Shiba Inu has not found any direction in the past week, with price moving sideways.
Key support level: $0.000010
Key Resistance level: $0.000014, $0.000017
Due to the low volatility in the market, SHIB’s price failed to break away from its current range. The key support is found at $0.000010 and the resistance at $0.000014. Without more volume, it is unlikely for SHIB to make any significant moves at this time.
Trading Volume: Trading volume is practically diminished as Shiba Inu sees no volatility.
RSI: The daily RSI is flat and has remained around 33 points for the past week, unable to set a trend.
MACD: The daily MACD is hinting at a bullish bias, with its histogram making higher highs. However, this is insufficient to change the picture on its own.
The bias on SHIB is neutral, with the price unable to break away from its sideways action.
Short-Term Prediction for SHIB Price
SHIB is unlikely to make any major moves as long as both volume and momentum remain low. Market participants appear to have vanished, and this is reflected in the price action.
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making investment any decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.