Shiba

Cryptocurrency

Shiba Inu

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   Nov 25, 2023 at 11:42 // 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/da5/900_900_1/kl9vo5ud3p8rbh5uestx47qju8b2c3jr.jpg" width="900" height="563" alt="Shiba Inu will trade between the moving average lines for a few days" title="">
 <p><strong>Cryptocurrency analysts of Coinidol.com report, Shiba Inu (SHIB) price is falling after being rejected at a high of $0.00000950.</strong></p>
 <h2 id="span-style-text-align-justify-shiba-inu-price-long-term-forecast-bearish-span"><span style="text-align: justify;">Shiba Inu price long term forecast: bearish</span></h2>
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 <p style="text-align: justify;">The uptrend has ended as the altcoin has fallen below the moving average lines. The decline was halted above the 50-day SMA as the bulls bought the dips. SHIB is currently trading above the 50-day simple moving average but below the 21-day simple moving average. At the time of writing, it is trading at $0.00000819. Nevertheless, the price indicator suggests that the cryptocurrency will continue to fall. Should the bears break below the 50-day SMA, the market will drop to a low of $0.00000670. In the meantime, the altcoin will move between the moving average lines until the moving average lines are crossed.</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;">The price of the cryptocurrency has been stuck between the moving average lines during its decline. During the price decline on November 21, the 50-day SMA supported the cryptocurrency value as it resumed positive momentum. The moving average lines on the 4-hour chart are moving south, signaling a decline.</p>
 <p style="text-align: justify;"><img width="1024" alt="SHIBUSD_(Daily Chart) – Nov. 24.23.jpg" src="https://cdn.thebittimes.com/images/2023/11/25/452b64215f392c611cd6bfdeb945b1b6.webp" height="523" title="SHIBUSD_(Daily Chart) – Nov. 24.23.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 moving average lines have prevented the cryptocurrency from growing. With this in mind, the price is resilient at $0.00000830. The cryptocurrency will trade between the moving average lines for a few days. SHIB could fall to the downside as the uptrend meets resistance at the recent high.</p>
 <p style="text-align: justify;"><img width="1024" alt="SHIBUSD (4 Hour Chart) – Nov. 24.23.jpg" src="https://cdn.thebittimes.com/images/2023/11/25/c594b5be6c8feecfe50a24c0988068dc.webp" height="523" title="SHIBUSD (4 Hour Chart) – Nov. 24.23.jpg"><br></p>
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 <p style="text-align: justify;">As we reported on November 18, on November 11, the price of SHIB rose to a high of $0.00000961 before falling below the $0.00000910 resistance. Further gains are conceivable if the price of the cryptocurrency remains above the moving average lines.&nbsp;</p>
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 <p style="text-align: justify;"><i><span style="color: #a0a0a0;">Disclaimer. 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-signals-a-decline-after-another-rejection-at-0-00000830-tbt71605.html">https://thebittimes.com/shiba-inu-signals-a-decline-after-another-rejection-at-0-00000830-tbt71605.html</a></p>

Shiba Inu Signals A Decline After Another Rejection At $0.00000830

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