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.
SHIB/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.
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.
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