Shiba Inu (SHIB) Price: Sellers Prevent Further Price Increase at $0.0000295 Level

Bears are on increase in Shiba Inu market

Shiba Inu (SHIB) Price Analysis: 28 April

If sellers are successful in pushing the price below the $0.0000227 support level, Shiba Inu may break below the $0.0000210 and $0.0000189 levels. If bulls can hold the $0.0000227 level, the price of the cryptocurrency may rise beyond $0.0000295 and test the resistance levels of $0.0000331 and $0.0000367

Key Levels:

Resistance Levels: $0.0000295, $0.0000331, $0.0000367

Support Levels: $0.0000227, $0.0000210, $0.0000189

SHIBUSD

Long-term Trend: Bearish

The daily chart for Shiba Inus is negative. Buyers dominated the SHIB market a few weeks ago. At $0.00002270, the price passed the threshold. A powerful bullish candle appears to indicate that buyers are ready to enter the market every day. When the daily candle broke above a resistance level at $0.000002270 on February 07, it was bulls, not bears, who drove the price above $0.00004399. The selling persisted at the level already mentioned, providing the bears with more ammunition. The price began to fall and is now falling in an attempt to go beyond $0.0000227.

The Hull Suite indicator is currently less than the SHIB pricing. If sellers are successful in pushing the price below the $0.0000227 support level, SHIB may break below the $0.0000210 and $0.0000189 levels. If bulls can hold the $0.0000227 level, the price of the cryptocurrency may rise beyond $0.0000295 and test the resistance levels of $0.0000331 and $0.0000367.

SHIBUSD Price Medium-term Trend: Bullish

The Shiba Inus price retracement is displayed on the four-hour pricing chart. Over the past two weeks, there have been more sales than purchases, which has resulted in a $0.00001889 decline in the value of the cryptocurrency. Customers keep coming back to the stores even when the prices have decreased. The price has not recover, and it is presently nearing the $0.0000227 mark. Price may continue to move in a bearish manner if the 4-hour candle closes below the previously indicated level.

The QQE MOD is below the zero line and the Hull Suite crypto signals indicator, which displays a selling market with a bearish signal, suggests that bears are currently pushing down the price of Shiba Inu.

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