Volatility has eased since the May 12 crash, and the price is likely to make a significant move soon.
Main Support Levels: $0.00010
Main resistance level: $0.000014, $0.00017
SHIB has created a large flag (in blue in the chart below) that could be broken once volatility returns. Current support is found at $0.0000010, and the indicators suggest that a bullish move could be in the cards soon, where SHIB could test the key resistance at $0.0000014.
technical indicators
trading volume: Volume has been low recently, but is likely to change as soon as there is a break from the current formation.
RSI: The daily RSI is forming higher lows, and it is also forming higher highs. If this move is bullish, the bias for SHIB could turn bullish.
MACD: Daily MACD is still bearish, but the histogram is bullish. A few days of this price action – and may test key resistance.
Partiality
The bias on SHIB is neutral. If it breaks above the pennant it can turn bullish.
Short term prediction for SHIB price
A test of the key resistance at $0.0000014 seems possible but only if the price manages to break above its current levels anew. If successful, the next major resistance for SHIB will be found at $0.00017.
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Cryptocurrency charts by TradingView.