TL;DR failed
Shiba Inu price analysis is bearish today. Strong resistance is at $0.00002737. SHIB is trading at $0.00002437.
Today’s Shiba Inu price analysis shows that the market is bearish, the market is moving in a negative direction and the Shiba Inu price is falling. However, the price of SHIB fell from $0.00002537 to $0.00002415, and on April 21, 2022, SHIB/USD gained momentum and gained momentum the next day.
Today, April 23, 2022, the price of SHIB rose to $0.00002430 as the price fluctuated significantly. In addition, cryptocurrencies are showing upside potential and are showing an upward trend. SHIB is currently trading at $0.00002437, with volume at $381,477,674, up 0.19% in the last 24 hours. SHIB has a real-time market cap of $13,390,075,724, which currently ranks 15th.
SHIB/USD 4-Hour Analysis: Recent Trends
Shiba Inu price analysis reveals a bullish trend in the market. However, market volatility has decreased slightly, bringing resistance and support closer together, making crypto prices less vulnerable to volatility swings. Therefore, the upper bound of the Bollinger band is at the strongest resistance of the SHIB at $0.00002557. Conversely, the lower bound of the Bollinger band is at $0.00002378, the strongest support for SHIB.
SHIB/USD price appears to cross the moving average curve, which makes the market bullish. It also appears that the price has started to rise after almost reaching resistance. When price and resistance meet, the market can invert and a bear market can come to power.
SHIB/USD 4-Hour Price Chart Source: TradingView
Shiba Inu price analysis showed a relative strength index (RSI) score of 43, lowering SHIB/USD into neutral territory. However, the RSI followed a slight uptrend, indicating an increase in the market and the dominance of buying activity. Therefore, the rise in the RSI caused the price to rise.
Shiba Inu Daily Price Analysis: The Market Is Bearish
Shiba Inu price analysis reveals a bearish market. Also, the volatility of the market appears to follow a small closing trend, and the Shiba Inu price is less sensitive to volatility. Therefore, the upper bound of the Bollinger band is at the strongest resistance of the SHIB at $0.00002737. Instead, the lower Bollinger band exists at $0.00002279, which is the strongest support for SHIB.
SHIB/USD price crossed below the moving average, indicating bearishness. On the other hand, the price appears to follow further downtrend activity and shows a declining market.
SHIB/USD 4-Hour Price Chart Source: TradingView
Shiba Inu price analysis shows the Relative Strength Index (RSI) score of 46.67, indicating a stable cryptocurrency. RSI also falls within the central neutral zone. Therefore, following a linear approach indicates that the characteristics are consistent and that the RSI score remains the same as sales activity equals purchase activity.
Shiba Inu Price Analysis Conclusion
Shiba Inu price analysis shows that the market has entered a partial bearish trend, indicating that Shiba Inu value has room to rise in the future. Bearishness is currently dominating the market and will be so for a while. However, as the price rises, the market stabilizes the SHIB and provides significant room for a reversal to recover lost value.
disclaimer. The information provided is not trading advice. Cryptopolitan.com is not responsible for any investments based on the information provided on this page. We strongly recommend that you consult with an independent researcher and/or qualified professional before making any investment decisions.
Information Source: Compiled on CRYPTOPOLITAN by 0x Information. Copyright belongs to Namin, Reproduction is prohibited.
