{"id":550195,"date":"2023-09-06T04:37:34","date_gmt":"2023-09-06T04:37:34","guid":{"rendered":"https:\/\/wncen.com\/?p=550195"},"modified":"2024-06-11T13:16:23","modified_gmt":"2024-06-11T13:16:23","slug":"shib-price-prediction-shiba-inu-hurdles","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shib-price-prediction-shiba-inu-hurdles\/","title":{"rendered":"SHIB Price Prediction: Here\u2019s What Could Trigger Recovery In Shiba Inu"},"content":{"rendered":"<p><em>SHIB price (Shiba Inu) is struggling below the $0.000008 resistance against the US Dollar. <\/em>Shiba Inu could start a recovery wave if it settles above <em>$0.000008.<\/em><\/p>\n<ul>\n<li>Shiba Inu price extended its decline and tested the $0.0000074 zone against the US Dollar.<\/li>\n<li>The price is now trading below $$0.000008 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a key bearish trend line forming with resistance near $0.0000077 on the 4-hour chart of the SHIB\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start a recovery wave if it clears the $0.0000078 and $0.0000080 levels.<\/li>\n<\/ul>\n<h2>SHIB Price Faces Uphill Task<\/h2>\n<p>In the past few days, SHIB price saw a steady decline below the $0.0000088 level. The bears were able to push the price below the key support at $0.0000080.<\/p>\n<p>Finally, Shiba Inu found support near the $0.0000074 zone. A low is formed near $0.00000739 and the price is now attempting a recovery wave, like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-bulls-hold-strong-25500\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-lacks-momentum-1650\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. It is now consolidating near the 23.6% Fib retracement level of the downward move from the $0.00000845 swing high to the $0.00000739 low.<\/p>\n<p>However, SHIB price is trading below $$0.000008 and the 100 simple moving average (4 hours). Besides, there is a key bearish trend line forming with resistance near $0.0000077 on the 4-hour chart of the SHIB\/USD pair.<\/p>\n<p>On the upside, the bears are protecting the $0.0000077 level and the trend line. The next major resistance is near the $0.0000078 level or the 50% Fib retracement level of the downward move from the $0.00000845 swing high to the $0.00000739 low.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-550196\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Shiba-Inu-SHIB-Price.png?resize=1024%2C468\" alt=\"SHIB Price Prediction\" width=\"1024\" height=\"468\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Shiba-Inu-SHIB-Price.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Shiba-Inu-SHIB-Price.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Shiba-Inu-SHIB-Price.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Shiba-Inu-SHIB-Price.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Shiba-Inu-SHIB-Price.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Shiba-Inu-SHIB-Price.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Shiba-Inu-SHIB-Price.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/SHIBUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">SHIBUSD on TradingView.com<\/a><\/p>\n<p>The main resistance is now forming near the $0.0000080 level. A close above the $0.0000080 level might send the price toward the $0.0000088 level. Any more gains might send the price towards the $0.0000092 level.<\/p>\n<h2>More Losses In Shiba Inu?<\/h2>\n<p>If Shiba Inu price fails to clear the $0.0000078 resistance, it could start another decline. Initial support on the downside is near the $0.0000075 level.<\/p>\n<p>The first major support is near the $0.0000074 level. The next major support is near the $0.0000072 level. If there is a downside break below the $0.0000072 support, there could be an extended decline towards the $0.0000070 zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 Hours MACD \u2013 The MACD for SHIB\/USD is losing pace in the bearish zone.<\/p>\n<p>4 Hours RSI (Relative Strength Index) \u2013 The RSI for SHIB\/USD is currently below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.0000075 and $0.000074.<\/p>\n<p>Major Resistance Levels \u2013 $0.0000078, $0.0000080 and $0.0000088.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SHIB price (Shiba Inu) is struggling below the $0.000008 resistance against the US Dollar. Shiba Inu could start a recovery wave if it settles above $0.000008. Shiba Inu price extended its decline and tested the $0.0000074 zone against the US Dollar. The price is now trading below $$0.000008 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.0000077 on the 4-hour chart of the SHIB\/USD pair (data source from Kraken). The pair could start a recovery wave if it clears the $0.0000078 and $0.0000080 levels. SHIB Price Faces Uphill Task In the past few days, SHIB price saw a steady decline below the $0.0000088 level. The bears were able to push the price below the key support at $0.0000080. Finally, Shiba Inu found support near the $0.0000074 zone. A low is formed near $0.00000739 and the price is now attempting a recovery wave, like Bitcoin and Ethereum. It is now consolidating near the 23.6% Fib retracement level of the downward move from the $0.00000845 swing high to the $0.00000739 low. However, SHIB price is trading below $$0.000008 and the 100 simple moving average (4 hours). Besides, there is a key bearish trend line forming with resistance near $0.0000077 on the 4-hour chart of the SHIB\/USD pair. On the upside, the bears are protecting the $0.0000077 level and the trend line. The next major resistance is near the $0.0000078 level or the 50% Fib retracement level of the downward move from the $0.00000845 swing high to the $0.00000739 low. Source: SHIBUSD on TradingView.com The main resistance is now forming near the $0.0000080 level. A close above the $0.0000080 level might send the price toward the $0.0000088 level. Any more gains might send the price towards the $0.0000092 level. More Losses In Shiba Inu? If Shiba Inu price fails to clear the $0.0000078 resistance, it could start another decline. Initial support on the downside is near the $0.0000075 level. The first major support is near the $0.0000074 level. The next major support is near the $0.0000072 level. If there is a downside break below the $0.0000072 support, there could be an extended decline towards the $0.0000070 zone. Technical Indicators 4 Hours MACD \u2013 The MACD for SHIB\/USD is losing pace in the bearish zone. 4 Hours RSI (Relative Strength Index) \u2013 The RSI for SHIB\/USD is currently below the 50 level. Major Support Levels \u2013 $0.0000075 and $0.000074. Major Resistance Levels \u2013 $0.0000078, $0.0000080 and $0.0000088.<\/p>\n","protected":false},"author":67,"featured_media":550198,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[83668,89321,89319,89320,83667],"class_list":["post-550195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-shib","tag-shib-btc","tag-shib-usd","tag-shib-usdt","tag-shiba-inu"],"acf":[],"yoast_head":"\n<title>SHIB Price Prediction: Here\u2019s What Could Trigger Recovery In Shiba Inu<\/title>\n<meta name=\"description\" content=\"SHIB price (Shiba Inu) is struggling below the $0.000008 resistance against the US Dollar. 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