Shiba Inu (SHIB) Price: Sellers Intensify Pressure

Price decrease further below $0.000010 point

Shiba Inu (SHIB) Price Analysis: 22 June

The price may be able to overcome the resistance levels of $0.000011 and $0.000012, respectively, if buyers can push the price over the $0.000010 level. The price may fall below $0.000009 and attempt to test the support levels of $0.000008 and $0.000007, respectively, if sellers are successful in holding the cryptocurrency

Key Levels:

Resistance Levels: $0.000010, $0.000011, $0.000012

Support Levels: $0.000009, $0.000008, $0.000007

SHIBUSD

Long-term Trend: Bearish

The Shiba Inu daily chart has a clear bearish reversal indicator. Since May 11, Sellers have controlled the SHIB market. The price crossed the threshold at $0.000011. Sellers domination of the market was often indicated by bearish candlestick patterns. The bears’ fervor caused the price to soar below $0.000010. The seller’s option was incorporated into the deal following a review at the specified resistance level. Near the $0.000012 barrier level, the market is presently showing a clear bearish trend. Sellers take over and drive the price to break down $0.000010 when prices drop below the first threshold.

The Hull Suite indicator is satisfied by the current SHIB cost. The price may be able to overcome the resistance levels of $0.000011 and $0.000012, respectively, if buyers can push the price over the $0.000010 level. The price may fall below $0.000009 and attempt to test the support levels of $0.000008 and $0.000007, respectively, if sellers are successful in holding the cryptocurrency.

 

SHIBUSD Price Medium-term Trend: Bearish

The pricing chart shows the four-hour price decline for Shiba Inu. The currency has been sold and traded for more than $0.000011 in the last one week. Despite the price cut, customers still visit the stores. The price decreases and tested the $0.000011 barrier before reaching below 0.000010 again. The price would drop sharply if the 4-hour candle closed below $0.000009.

Shiba Inu prices are currently falling as a result of bears pushing the market lower with a bearish signal on the Hull Suite FX indicator. The QQE MOD also contains an integer that is smaller than zero.

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