Shiba Inu (SHIB): Ranging Movement Between $0.00001386 and $0.00001252 Levels

Buyers are defending $0.00001252 level

Shiba Inu (SHIB) Price Analysis: 15 September

If buyers can push the price over the resistance level of $0.00001386, SHIB may be able to break the levels of $0.00001528 and $0.00001687. If sellers are successful in holding it, the price of the cryptocurrency can drop below $0.00001252 and try to test the support levels of $0.00001187 and $0.00001134, respectively.

Key Levels:

Resistance Levels: $0.00001386, $0.00001528, $0.00001687

Support Levels: $0.00001252, $0.00001187, $0.00001134

SHIBUSD

Long-term Trend: Bearish

There is now a downward trend shown in the Shiba Inus daily chart. Since May 30th, sellers have dominated the SHIB market. With a price of $0.00001386, the threshold was exceeded. Bearish candlestick patterns generally indicate that sellers are ready to take the market by storm at any time. On August 23, the daily candle broke over the $0.00001386 price barrier, which was the point at which bears forced the price towards $0.00001252. Right now, there was a disagreement between the buyers and the sellers. The transaction proceeded as planned after the determined support level was looked into.

SHIB price is currently less than the Hull Suite indication. If buyers can push the price over the resistance level of $0.00001386, SHIB may be able to break the levels of $0.00001528 and $0.00001687. If sellers are successful in holding it, the price of the cryptocurrency can drop below $0.00001252 and try to test the support levels of $0.00001187 and $0.00001134, respectively.

SHIBUSD Price Medium-term Trend: Bearish

The pricing chart with a four-hour timeframe indicates a decrease in Shiba Inus. In the past two weeks, less than $0.00001386 worth of currency has been purchased and exchanged. Customers continue to frequent the stores on a regular basis despite the cheaper prices. The price is falling and approaching $0.00001252 very closely. The price might increase if the 4-hour candle closes over the $0.00001386 barrier level.

Bears are pushing the market lower with a negative signal on the Hull Suite crypto signals indicator, which is why Shiba Inu prices are currently falling. Furthermore, there is a value in the QQE MOD that is not zero.

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