- 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 more than 3% in the past 24 hours.
- Technical indicators of SHIBA INU suggest a bearish momentum to the lower level. In contrast, SHIB/BTC pair has seen a loss of more than 5.74% in the intraday session.
SHIB coin price is currently observing a strong downside momentum in the daily chart and can soon hit the next support in the future. Shiba Inu coin price is trailing near the value of $0.00005533 and has seen a loss of more than 3% in the past 24 hours. It has an ROI of more than 815678% which has made new people rich. The asset price is currently observing a downside momentum and can soon hit the next support. The resistance zone of the SHIB can be seen near $0.00007. One can invest in SHIB according to their needs and risk capacity.
SHIB token price can soon observe a crossover over the DOGE in the future. The coin price is currently seeing a downside trend in the daily chart. It can soon surpass the DOGE in market cap. The volume to market cap ratio of the coin price suggests a downside momentum in the future. One can forecast huge growth in SHIB in future
SHIB Coin Price May Test The Next Support Level
The weekly technical chart of the Shiba Inu price is currently seeing a strong downside trend in the weekly time frame. On coming to the daily chart the asset price is observing a bearish momentum. The upside momentum of the SHIB can see hostility nearby $0.000075. The support of the coin 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 drops down below 15 to 20% above the current level then a bearish trend can be seen. The 50 DMA line is near $0.000028, acting as a temporary support region of the price. SHIB/BTC pair can also see a new high in the future
Conclusion
SHIB coin price can hit the next support level in the future. SHIB/BTC pair can also see a strong upside momentum in future
Technical Levels
Major Resistance: $0.000075
Major Support: $0.000005