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SHIB/USD Bulls Struggle as Price Dips Slightly

SHIB/USD
August 04, 2023

Shiba Inu (SHIBUSD) Retraces Along Rising Trendline from Oversold Region

SHIBUSD Analysis – Market Retraces Upward Alongside The Rising Trendline From The Oversold Region SHIBUSD retraces upward alongside the rising trendline from the oversold region. In June 2023, the Relative Strength Index (RSI) indicated the likelihood of an upward retracement. SHIBUSD heads u...
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July 28, 2023

Shiba Inu (SHIBUSD) Sets To Resume Its Downtrend As Price Meets Major Resistance

SHIBUSD Analysis: The Market Sets To Resume Its Downtrend As Price Meets Major Resistance SHIBUSD is set to resume its downtrend as the price meets major resistance. The diagonal resistance has been resisting the upward price flow since February 2023. As it appears, the downtrend is likely to conti...
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July 20, 2023

Shiba Inu (SHIBUSD) Resumes Its Downtrend As Price Forms A Continuation Pattern

SHIBUSD Analysis: The Market resumes its downtrend as the price forms a continuation pattern SHIBUSD resumes its downtrend as the price forms a continuation pattern. The last time a continuation formed was between March and May. Following the end of the continuation pattern, the price broke downwar...
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July 14, 2023

Shiba Inu (SHIBUSD) Consolidates Below Major Trendline as MACD Turns Bullish

SHIBUSD Analysis: Price Consolidates Below The Major Trendline As The MACD Flips Bullish SHIBUSD consolidates below the major trendline as the MACD flips bullish. The recent return of the MACD (Moving Average Convergence Divergence) indicator from the downside to the zero line reveals the presence ...
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July 07, 2023

Shiba Inu (SHIBUSD) Makes Modest Gains Despite Lingering Bearish Sentiment

SHIBUSD Analysis: Price Reluctantly Heads Upward As The Bears’ Presence Remains SHIBUSD reluctantly heads upward as the bears’ presence remains. The bears’ presence in the market has caused a continuous decline in price since February 2023. Since the inception of the downtrend, th...
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June 30, 2023

Shiba Inu (SHIBUSD) Buyers Eye Long Opportunities in Correction Phase

SHIBUSD Analysis: Buyers Seek Long Opportunities in the Ongoing Correction Phase SHIBUSD buyers seek opportunities in the ongoing correction phase. The price is currently undergoing a correction after a long period of downturn. The ongoing correction phase is the second major retracement since the ...
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June 24, 2023

Shiba Inu (SHIBUSD) Jerks Upward As Price Reacts Vehemently To $0.00000600 Support

SHIBUSD Analysis: Market Jerks Upward As Price Reacts Vehemently To $0.00000600 Support SHIBUSD jerks upward as the price reacts vehemently to the $0.00000600 support. Despite the market downtrend, the bulls stormed the market at major support. The major support at $0.00000600, formed the swing low...
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June 16, 2023

Shiba Inu (SHIBUSD) Retracts at $0.00000600; Undervalued Market Persists

SHIBUSD Analysis: Price Retracts At $0.00000600 As The Market Becomes Undervalued SHIBUSD retracts at $0.00000600 as the market becomes undervalued. The market’s bearish trend has begun since the RSI (Relative Strength Index) signaled that SHIBUSD was overpriced. The price cleared weak lows u...
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