Binance Square
Home
Notification
Profile
Trending Articles
News
Creator Center
Settings
LIVE
LIVE
Steven Walgenbach
--・4.7k views
Shiba Inu Price Analysis: Technical Analysis Signals Upward Momentum and Potential Breakthroughs For SHIB In the digital asset space, the Shiba Inu price has been showcasing notable movements, especially when observed through its 4-hour chart. The crypto has seen a gradual uptrend with closing prices moving from $0.00003018 to $0.00003206 in the recent periods. This positive price action is further underpinned by the behavior of the 9 and 20 Exponential Moving Averages (EMAs), both of which have demonstrated an upward trajectory. The 9 EMA, in particular, shifted from $0.00003012 to $0.00003097, while the 20 EMA climbed from $0.00002955 to $0.00003018, signaling a strengthening market. The Moving Average Convergence Divergence (MACD) indicator has revealed a mixed sentiment. Initially, the MACD values hovered just below the signal line, indicating a bearish sentiment. However, the most recent periods have seen the MACD values surpass the signal line, with the histogram turning positive. This change suggests a shift towards bullish momentum, with the latest MACD value standing above the signal, highlighting increased buying pressure. The Relative Strength Index (RSI) has progressively increased. It moved from a reading of 56.74 to 65.42, settling in a range that indicates a growing bullish sentiment without veering into overbought territory. This metric suggests that there is room for further upside before the market might consider the asset overvalued. When considering potential movements against the backdrop of identified resistance and support levels, the Shiba Inu price is currently testing key areas. The immediate resistance at $0.00003312 could pave the way towards the next resistance levels at $0.00003368 and $0.00003457, should the bullish momentum continue. Conversely, support levels at $0.00003189 and $0.00003173 provide a safety net against potential pullbacks, ensuring #SHIB has room to stabilize before potentially resuming its upward trajectory. $SHIB #SHIB🔥🔥 The full analysis and trade strategy was originally posted on ecoinimist.com.

Shiba Inu Price Analysis: Technical Analysis Signals Upward Momentum and Potential Breakthroughs For SHIB

In the digital asset space, the Shiba Inu price has been showcasing notable movements, especially when observed through its 4-hour chart. The crypto has seen a gradual uptrend with closing prices moving from $0.00003018 to $0.00003206 in the recent periods. This positive price action is further underpinned by the behavior of the 9 and 20 Exponential Moving Averages (EMAs), both of which have demonstrated an upward trajectory. The 9 EMA, in particular, shifted from $0.00003012 to $0.00003097, while the 20 EMA climbed from $0.00002955 to $0.00003018, signaling a strengthening market.

The Moving Average Convergence Divergence (MACD) indicator has revealed a mixed sentiment. Initially, the MACD values hovered just below the signal line, indicating a bearish sentiment. However, the most recent periods have seen the MACD values surpass the signal line, with the histogram turning positive. This change suggests a shift towards bullish momentum, with the latest MACD value standing above the signal, highlighting increased buying pressure.

The Relative Strength Index (RSI) has progressively increased. It moved from a reading of 56.74 to 65.42, settling in a range that indicates a growing bullish sentiment without veering into overbought territory. This metric suggests that there is room for further upside before the market might consider the asset overvalued.

When considering potential movements against the backdrop of identified resistance and support levels, the Shiba Inu price is currently testing key areas. The immediate resistance at $0.00003312 could pave the way towards the next resistance levels at $0.00003368 and $0.00003457, should the bullish momentum continue. Conversely, support levels at $0.00003189 and $0.00003173 provide a safety net against potential pullbacks, ensuring #SHIB has room to stabilize before potentially resuming its upward trajectory.

$SHIB #SHIB 🔥🔥

The full analysis and trade strategy was originally posted on ecoinimist.com.

