{"id":3087886,"date":"2024-01-27T15:26:00","date_gmt":"2024-01-27T20:26:00","guid":{"rendered":"https:\/\/wordpress-1016567-4521551.cloudwaysapps.com\/plato-data\/shiba-inu-stops-its-downtrend-and-stays-above-0-00000850\/"},"modified":"2024-01-27T15:26:00","modified_gmt":"2024-01-27T20:26:00","slug":"shiba-inu-stops-its-downtrend-and-stays-above-0-00000850","status":"publish","type":"station","link":"https:\/\/platodata.io\/plato-data\/shiba-inu-stops-its-downtrend-and-stays-above-0-00000850\/","title":{"rendered":"Shiba Inu Stops Its Downtrend And Stays Above $0.00000850"},"content":{"rendered":"
\n
Jan 27, 2024 at 20:26\t\t\t\t\t\t\t\t \/\/ Price<\/a>\n\t \t\t <\/div><\/div>\n

\t \t\t <\/p>\n

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 analysis of SHIB coin.
<\/strong><\/p>\n

Long-term forecast for the Shiba Inu price: bearish<\/h2>\n

\n\t 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<\/a> 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.\n<\/p>\n

\n\t 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.\n<\/p>\n

\nAnalysis of the Shiba Inu indicator <\/h2>\n

\n\t 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.\n<\/p>\n

\nTechnical indicators <\/h3>\n

\n Key resistance levels: $0.00001200, $0.00001300, $0.00001400 <\/b>\n<\/p>\n

<\/b><\/p>\n

\n
\n\tKey support levels: $0.00000600, $0.00000550, $0.00000450<\/b>\n<\/p>\n

\n \"SHIBUSD_(Daily
<\/b>\n<\/p>\n

\nWhat is the next move for Shiba Inu? <\/h2>\n

\n\t 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.\n<\/p>\n

\n \"SHIBUSD_(4-<\/p>\n

\n\t On January 20 SHIB was trading below the moving average<\/a> lines at 0.00000890 and 0.00001000, as reported by Coinidol.com.\n<\/p>\n

\n Disclaimer. This analysis 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>\n<\/p>\n