Shiba

Shiba Inu

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   Dec 30, 2023 at 23:41 // 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/3b0/900_900_1/8exvse23dul1ticx1k7rolr9vmc3ii5b.jpg" width="900" height="563" alt="" title="">
 <p><strong>The price of Shiba Inu (SHIB) has fallen above the 21-day SMA. Price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com.</strong></p>
 <h2 style="text-align: justify;" id="shiba-inu-shib-price-long-term-prediction-bullish">Shiba Inu (SHIB) price long term prediction: bullish</h2>
 <p style="text-align: justify;">The price of Shiba Inu fell after its rejection on December 17. On December 23, buyers tried to push the price to a high of $0.00001127 but failed.</p>
 <p style="text-align: justify;">The current rise in crypto price is expected to increase if it stays above the 21-day SMA. SHIB is expected to rise and retest its recent high of $0.00001187. The uptrend will end if the bearish momentum falls below the 21-day SMA and bearish momentum. The altcoin will first drop to a low above the 50-day SMA or $0.00000950. In the meantime, the price of the cryptocurrency hovers above the moving average lines.</p>
 <h2 style="text-align: justify;" id="analysis-of-the-shiba-inu-indicator">&nbsp;Analysis of the Shiba Inu indicator</h2>
 <p style="text-align: justify;">After the current drop, the price bars of SHIB are above the moving average lines. The price bars on the 4-hour chart are below the moving average lines, indicating that the cryptocurrency will continue to fall. The altcoin is also suffering from overbought conditions at its high of $0.00001150. Sellers have emerged in the overbought area as the value of cryptocurrencies declines.</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.29.jpg" src="https://cdn.thebittimes.com/images/2023/12/31/8c2f0360be9c06c44004dee38762ad32.webp" height="491" title="SHIBUSD_(Daily Chart) – Dec.29, 2023"><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/USD's recent rally is in jeopardy as the altcoin falls above the 21-day SMA. The market will move between the 21-day SMA and resistance at $0.00001150 if the current support holds. Today, the long candle tails are pointing downwards, suggesting that the cryptocurrency could be under heavy buying pressure.</p>
 <p style="text-align: justify;"><img width="1024" alt="SHIBUSD_(4- Hour Chart) – Dec.29.jpg" src="https://cdn.thebittimes.com/images/2023/12/31/6fed45c44ffd536f4898258bc46304a7.webp" height="491" title="SHIBUSD_(4- Hour Chart) – Dec.29, 2023"><br></p>
 <p style="text-align: justify;"><i>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.</i></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-is-in-danger-of-losing-its-0-00001000-support-tbt75209.html">https://thebittimes.com/shiba-inu-is-in-danger-of-losing-its-0-00001000-support-tbt75209.html</a></p>

Shiba Inu Is In Danger Of Losing Its $0.00001000 Support

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TheBitTimes

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