Shiba Inu (SHIB) Price: Sellers Reenergize Momentum

Bearish movement continues in Shib Market

Shiba Inu (SHIB) Price Analysis: 28 July

SHIB may break below the levels of $0.00001392 and $0.00001259 if sellers are successful in driving the price below the $0.00001525 support level. The price of the cryptocurrency may surge over $0.00001695 and attempt to test the resistance levels of $0.00001846 and $0.00002000 if bears are successful in holding it.

Key Levels:

Resistance Levels: $0.00001696, $0.00001846, $0.00002000

Support Levels: $0.00001525, $0.00001392, $0.00001259

SHIBUSD

Long-term Trend: Bearish

Shiba Inus’s daily chart is now trending negatively. Sellers dominate the SHIB market since 30 May. At $0.00002146, the price passed the threshold. Candlestick patterns that are bearish frequently indicate that sellers are poised to enter the market at any time. A support level at $0.000001846, which the daily candle broke below on July 3, was the point at which bears drove the price below $0.00001525. At the specified level, there was a dispute between buyers and sellers. As the deal moved along according to plan and the $0.00001846 level of resistance was investigated.

The Hull Suite indicator’s trading level is currently below the SHIB price. SHIB may break below the levels of $0.00001392 and $0.00001259 if sellers are successful in driving the price below the $0.00001525 support level. The price of the cryptocurrency may surge over $0.00001695 and attempt to test the resistance levels of $0.00001846 and $0.00002000 if bears are successful in holding it.

SHIBUSD Price Medium-term Trend: Bearish

The four-hour pricing chart shows the decrease in Shiba Inu values. Less than $0.00001846 worth of cash has been purchased and traded in the last two weeks. Even with the lower costs, customers still regularly visit the stores. The price is falling and getting extremely near to $0.00001525. If the 4-hour candle closes above the $0.00001696 resistance level, the price may rise.

Shiba Inu prices are falling at the moment as bears are driving down market with a bearish signal on the Hull Suite FX indicator. Moreover, the QQE MOD less than zero line.

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