Shiba

Cryptocurrency

2024

Shiba Inu

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   Jan 20, 2024 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/4cf/900_900_1/lc01cie0nn0yyign2w5ipklnddyubwbd.jpg" width="900" height="563" alt="" title="">
 <p><strong>The cryptocurrency has retreated and is retesting the current support level of $0.00000890. According to price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com, the bears tested the current support three times as the cryptocurrency rose above it.</strong></p>
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 <h2 style="text-align: justify;" id="shiba-inu-price-long-term-prediction-bearish">Shiba Inu price long term prediction: bearish</h2>
 <p style="text-align: justify;">The cryptocurrency is currently trading below the moving average lines at 0.00000890 and 0.00001000. SHIB will resume its sideways movement if the existing support holds. The altcoin will rise and reach its previous high again. However, if the bears break below the current support, the market will drop to a low of $0.00000840.</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 price bars are below the moving average lines, but the selling pressure has eased. The moving average lines on both charts are sloping downwards, indicating a downtrend. SHIB is showing a bearish crossover with the 21-day SMA falling below the 50-day SMA. This offers traders the opportunity to sell.</p>
 <h2 style="text-align: justify;" id="technical-indicators">Technical indicators</h2>
 <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) – Jan. 19.jpg" src="https://cdn.thebittimes.com/images/2024/01/20/5a1faf620cc747cccd01f1559c4cef88.webp" height="491" title="SHIBUSD_(Daily Chart) – Jan. 19, 2024"><br> </b></p>
 <h2 style="text-align: justify;" id="what-s-next-for-shiba-inu">What's next for Shiba Inu?</h2>
 <p style="text-align: justify;">SHIB is bearish but above support at $0.00000890. Cryptocurrency price is recovering, with long candlestick tails indicating current support. The long candlestick tail signals significant buying pressure near $0.00000890.<br></p>
 <p style="text-align: justify;">On January 14, Coinidol.com reported that previously the moving average lines and resistance at $0.00001050 have resisted the upward correction.&nbsp;</p>
 <p style="text-align: justify;"><img width="1024" alt="SHIBUSD_(4- Hour Chart) – Jan.19 (1).jpg" src="https://cdn.thebittimes.com/images/2024/01/20/fa809980172e8b5df59de560ba621377.webp" height="491" title="SHIBUSD_(4- Hour Chart) – Jan.19, 2024"><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-recovers-amid-buying-pressure-above-0-00000890-tbt77188.html">https://thebittimes.com/shiba-inu-recovers-amid-buying-pressure-above-0-00000890-tbt77188.html</a></p>

Shiba Inu Recovers Amid Buying Pressure Above $0.00000890

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