Shiba Inu Faces Critical Test with Support at $0.00000850
- Price Range Volatility: Shiba Inu's current price hovers around $0.00000850, and a drop below $0.00000810 could weaken market structure, potentially leading to a decline towards $0.00000755 or $0.00000682, indicating increased bearish pressure in the short term.
- Derivatives Market Dynamics: Open interest in SHIB futures surged past $500 million during recent price expansions, rebounding to $109 million, reflecting heightened speculative behavior in the market but lacking sustained conviction, which may exacerbate price volatility.
- Cautious Sentiment in Spot Market: Despite recent inflows of approximately $166,000, outflows consistently outweigh inflows, indicating cautious sentiment towards Shiba Inu, with significant withdrawals correlating with price pullbacks, suggesting investor confidence remains low.
- Technical Key Levels: Shiba Inu faces critical technical support at $0.00000850, which serves as the first line of defense for buyers, while breaking resistance levels at $0.00000885, $0.00000935, and $0.00001000 could open pathways to higher targets at $0.00001150 and $0.00001200.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB) As of , Shiba Inu (SHIB) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 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 stock.
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 | 0.0000033 | 0.00000419 | 0.00000526 | 0.00000615 | 0.00000722 | 0.00000811 | 0.00000918 |
| Fibonacci | 0.00000419 | 0.00000494 | 0.0000054 | 0.00000615 | 0.0000069 | 0.00000736 | 0.00000811 |
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