SHIB Price Prediction: Shiba Inu remains at crossroads

SHIB price is ranging inside a demand zone that extends from $0.0000117 to $0.0000168.
A decisive close above the 50 four-hour SMA at $0.0000214 will confirm the start of an uptrend.
This move could trigger a 33% upswing to $0.0000286, which is the supply zone’s lower boundary.

SHIB price has been ranging since May 13 but recently dipped into a crucial demand zone. Although Shiba Inu swept below this support area, it has managed to recover despite remaining range-bound.

SHIB price needs to establish clear trend

SHIB price turned bearish when it pierced the lower boundary of the demand zone, extending from $0.0000117 to $0.0000168. However, the swift recovery indicated otherwise. Regardless of this move, Shiba Inu is still consolidating inside the support area mentioned above.

Although a move past $0.0000168 is bullish, a confirmation will arrive when SHIB price shatters the 50 four-hour Simple Moving Average (SMA) at $0.0000214. Considering the recovery detailed above, the buyers are coiling up the meme-themed cryptocurrency for a run-up.

If the buyers manage to shatter the 50 four-hour SMA, investors can expect a swift rally to the base of the supply zone that extends from $0.0000286 to $0.0000318.

A further spike in bullish pressure will allow SHIB price to climb to its all-time high at $0.0000393.

SHIB/USDT 4-hour chart

On the flip side, a breakdown of the 100 four-hour SMA at $0.0000127 will signal a weakening buying pressure. In such a case, market participants can expect SHIB price to slice through the support level at $0.0000172, the base of the demand barrier detailed above.

This move would invalidate the bullish outlook and kick-start a 10% downswing to the recent swing low at $0.0000105.

Comments

Tom Needs Our Prayers As His Health Is Failing Him

Rumors are abounding that Tom Selleck’s health is becoming a problem, to the point that the show may be cancelled before its 7th season.. American actor and film producer. He is known for starring as private investigator Thomas Magnum in the television series Magnum, Reports from friends and colleagues of Tom Selleck say that the former action star is tortured daily while on the set of his hit TV show “Blue Bloods,” by his chronic rheumatoid arthritis. “Tom’s days as the car-jumping-scuba-diving-action star are a thing of the past,” one of his costars said. “He hates that his arthritis slows him down. Like most stars, there’s a stunt double for dangerous action shots, but Tom even uses the guy for simple scenes, like getting in and out of his police car. His arthritis bothers him more some days than others. But Tom’s an old-school, true professional, so he never complains about the pain.” Now, some in Tom’s family fear that the treatment that the actor is taking for arthritis, which

Tom Selleck is tortured daily because of his long-term disease, his friends say

If rumors are to be believed, fans of the 'man behind the mustache' might have considerable cause for alarm over the actor's health. Several articles have recently made the rounds, all with the same premise: Hollywood heartthrob, Tom Selleck is facing rapidly declining health as he suffers from a debilitating bout of arthritis. One such source to lay claim to Selleck's failing health is Ghanamma.com, whose information is supported by The Nation, an online newspaper. Both sources state that Selleck's arthritis is becoming increasingly painful and hindering, to the point where he can no longer do his own stunts. More than that, however, the publications reported that Selleck uses a stunt double not only for demanding, challenging scenes, but also for the more trivial, mundane tasks, such as simply climbing out of his police vehicle on set while filming Blue Bloods. Some days are worse than others for the former action star, unnamed sources said, claiming tha

Jennifer Lopez has her backside insured for... 28 million dollars!

The singer protects one of her favourite parts of her body A fter marrying Ben Affleck, Jennifer Lopez has returned to the stage, at an event in Capri, Italy, showing off her incredible voice and spectacular body. Precisely, the singer has insured several parts of her body, highlighting one above all: her backside. JLo has a booty that is in high demand, both by surgeons and by many women who try to copy it. Now, she has insured her backside for 28 million dollars, reflecting that she has invested a lot in her buttocks and wants to keep them in good condition to prevent any risks. From Daniel Craig to Angelina Jolie However, the singer is not the only celebrity to have some part of her body insured and there are several others who have insured body parts. One of them is Daniel Craig, who has an insurance policy for his muscles, which amounts to 9 million dollars. Craig decided to take out such insurance during the filming of Casino Royale, as he did not want stuntmen in th

Amazing Things

Search This Blog