Shiba Inu (SHIB) Price: Sellers’ Pressure Double

SHIB market are under sellers’ control

Shiba Inu (SHIB) Price Analysis: 02 February

The price may be able to overcome the resistance levels of $0.000018 and $0.000020, respectively, if buyers can push the price over the $0.000016 level. The price may fall below $0.000015 and attempt to test the support levels of $0.000013 and $0.000012, respectively, if sellers are successful in holding the currency

Key Levels:

Resistance Levels: $0.000016, $0.000018, $0.000020

Support Levels: $0.000015, $0.000013, $0.000012

SHIBUSD

Long-term Trend: Bearish

The Shiba Inu daily chart currently displays a bearish reversal indicator. The SHIB market has been dominated by sellers since December 8. At $0.000020, the price surpassed the threshold. Bearish candlestick patterns frequently signaled that sellers were now controlling the market. The price appears to be falling below $0.000020 due to the bears’ zeal. The buyer’s decision was not followed in the transaction after an evaluation at the specified resistance level. Sellers gain market dominance when the price drops below the $0.000016 barrier. It is now attempting to breach the $0.000015 support level.

The Hull Suite indicator is satisfied by the current SHIB cost. The price may be able to overcome the resistance levels of $0.000018 and $0.000020, respectively, if buyers can push the price over the $0.000016 level. The price may fall below $0.000015 and attempt to test the support levels of $0.000013 and $0.000012, respectively, if sellers are successful in holding the currency.

SHIBUSD Price Medium-term Trend: Bearish

The Shiba Inu decline is displayed in the pricing table during a four-hour period. Less than $0.000018 worth of currency has been bought and traded in the last two days. Despite the price reduction, customers still visit the stores. Before breaking through, the price dropped and challenged the $0.000015 barrier. If the 4-hour candle closes below $0.000016, the price can drop even further.

Shiba Inu prices are currently declining because bears are pushing the market lower with a negative signal on the Hull Suite FX indicator. The QQE MOD also contains an integer that is smaller than zero.

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