The price of the Shiba Inu (SHIB) could be set for a major run as it holds its support against Tether (USDT).\u00a0<\/p>\n
Bitcoin\u2019s (BTC) price saw a bounce from $23,000 to $24,800 as the favorable news from the consumer price Index (CPI) saw a good response across the boards in the crypto market as the price of Shiba Inu eyes $0.00001700.<\/p>\n
Related Reading: AVAX Holds Steady And Sets Sights On $50 Barrier Breach<\/p>\n
The consumer price Index measures inflation in the economy, due to market sentiments this affects the prices of assets. (Data feeds from Binance)<\/p>\n
Shiba Inu Price Analysis On The Weekly Chart
\nWeekly Price Analysis For SHIB | Source: SHIBUSDT On Tradingview.com<\/p>\n
From the chart, the price of SHIB saw a weekly low of around $0.00000740, which bounced from that area and rallied to a price of $0.00001240.<\/p>\n
The price has built more momentum as it faces resistance at $0.00001400.<\/p>\n
If the price of SHIB on the weekly chart continues with this bullish structure, it could quickly revisit\u00a0 $0.00001732.<\/p>\n
Weekly resistance for the price of SHIB \u2013 $0.00001400.<\/p>\n
Weekly support for the price of SHIB \u2013 $0.00000995.<\/p>\n
\u00a0<\/p>\n
Price Analysis Of SHIB On The Daily (1D) Chart
\nDaily Price Analysis For SHIB | Source: SHIBUSDT On Tradingview.com<\/p>\n
The price of SHIB found strong support at around $0.00001, with what seems to be an area of interest on the daily chart.<\/p>\n
SHIB bounced from its support and rallied as it faced resistance to breaking above the 50 Exponential Moving Average (EMA) which corresponds to $0.00001154.<\/p>\n
At the point of writing, the price of SHIB is at $0.00001265, trying to break above a ranging channel to the upside.<\/p>\n
SHIB is facing a resistance of $0.00001400 to break the channel, If the price of SHIB breaks above the $0.00001400 resistance with good volume the price of SHIB could rally to a high of $0.00001720.<\/p>\n
The Relative Strength Index (RSI) for the price of SHIB on the daily chart is above 60, indicating healthy buy bids for SHIB.<\/p>\n
The volume for SHIB indicates buy bids, this shows bulls would want to push the price higher.<\/p>\n
\u00a0<\/p>\n
Daily (1D) resistance for SHIB price \u2013 $0.000014.<\/p>\n
Daily (1D) support for SHIB price \u2013 $0.0000115, $0.00001.<\/p>\n
Shiba Inu Price Analysis On The Four-Hourly (4H) Chart
\nFour-Hourly Price Analysis For SHIB | Source: SHIBUSDT On Tradingview.com<\/p>\n
The price of SHIB has continued to maintain its bullish structure despite retracing to its support that corresponds to its 50 EMA at $0.00001226 on the 4H chart, as the price faces resistance at $0.000013.<\/p>\n
SHIB price is $0.00001266, trading above the 50 and 200 EMA with prices of $0.0000120 and $0.00001154 on the 4H chart. These prices would act as support areas for SHIB on the 4H chart.<\/p>\n
\u00a0<\/p>\n
Four-Hourly (4H) resistance for SHIB price \u2013 $0.000013, $0.000014.<\/p>\n
Four-Hourly (4H) support for SHIB price \u2013 $0.00001210, $0.00001154.<\/p>\n
\u00a0<\/p>\n
A break in the resistance would send SHIB\u2019s prices higher.<\/p>\n
Featured image from Bitcoinist, Charts from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
The price of the Shiba Inu (SHIB) could be set for a major run as it holds its support against Tether (USDT).\u00a0<\/p>\n
Bitcoin\u2019s (BTC) price saw a bounce from $23,000 to $24,800 as the favorable news from the consumer price Index (CPI) saw a good response across the boards in the crypto market as the price of Shiba Inu eyes $0.00001700.<\/p>\n
Related Reading: AVAX Holds Steady And Sets Sights On $50 Barrier Breach<\/p>\n
The consumer price Index measures inflation in the economy, due to market sentiments this affects the prices of assets. (Data feeds from Binance)<\/p>\n
Shiba Inu Price Analysis On The Weekly Chart
\nWeekly Price Analysis For SHIB | Source: SHIBUSDT On Tradingview.com<\/p>\n
From the chart, the price of SHIB saw a weekly low of around $0.00000740, which bounced from that area and rallied to a price of $0.00001240.<\/p>\n
The price has built more momentum as it faces resistance at $0.00001400.<\/p>\n
If the price of SHIB on the weekly chart continues with this bullish structure, it could quickly revisit\u00a0 $0.00001732.<\/p>\n
Weekly resistance for the price of SHIB \u2013 $0.00001400.<\/p>\n
Weekly support for the price of SHIB \u2013 $0.00000995.<\/p>\n
\u00a0<\/p>\n
Price Analysis Of SHIB On The Daily (1D) Chart
\nDaily Price Analysis For SHIB | Source: SHIBUSDT On Tradingview.com<\/p>\n
The price of SHIB found strong support at around $0.00001, with what seems to be an area of interest on the daily chart.<\/p>\n
SHIB bounced from its support and rallied as it faced resistance to breaking above the 50 Exponential Moving Average (EMA) which corresponds to $0.00001154.<\/p>\n
At the point of writing, the price of SHIB is at $0.00001265, trying to break above a ranging channel to the upside.<\/p>\n
SHIB is facing a resistance of $0.00001400 to break the channel, If the price of SHIB breaks above the $0.00001400 resistance with good volume the price of SHIB could rally to a high of $0.00001720.<\/p>\n
The Relative Strength Index (RSI) for the price of SHIB on the daily chart is above 60, indicating healthy buy bids for SHIB.<\/p>\n
The volume for SHIB indicates buy bids, this shows bulls would want to push the price higher.<\/p>\n
\u00a0<\/p>\n
Daily (1D) resistance for SHIB price \u2013 $0.000014.<\/p>\n
Daily (1D) support for SHIB price \u2013 $0.0000115, $0.00001.<\/p>\n
Shiba Inu Price Analysis On The Four-Hourly (4H) Chart
\nFour-Hourly Price Analysis For SHIB | Source: SHIBUSDT On Tradingview.com<\/p>\n
The price of SHIB has continued to maintain its bullish structure despite retracing to its support that corresponds to its 50 EMA at $0.00001226 on the 4H chart, as the price faces resistance at $0.000013.<\/p>\n
SHIB price is $0.00001266, trading above the 50 and 200 EMA with prices of $0.0000120 and $0.00001154 on the 4H chart. These prices would act as support areas for SHIB on the 4H chart.<\/p>\n
\u00a0<\/p>\n
Four-Hourly (4H) resistance for SHIB price \u2013 $0.000013, $0.000014.<\/p>\n
Four-Hourly (4H) support for SHIB price \u2013 $0.00001210, $0.00001154.<\/p>\n
\u00a0<\/p>\n
A break in the resistance would send SHIB\u2019s prices higher.<\/p>\n
Featured image from Bitcoinist, Charts from TradingView.com\u00a0<\/p>\n
<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-5415","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\/5415","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=5415"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/5415\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=5415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=5415"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=5415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}