Shiba

Shiba Inu

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   Dec 23, 2023 at 10:19 // 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/26f/900_900_1/9dfseeuil99hc1u3jwyeg58l2o4mnf2z.jpg" width="900" height="563" alt="" title="">
 <p><strong>Shiba Inu (SHIB) prices have continued to rise after falling above the 21-day simple moving average on December 18. Price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com.<br> </strong></p>
 <h2 style="text-align: justify;" id="long-term-forecast-for-the-shiba-inu-price-bullish">Long-term forecast for the Shiba Inu price: bullish</h2>
 <p style="text-align: justify;">Shiba Inu has bounced back above the 21-day SMA support as it begins its uptrend. Since October 18, the price of the cryptocurrency has made a series of higher highs and higher lows. SHIB rose to a high of $0.00001172 on December 16, but then fell above the 21-day SMA. At this time, SHIB/USD is trading at $0.00001096.</p>
 <p style="text-align: justify;">The value of the cryptocurrency continues to rise. The price indicator predicts that the altcoin will reach the Fibonacci extension of 1.618 or $0.00001246.</p>
 <p style="text-align: justify;">The upward movement is now encountering the rejection of the resistance zone at $0.00001200. The targeted price level will be reached when the current resistance is overcome.</p>
 <h2 style="text-align: justify;" id="analysis-of-the-shiba-inu-indicator">Analysis of the Shiba Inu indicator</h2>
 <p style="text-align: justify;">The 12-day SMA serves as a support line while the price bars are above the moving average lines. The uptrend is indicated by the sloping moving average lines pointing north. The moving average lines on the 4-hour chart are horizontal due to resistance at $0.00001100.</p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical Indicators</h3>
 <p style="text-align: justify;"><b>Key resistance levels: $0.00001200, $0.00001300, $0.00001400</b></p>
 <p style="text-align: justify;"><b>Key support levels: $0.00000600, $0.00000550, $0.00000450</b></p>
 <p style="text-align: justify;"><b><img width="1024" alt="SHIBUSD_(Daily Chart) – Dec.22.jpg" src="https://cdn.thebittimes.com/images/2023/12/23/17e43f061eb9ec28aeae59ee8a3aad99.webp" height="551" title="SHIBUSD_(Daily Chart) – Dec.22, 2023"><br> </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>
 <p style="text-align: justify;">The altcoin is now in a range, with the current uptrend having faded after the December 6 spike. The altcoin is currently trading between $0.00000950 and $0.00001100. The altcoin is currently on the retreat as it approaches the $0.00001100 level, which is resistance. If both the resistance and support levels are broken, the market will re-enter the trend.</p>
 <p style="text-align: justify;"><img width="1024" alt="SHIBUSD_(4- Hour Chart) – Dec.22.jpg" src="https://cdn.thebittimes.com/images/2023/12/23/e964cf380b514292df310452fc86bce1.webp" height="551" title="SHIBUSD_(4- Hour Chart) – Dec.22, 2023"><br></p>
 <p style="text-align: justify;"><i><span style="color: #959595;">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 the 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-s-upward-trend-continues-and-struggles-with-the-0-00001100-barrier-tbt74609.html">https://thebittimes.com/shiba-inu-s-upward-trend-continues-and-struggles-with-the-0-00001100-barrier-tbt74609.html</a></p>

Shiba Inu's Upward Trend Continues And Struggles With The $0.00001100 Barrier

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