Shiba

Cryptocurrency

Shiba Inu

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   Oct 28, 2023 at 10:30 // Price
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span>
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 </div> <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/96c/900_900_1/rvzz3bn0t9p4g3ic3hf0kvpuibtlkqp6.jpg" width="900" height="563" alt="Shiba Inu is still trading above the moving average lines" title="">
 <p><strong>Cryptocurrency price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> brought by Coinidol.com. The price of Shiba Inu (SHIB) rises when it breaks the moving average lines.</strong></p>
 <h2 style="text-align: justify;" id="shiba-inu-price-long-term-forecast-bullish">Shiba Inu price long-term forecast: bullish</h2>
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 <p style="text-align: justify;">Shiba Inu reached a high of $0.00000823 on October 26 before retreating. The altcoin is currently above the $0.00000700 support and is in a slight pullback. If the altcoin falls below the $0.00000750 support, it will dive into the range-bound zone. SHIB moved in a range of $0.00000660 to $0.00000750 during the previous price action, and at the moment, the extended candlestick wicks are the reason for the cryptocurrency's continued price rejection. At higher price points, the altcoin continues to encounter rejection. Meanwhile, the altcoin is still trading above the moving average lines.</p>
 <h2 style="text-align: justify;" id="shiba-inu-indicator-analysis">Shiba Inu indicator analysis</h2>
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 <p style="text-align: justify;">SHIB price bars were below the moving average lines during the price recovery. The cryptocurrency will continue to rise as long as the price bars are above the lines that represent the moving average. The price of the cryptocurrency is in danger of falling below the moving average lines. The moving average lines are trending upwards, which indicates that the current rally will continue.</p>
 <p style="text-align: justify;"><img width="988" alt="SHIBUSD_(Daily Chart) – OCT. 27.23.jpg" src="https://cdn.thebittimes.com/images/2023/10/28/0179b4b66435d3064e066cd74ab7277a.webp" height="581" title="SHIBUSD_(Daily Chart) – OCT. 27.23.jpg"><br></p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical indicators</h3>
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 <p style="text-align: justify;"><b>Key resistance levels: $0.00001200, $0.00001300, $0.00001400 </b></p>
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 <p style="text-align: justify;"><b> Key support levels: $0.00000600, $0.00000550, $0.00000450</b></p>
 <h2 style="text-align: justify;" id="what-is-the-next-move-for-shiba-inu">What is the next move for Shiba Inu?</h2>
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 <p style="text-align: justify;">The cryptocurrency asset has reached bullish exhaustion as it pulls back from its previous high. The altcoin has reached the target price level on the 4-hour chart. Buyers were unable to sustain bullish momentum above the current high, resulting in a decline above the moving average lines. If the current support holds, the uptrend will resume.</p>
 <p style="text-align: justify;"><img width="988" alt="SHIBUSD (4 Hour Chart) – OCT. 27.23.jpg" src="https://cdn.thebittimes.com/images/2023/10/28/3d81b7cac89df97e84e22af31376dede.webp" height="581" title="SHIBUSD (4 Hour Chart) – OCT. 27.23.jpg"><br></p>
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 <p style="text-align: justify;">As we reported on October 22, on October 9, the cryptocurrency plunged to a low of $0.000000672 and began a range-bound movement. The cryptocurrency is now trading between $0.00000670 and $0.00000710.&nbsp;</p>
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 <p style="text-align: justify;"><i><span style="color: #a0a0a0;"><b>Disclaimer.</b> This <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.</span></i></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-retraces-as-it-hits-its-prior-peak-of-0-00000826-tbt68223.html">https://thebittimes.com/shiba-inu-retraces-as-it-hits-its-prior-peak-of-0-00000826-tbt68223.html</a></p>

Shiba Inu Retraces as It Hits Its Prior Peak of $0.00000826

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