Shiba

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Shiba Inu

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  <h3 class="wp-block-heading the-subtitle" id="story-highlights">Story Highlights</h3>   
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   <li>SHIB memecoin fails to retest its March 2024 high.</li>   
   <li>A bullish reversal could push the price toward its crucial resistance of $0.000030.</li>   
   <li>The daily SMA indicator acts as a support, but the RSI indicator records a steep decline.</li> 
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<p>With Bitcoin price recording a drop of ~1% in the past 24 hours, the crypto market has recorded a mixed price sentiment. Moreover, some tokens have recorded a double-digit drop within hours. This highlights increased price volatility in the crypto space.</p>   
<p>Following this, the SHIB price has failed to break out of its important resistance level of $0.00003080. Amid ongoing pullback, are you planning to invest in this memecoin before it slingshots toward a new ATH?&nbsp;</p>   
<h2 class="wp-block-heading" id="h-shib-memecoin-fails-to-retest-its-crucial-resistance-level">SHIB Memecoin Fails To Retest Its Crucial Resistance Level!</h2>   
<p>After recording a meteoric price action over the past week, the Shiba Inu price has experienced a significant pullback in its valuation this week. Notably, it has dropped 12.56% in the past day and 20.53% over the past 48 hours.</p>   
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 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/13174932/image-216-1024x542.png" alt="Shiba Inu Price Analysis 13th November 2024" class="wp-image-379374">
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  TradingView: SHIB/USDT
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<p>The Simple Moving Average (SMA) displays a constant support to the Shiba Inu price chart in the 1D time frame. This indicates an increase in the buying-and-selling pressure for the meme coin in the market.</p>   
<p>However, the RSI indicator has experienced a sharp drop with its average trendline recording a high possibility of a bearish convergence in the price chart. This suggests a mixed price sentiment for the SHIB crypto token.</p>   
<h2 class="wp-block-heading" id="h-will-shib-price-rise-back-up">Will SHIB Price Rise Back Up?</h2>   
<p>If the bulls maintain the Shiba Inu price above its support level of $0.00002350, this could result in the memecoin retesting its resistance level of $0.00003080. If the bullish sentiment sustains, the SHIB price could head toward its upper resistance level of $0.0000380.</p>   
<p>On the other hand, if the bears continue gaining momentum, this memecoin will break its support trendline of $0.00002350 and plunge toward its lower support trendline of $0.000170 during the upcoming time.</p>   
<p>To understand the possibilities of the memecoin achieving the target price of $0.0001, Read our <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/" target="_blank" rel="noreferrer noopener">Shiba Inu Price Prediction</a>!</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
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  <strong class="schema-faq-question"><strong>What is the price of Shiba Inu right now?</strong></strong> 
  <p class="schema-faq-answer">With a 24-hour change of -12.56%, this crypto token is currently valued at $0.00002414.</p> 
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 <div class="schema-faq-section" id="faq-question-1731500354259">
  <strong class="schema-faq-question"><strong>What is the crucial support level of SHIB?</strong></strong> 
  <p class="schema-faq-answer">The crucial support level of this memecoin is $0.0000170 and it’s yearly low of $0.00000822.</p> 
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 <div class="schema-faq-section" id="faq-question-1731500354973">
  <strong class="schema-faq-question"><strong>How high can a Shiba Inu realistically go?</strong></strong> 
  <p class="schema-faq-answer">With a potential surge, the SHIB coin price may achieve a high of $0.000040 this year.<br></p> 
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Shiba Inu Records Pullback, SHIB Price To Retest $0.000020?

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