Shiba Inu (SHIB) Price:  Sellers’ Prevail over Buyers

SHIB market decreasing further

Shiba Inu (SHIB) Price Analysis: 16 November

If buyers can push the price over $0.000010, the price might be able to break through the resistance levels of $0.000011 and $0.000012, respectively. If sellers are successful in holding the cryptocurrency, the price may drop below $0.0000098 and try to test the support levels of $0.0000092 and $0.0000083, respectively.

Key Levels:

Resistance Levels: $0.000010, $0.000011, $0.000012

Support Levels: $0.0000098, $0.0000092, $0.0000083

SHIBUSD

Long-term Trend: Bearish

There is an obvious bearish reversal indicator on the Shiba Inu daily chart. The SHIB market has been controlled by sellers since July 21. At $0.000012, the price exceeded the cutoff. Bearish candlestick patterns were traditionally used to predict market selling power. The bears’ fervor caused the price to fall below $0.000011. $0.000010 was one of the tested points. After being examined at the proper level of support, the buyer’s decision was included to the transaction. It is clear that the market is currently declining close to the $0.000010 barrier level. Sellers take control of the price once it reaches the starting point and push it until it breaks by $0.000010.

The present SHIB cost satisfies the Hull Suite indication. If buyers can push the price over $0.000010, the price might be able to break through the resistance levels of $0.000011 and $0.000012, respectively. If sellers are successful in holding the cryptocurrency, the price may drop below $0.0000098 and try to test the support levels of $0.0000092 and $0.0000083, respectively.

SHIBUSD Price Medium-term Trend: Bearish

The four-hour price drop for Shiba Inus is displayed in the pricing chart. Over the past week, the currency has been bought and traded for less than $0.000012. Customers continue to frequent the stores in spite of the price reduction. After rising beyond the $0.000012 barrier, the price falls below it once more. After the 4-hour candle closed below $0.000011, the price tested $0.0000098.

Due to bulls pushing the market higher and a bullish signal on the Hull Suite FX indicator, Shiba Inu prices are currently rising. Moreover, an integer greater than zero is present in the QQE MOD.

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