Get started

SHIBUSDT

SHIBUSDT RejectedShiba Inu (SHIB) recorded its lowest historical price (ATL) a few days ago on the Binance chart. This downward trend began with a break of the descending trendline, and today the price retested that trendline with forceful rejection, causing a price drop. In my opinion, Shiba Inu may find support within this price range and break the descending trendline again. However, the current market trend doesn't seem particularly promising. The best course of action would be to wait for price stabilization and the breaking of resistances. The main resistance is indicated by the yellow color on the chart, which was previously a historical support but has now become a strong resistance.
by Madoir
shiba ---> a downward possibilityhello guys... as you can see on the chart, shibusdt has been made a symmetrical triangle in a daily timeframe. also in a lower time frame like 4h, you can see a QUSIMODO pattern as well, in my opinion, in a lower time frame, this specific coin is going to make an upward movement, however, the main move especially in a higher time frame is bearish. I'll update this analysis because it took time to do my forecast and maybe some unpredictable things happen! _______________________________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
36
SHIBA after the retest 🚀🚀Hello 🐋 Based on the chart the price is close to the major support and in the triangle pattern ✔️ beside we expect to see gain and pump from here ✔️ and even the range market and many range candlesticks are acceptable scenario too 📖💡🚀 👌 Notice: pay attention to the price on shortcut chart (located under the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
by MadWhale
10
SHIBUSDT.1DHello dear friends, *Mars Signals Team wishes you high profits* This is a one day time frame analysis for SHIB USDT.1D We are in the daily time frame. As you can see, the price has become a support after hitting the first support zone. If it can move above our support line, we expect an increase to the first resistance zone. But if it penetrates and stabilizes below our first support line, we expect more fall. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
Navigating the Waves: A SHIB AnalysisThe dynamic world of cryptocurrency is full of surprises and SHIBA INU (SHIB) is no exception. Looking at the one-hour time frame chart, the zero Fibonacci level stands at 0.00000700. When shifting our view to the four-hour time frame, Fibonacci level of 1.618 reads 0.00000726, followed by the 2.618 level at 0.00000777. This higher Fibonacci level appears to present a firm resistance point. With the Bollinger Bands, the upper limit is at 0.00000747, the middle at 0.00000709, and the lower boundary at 0.00000671. The stochastic oscillator and RSI sit at 79 and 76 respectively, suggesting a potentially overbought market. The On Balance Volume (OBV) stands at a staggering 316 trillion, while the Moving Average Convergence Divergence (MACD) clocks in at 0.00000613. At the time of this analysis, SHIBA INU trades at 0.00000742, reflecting a 24-hour price change of approximately 8%. Looking at these indicators, the short-term outlook for SHIBA INU (SHIB) seems bullish. The market price surpassing the middle Bollinger Band and a robust OBV suggest a strong buying pressure. However, the high RSI warns of an overbought market and a potential pullback. Even though such conditions often lead to a minor price drop, this is generally a natural part of a bullish trend and doesn't necessarily signal a market downturn. Nevertheless, given the inherent volatility of cryptocurrencies, this interpretation is based on current data and might change with incoming market news, major financial events, or changes in market sentiment. Crypto trading is as much about risk management as it is about seizing opportunities. The market can remain irrational longer than a trader can stay solvent. Consistent profitability isn't about making the right call on every single trade; instead, it’s about making informed decisions over time. As traders, we must stay vigilant, keep adjusting our strategies according to market behavior, and always trade responsibly.
by ShawnMCR
1
SHIB Shiba Inu Whales are Selling !If you haven`t bought SHIB here: Or sold it here: Then you should know that another notable transaction was reported on June 9 by Blockchain tracker Whale Alert, involving the transfer of 4 trillion Shiba Inu tokens to Binance. This transfer, worth $31.7 million, incurred a minimal fee of only $1.78 before the price of Shiba Inu experienced a decline. Following the transaction, there have been various reactions from market participants, with some highlighting that it resulted in a 1% increase in Shiba Inu's circulating supply to 578.9 trillion tokens. It appears that whales are engaging in selling activities. My price Target for SHIB is $0.00000500. Looking forward to read your opinion about it!
