Shiba Inu (SHIB) has experienced significant volatility lately. In the past week, its price dipped by 23.46%. Over the last month, it decreased by 13.15%. However, looking at the past six months, SHIB saw a rise of 19.81%. This mix of short-term declines and longer-term gains highlights the coin’s unpredictable nature.
Currently, SHIB is trading between $0.00002396 and $0.000032. The nearest resistance level is $0.00003614, and the closest support level is $0.00002006. If the price breaks above the resistance, it could target the second resistance at $0.00004418, representing a substantial percentage increase. On the downside, falling below the support might see the price testing the second support level at $0.00001202.
Technical indicators offer more insights. The 10-day simple moving average is $0.00002187, below the 100-day average of $0.00002547. The Relative Strength Index (RSI) stands at 32.79, while the Stochastic is at 28.66, both suggesting that SHIB is approaching oversold territory. The MACD level is negative at -0.0000006701, indicating bearish momentum. These factors might imply potential for a price reversal or further decline, making SHIB a coin to watch closely.