SHIB price has experienced volatility over the past 24 hours, with the price fluctuating between a low of $0.00001562 and a high of $0.00001667
SHIB’s price is now hovering at $0.00001592, down slightly by 3%
SHIB's technical indicators suggest a mixed outlook. The relative strength index (RSI) of 33 on the 4-hour chart suggests that SHIB is approaching oversold territory, which could signal a potential reversal
But the Moving Average Convergence Divergence (MACD) is showing bearish momentum, as evidenced by the MACD line crossing the signal line. The histogram supports this bearish sentiment, with negative values indicating declining buying pressure
If the bears exert more pressure, the Shiba Inu price prediction may fall below the support at $0.00001550 to $0.000015 or even $0.00001450 in the coming days.
According to the data, Shiba Inu bulk trading volume has increased significantly over the past week. A surge in large investor activity is often seen as a positive sign, indicating growing confidence among these stakeholders
Total transaction volume currently stands at $58.54 trillion. Overall network growth was good, reinforcing positive market sentiment
On the upside, if the bullish momentum builds, the 10-EMA and 20-EMA will approach the resistance at $0.000016. If the bulls manage to push the price higher, SHIB could reach $0.000017 in the near future, and possibly even $0.000018
WATCH: XRP BOME SATS SOL PEPE…
Again, I don’t know what to do in the bull market, click on my profile picture, follow, bull market spot planning, contract password, free sharing $PEPE $SHIB
