Shiba Inu (SHIB) Price: Will There Be a Breakout at $0.00000767 Level?
Login

Shiba Inu (SHIB) Price: Will There Be a Breakout at $0.00000767 Level?

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Bulls are pressing hard on Shiba Inu market

Shiba Inu (SHIB) Price Analysis: 22 October

Sellers may force SHIB to test the $0.00000594 and $0.00000420 levels if they are successful in pushing the price below the $0.00000682 support level. If bulls are able to hold the $0.00000682 level, the price of the cryptocurrency can rise beyond $0.00000767 and hit the resistance levels of $0.00000838 and $0.00000919

Key Levels:

Resistance Levels: $0.00000767, $0.00000838, $0.00000919

Support Levels: $0.00000682, $0.00000594, $0.00000420

SHIBUSD Long-term Trend: Ranging

A range trend is visible on the Shiba Inu’s daily chart. The cryptocurrency’s price has been bouncing between the $0.00000682 support level and the $0.00000767 resistance level since September 11. The daily candle tested the $0.00000767 resistance level on September 23, suggesting that the bulls were putting more pressure on the market than the bears. The price has remained unstable between the previously specified levels since the sellers have resisted the purchasers’ movement.

Shiba Inu (SHIB) Price: Will There Be a Breakout at <img fetchpriority=.00000767 Level?" width="580" height="251" data-lazy-src="https://learn2.trade/wp-content/uploads/2023/10/Daily-54-1024x443.png"/>

SHIB is trading right now between the two EMAs. Sellers may force SHIB to test the $0.00000594 and $0.00000420 levels if they are successful in pushing the price below the $0.00000682 support level. If bulls are able to hold the $0.00000682 level, the price of the cryptocurrency can rise beyond $0.00000767 and hit the resistance levels of $0.00000838 and $0.00000919. Based on the relative strength index for period 14, at Level 48 buy signal is displayed.

SHIBUSD Price Medium-term Trend: Ranging

The 4-hour pricing chart for Shiba Inus shows a ranging market. The value of the currency decreases to $0.00000682 due to the fact that sales have exceeded purchases during the last three weeks. The sellers’ fervor caused the price to fall to the prearranged level. The SHIB price dropped to $0.00000682 the week before when there were more sellers than buyers. Purchasing pressure has kept the support level described earlier in place.  At present, the price ranges from $0.00000682 to $0.00000767.

 

Shiba Inu prices are now most volatile in the 9- and 21-period exponential moving averages. There is a buy signal on the Relative Strength Index at 51.

You can purchase Lucky Block here.  Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News