- The SHIB coin price is at an upward trend of around 3.2% during the intraday trading session.
- The 24-hour trading volume is at $271 million.
The daily technical chart and price action of SHIB coin presents a downward trend. According to the pivot levels, the initial support level is $0.0000064107. On another view, if it races up, the resistance level to watch is $0.0000085774. Although the chart creates a Doji candlestick pattern within the day, it is foretold that the price may continue sideways with high dependability.
Ichimoku Cloud is composed of lead-1 and lead-2 with a displacement value of 1. It operates as a leading indicator and pivot level of asset price changes. Investors can witness the price break below the Green Moku Cloud, and now it stays below the Red Moku Cloud, so the cost is below the Red Moku Cloud, ensuring the downward trend of SHIB.
The volume of (125) is below the MA of 20-days (713). In conclusion, the volume is low, making its price settle at the pivot zones. Investors may also note that the volume bars on the chart are declining, which hints that notable volatility is expected in the upcoming trading session.
The MACD indicator gives (bearish) crossover below the signal line on Aug 22, indicating a sell signal in the coin. Moreover, Investors can see faded red bars on the Histogram index meaning a positive crossover may happen soon.
SHIB Coin Bulls May Comeback
Today’s price of Shiba Inu is 0.00000717 USD, and the 24-hour trading volume is 271,203,262 USD. The price of SHIB has risen by 3.2% in the past 24 hours. It has 500 billion SHIB coins, totaling 1 trillion. The MACD indicator shows a sell signal, and the traders have guided low volume. Technically, the price struggles at the pivot zones and continues in a negative trend. Accordingly, as with the overall market viewpoint, the trend remains bullish for upcoming trading sessions.
Resistance Level: $0.0000085774
Support Level: $0.0000064107