Coinidol.com cryptocurrency analysts report that the price of Shiba Inu (SHIB) remained stable above the support level of $ 0.00001950 despite a fall below the movable average lines.
Long -term Shiba Inu price forecast: lowering
The decline stopped above the support of $ 0.0000,1950 while the Altcoin resumed its consolidation. The Altcoin is exchanged above the support of $ 0.0000,1950 and below the resistance of $ 0.00002,400. On the positive side, the barrier of $ 0.00002,400 stopped the Haussier movement three times.
On the other hand, Shib should drop again, but the bruises defend the current support at $ 0.0000,1950. If the current support is broken, Shib will fall at the Fibonacci 2.0 extension level or at least $ 0.00001429. In the meantime, Altcoin is currently worth $ 0.0000,1998.
Analysis of Shiba Inu indicators
The Doji candlesticks dominate the activity of the prices of the shib and slow it down. Altcoin should decrease because the price bars are lower than the medium mobile lines. The domination of the DOJI candlesticks slowed down the sale.
Technical indicators
Key resistance levels: $ 0.00002800, $ 0,00002,900, $ 0.00003,000
Key support levels: $ 0,00002,200, $ 0,00002,000, $ 0,00001,900
What is the next step for Shiba Inu?
Shib/USD has stabilized above the support level of $ 0.00001950 since January 19. The mobile average line over 21 days hinders the bullish movement on the 4 -hour graph. The Altcoin is negotiated in a limited range, above the support of $ 0.0000,1950 but below the medium mobile lines. A break over the 21-day SMA resistance would signal an increase in prices. A rejection of the highest SMA of 21 days will force the cryptocurrency to fall.
Non-liability clause. This analysis and these forecasts are the personal opinions of the author. They do not constitute a recommendation to purchase or sell cryptocurrency and should not be considered as an approval from Coinidol.com. Readers should do their research before investing in funds.