Shiba

Cryptocurrency

Shiba Inu

<ul>
 <li>#<a href="https://www.coingabbar.com/en/crypto-currency/shiba-inu-shib-prices-usd" title="Shiba Inu" class="f-link" rel="noopener noreferrer nofollow">Shiba Inu</a> attempted to surpass $0.000030000 but failed, resulting in a retreat and formation of a Double Top Pattern.</li>
 <li>Following a recent sell-off, bearish sentiment prevails as sell signals weigh on SHIB's price rally.</li>
 <li>In early March, a surge in buying pressure caused a 250% price spike on the platform.</li>
 <li>However, a subsequent substantial sell-off slashed prices by over 53%.</li>
 <li>$SHIB broke its long-term resistance trendline but couldn't sustain its breakout rally.</li>
 <li>Despite this setback, the Shiba Inu price trend reversed its pattern of lower highs with a double bottom formation, indicating renewed buyer interest.</li>
 <li>The RSI is nearing oversold conditions without any bearish divergence.&nbsp;</li>
 <li>Moreover, the Ichimoku cloud recently turned bearish after the conversion line crossed below the baseline.</li>
 <li>According To <a href="https://www.coingabbar.com/en/price-prediction" title="Coingabbar analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar analysis</a>, As the price breached its range, it may decline towards nearby support levels at approximately $0.0000183, with a near-term rebound unlikely.</li>
 <li>Maintaining above $0.0000183 could pave the way for a potential breakout above resistance at $0.000025.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $0.00002350-$0.00002650
SUPPORT LEVEL : $0.00001830-$0.00001150
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Shiba Inu Price Prediction: A Setback or a Chance to Buy Low

Coingabbar

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