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According to recent Shiba Inu price analysis, the intraday low for SHIB was $0.0000116, and the bulls have been attempting to drive prices upward since then.However, the bears appear to remain in charge for the time being, with prices now trading at $0.00001169.It is crucial to note that SHIB saw a massive drop in pricing overnight, but it has started to slowly rebound in the last several hours. <a href="https://www.coingabbar.com/en/crypto-research-papers/shiba-inu" rel="noopener noreferrer nofollow">Shiba Inu price</a> is currently down 3.74 percent, with a 24-hour low of $0.0000116 and a 24-hour high of $0.00001216.SHIB currently has a market value of $6.9 billion and a 24-hour trading volume of $1,213,260,522.89.As of now, the bulls are attempting to drive prices higher, but the bears appear to be in charge. It remains to be seen if the bulls can regain control or whether the bears will continue to force prices down. The 4-hour chart for SHIB/USD indicates that the bulls have been attempting to drive prices higher but have so far been unsuccessful. Currently, prices are trading slightly below the $0.000012 resistance level.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/740d99324681488496538821c00ba76b.png" />A bearish trend line is formed, with resistance around $0.000012. The MACD indicator is in the <a href="https://www.coingabbar.com/en/crypto-blogs-english/risk-management-in-a-bear-market" rel="noopener noreferrer nofollow">bearish zone</a>, and the RSI indicator is barely below 50, indicating that the bears are now in charge.The hourly chart of SHIB/USD reveals that prices have formed a symmetrical triangle formation and are presently trading near the $0.000012 resistance level. The candlesticks are now trading below the 20 and 50-day moving averages, indicating a bearish trend.A descending triangle pattern is apparent on the 24-hour price chart, which is a bearish sign. The RSI indicator is now barely below 50, and the MACD indicator is in the bearish zone, indicating that the bears are in charge of the market.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/9e5ebff745e44887b6bdc063fb50a1d3.png" />In conclusion,<a href="https://www.coingabbar.com/en/crypto-currency/shiba-inu-shib-prices-usd" rel="noopener noreferrer nofollow"> the Shiba Inu price analysis </a>reveals that the bulls have been attempting to drive prices up but have so far been unsuccessful. The market is expected to remain unpredictable as bulls and bears compete for dominance.Read also: <a href="https://www.coingabbar.com/en/crypto-currency-news-english/bitcoin-price-analysis-will-bulls-survive-dollar-fibo-support-expected-lower-level" rel="noopener noreferrer nofollow">BITCOIN PRICE ANALYSIS : Will the bulls survive above $19500, as FIBO support is expected at a lower level?</a>

Bulls Attempt to Push SHIB Above $0.00001175 After Overnight Sell-Off

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