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
0
Replies 1
Quote 1
Explore Content For You
Sign up now for a chance to earn 100 USDT in rewards!
or
Sign up as an entity
or
Log In
Relevant Creator
LIVE
Steven Walgenbach
@Steven_Walgenbach

Explore More From Creator

Dogecoin Price Prediction: Key Technicals Suggest Downward Trend Ahead In recent trading sessions, the #Dogecoin price has shown a pattern of fluctuation, creating a complex landscape for traders on the 4-hour chart. The digital currency’s price movements reveal key insights into potential future trends, according to the latest data observed. Starting with the closing prices over the last few sessions, Dogecoin has seen a varied performance with the most recent prices at $0.14827, $0.14756, $0.14946, $0.14252, and $0.14497. This demonstrates a general downtrend in the short term but also includes a slight recovery in the latest period. The technical indicators illustrate a bearish sentiment overall. The 9 Exponential Moving Average (EMA) has progressively declined from $0.15224 to $0.14840, consistently above the closing prices, suggesting bearish momentum. Furthermore, the 20 EMA has also trended downward from $0.15638 to $0.15293, further confirming the bearish outlook. The MACD (Moving Average Convergence Divergence) values reinforce this sentiment, with recent values showing the MACD line just below the signal line, indicating weak momentum. Although the histogram values have shown a minor increase, suggesting a slight decrease in downward momentum, they remain close to zero, highlighting the lack of strong movement in either direction. The Relative Strength Index (RSI) presents another crucial piece of the puzzle, sitting below the midpoint of 50 in the recent period, specifically ranging between 36.01 and 41.25. These values are indicative of a weaker buying pressure and potential continuation of the downward trend. Looking at key price levels, Dogecoin currently hovers around critical support at $0.14094, with further support at $0.13797 and $0.13131. A breakdown below these levels could accelerate losses, making these crucial areas for traders to watch. On the flip side, resistance levels at $0.15464 and $0.16324 represent significant hurdles that Dogecoin would need to overcome to shift to a bullish stance. $DOGE #Memecoins #BullorBear
--
Dogwifhat Price Prediction: Technicals Remain Bearish for the Meme Coin In recent trading sessions, the #Dogwifhat price has experienced notable fluctuations on the 4-hour chart, revealing interesting dynamics for traders. The closing prices have shown a volatile pattern, swinging from $2.4738 to $2.2938 before slightly recovering to $2.3936. These movements suggest a level of unpredictability in the short-term price direction of $WIF . The exponential moving averages (EMAs) provide deeper insight into the trend. The 9 EMA values, which have declined from $2.5575 to $2.4577, and the 20 EMA readings, decreasing from $2.6593 to $2.5711, both underline a bearish trend as prices remain below these averages. This could indicate potential resistance at these levels if the price attempts to ascend. Focusing on the Moving Average Convergence Divergence (MACD), the indicator continues to show negative values with a slight increase in the negative histogram values over the recent period. The latest values suggest increasing bearish momentum, indicating that the downtrend might not be over. The Relative Strength Index (RSI) has remained below the 50 threshold in recent periods, further confirming the bearish sentiment in the market. The latest reading at 41.09, after dipping to a low of 36.88, reflects weak buying pressure, reinforcing the current bearish outlook. Regarding potential price movements, the support and resistance levels serve as crucial markers for traders. The current price is hovering near a key support level at $2.3419, with further support found at $2.2838 and $2.2567. If these levels fail to hold, further declines could be expected. Conversely, resistance levels at $2.6042 and a more significant one at $3.071 will challenge any bullish recovery attempts. #WIF #Memecoins #BullorBear #TrendingPredictions The full analysis and trade strategy was originally posted on ecoinimist.com.
--
