TL; DR Breakdown
- Shiba Inu price analysis is bearish today.
- Strong resistance at $0.00002779.
- SHIB’s trading price is $0.00002469.
Shiba Inu Price Analysis reveals a partial bearish move in the market, and the market is moving in a significantly positive direction, increasing the price of SHIB significantly. However, the market has recovered from the crash of the last few hours, fortunately recovering most of its lost value. As a result, the cost of SHIB saw a huge incline to $0.000022469, from $0.00002450; on April 9, 2022; however, SHIB/USD continued to move uncertainly the next day.
Today, April 10, 2022, the price saw massive increases, causing the SHIB price to surge to the $0.00002469 mark. Furthermore, the cryptocurrency shows bullish potential and follows an uptrend. SHIB is currently trading at $0.00002469; as a result, Shiba Inu is up 3.17% over the previous 24 hours, with a trading volume of $515,930,526, ranking #15 with a live market cap of $13,555,213,023.
SHIB/USD 4 Hour Analysis: Recent Developments
Shiba Inu price analysis revealed that the market is following an uptrend as market volatility remains inactive. As a result, resistance and support do not move to either extreme; now, the price will follow the volatility to the extent that it decides. For now, the price is stabilizing from the volatile exchange. Consequently, the upper boundary of the Bollinger Band is present at $0.00002532, which acts as the point of major resistance for SHIB. On the contrary, the lower bound of the Bollinger band is available at $0.00002366, which acts as the strongest support point for SHIB.
The SHIB/USD price seems to be crossing the moving average curve, which makes the market bullish. Also, the price appears to be moving upwards, signifying a growing movement, indicating a stable value for the cryptocurrency.
Shiba Inu price analysis reveals that the Relative Strength Index (RSI) score is 48, causing SHIB/USD to fall in the central neutral region. However, the RSI score follows an upward trend indicating a stable market and dominant buying activity.
Shiba Inu 1-Day Price Analysis: Market Volatility Decreases
Shiba Inu price analysis has revealed a bear market. In addition, the volatility of the market appears to follow a closing trend, making the Shiba Inu price more vulnerable to fluctuations in volatility. As a result, the upper boundary of the Bollinger band is present at $0.00002779, which serves as the major resistance for SHIB. On the contrary, the lower bound of the Bollinger Band exists at $0.00002303, which acts as the strongest support for SHIB.
The SHIB/USD price appears to be crossing below the moving average curve, which signifies a bearish move. On the other hand, the price seems to be following a growing activity, showing signs of a growing market. As a result, the price seems to be moving towards the moving average trying to cross it.
Shiba Inu price analysis reveals the Relative Strength Index (RSI) of 48, signifying a stable cryptocurrency. Also, the RSI falls in the central neutral region. Therefore, following a linear approach indicates a rising market and represents buying activity equals selling activity, causing the RSI score to price of a Shiba Inu can rise.
Shiba Inu Price Analysis Conclusion
Shiba Inu price analysis reveals that the market follows a partial bearish movement, showing a constant dynamic. As a result, the market offers enormous room for uptrend maintenance. As a result, the bulls could achieve a long-term regimen that could be very beneficial for the Shiba Inu cryptocurrency.