Shiba

Notable

Shiba Inu

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/shiba-inu-faces-volatile-price-movements-and-mixed-signals/" data-wpel-link="internal">Shiba Inu Faces Volatile Price Movements and Mixed Signals</a><br></p>
<p class="p1" style="text-align: justify"><strong><a href="https://en.coin-turk.com/shiba-inu-burns-over-75-of-tokens-in-24-hours-will-the-price-rise-investors-worried/" data-wpel-link="internal">Shiba</a></strong> Inu has been experiencing a volatile period recently, with mixed signals in medium and long-term charts. This comprehensive analysis examines the current price movement and technical indicators to provide <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> with a clear view and also <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">reviews</a> recent liquidation data to understand market sentiment and offer strategic recommendations for navigating the SHIB front.</p> 
<h2 class="p1" style="text-align: justify" id="shib-chart-analysis">SHIB Chart Analysis</h2> 
<p class="p1" style="text-align: justify"><strong>SHIB</strong> is currently experiencing high volatility without a clear direction. It hovers around the resistance level of $0.00002617 and finds support around $0.00002448. The immediate resistance level is $0.00002617. Breaking above this level could signal a short-term upward movement towards $0.00002944.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-358186 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/shib-5.webp" alt="" width="1536" height="849"></p> 
<p class="p1" style="text-align: justify">Conversely, the primary support level is $0.00002448, and a drop below this level could lead to further declines towards $0.00002327. SHIB is in a horizontal trend on the daily chart and is trading within the Ichimoku Cloud, indicating indecision.</p> 
<p class="p1" style="text-align: justify">The top of the Ichimoku Cloud indicates immediate resistance at $0.00003200. Breaking above this level could target $0.00004500. Conversely, the primary support is around $0.00002300, which coincides with the 100-day EMA and the lower boundary of the daily Ichimoku Cloud. Falling below this level could indicate a continuation of the bearish trend.</p> 
<h2 class="p1" style="text-align: justify" id="notable-data">Notable Data</h2> 
<p class="p1" style="text-align: justify">The chart shows the liquidations of Shiba Inu trading positions categorized as long (green bars) and short (red bars) over a certain period. On May 30th, there were sudden spikes in long liquidations, indicating significant downward pressure at that time.</p> 
<p class="p1" style="text-align: justify">Short liquidations are generally less frequent but saw notable increases, especially towards the end of May. Recently, the dominance of long liquidations indicates a bearish trend in the market. Investors expecting the <strong>SHIB</strong> price to rise were caught off guard by price drops, leading to the liquidation of long positions.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-358185 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/shib-liq.webp" alt="" width="1536" height="442"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/shiba-inu-faces-volatile-price-movements-and-mixed-signals/" data-wpel-link="internal">Shiba Inu Faces Volatile Price Movements and Mixed Signals</a></h5>

Shiba Inu Faces Volatile Price Movements and Mixed Signals

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