Shiba Inu (SHIB) Price: Will There Be a Further Price Reduction?

Buyers are defending $0.000011 level

Shiba Inu (SHIB) Price Analysis: 15 June

If buyers can push the price over the $0.000012 level, the price might be able to break through the resistance levels of $0.000013 and $0.000015, respectively. If sellers are successful in holding the cryptocurrency, the price may drop below $0.000011 and try to test the support levels of $0.000010 and $0.000009, respectively.

Key Levels:

Resistance Levels: $0.000012, $0.000013, $0.000015

Support Levels: $0.000011, $0.000010, $0.000009

SHIBUSD

Long-term Trend: Bearish

There is a definite bearish reversal indicator on the Shiba Inu daily chart. The SHIB market has been dominated by buyers since April 9. At $0.000015, the price surpassed the threshold. Bullish candlestick patterns were frequently used to indicate buyer dominance of the market. The price surged above $0.000016 because to the bulls’ enthusiasm. After a review at the designated resistance level, the seller’s option was included in the transaction. The market is currently displaying a pronounced bearish trend close to the $0.000016 resistance level. When prices fall below the first level, sellers seize control and push the price to test $0.000011.

The present SHIB cost satisfies the Hull Suite indication. If buyers can push the price over the $0.000012 level, the price might be able to break through the resistance levels of $0.000013 and $0.000015, respectively. If sellers are successful in holding the cryptocurrency, the price may drop below $0.000011 and try to test the support levels of $0.000010 and $0.000009, respectively.

 

SHIBUSD Price Medium-term Trend: Bearish

Shiba Inus’s four-hour price drop is seen on the pricing chart. Over the past two weeks, the currency has been purchased and sold for more than $0.000016. Customers continue to frequent the stores in spite of the price reduction. Before rising beyond 0.000016 once more, the price rose and tested the $0.000015 barrier. The 4-hour candle may close below $0.000012, which would cause a steep decline in price.

As a result of bears pushing the market lower with a bearish signal on the Hull Suite FX indicator, Shiba Inu prices are currently declining. Additionally, there is an integer less than zero in the QQE MOD.

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