SHIBA INU Price Analysis: SHIB Coin Price Sees A Correction Before The Big Listings

• SHIB Coin price is currently seeing a downside momentum in the daily chart but can soon revert to the uptrend. It has seen a loss of 4% in the past 24 hours
• Technical indicators of SHIBA INU suggest a consolidation in the asset price for a while. In contrast, SHIB/BTC pair has seen a loss of 7% in the intraday session.

SHIB coin price is currently observing a consolidation momentum in the daily chart but can soon see a breakout to a new high. Shiba Inu coin price has seen a loss of more than 4% in the past 24 hours and is trading near the value of $0.00007. It has an ROI of more than 815678% which has made many investors profitable. The asset price is currently seeing a consolidation but can soon see a breakout to a new high. The upside trend of SHIB can push it beyond $0.0001. One can invest in SHIB as per their needs and price action scenario

SHIB token has surpassed the market cap of Doge and is aiming for the moon. The coin price has seen a gain of more than 14000% in the past few weeks and can see more in the future. It suggests a strong upside trend in the price for the future. The volume to market cap ratio of the asset price suggests a strong upside trend. One can forecast a huge gain in SHIB in the future.

Technical Indicators Of SHIB Coin Price Suggests A Consolidation 

The weekly technical chart of the Shiba Inu price is currently seeing consolidated momentum. On coming to the daily chart the asset price has formed a supply zone the daily chart. The hostile region of SHIB while going upwards can be seen near $0.00009. The support of the asset can be found near $0.00006. The price of the coin is currently trading above the 50 and 100 Daily Moving Average. If the price jumps 15 to 20% above the current level then a strong bullish trend can be seen. The 50 DMA line is near $0.0000258, acting as temporary support of the price. SHIB/BTC pair can also observe a new high in the future

Conclusion

SHIB coin price is currently observing a consolidated momentum and can soon see a new high. SHIB/BTC pair can also observe a new high in future

Technical Levels

Major Resistance: $0.00009
Major Support: $0.000006

Get this news hand-delivered to you on Telegram. Join our Telegram for similar News and Information related to CRYPTOCURRENCY, BITCOIN, BLOCKCHAIN NEWS, and Price prediction