The SHIBANU price is still under downtling pressure amid weak performance in the broader cryptocurrency market. After this declining trend, approximately 77 % of SHIB holders in losses, with no profitability of the market morale.
The SHIB price is trading at the lowest weekly level at 0.0000153 dollars today after a decrease of 3.55 % in 24 hours. The data on the chain reveals a major resistance area, which can spark its upper reflection.
700T underwater SHIB holders in this main resistance area: Why do it matter?
According to InTothheblock Data, the addresses that bought 757 trillion graying were purchased above $ 0.000016 are “outside the money”. Of this amount, 637 trillion are purchased, or 84 % of underwater, between $ 0.000016 and 0.000024 dollars.
The level of $ 0.000018 approaches or the Aqaba cleansing 0.000022 dollars will make the majority of the underwater SHIB bearers to be profitable again. Thus, $ 0.000018 to $ 0.000022 is a major resistance area that must be overcome to resume Shiba Inu to resume the upper direction.
The upper trend mentioned above is that these investors do not book profits in Breakeven.
Is the price of Shiba Eno about to be completed?
Analysts are optimistic Shayb price today Despite the last decrease to its lowest weekly levels. According to Viprosetr, SHIB shows signs of an upper reflection after recovering from a major accumulation area between $ 0.000012 and 0.000014 dollars.
If SHIB continues to trade over this support area, the analyst notes that it can target the following resistance area at 0.00002338 dollars, with a continuous march to pay the price to a multiple months of months of $ 0.0000365.
Another analyst, Javon Marx, and also Add Shayb has broken down the falling shed pattern. This style usually indicates a bullish reflection, as the analyst believes that Meme can rise by 422 % to its highest level ever at $ 0.00008841.
Despite this ascension Shiba Inu price expectationsThe daily graph shows that the bears remain in control.
The sellers continue to weigh the gray hair
The SHIBANU scheme for one day shows that SHIB is still under downtown pressure, with the RSI decrease to 36. If the regional conference indicators continue to fall and strike the sales levels, it may represent a shift of the SHIB price. However, breach of support at 0.0000145 can extend the declining direction.
In addition, the MACD is heading to the bottom of the signal line, indicating that the trend remains a decline.
The sellers may continue to influence the SHIBANU price to make decisive achievements after a region of $ 0.000018, and at this stage many of their holders will start to become pulp again. This outbreak can transform market morale.
Related questions (common questions)
The main level to watch the SHIBA Inu price ranges between $ 0.000016 and $ 0.000024, with 84 % of the current losses of the losses.
A large number of portfolios that sit in losses can cause negative spirits and discourage the market confidence around Shayb.
Rsi Shiba Inu is 36 years old and is close to sales levels. If less than 30 decreases, this may lead to a reflection of the direction while exhausting the sellers.
Metouni
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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