling around the barrier level of $0.0000079. Once the price reaches the starting point, sellers seize control and drive it till it breaks by $0.0000079.

The Hull Suite indicator is satisfied by the current SHIB cost. The price may be able to overcome resistance levels of $0.0000091and $0.0000012, respectively, if buyers can force the price beyond $0.0000082. The price may fall below $0.0000079 and attempt to test the support levels of $0.0000076 and $0.0000059, respectively, if sellers are successful in holding the cryptocurrency.

SHIBUSD Price Medium-term Trend: Bearish

The pricing chart shows the four-hour price reduction for Shiba Inus. The currency has been purchased and sold for less than $0.0000091 during the last week. Despite the price cut, customers still visit the stores. The price falls below the $0.0000082 barrier and then drops below it again. The price tested $0.0000082 after the 4-hour candle closed below $0.0000079.

Shiba Inu prices are currently falling as a result of bears driving the market lower and a bearish signal on the Hull Suite FX indicator. Additionally, the QQE MOD contains an integer smaller than zero.

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