{"id":29209,"date":"2023-09-06T04:53:58","date_gmt":"2023-09-06T08:53:58","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=29209"},"modified":"2023-09-06T04:53:58","modified_gmt":"2023-09-06T08:53:58","slug":"shib-price-prediction-heres-what-could-trigger-recovery-in-shiba-inu","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/09\/06\/shib-price-prediction-heres-what-could-trigger-recovery-in-shiba-inu\/","title":{"rendered":"SHIB Price Prediction: Here\u2019s What Could Trigger Recovery In Shiba Inu"},"content":{"rendered":"

SHIB price (Shiba Inu) is struggling below the $0.000008 resistance against the US Dollar. <\/em>Shiba Inu could start a recovery wave if it settles above $0.000008.<\/em><\/p>\n

Shiba Inu price extended its decline and tested the $0.0000074 zone against the US Dollar.
\nThe price is now trading below $$0.000008 and the 100 simple moving average (4 hours).
\nThere is a key bearish trend line forming with resistance near $0.0000077 on the 4-hour chart of the SHIB\/USD pair (data source from Kraken).
\nThe pair could start a recovery wave if it clears the $0.0000078 and $0.0000080 levels.<\/p>\n

SHIB Price Faces Uphill Task<\/h2>\n

In the past few days, SHIB price saw a steady decline below the $0.0000088 level. The bears were able to push the price below the key support at $0.0000080.<\/p>\n

Finally, Shiba Inu found support near the $0.0000074 zone. A low is formed near $0.00000739 and the price is now attempting a recovery wave, like Bitcoin<\/a> and Ethereum<\/a>. It is now consolidating near the 23.6% Fib retracement level of the downward move from the $0.00000845 swing high to the $0.00000739 low.<\/p>\n

However, SHIB price is trading below $$0.000008 and the 100 simple moving average (4 hours). Besides, there is a key bearish trend line forming with resistance near $0.0000077 on the 4-hour chart of the SHIB\/USD pair.<\/p>\n

On the upside, the bears are protecting the $0.0000077 level and the trend line. The next major resistance is near the $0.0000078 level or the 50% Fib retracement level of the downward move from the $0.00000845 swing high to the $0.00000739 low.<\/p>\n\n

Source: SHIBUSD on TradingView.com<\/a><\/p>\n

The main resistance is now forming near the $0.0000080 level. A close above the $0.0000080 level might send the price toward the $0.0000088 level. Any more gains might send the price towards the $0.0000092 level.<\/p>\n

More Losses In Shiba Inu?<\/h2>\n

If Shiba Inu price fails to clear the $0.0000078 resistance, it could start another decline. Initial support on the downside is near the $0.0000075 level.<\/p>\n

The first major support is near the $0.0000074 level. The next major support is near the $0.0000072 level. If there is a downside break below the $0.0000072 support, there could be an extended decline towards the $0.0000070 zone.<\/p>\n

Technical Indicators<\/p>\n

4 Hours MACD \u2013 The MACD for SHIB\/USD is losing pace in the bearish zone.<\/p>\n

4 Hours RSI (Relative Strength Index) \u2013 The RSI for SHIB\/USD is currently below the 50 level.<\/p>\n

Major Support Levels \u2013 $0.0000075 and $0.000074.<\/p>\n

Major Resistance Levels \u2013 $0.0000078, $0.0000080 and $0.0000088.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

SHIB price (Shiba Inu) is struggling below the $0.000008 resistance against the US Dollar. <\/em>Shiba Inu could start a recovery wave if it settles above $0.000008.<\/em><\/p>\n

Shiba Inu price extended its decline and tested the $0.0000074 zone against the US Dollar.
\nThe price is now trading below $$0.000008 and the 100 simple moving average (4 hours).
\nThere is a key bearish trend line forming with resistance near $0.0000077 on the 4-hour chart of the SHIB\/USD pair (data source from Kraken).
\nThe pair could start a recovery wave if it clears the $0.0000078 and $0.0000080 levels.<\/p>\n

SHIB Price Faces Uphill Task<\/h2>\n

In the past few days, SHIB price saw a steady decline below the $0.0000088 level. The bears were able to push the price below the key support at $0.0000080.<\/p>\n

Finally, Shiba Inu found support near the $0.0000074 zone. A low is formed near $0.00000739 and the price is now attempting a recovery wave, like Bitcoin<\/a> and Ethereum<\/a>. It is now consolidating near the 23.6% Fib retracement level of the downward move from the $0.00000845 swing high to the $0.00000739 low.<\/p>\n

However, SHIB price is trading below $$0.000008 and the 100 simple moving average (4 hours). Besides, there is a key bearish trend line forming with resistance near $0.0000077 on the 4-hour chart of the SHIB\/USD pair.<\/p>\n

On the upside, the bears are protecting the $0.0000077 level and the trend line. The next major resistance is near the $0.0000078 level or the 50% Fib retracement level of the downward move from the $0.00000845 swing high to the $0.00000739 low.<\/p>\n

Source: SHIBUSD on TradingView.com<\/a><\/p>\n

The main resistance is now forming near the $0.0000080 level. A close above the $0.0000080 level might send the price toward the $0.0000088 level. Any more gains might send the price towards the $0.0000092 level.<\/p>\n

More Losses In Shiba Inu?<\/h2>\n

If Shiba Inu price fails to clear the $0.0000078 resistance, it could start another decline. Initial support on the downside is near the $0.0000075 level.<\/p>\n

The first major support is near the $0.0000074 level. The next major support is near the $0.0000072 level. If there is a downside break below the $0.0000072 support, there could be an extended decline towards the $0.0000070 zone.<\/p>\n

Technical Indicators<\/p>\n

4 Hours MACD \u2013 The MACD for SHIB\/USD is losing pace in the bearish zone.<\/p>\n

4 Hours RSI (Relative Strength Index) \u2013 The RSI for SHIB\/USD is currently below the 50 level.<\/p>\n

Major Support Levels \u2013 $0.0000075 and $0.000074.<\/p>\n

Major Resistance Levels \u2013 $0.0000078, $0.0000080 and $0.0000088.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-29209","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/29209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=29209"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/29209\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=29209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=29209"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=29209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}