Shiba Inu Price Range Analysis Indicates Potential Breakout
- Price Stability: Shiba Inu (SHIB) remains stable within the support range of $0.00000564 to $0.00000550, and while short-term sentiment leans bearish, the market is quietly building pressure, potentially setting the stage for future price movements.
- Volume Trends: CoinMarketCap reports a 24-hour trading volume of $126.6 million for SHIB, which, although lower than previous activity levels, still indicates sustained interest from market participants, suggesting an impending price shift.
- On-Chain Activity Surge: Data from CryptoQuant shows a 40.5% increase in exchange outflows over 24 hours, with approximately 321 billion SHIB tokens moving to self-custody wallets, indicating that investors prefer to hold rather than sell, which enhances bullish sentiment in the market.
- Technical Indicator Insights: With RSI in neutral territory and MACD flattening, momentum appears stalled; however, a breakout above $0.0000060 supported by strong volume could signal the end of the accumulation phase, opening up potential gains towards $0.00000650 and $0.00000720.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB). As of , Shiba Inu (SHIB) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SHIB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SHIB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Shiba Inu (SHIB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000528 | 0.00000551 | 0.00000572 | 0.00000595 | 0.00000616 | 0.00000639 | 0.0000066 |
| Fibonacci | 0.00000551 | 0.00000568 | 0.00000578 | 0.00000595 | 0.00000612 | 0.00000622 | 0.00000639 |
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