Shiba Inu At $0.0000072: Sellers Push For Breakout From Compact Zone
Shiba Inu (SHIB) has been navigating turbulent waters in the crypto market since mid-April. With its price oscillating between the lows of $0.0000068 and the highs of $0.0000076, SHIB holders have been eagerly awaiting a breakout from this sideways movement. The question on everyone’s mind: Will sellers succeed in pushing SHIB out of its current zone? Price analysis shows that since mid-August, SHIB has been grappling with a bearish market structure on both higher and lower timeframes. The ominous signs began with a sharp price rejection at the $0.00001 price zone, triggering a....
Related News
Dogecoin (DOGE) has recently displayed resilience as it found substantial buying support at the $0.059 level, a zone that has remained unbreached on a daily candle close for nearly a year. This newfound buying activity hints at a potential challenge to the overhead resistance, marking a crucial juncture for the popular meme coin’s price trajectory. The cryptocurrency market often witnesses sideways trends, characterized by a lack of significant upward or downward movement. DOGE appears to be embracing this sideways movement, oscillating between the overhead trendline and the $0.059....
Shiba has piggybacked on the recent meme coin surge to keep 13% gains last week. The entire meme coin category enjoyed an upswing in the last seven days thanks to Elon Musk’s Twitter takeover. The main attention was on Dogecoin due to speculations of the billionaire adding it as a payment option on the social media platform. However, the Shiba army saw it as an opportunity to push their token to the green zone. October 28 saw Shiba Inu break out of its bullish pennant structure, attracting fresh buyers. This bullish volatile break propelled Shiba towards its high liquidity zone at the....
The Shiba Inu (SHIB) price continues to consolidate, showing little momentum to initiate another furious rally. With the Bitcoin price trading below the key resistance zone at $28,600, an altcoin season has so far failed to materialize – and with it an important catalyst for previous SHIB rallies. However, SHIB has quietly formed a bullish chart pattern that could point to a price breakout before the end of April. After the sharp pullback from $0.00001591 in early February, SHIB reached a local low at $0.00000967 on March 10. However, since then SHIB has been writing higher lows and....
The Shiba Inu price has now entered a buy zone after a crash that sent it below the $0.000017 support. At this point, it presents a unique opportunity for investors looking to get into the cryptocurrency at a low price, especially as the market looks toward another recovery. Analyst Identifies Buy Zone For SHIB According […]
Shiba Inu is under mounting pressure, bringing the key $0.00001272 support level into focus. After multiple failed attempts to reclaim higher levels, sellers have tightened their grip, pushing SHIB toward a potential breakdown. The declining buying interest and growing bearish sentiment suggest that a decisive move below this support could open the door for a deeper correction, reinforcing a more bearish outlook for the meme coin. If bulls fail to step in and defend this critical zone, SHIB could see increased volatility, with lower support levels coming into play. On the other hand, a....