Shiba Inu (SHIB) Price: Sellers’ Momentum Is Decreasing

SHIB market may be dominated by buyers

Shiba Inu (SHIB) Price Analysis: 09 November

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 mark. The price may fall below $0.0000098 and attempt to test the support levels of $0.0000092 and $0.0000083, respectively, if sellers are successful in holding the cryptocurrency.

Key Levels:

Resistance Levels: $0.000010, $0.000011, $0.000012

Support Levels: $0.0000098, $0.0000092, $0.0000083

SHIBUSD

Long-term Trend: Bearish

The Shiba Inu daily chart shows a clear bearish reversal indicator. Since July 21, sellers have dominated the SHIB market. The price surpassed the threshold at $0.000012. It was customary to use bearish candlestick patterns to forecast market selling power. The price dropped below $0.000011 as a result of the bears’ zeal. One of the tested points was $0.000010. The buyer’s decision was added to the transaction after examination at the appropriate level of support. It is evident that the market is presently going lower near the $0.000010 barrier level. Once the price hits the starting point, sellers seize control and drive it until it breaks by $0.000010.

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 mark. The price may fall below $0.0000098 and attempt to test the support levels of $0.0000092 and $0.0000083, respectively, if sellers are successful in holding the cryptocurrency.

SHIBUSD Price Medium-term Trend: Bullish

The pricing chart shows the four-hour price decline for Shiba Inus. The currency has been purchased and sold for less than $0.000012 during the last week. Despite the price cut, customers still visit the stores. The price rises above the $0.000012 barrier and then drops below it again. The price tested $0.0000098 after the 4-hour candle closed below $0.000011.

Shiba Inu prices are currently increasing as a result of bulls driving the market higher with a bullish signal on the Hull Suite FX indicator. Furthermore, the QQE MOD contains an integer that is higher than zero.