Shiba Inu Price Analysis: SHIB Drops 15% in Two Days as Market Tumbles


Critical Support Rate: $ 0.000030

Maximum Refusal Rate:: $ 0.000038

SHIB rejected a $ 0.000038 resistance and pushed down following a market downturn that began Tuesday. Current support is available at $ 0.000030 and can be re-tested if the entire market is still open.

Chart with TradingView

Technical Signs

Sales Volume: The volume has been low despite current adjustments. This gives hope that SHIB can completely change the course as soon as customers come.

RSI: The daily RSI has stopped falling during this post and if the price can do the same then this could be interpreted to be very low, which is bullish.

MACD: The daily MACD remains stable. If SHIB changes direction from now on there is a good chance you can move up and break the existing level.

Chart with TradingView

Prejudice

Prejudice on SHIB does not interfere. Cryptocurrency seems to have settled on a steady path at the time of this post.

Short-term Prediction of SHIB Price

If SHIB does well to break the existing resistance at $ 0.000038, then the bias may change to bullish. Until then, the cost will remain between support and resistance as you move sideways.

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Cryptocurrency charts and TradingView.


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