- Shiba INU coin Bulls holding above its vital moving averages of 20, 50, 100, and 200-day lines, with bulls are overpowering the Bears.
- The crypto asset enters under the list of top-10 crypto assets after a sharp upmove from the lower levels.
- The pair of SHIB/BTC is trading at 0.000000001112 BTC with an intraday loss of -14.36%, and the ratio of SHIB/ETH is CMP at 0.00000001569 ETH with a 24-hour change of -18.78%
Shiba INU coin at the monthly chart is trading above its all vital moving averages 20, 50, 100, and 200-day lines. Volume activity is still high and needs to maintain above its average volume line in upcoming trading sessions. The overall medium to long-term trend is still favoring Bulls until the coin manages to sustain above 50, 100, and 200-day lines. Over the longer-term trend is still bullish and remain bullish if it sustains above the $0.00005000 mark in upcoming sessions.
Once the coin maintains its vital moving averages, the supportive volume activity will boost more buyers in forthcoming sessions. Support on the lower side is $0.00005200 and $0.00003600, whereas resistance on the higher side is $0.00007800 and $0.00008900.
Shiba INU coin is trading under the symmetrical triangle pattern, after a substantial upside from the lower levels
Shiba INU coin at the weekly chart is trading under the symmetrical triangle pattern, after a substantial upside from the lower levels. Meanwhile, the technical parameters project sideways action with a slightly bearish trend over the 4-hour time frame. Volume activity at the 4-hour time frame is lower and needs to improve sharply for a positive breakout from the pattern. The positive breakout from the pattern can create a strong move to $0.0001000 but needs strong volume activity in upcoming trading sessions. SHIB price is trading at $0.00006740 with an intraday loss of -17.86%, and the volume to market cap ratio is 0.5841.
Relative Strength Index (NEUTRAL): Shiba INU coin RSI is trading sideways, after a sharp decline from the overbought zone at the weekly chart. In contrast, the coin trades sideways and projects a neutral trend, RSI at 56.
Moving Average Convergence Divergence (BEARISH): The daily chart projects a bearish trend at the 4-hour time frame. At the same time, the seller’s line (red) overpowers the buyer’s signal line (green) with an upcoming positive crossover.
Support levels: $0.00005200 and $0.00003600
Resistance levels: $0.00007800 and $0.00008900.