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Shiba Inu price analysis: SHIB is stable at around $0.00002599

Shiba Inu price analysis

TL;DR Breakdown

  • The Shiba Inu price analysis is bullish today.
  • Strong resistance at $0.00002835.
  • The trading price of SHIB is $0.00002599.

The Shiba Inu price analysis reveals a partial bullish movement in the market, and the market moves towards a significantly positive direction, increasing the price of SHIB significantly. However, the market has recovered from crashing in the last few hours, fortunately regaining most of its lost value. As a result, the cost of SHIB experienced a massive incline and reached $0.00002921, from $0.00002196; on April 12, 2022; however, SHIB/USD continued on a consistent movement the following days.

Today, on April 15, 2022, the price has been experiencing dormancy, causing the price of SHIB to move to the $0.00002599 mark. Furthermore, the cryptocurrency shows upside potential and is following an upward trend. SHIB currently trades at $0.00002599. As a result, Shiba Inu has been down 1.83% over the previous 24 hours, with a trading volume of $958,078,427, ranking #15 with a live market capital of $14,312,946,757.

SHIB/USD 4-hour analysis: Recent developments

The Shiba Inu price analysis revealed that the market is following a bearish trend as the market volatility declines significantly. As a result, the resistance and the support move toward each other; now, the price will follow the volatility to whichever extreme it decides. For now, the price is becoming less prone to volatile change. Consequently, the upper limit of the Bollinger’s band is present at $0.00002796, which acts as the strongest resistance point for SHIB. Conversely, the lower limit of the Bollinger’s band is available at $0.00002416, which acts as the strongest support point for SHIB.

The SHIB/USD price appears to be crossing under the Moving Average curve, making the market bearish. Moreover, the price seems to move upward, signifying an increasing movement, indicating a stable value for the cryptocurrency.

image SHIB/USD 4-hour price chart source: TradingView

The Shiba Inu price analysis reveals that the Relative Strength Index (RSI) score is 52 making SHIB/USD fall in the upper neutral region. However, the RSI score follows a slight downward trend indicating a stable market and dominant buying activity.

Shiba Inu price analysis for 1-day: Market volatility decreases

The Shiba Inu price analysis has revealed a bearish market. Moreover, the market’s volatility appears to follow a closing trend, making Shiba Inu’s price more vulnerable to volatility fluctuations. As a result, the upper limit of the Bollinger’s band is present at $0.00002835, which serves as the strongest resistance for SHIB. Conversely, the lower limit of the Bollinger’s band exists at $0.00002312, which acts as the strongest support for SHIB.

The SHIB/USD price appears to cross over the curve of the Moving Average, signifying a bullish movement. On the other hand, the price seems to be following an increasing activity, showing signs of a growing market. As a result, the price appears to move toward the moving average attempting to cross it.

image

SHIB/USD 1-day price chart source: TradingView

The Shiba Inu price analysis reveals the Relative Strength Index (RSI) score of 53, signifying a stable cryptocurrency. Furthermore, the RSI falls in the central neutral region. Therefore, following a linear approach signals a consistent market and represents the buying activity equaling the selling activity, causing the RSI score to remain dormant.

Shiba Inu Price Analysis Conclusion

The Shiba Inu price analysis reveals the market following a partial bullish movement, showing consistent dynamics. As a result, the market offers massive room for conservation of the bullish trend. As a result, the bulls might pull off a long-term regime which may be highly beneficial to the Shiba Inu cryptocurrency.

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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