Shiba Inu Shows Signs of Recovery
- Price Support Recovery: Shiba Inu's price has rebounded and held support near $0.00000589, currently trading around $0.00000633, reflecting a 5.55% gain over the past two days, which indicates strong short-term performance and attracts investor interest.
- Surge in Trading Volume: Trading volume has sharply increased by nearly 17%, signaling a renewed market interest in Shiba Inu, although major moving averages still pose resistance for sustained breakout attempts, with the 50-day average near $0.00000784.
- Government Holdings Draw Attention: The U.S. Marshals Service holds 54 billion SHIB, valued at approximately $1.56 million, making Shiba Inu a notable federal crypto asset, which adds credibility and visibility to the market.
- Ecosystem Expansion: Shibarium's upgrades enhance Shiba Inu's utility and privacy, with the introduction of a Layer-3 structure that incorporates privacy-focused computation, strengthening data protection and gradually moving towards enterprise-grade standards, thus altering investor perceptions of long-term potential.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB). As of , Shiba Inu (SHIB) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 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 | 0.00000503 | 0.00000539 | 0.00000568 | 0.00000603 | 0.00000633 | 0.00000668 | 0.00000698 |
| Fibonacci | 0.00000539 | 0.00000563 | 0.00000579 | 0.00000603 | 0.00000628 | 0.00000644 | 0.00000668 |
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