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Shiba Inu Price Analysis: SHIB/USD in a strong downtrend today

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TL;DR Breakdown

  • The Shiba Inu price analysis is bearish today.
  • Strong resistance at $0.00002769.
  • The trading price of SHIB is $0.00002554.

Today’s Shiba Inu price analysis is bearish. The trading price of SHIB is $0.00002554, and there is strong resistance at $0.00002769.

The Shiba Inu price analysis is bearish today. The trading price of SHIB is $0.00002554, and there is strong resistance at $0.00002769. The market conditions for SHIB are unfavorable, so it is not recommended to buy or sell this cryptocurrency at this time.

SHIB/USD 4-hour analysis: Recent developments

The Shiba Inu price analysis is bearish today. The trading price of SHIB is $0.00002554, and there is strong resistance at $0.00002769.

The market conditions for SHIB are unfavorable, so it is not recommended to buy or sell this cryptocurrency at this time.

The Shiba Inu price analysis is bearish today. The trading price of SHIB is $0.00002554, and there is strong resistance at $0.00002769. The market conditions for SHIB are unfavorable, so it is not recommended to buy or sell this cryptocurrency at this time.

The Shiba Inu price analysis is bearish today. The trading price of SHIB is $0.00002554, and there is strong resistance at $0.00002769.

The market conditions for SHIB are unfavorable, so it is not recommended to buy or sell this cryptocurrency at this time.

The Shiba Inu price analysis is bearish today. The trading price of SHIB is $0.00002554, and there is strong resistance at $0.00002769. The market conditions for SHIB are unfavorable, so it is not recommended to buy or sell this cryptocurrency at this time.

Shiba Inu price analysis: SHIB bearish at $0.00002554 1SHIB/USD 4-hour price chart source: TradingView

The Shiba Inu price analysis reveals that the Relative Strength Index (RSI) score is 41, making SHIB/USD fall in the lower neutral region. However, the RSI follows a linear trend indicating a stable market and equivalence of selling and buying activity.

Shiba Inu price analysis for 1-day: Market starts to open

The Shiba Inu price analysis is bearish today. The trading price of SHIB is $0.00002554, and there is strong resistance at $0.00002769.

The market conditions for SHIB are unfavorable, so it is not recommended to buy or sell this cryptocurrency at this time.

Shiba Inu price analysis: SHIB bearish at $0.00002554 2

SHIB/USD 1-day price chart source: TradingView

The RSIellers are in control as indicated by the RSI score of 36. The linear trend shows that the market is currently moving downwards, so a sell order may be advisable.

The Shiba Inu price analysis is bearish today. The trading price of SHIB is $0.00002554, and there is strong resistance at $0ellers are in control as indicated by the RSI score of 36. The linear trend shows that the market is currently moving downwards, so a sell order may be advisable.

Shiba Inu Price Analysis Conclusion

The Shiba Inu price analysis shows that the market has entered a full bearish phase, suggesting that the Shiba Inu will depreciate in the future. The bears currently have control of the market, and they are expected to maintain their position for some time.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

William Suberg

William Suberg

William Suberg is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. William is a lover of sports.

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