The Shiba Inu is facing selling pressure
#SHİB
Shiba Inu Long Term Price Forecast
Shiba Inu price momentum reached a high of $0.00002943 but stalled. Buyers were unable to maintain the buying momentum above the $0.000030 level.
SHIB will reach a high of $0.000033 if the uptrend continues. However, the price of the cryptocurrency fell. It is trading in a price range of 0.00002200 to 0.00002800 USD.
On the positive side, the current range will end if buyers keep the price above $0.00002800. Today, SHIB stock fell above the moving averages and was valued at $0.00002539.
On the other hand, the price of the Shiba Inu will decline if it loses the current support level of $0.00002200 USD.
Shiba Inu Index Analysis
The cryptocurrency price has returned above the moving averages. The upward trend for Shiba Inu will continue if support is found on the moving averages.
Selling pressure will return if the price drops below the moving averages on the daily chart.
