Shiba INU, one of the most popular meme coins within the crypto space displayed a notable price action in the early days of 2023. Despite the trading volume maintaining decent levels, the price remained elevated to mark the yearly highs above $0.000015.
Woefully, the bulls lost their grip over the rally, which compelled the price to drop hard below the crucial levels at $0.00001. Meanwhile, the bulls have sparked a notable rebound as the prices slightly rise but remain restricted below $0.000011.
Shiba INU (SHIB) Price Analysis
Technical Indicators | Value (4h/1D) | Signal (4hr/1D) |
Relative Strength Index (RSI) | 46.05 / 44.59 | Neutral / Neutrall |
MACD | -0.00000001 / -0.00000032 | Neutral / Buy |
Average Directional Index (ADX) | 12.04 / 11.22 | Neutral / Neutral |
Average True Range (ATR) | 0.00000026 / 0.00000078 | Neutral / Neutral |
Levels | Value (4h/1D) |
Resistance | $0.00001180 / $0.00001475 |
Support | $0.00001009 / $0.00001030 |
Moving Average (MA)-50 | $0.00001077 / $0.00001206 |
Moving Average (MA)-200 | $0.00001151 / $0.00001068 |
The overall market sentiments for Shiba INU price are relatively neutral at the moment regardless of whether it is in the short-term or long-term. Hence the price may remain within the resistance and support levels either in the short term or long term until the bulls reclaim their dominance and propel the price high.
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