Home
News
- 1 Shiba Inu price prediction suggests the sustainability issues of the memecoin over the daily time frame chart.
- 2 SHIB crypto price failed to sustain at the 20-EMA and is trying to manage its recovery.
- 3 Shiba Inu coin price needs to break out from the upper resistance level of $0.00000743 to initiate the recovery phase.
Shiba Inu price prediction showcases the recovery of Shiba Inu price from its own ashes mimicking the phoenix bird from Greek Mythology. SHIB crypto must sustain at the resistance level in order to maintain its recovery over the daily time frame chart. Shiba Inu coin price has returned from the 20-EMA line and has been experiencing short selling pressure from today’s opening of trading session.
Shiba Inu coin price must accumulate buyers in order to recover over the charts. However, currently sellers are over powering the situation to pull SHIB back towards the lowest level.
Shiba Inu price was at $0.00000711 and has lost 4.30% of its market capitalization during the day’s trading session. Trading volume has decreased by 15.37% during the intraday trading session. This demonstrates that sellers are present in the trade to short the market for SHIB cryptocurrency. Volume to market cap ratio was at 0.0313.
Why do Technical Indicators Highlight Divergence?
Shiba Inu price prediction indicates that the price of the Shiba Inu coin has been attempting to maintain itself above the main support level of $0.00000698. Bulls have been trying to force the price of Shiba Inu over the main resistance level, but they were unable to do so and failed at the 20-day EMA.
Shiba Inu coin value is currently attempting to retrace its steps towards the 20, 50, 100, and 200-days Daily Moving Averages. Shiba Inu price prediction, Shiba Inu coin price prediction, Shiba Inu coin price prediction 2025, and last but not least, Shiba Inu price prediction 2030 all support a recovery of Shiba Inu price towards the recovery level of $0.1 if Bitcoin, the market leader in cryptocurrencies, surges to $50000 price level.
Shiba Inu prices, meanwhile, have fallen by around 17.90% in a month and 32.54% over the past three months. In addition, the price of Shiba Inu stock has increased by about 7.56% over the past week.
Shiba Inu prices appear to be diverging on the daily time frame chart, according to technical indicators. The relative strength index shows how quickly the price of Shiba Inus is declining. At 38, the RSI was approaching oversold territory.
On the other hand, MACD shows the SHIB cryptocurrency’s increasing momentum. A positive crossover has occurred as a result of the MACD line crossing the signal line upward. Wait until the price of Shiba Inu explodes out of the main resistance level before investing in the cryptocurrency or the SHIB army.
Summary
Shiba Inu price prediction showcases the recovery of Shiba Inu price from its own ashes mimicking the phoenix bird from Greek Mythology. Shiba Inu price was at $0.00000711 and has lost 4.30% of its market capitalization during the day’s trading session. Shiba Inu prices, meanwhile, have fallen by around 17.90% in a month and 32.54% over the past three months. A positive crossover has occurred as a result of the MACD line crossing the signal line upward.
Technical Levels
Support Levels: $0.00000652 and $0.00000578
Resistance Levels: $0.00000743 and $0.00000788
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
