Shiba Inu Price Analysis — May 23
Shiba Inu remained restricted within a range on Monday, despite a broader recovery in the crypto market over the weekend. As mentioned earlier, SHIB posted a 10% spike in the early Asian session on Monday but failed to preserve this rally and has retraced near the $0.0000120 support.
The 4-hour stochastic indicator shows that the cryptocurrency is easing out of overheated conditions, proposing a bearish continuation to the range base at $0.0000115 in the coming days. However, a return above the $0.0000130 top would put the price above the long-prevailing bearish trendline and the range area, prompting a return to the $0.0000150 zone.
Meanwhile, my resistance levels are $0.0000150, $0.0000170, and $0.0000180, and my support levels are $0.0000120, $0.0000100, and $0.0000900.
Total Market Capitalization: $1.31 trillion
Shiba Inu Market Capitalization: $6.76 billion
Shiba Inu Dominance: 0.51%
Market Rank: #15
The 4-hour stochastic indicator shows that the cryptocurrency is easing out of overheated conditions, proposing a bearish continuation to the range base at $0.0000115 in the coming days. However, a return above the $0.0000130 top would put the price above the long-prevailing bearish trendline and the range area, prompting a return to the $0.0000150 zone.
Meanwhile, my resistance levels are $0.0000150, $0.0000170, and $0.0000180, and my support levels are $0.0000120, $0.0000100, and $0.0000900.
Total Market Capitalization: $1.31 trillion
Shiba Inu Market Capitalization: $6.76 billion
Shiba Inu Dominance: 0.51%
Market Rank: #15
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.