The Market Periodical
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
Contact Us

bonafides

  • Login
The Market Periodical
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
Contact Us

bonafides

The Market Periodical

bonafides

Home News

SHIBA INU Price Analysis: SHIB Coin Price Sees A Consolidation In Price Before The Rally

Adarsh Singh by Adarsh Singh
November 6, 2021
in News
0
SHIBA INU Price Analysis: SHIB Coin Price Jumps More 50% After A Elon Musk Tweet
736
SHARES
5.7k
VIEWS
Share on FacebookShare on Twitter
  • SHIB Coin price is currently observing a downside consolidation momentum and can soon see a new high. It has observed a gain of more than 15% in the past 24 hours
  • Technical indicators of SHIBA INU hints towards a strong upside momentum in price. In contrast, SHIB/BTC pair has seen a gain of more than 17% in the intraday session.

SHIB coin price is currently seeing a consolidated downside momentum in the daily chart and can soon hit a new low in the future. Shiba Inu coin price is currently trading near the value of $0.00006133 and has seen a gain of 16% in the past 24 hours. It has an ROI of more than 815678% which has made various retail and institutional investors rich. The asset price is currently seeing a consolidation but can soon see a new high. The hostile region of the asset can be seen near $0.000071. One can invest in SHIB as per their needs and price action scenario.

SHIB token can soon surpass the market valuation of the doge and various coins. The coin price has seen a gain of more than 14000% in the past few weeks and can soon see a new high. It suggests a strong bullish trend in the price for the future. The volume to market cap ratio of the asset price hints towards a strong bullish trend. One can forecast a huge trend in Shiba Inu in the future.

Related articles

XMR Price Analysis: Price actions leaves Monero nursing its wounds

Monero Price Analysis: XMR Trading below Downward Sloping Line, What’s the Bullish Plan?

June 29, 2022
AAVE Price Analysis: Wait for this Signal if you are Bullish over AAVE!

AAVE Price Analysis: Wait for this Signal if you are Bullish over AAVE!

June 29, 2022

SHIB Coin Price Bulls Are Ready To Push The Price To A New High

Source: Trading view

The weekly technical chart of the Shiba Inu price suggests a strong upside bullish trend in price. On coming to the daily chart the asset price is seeing a consolidated momentum in the daily chart and can soon see a new high. The upside momentum of the SHIB can see hostility nearby $0.000075. The support of the asset can be seen near $0.00005. 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 upside trend can be seen. The 50 DMA line is near $0.000028, acting as a temporary bounceback region of the price. SHIB/BTC pair can also observe a new high in the future

Conclusion

SHIB coin price can also see a new high in the future. SHIB/BTC pair can also see a strong upside trend in the future.

Technical Levels

Major Resistance: $0.000075
Major Support: $0.000005

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

Share294Tweet184
Adarsh Singh

Adarsh Singh

Adarsh singh is an Stock market and financial market advisor trader with background in Engineering. He specialises in Technical Analysis while possessing strong computational skills.

Related Posts

XMR Price Analysis: Price actions leaves Monero nursing its wounds

Monero Price Analysis: XMR Trading below Downward Sloping Line, What’s the Bullish Plan?

by Nancy J. Allen
June 29, 2022
0

Monero's price is currently falling below a downward sloping line over the daily chart.The crypto asset fell below the 20,...

AAVE Price Analysis: Wait for this Signal if you are Bullish over AAVE!

AAVE Price Analysis: Wait for this Signal if you are Bullish over AAVE!

by Antonio K Smith
June 29, 2022
0

AAVE price is declining through a falling wedge pattern over the daily price chart.AAVE crypto fell below 20, 50, 100...

Decentraland Price Analysis: MANA must Escape this Range to Soar from 2021 Lows

Decentraland Price Analysis: MANA must Escape this Range to Soar from 2021 Lows

by Ritika Sharma
June 29, 2022
0

Decentraland price is trading inside the horizontal range-bound area over the daily price chart.MANA token fell below 20, 50, 100,...

UNI Price Analysis: Tumultuous price action leads to Uniswap price falling 

UNI Price Analysis: Tumultuous price action leads to Uniswap price falling 

by Nancy J. Allen
June 29, 2022
0

•UNI/USD is currently priced at $4.92 and has decreased by 8.93% over the past day •The trading volumes have increased...

SOL Price Analysis: Solana price action leaves investors reeling 

SOL Price Analysis: Solana price action leaves investors reeling 

by Antonio K Smith
June 29, 2022
0

•SOL/USD is currently priced at $34.22 and has decreased by 12.58% over the past day  •The trading volumes have increased...

Load More
  • Trending
  • Comments
  • Latest
charged-particle-backdrop

Charged Particles Helps in Making the Future of Nextgen NFTs

May 13, 2021
Powerledger

Powerledger is revolutionizing the world of energy

January 31, 2022
ETH

Ethereum Analysis: Ethereum Hits A New All-Time High of $1467; ETH On Longspan Bull Rally?

January 28, 2021
Tron Price Analysis: The Tron Voin Showcased an Attempt To Break Out From The $0.083 Mark

TRON (TRX) Analysis: Is TRON going to continue its Bullish Rally?

October 30, 2021
XMR Price Analysis: Price actions leaves Monero nursing its wounds

Monero Price Analysis: XMR Trading below Downward Sloping Line, What’s the Bullish Plan?

0
Bitfinex

Bitfinex Lets Users Earn on their Bitcoin with Celsius

0
Binance Burned the Highest Number of BNB Tokens Till Day Worth $68 Million

Binance Burned the Highest Number of BNB Tokens Till Day Worth $68 Million

0
Cryptocurrency

U.S. Congress Members Have Introduced 40 Bills on the Subject of Cryptocurrencies

0
XMR Price Analysis: Price actions leaves Monero nursing its wounds

Monero Price Analysis: XMR Trading below Downward Sloping Line, What’s the Bullish Plan?

June 29, 2022
AAVE Price Analysis: Wait for this Signal if you are Bullish over AAVE!

AAVE Price Analysis: Wait for this Signal if you are Bullish over AAVE!

June 29, 2022
Decentraland Price Analysis: MANA must Escape this Range to Soar from 2021 Lows

Decentraland Price Analysis: MANA must Escape this Range to Soar from 2021 Lows

June 29, 2022
UNI Price Analysis: Tumultuous price action leads to Uniswap price falling 

UNI Price Analysis: Tumultuous price action leads to Uniswap price falling 

June 29, 2022
  • Home
  • Contact Us
  • SUBMIT PR

© 2022 The Market Periodical

 
No Result
View All Result
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
  • Contact Us

© 2018 JNews by Jegtheme.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password?

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?