A crypto analyst that was identified as a “monocoin signal” for Tradingview has shared different forecasts for the Shiba Inu Prize. As the second largest Mememinus Put a recovery This analyst has sketched at a new all -time high Key resistance and support levels take care of
Shiba Inu price restoration depends on these levels
Has monocoin signal published a detailed Shiba Inu price analysisOutputs important technical indicators and levels that could determine the next step towards one ATH recovery. The Shiba Inu Prize currently traded with $ 0.000013 reflects a severe decline compared to the previous high of $ 0.000015 on March 10.
In its 1-hour diagram, the TradingView analyst emphasizes that the SHIB is currently testing an important support zone around the level of $ 0.00000011. If its downward trend remains, the Meme coin is expected to be due to additional support levels of $ 0.0000105 and USD 0.000010.
The price of Shiba Inu is currently under the short-term moving average values (MA) and solidifies its bear position within this period. It is Relative strength index (RSI) Also approaches the oversized area and indicates a potential price if the purchase pressure takes on.
Prediction of a potential Bullish Case scenarioMonocoin signal shows three important resistance zones to pay attention to: $ 0.0000127, $ 0.000014 and $ 0.000015. The analyst suggests that these levels A could trigger a Strong rebound for the Meme coin.
If Shiba Inu is at 0.00000011 above support level, it could lead to a rally to the above resistance zones between 0.000000127 and 0.000014 US dollars. Because of the The latest decline in the marketMonocoin signal has recognized that all profits of the price will be limited and short -lived.
At the moment, Shibs bear performance Consistency with the broader crypto market Bitcoin crashed Under 85,000 US dollars. The trading view analyst mentions that the current market trend of Shiba Inu emphasizes a bearish position from the medium to long -term.
With the latest X -social media Shib -Token burnsThe TradingView analyst believes that the gradual reduction in offer could ultimately attach a price increase in the Shib over time.
Shib uptrend at risk when price burns are supported
On the other hand, Monocoin signal also shared a bearish case scenario for the Shiba Inu Prize if the downward trend. The analyst predicted this if The sale of the pressure triggers a separation Below the support level at 0.000011110, Shiba Inu can slip around 0.00001051 $ 0.00001051 or $ 0.00001001.
While Shiba Inus emphasizes the latest token burns a positive long-term outlook, the analyst suggests that its effects will probably not trigger a significant increase in this short time frame. With the SHIB price, Monocoin signal calls on investors and dealers to monitor the market for catalysts, which could either influence the next step of the Meme coin.
Selected picture of Unsplash, diagram of tradingview.com
Editorial process Because Bitcoinist focuses on delivering thoroughly researched, accurate and impartial content. We comply with strict procurement standards and each page is diligently checked by our team of top technology experts and experienced editors. This process ensures the integrity, relevance and the value of our content for our readers.