The cryptocurrency market remains very unstable, and Shiba Inu (Shiba) is no exception. To help predict the movement of Shiba price over the next 30 days, this analysis is immersed in the technical indicators and models observed in the provided TradeingView diagrams. We will analyze key factors, such as Bolinger’s stripes, relative force (RSI) index, support and resistance levels, and potential scenarios.
How was Shiba Inu price recently?
The current price of Shiba Inu (Shib) $ 0.00002190with a 24-hour trading volume 639.68 million dollarsMarket capitalization $ 12.90 billionand market dominance 0.38%The field over the past 24 hours has increased the price of Shiba 1.69%Field
Shiba Inu reached its record high level $ 0.00008819 on October 28, 2021While he was all the time $ 0.0000,0005637 on November 28, 2020The field is the lowest price, as it was $ 0.00005821 (low cycle), and the highest price, since this minimum was $ 0.00004501 (High cycle). Setting up price forecasting for Shiba Inu currently Bearwith an indication of the index of fear and greed 62 (greed)Field
The circulation supply of the Shiba is approximately 589.26 Trillion ShibFrom the maximum post 589.74 Trillion ShibThe field of the annual level of supplies inflation at present -0.01%Indicating it 35.36 billion Shib were removed from circulation over the past year.
Shib prices analysis
Analysis of the 1-hour diagram
Bollinger Bands: Bolinger’s stripes measure volatility, showing the price of movement within two standard deviations from the sliding average. On a 1-hour diagram, the Shiba trades near the middle strip. This indicates a decrease in volatility and the lack of a clear trend. Historically, this behavior often leads to a breakthrough, either up or down. Traiders should monitor whether the price approaches the upper or lower lane, as this can provide early signs of a potential trend.
Relative force (RSI) index: RSI, an pulse oscillator, which measures overwhelmed or resold conditions, fluctuates about 50.46. RSI about 50 signals a neutral market without a significant impulse. If the RSI rises above 60, this may indicate a bull impulse, while the fall below 40 can confirm the mood of the mood.
Short -term candles models: Recent candles show smaller body dimensions, signaling market indecision. In combination with a low volume of bidding, this suggests that traders are waiting for the catalyst to lead to the next big step.
Analysis of a 1-day diagram
Bollinger Bands: On a daily diagram, the Shiba is traded closer to the lower lane, which indicates potential terms of oversupply. When prices are sequentially dependent on the lower strip, this often signals a possible rebound. However, sustainable trade at this level without a rebound can lead to a further decrease.
Relative force (RSI) index: Daily RSI is 43.31, reflecting the soft bear. Although this is not yet in the over -excess zone (<30), the indications suggest that the pressure remains, and any further fall of the RSI can cause a stronger bear tendency.
Heikin-Gi Candles: These candles help to determine the trends, smoothing data about prices. The recent Heikin-Shi candles show that the impulse is reduced down, which may mean that the bears are losing strength.
Key levels of support and resistance
Understanding the levels of support and resistance is crucial for predicting prices:
Support levels:
- $ 0.00002100: This is a critical level that historically attracted buyers, helping to prevent further price reduction.
- $ 0.00002000: The level of psychological support, where traders often place orders for the purchase, acting as the last line of defense before significantly decreases.
Resistance levels:
- $ 0.00002250: This is immediate resistance. A gap of this level will mean a bull impulse and open the way for higher levels.
- $ 0.00002500: A significant level of resistance that Shib must violate in order to maintain a tendency to increase and enter the bull territory.
Summary of technical indicators
- RSI: RSI Neutral in a 1-hour diagram, but leans to the daily diagram, which indicates a mixed mood in a short-term and medium-term perspective.
- Bollinger Bands: The proximity of the price to the middle lane (1-hour diagram) and the lower strip (daily diagram) reflects potential consolidation or bearish.
- Volume: The low amount of bidding in both schedules indicates the lack of strong conviction among traders, which can delay the breakthrough in any direction.
Potential scenarios for the next 30 days
Bull script
If the Shiber can break above the resistance level in the amount of 0.00002250 US dollars with a significant volume, it may rally by $ 0.00002500 or even higher. Several factors can fuel this bull impulse:
The rally in the market: Sunrise in a wider market for cryptocurrencies often benefits from memes, such as Shib.
Positive ecosystem developments: Ads related to the Shiba ecosystem, such as adoption or improvement of shibarium utilities, can attract customers.
Retail interest: The renewed percentage of retail investors, especially in trading, can stimulate demand.
Bear script
If SHIB cannot hold support level of 0.00002100 US dollars, it can fall further, potentially checking $ 0.00002,000 or even lower. Key factors contributing to the bear’s perspective include:
Wider market weakness: Correction in the market can lead to this.
The low interest of investors: A decrease in enthusiasm for memes against macroeconomic uncertainty can lead to a decrease in prices.
Technical breakdown: Sustainable low RSI and the inability of the rebound from key support levels signal the continuation of the bear pulse.
Consolidation script
Given the neutral RSI and low volume, Shib can be traded from 0.00002100 to 0.00002250 US dollars. This movement in the range often occurs when traders expect clear signals or external catalysts. Consolidation can lead either to a breakthrough or a long stagnation, depending on the dynamics of the market.
Conclusion
The movement of prices over the next 30 days will greatly depend on market moods, volume and key technical levels. While current indicators suggest a neutral to slightly bear evasion, the situation can quickly change depending on external catalysts. Traiders should carefully monitor support in the amount of 0.00002100 US dollars and resistance levels $ 0.00002250 for the early signs of the next main step. In addition, the growth of volume and RSI above 60 will strengthen the matter for a bull breakthrough, while support for a break is below 40 RSI or 0.00002100 dollars.
