Bearish movement may continue after a pullback
Shiba Inu (SHIB) Price Analysis: 14 September
The price may be able to overcome the resistance levels of $0.000015 and $0.000016, respectively, if buyers can push the price over the $0.000013 mark. The price may fall below $0.000012 and attempt to test the support levels of $0.000011 and $0.000010, respectively, if sellers are successful in holding the cryptocurrency.
Key Levels:
Resistance Levels: $0.000013, $0.000015, $0.000016
Support Levels: $0.000012, $0.000011, $0.000010
SHIBUSD
Long-term Trend: Bearish
The Shiba Inu daily chart shows a clear bearish reversal indicator. Since July 21, the SHIB market has been dominated by sellers. The price broke through the threshold at $0.000015. Negative candlestick patterns were often used as indicators of selling power in the market. Due to the zeal of the bears, the price dropped below $0.000013. The points that were tested were $0.000012. The buyer’s selection was added to the transaction after assessment at the appropriate level of support. The market is currently obviously in a negative trend close to the $0.000013 barrier level. When the price goes above the starting point, sellers take control of it and keep pushing it until it breaks by $0.000013.
The Hull Suite indicator is satisfied by the current SHIB cost. The price may be able to overcome the resistance levels of $0.000015 and $0.000016, respectively, if buyers can push the price over the $0.000013 mark. The price may fall below $0.000012 and attempt to test the support levels of $0.000011 and $0.000010, respectively, if sellers are successful in holding the cryptocurrency.
SHIBUSD Price Medium-term Trend: Bearish
The pricing chart shows Shiba Inus’s four-hour price decline. The currency has been purchased and sold for less than $0.000013 during the last week. Despite the price cut, customers still visit the stores. After rising beyond the $0.000012 mark, the price drops below it again. The price tested $0.000013 after the 4-hour candle closed above $0.000012.
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