Will SHIB Sustain For Rebound?

Shiba Inu price prediction showcases the recovery of Shiba Inu price from its own ashes mimicking the phoenix bird from Greek Mythology. SHIB crypto must sustain at the resistance level in order to maintain its recovery over the daily time frame chart. Shiba Inu coin price has returned from the 20-EMA line and has been experiencing short selling pressure from today’s opening of trading session.

Shiba Inu coin price must accumulate buyers in order to recover over the charts. However, currently sellers are over powering the situation to pull SHIB back towards the lowest level.

Shiba Inu price was at $0.00000711 and has lost 4.30% of its market capitalization during the day’s trading session. Trading volume has decreased by 15.37% during the intraday trading session. This demonstrates that sellers are present in the trade to short the market for SHIB cryptocurrency. Volume to market cap ratio was at 0.0313.

Why do Technical Indicators Highlight Divergence?

Shiba Inu price prediction indicates that the price of the Shiba Inu coin has been attempting to maintain itself above the main support level of $0.00000698. Bulls have been trying to force the price of Shiba Inu over the main resistance level, but they were unable to do so and failed at the 20-day EMA.

Shiba Inu coin value is currently attempting to retrace its steps towards the 20, 50, 100, and 200-days Daily Moving Averages. Shiba Inu price prediction, Shiba Inu coin price prediction, Shiba Inu coin price prediction 2025, and last but not least, Shiba Inu price prediction 2030 all support a recovery of Shiba Inu price towards the recovery level of $0.1 if Bitcoin, the market leader in cryptocurrencies, surges to $50000 price level.

Shiba Inu prices, meanwhile, have fallen by around 17.90% in a month and 32.54% over the past three months. In addition, the price of Shiba Inu stock has increased by about 7.56% over the past week.

Shiba Inu prices appear to be diverging on the daily time frame chart, according to technical indicators. The relative strength index shows how quickly the price of Shiba Inus is declining. At 38, the RSI was approaching oversold territory.

On the other hand, MACD shows the SHIB cryptocurrency’s increasing momentum. A positive crossover has occurred as a result of the MACD line crossing the signal line upward. Wait until the price of Shiba Inu explodes out of the main resistance level before investing in the cryptocurrency or the SHIB army.

Summary

Shiba Inu price prediction showcases the recovery of Shiba Inu price from its own ashes mimicking the phoenix bird from Greek Mythology. Shiba Inu price was at $0.00000711 and has lost 4.30% of its market capitalization during the day’s trading session. Shiba Inu prices, meanwhile, have fallen by around 17.90% in a month and 32.54% over the past three months. A positive crossover has occurred as a result of the MACD line crossing the signal line upward.

Technical Levels

Support Levels: $0.00000652 and $0.00000578

Resistance Levels: $0.00000743 and $0.00000788

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing