• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: BREAKING: Valkyrie Secures Green Light For Ethereum Futures ETF, Trading Launching Tomorrow
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: BREAKING: Valkyrie Secures Green Light For Ethereum Futures ETF, Trading Launching Tomorrow
Sensei Inu Logo

TA- Shiba Inu Price Struggles, But Could Be Set For A Major Run

jamesobande by jamesobande
1 year ago
in Technical analysis
Reading Time: 3 mins read

The price of the Shiba Inu (SHIB) could be set for a major run as it holds its support against Tether (USDT). 

Bitcoin’s (BTC) price saw a bounce from $23,000 to $24,800 as the favorable news from the consumer price Index (CPI) saw a good response across the boards in the crypto market as the price of Shiba Inu eyes $0.00001700.

Related Reading: AVAX Holds Steady And Sets Sights On $50 Barrier Breach

The consumer price Index measures inflation in the economy, due to market sentiments this affects the prices of assets. (Data feeds from Binance)

Shiba Inu Price Analysis On The Weekly Chart

Weekly Price Analysis For SHIB | Source: SHIBUSDT On Tradingview.com

From the chart, the price of SHIB saw a weekly low of around $0.00000740, which bounced from that area and rallied to a price of $0.00001240.

The price has built more momentum as it faces resistance at $0.00001400.

If the price of SHIB on the weekly chart continues with this bullish structure, it could quickly revisit  $0.00001732.

Weekly resistance for the price of SHIB – $0.00001400.

Weekly support for the price of SHIB – $0.00000995.

 

Price Analysis Of SHIB On The Daily (1D) Chart

Daily Price Analysis For SHIB | Source: SHIBUSDT On Tradingview.com

The price of SHIB found strong support at around $0.00001, with what seems to be an area of interest on the daily chart.

SHIB bounced from its support and rallied as it faced resistance to breaking above the 50 Exponential Moving Average (EMA) which corresponds to $0.00001154.

At the point of writing, the price of SHIB is at $0.00001265, trying to break above a ranging channel to the upside.

SHIB is facing a resistance of $0.00001400 to break the channel, If the price of SHIB breaks above the $0.00001400 resistance with good volume the price of SHIB could rally to a high of $0.00001720.

The Relative Strength Index (RSI) for the price of SHIB on the daily chart is above 60, indicating healthy buy bids for SHIB.

The volume for SHIB indicates buy bids, this shows bulls would want to push the price higher.

 

Daily (1D) resistance for SHIB price – $0.000014.

Daily (1D) support for SHIB price – $0.0000115, $0.00001.

Shiba Inu Price Analysis On The Four-Hourly (4H) Chart

Four-Hourly Price Analysis For SHIB | Source: SHIBUSDT On Tradingview.com

The price of SHIB has continued to maintain its bullish structure despite retracing to its support that corresponds to its 50 EMA at $0.00001226 on the 4H chart, as the price faces resistance at $0.000013.

SHIB price is $0.00001266, trading above the 50 and 200 EMA with prices of $0.0000120 and $0.00001154 on the 4H chart. These prices would act as support areas for SHIB on the 4H chart.

 

Four-Hourly (4H) resistance for SHIB price – $0.000013, $0.000014.

Four-Hourly (4H) support for SHIB price – $0.00001210, $0.00001154.

 

A break in the resistance would send SHIB’s prices higher.

Related Reading: Latest Report Shows Ethereum Whales Buy 312 Billion SHIB During Crypto Winter
Featured image from Bitcoinist, Charts from TradingView.com 
Tags: SHIB priceShiba Inu (SHIB)Shiba Inu PriceSHIBUSDT
Tweet123Share196ShareSend
jamesobande

jamesobande

James is a blockchain writer and technical Analyst with more than five years of experience in the crypto space.

Related Posts

XRP XRPUSDT XRP Price analysis

XRP Price Bloodbath On The Horizon? Report Casts Doubt On Recent Rally

2 hours ago
Ripple XRP price bull

XRP Price Disappoints: Crypto Analyst Reveals Why He Will No Longer Accumulate

3 hours ago
XRP price

Expert Predicts Staggering 760% Surge For XRP Price: Here’s The Roadmap

7 hours ago
Solana Price Aims Higher

SOL Price Prediction: Solana Surges 15%, Is This Just Start Of A Larger Increase?

14 hours ago
Ethereum

Ethereum Price Increase Could Soon Fade If ETH Fails To Surpass $1,750

14 hours ago
Bitcoin Price Jumps

Bitcoin Bulls Aim Big After Recent Surge To $28K

15 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Press Releases

  • The Next Bull Run Is Approaching, Follow The Smart Money...

    6 hours ago
  • Index CFDs: Experts Have Conducted A Comprehensive Study In...

    9 hours ago
  • Unbelievable: Tradecurve (TCRV) Skyrockets, Leaving...

    11 hours ago
  • Microsoft’s AI Reveals the Holy Trinity of Profit...

    11 hours ago
  • Investing in Trading 212: Is the Risk Worth the Reward?

    2 days ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.