Worldcoin Price Prediction: Technicals Reveal Mixed Market Signals for WLD In the recent trading sessions, the #Worldcoin price has experienced fluctuations with the closing prices showing a pattern that suggests both consolidation and potential for significant movements.  The 9 Exponential Moving Average (EMA) has demonstrated a slight downtrend, moving from $4.877 to $4.819 in recent periods. Concurrently, the 20 EMA also shows a decline from $4.965 to $4.903. These EMAs indicate a bearish crossover scenario, where the shorter-term moving average dips below the longer-term moving average, typically a bearish market signal. The Moving Average Convergence Divergence (MACD) values have slightly improved. Despite a consistent negative MACD value, indicating a bearish trend, the histogram values have become less negative over time, suggesting a possible slowing in downward momentum. Meanwhile, the Relative Strength Index (RSI) hovers below the mid-line with readings from 43 to 45, indicating slight bearish momentum without entering the oversold territory. Currently, $WLD is facing resistance at $5.084 and higher at $5.143 and $6.562, which are key levels to watch if a bullish reversal occurs. Conversely, support levels are firmly established at $4.66 and $4.425, with a critical low support at $2.466. Given the prevailing bearish indicators, traders might consider short entry points if the price breaks below the $4.66 support with potential exit points near $4.425 or lower if the downtrend continues. #BullorBear #TrendingPredictions #WLD The full analysis and trade strategy was originally posted on ecoinimist.com.
--
Bitcoin Faces Possible Dip to $57K as Long-Term Outlook Remains Strong, Analysts Say
--
Ethena Crypto Price Prediction: Technicals Suggest Downward Trend for ENA  In recent trading sessions, the #Ethena crypto price has shown significant volatility in the 4-hour chart, manifesting a fluctuating trend as reflected in the closing prices which ranged from $0.956 to $1.028, before settling down to $0.993 in the latest session. This price action suggests a critical examination of the underlying momentum through various technical indicators to predict potential movements. The 9 EMA and 20 EMA trajectories indicate a bearish sentiment brewing in the market. Specifically, the 9 EMA has steadily decreased, consistently staying below the 20 EMA, which itself has shown a decline over the same period. This divergence between the 9 EMA and 20 EMA underlines a bearish outlook as the price remains well below these averages. The MACD (Moving Average Convergence Divergence) values indicate a continuing bearish crossover. The histogram, a useful gauge of momentum, has also shown a narrowing negative trend, moving from -0.0146 to -0.0012, suggesting that while the bearish momentum is decreasing, it still persists. RSI (Relative Strength Index), another critical indicator, corroborates the prevailing bearish sentiment with readings under the 50 threshold in recent periods, ranging between 36.4 and 43.5. These figures indicate that the asset is neither in a clear oversold nor overbought territory but shows a lack of upward strength. Considering these factors, potential entry and exit points emerge for both long and short trades. For long positions, traders might consider entering near the strong support level of $0.914, with a close watch on a breakout above the 9 EMA for additional confirmation. Conversely, short opportunities could arise near the resistance levels of $1.201 and $1.209, especially if the price struggles to breach these levels on increasing volume. Stop-loss orders would be prudent above $1.209 for shorts and below $0.879 for longs, respecting these well-defined support and resistance zones. #ENA #BullorBear
--

Latest News

Bitcoin's 'Halving' Impact on Mining and Market Value
--
Major US Banks Warn Crypto Investors Ahead of Bitcoin Halving
--
Tether CEO Aims To Collaborate With One Of The Big Four Accounting Firms
--
Uniswap Foundation Announces Code Freeze for v4-Core (PoolManager)
--
Lambda Finance Secures $1.8 Million in Angel Round Funding
--
View More

Trending Articles

Bitcoin Dominance Increases As Halving Nears and BTC Price Lingers Near $61K
avatar
CoinDesk
Global Interest in Bitcoin Halving Reaches New Heights
avatar
Cryptopolitan
Ethena USDe Tops $2.3B Market Cap but Risks Identified
avatar
CryptoPotato
Hong Kong Greenlights Spot Bitcoin and Ethereum ETFs As Crypto Market Bounces
avatar
CryptoPotato
Bitcoin Back in Green As Crypto Market Awaits Hong Kong Spot ETF Decision
avatar
CoinDesk
View More
Sitemap
Cookie Preferences
Platform T&Cs
Sitemap
Platform T&Cs
ba-one-trust-cookie