SHIB/USD set to dip further in the next 24 hours

TL;DR Breakdown

• The Shiba Inu price analysis is bearish today.
• Strong resistance at $0.00002779.
• The trading price of SHIB is $0.00002469.

The Shiba Inu price analysis shows a partly bearish trend in the marketplace, with the market heading towards a considerably more positive position, raising the cost of SHIB significantly. However, after crashing over the previous few hours, the market has recovered most of its lost value. As a result, on April 9, 2022; SHIB/USD is currently trading at $0.00002469, which is a considerable increase of 1.02% from the opening price of $0.00002435.

The market has seen a slight bullish trend over the past few hours, with the market seeing a slight uptick in prices. SHIB/USD is currently trading at $0.00002779, which is a slight increase of 1.37% from the opening price of $0.00002735. However, the market has seen a significant amount of selling pressure over the past few hours, which has driven prices down to the current level.

The market is currently facing strong resistance at the $0.00002779 level, which is preventing the market from moving higher. However, if the market can break above this resistance level, it is likely to head towards the $0.00002850 level. On the other hand, if the market fails to break above the $0.00002779 level, it is likely to fall back towards the $0.00002700 level.

The market is expected to see a relatively volatile day as the market has seen a considerable amount of buying pressure over the past few hours. However, the market is still facing strong resistance at the $0.00002779 level, which is preventing the market from moving higher.

As mentioned earlier, on April 9, the market is currently trading at $0.00002469, which is a slight increase of 1.02% from the opening price of $0.00002435. The market has seen a slight uptick in prices over the past few hours as the market heads towards a more positive position.

The market is expected to see a relatively volatile day as the market has seen a considerable amount of buying pressure over the past few hours. However, the market is still facing strong resistance at the $0.00002779 level, which is preventing the market from moving higher.

The Shiba Inu price analysis shows that the market is currently in a bullish trend as prices continue to rise. However, the market is still facing strong resistance at the $0.00002779 level, which is preventing the market from moving higher. If the market can break above this resistance level, it is likely to head towards the $0.00002850 level.

SHIB/USD 4-hour analysis: Recent developments

The SHIB/USD price appears to be crossing above the Moving Average curve, indicating an upswing in the market. Furthermore, the price looks to be rising, suggesting that more people are taking bitcoin as a payment method.

SHIB/USD 4-hour price chart source: TradingView

The Shiba Inu price analysis reveals a stable cryptocurrency with an RSI score of 48, which indicates that the market is stable. Furthermore, the RSI falls within the neutral middle range. As a result, when taking a linear approach, it indicates an increasing market and represents buying activity exceeding selling activity, resulting in an increase in the RSI.

The market is currently in a bullish trend as prices continue to rise. However, the market is still facing strong resistance at the $0.00002779 level, which is preventing the market from moving higher. If the market can break above this resistance level, it is likely to head towards the $0.00002850 levelellers are currently in control of the market as the market is still facing strong resistance at the $0.00002779 level. If the market can break below this level, it is likely to head towards the $0.00002700 level.

Shiba Inu price analysis for 1-day: Market volatility decreases

The Shiba Inu price analysis reveals that the market is currently in a bullish trend as prices continue to rise. However, the market is still facing strong resistance at the $0.00002779 level, which is preventing the market from moving higher. If the market can break above this resistance level, it is likely to head towards the $0.00002850 level.

SHIB/USD 1-day price chart source: TradingView

The market is expected to see a relatively volatile day as the market has seen a considerable amount sellers are currently in control of the market as the market is still facing strong resistance at the $0.00002779 level. If the market can break below this level, it is likely to head towards the $0.00002700 level.

Shiba Inu Price Analysis Conclusion

The Shiba Inu price analysis reveals the market following a partial bearish movement, showing consistent dynamics. As a result, the market offers massive room for conservation of the bullish trend. As a result, the bulls might pull off a long-term regime which may be highly beneficial to the Shiba Inu cryptocurrency.

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