- SHIB Coin price is currently observing a bearish trend in the daily chart but can soon see a new high. The asset has seen a loss of more than 4% in the past 24 hours.
- Technical indicators of SHIBA INU hints towards a strong upside trend in price. In contrast, SHIB/BTC pair is also down by more than 2.5% in the past 24 hours
SHIB crypto price is currently seeing a downtrend in the daily chart but can soon revert to the uptrend. Shiba Inu coin price is down by more than 4% in the past 24 hours and is trading near the value of $0.00005140. It has an ROI of more than 815678% and is growing more and more. The asset price is observing a bearish trend but can soon see a rebound from the next support The hostile region of SHIB while moving upwards can be seen near $0.00006. One can invest in SHIB as per the price action and risk capacity.
SHIB token has surpassed the DOGE valuation in the past and can do the same in the future. The coin price is currently in consolidation but can soon revert to the uptrend. The volume of the asset is also seeing a pump on a daily basis. Volume to market cap ratio of the coin price points towards a downside momentum in the future. One can forecast a huge upside momentum in SHIB in future
SHIB Crypto Price Is Ready For A Parabolic Move
The weekly technical chart of the Shiba Inu price is observing a downside momentum but can soon jump to a new high. On coming to the daily chart, one can expect a strong bounceback in price. The support of the asset can be found near $0.000045. 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 strong downside momentum 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 see a downside momentum in future
Conclusion
SHIB coin price is currently seeing a downside momentum but can soon reversal in price. SHIB/BTC pair can also observe a strong upside trend in future
Technical Levels
Major Resistance: $0.00007
Major Support: $0.0000045