Shiba

2024

Shiba Inu

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   Jan 27, 2024 at 20:26 // 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/08f/900_900_1/pr1i55hlfwproh3x13lod2m7fg7x3yjy.jpg" width="900" height="563" alt="" title="">
 <p><strong>The price of Shiba Inu (SHIB) has fallen below the moving average lines but is holding above the $0.00000833 support. Coinidol.com bringing the latest price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> of SHIB coin.<br> </strong></p>
 <h2 style="text-align: justify;" id="long-term-forecast-for-the-shiba-inu-price-bearish">Long-term forecast for the Shiba Inu price: bearish</h2>
 <p style="text-align: justify;">The cryptocurrency has ended its downtrend above the current support. The existing support has been maintained since January 3, 2024. The four candlestick tails signal significant buying pressure near the $0.00000833 support. SHIB&nbsp;is now trading sideways after the decline ended on January 3, 2024. SHIB/USD is now trading between $0.00000850 and $0.00001000. The value of the altcoin currently stands at $0.00000909.</p>
 <p style="text-align: justify;">Meanwhile, the altcoin is rising as it approaches the $0.00001000 resistance level. The altcoin will continue to rise if the price breaks above the moving average lines or the resistance of $0.00001000.</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 remain below the moving average lines as the cryptocurrency continues its sideways movement. On the 4-hour chart, the price bars are embedded between the moving average lines. This indicates a likely movement within a range.</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> <b> </b>
 <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. 27.jpg" src="https://cdn.thebittimes.com/images/2024/01/28/774a44321066cd95c06075bf8afc7c68.webp" height="522" title="SHIBUSD_(Daily Chart) – Jan. 27, 2024"><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's decline has slowed down as it remains above the $0.00000833 support. SHIB's current price range is between $0.00000850 and $0.00001000. On the 4-hour chart, the cryptocurrency is rising but is trapped between the moving average lines. SHIB will resume its rise if buyers keep the price above the resistance at $0.00001000.</p>
 <p style="text-align: justify;"><img width="1024" alt="SHIBUSD_(4- Hour Chart) – Jan.27.jpg" src="https://cdn.thebittimes.com/images/2024/01/28/a1ae1141c6ba11deb1ca26a88382e96b.webp" height="522" title="SHIBUSD_(4- Hour Chart) – Jan.27, 2024"><br></p>
 <p style="text-align: justify;">On January 20 SHIB was trading below the moving average lines at 0.00000890 and 0.00001000, as reported by Coinidol.com.</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-stops-its-downtrend-and-stays-above-0-00000850-tbt77986.html">https://thebittimes.com/shiba-inu-stops-its-downtrend-and-stays-above-0-00000850-tbt77986.html</a></p>

Shiba Inu Stops Its Downtrend And Stays Above $0.00000850

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