Shiba Inu Price Analysis: SHIB slowly continues lower, break below $0.000041 to follow today?

• Shiba Inu price analysis is bearish today.
• SHIB/USD continued to decline overnight.
• Closest support at $0.000041.

Shiba Inu price analysis is bearish today as we expect further downside to follow over the next 24 hours along with the several-week trend. Therefore, SHIB/USD should test the $0.000041 previous low again over the next 24 hours.

Shiba Inu price has seen a continuous decline over the past weeks. After a new all-time high was set at $0.0000885 on the 27th of October, a sharp reversal followed to $0.00006.

From there, a massive selloff followed on the 4th of November, leading to the $0.000045 mark. Since then, SHIB/USD has continued to slowly set lower highs, while another lower low was seen on the 18th of November when the $0.000041 current low was reached.

On the 19th of November, a reaction higher set another clear lower high,  leading the Shiba Inu price action into another slow move lower. Over the last  24 hours, SHIB/USD has approached the previous low at $0.000041, likely leading to a break lower later today.

Shiba Inu Price Analysis: Conclusion 

Shiba Inu price analysis is bearish today as we expect further downside to follow along with the overall trend. Likely SHIB/USD will test the $0.000041 current low later today.

While waiting for Shiba Inu to move further, see our articles on the Best Crypto Wallet 2021, Decred Wallet, and Ripple vs SEC.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.    
Source