Key support level: $0.000028
Key resistance levels: $0.000034
SHIB appears unable to rally above the current key support at $0.000028, and this most recent attempt was quickly halted by the bears. This price action may cause the cryptocurrency to retest key support and again put pressure on buyers. Key resistance at $0.000034 remains well defended so far.
Technical Indicators
Trading Volume: The volume is falling. For this reason, the key support level may be revisited soon. The lack of buyers at the current price is concerning.
IRS: The daily RSI is stable at just under 60 points and indicates some indecision in the price action.
MACD: The daily MACD remains positive, but the histogram and moving averages are both falling down. On lower timeframes such as the 4-hours, the MACD shows no trend, which also indicates indecision.
bias
The bias on SHIB is neutral. Price appears to be stuck in a flat trend above key support.
Short-Term Prediction for SHIB Price
The lack of volatility and volume has stopped SHIB from revisiting the key resistance at $0.000034, and market participants have to be satisfied with a flat trend as the price moves horizontally above the key support. The indicators show weakness, and SHIB may revisit the support at $0.000028 in the near future.