Short
by TopgOptions
3
SHIB Continues Downward TrendDue to the continued selling pressure in the market, SHIB continued its downward trend within a specific range. This trend persisted even after breaking the bottom of the channel, eventually reaching its lowest historical range at the price of 0.0000055 to 0.0000060 dollars. It is worth noting that this range served as the bottom of a channel range in 2020, where Shiba experienced remarkable growth of over 1000% due to increased demand within that range. However, the recent price action has brought about significant developments. The level between $0.0000070 and $0.0000078, which was a previously strong support, was broken by a strong bearish candle. As a result, this level has now turned into a resistance. If the price reaches this range, a negative reaction is expected. Furthermore, there was a notable 20% reaction within the support range mentioned earlier. This indicates that both the power of buyers and sellers were substantial, suggesting the potential formation of a range channel between the considered levels. The RSI level, currently at 19, further supports the negative sentiment surrounding SHIB. An RSI value below 30 indicates oversold conditions, suggesting that SHIB may be undervalued and due for a potential price correction or reversal. Therefore, while the possibility of a price rebound or shift in sentiment exists, as oversold conditions can sometimes lead to buying interest and subsequent recovery, it is important to note that the overall trend remains negative. There has been no observed change in the trend to an upward mode, and the momentum remains decidedly negative.
by MonoCoinSignal
2
SHIB: Falling Wedge BreakoutShiba Inu (SHIB) technical analysis: Trade setup : Bearish breakout from Falling Wedge pattern, price made a new Lower Low, which confirms a downtrend. It’s also broken below $0.000008 support level that held up back in late 2023. However, it is very oversold (RSI < 25) near $0.0000055 support area and could bounce up near term. Notice that price actually reached that level (daily low point) and bounced up. It’s a higher risk swing trade setup since overall trend is down. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $0.0000055. The nearest Resistance Zone is $0.0000080 (previous support), then $0.0000100, and $0.00001200.
Long
by altFINS
1
SHIB is about to reach a recent low !SHIB is about to reach a recent low ! This figure shows the weekly candle level chart of SHIB from the beginning of 2022 to the present. The graph overlays the high points and their connections from the past year and a half, as well as the horizontal lines of the bullish starting positions after the end of mid June 2022! As shown in the figure, due to the negative news in recent days, SHIB has retreated to the key support level, which is below the long start level (0.000008030) after the end of mid June 2022! So, once the daily closing of SHIB is below this position for three consecutive trading days, the space below will open, and it is likely to hit a new low in the past year and a half!
by Think_More
Resistance Breakout Challenge and Downward Trend ReturnThe SHIB token has encountered difficulty in surpassing the resistance level in recent weeks, failing to achieve a decisive breakout above the $0.00000890 threshold. Ideally, a confirmation candle should have followed this breakthrough, but instead, a notably bearish candle emerged. Consequently, the overall downward trend of Shiba Inu has persisted, leading it back to the lower boundary of a short-term descending channel within the $0.00000780 range. Maintaining support within the crucial $0.00000780-$0.00000700 range is of utmost significance for Shiba Inu, as successfully doing so could facilitate a robust recovery for the cryptocurrency. Presently, the price remains approximately 12% above the lowest point of this support range. However, a breach of this support level, as previously mentioned, would indicate an extended period of decline for Shiba Inu. Should Shiba Inu demonstrate positive responses at its current support level, there is potential for growth following the establishment of a range-bound trend.
by MonoCoinSignal
10
Shiba Inu SHIB and the US Debt CeilingNegotiators from Democratic and Republican parties finalized an agreement on Sunday night. Instead of raising the limit to a specific level, they have opted to suspend it entirely until 2025. This strategic move ensures that their bills can be paid until that date, while also guaranteeing that the next battle to raise the ceiling will not coincide with the upcoming presidential election. The resolution of the debt ceiling issue brings optimism and stability to the financial landscape, which has a positive ripple effect on the cryptocurrency market. Bitcoin and the broader crypto market stand to benefit from increased investor confidence, reinforced safe-haven status, enhanced institutional adoption, regulatory clarity, and the overall positive impact on global markets. SHIB/USDT Entry Range: $0.00000800 - 0.00000910 Price Target 1: $0.00000990 Price Target 2: $0.00001100 Price Target 3: $0.00001260 Stop Loss: $0.00000700
Long
by BuySellMarketMaker
Could SHIBUSD outperform BTC after potential bounce back?Are you tired of hearing about Bitcoin's ups and downs? Let's talk about something more exciting - the SHIBA INU bounce back! So why should you care? For starters, SHIBA INU has been making waves in the metaverse. That's right; there's a whole Shiba Inu universe out there waiting for you to explore. From NFTs to gaming, the possibilities are endless. And let's not forget about the community. The Shiba Inu community is one of the most passionate and dedicated groups. They've even donated millions to various charities, including COVID-19 relief efforts. So what are you waiting for? Don't miss out on the SHIBA INU hype train. Instead, join the community, explore the metaverse, and see why this little pup is giving Bitcoin a run for its money.
S
by bryandowningqln