Shiba Inu (SHIB) Buildup At This Price Level Could Be Favorable<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) price hovers above 20 EMA and 50 EMA with the bulls taking control of the pace. Shiba Inu showing an intense bullish trend SHIB trailing\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-buildup-favorable\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shiba Inu (SHIB) Buildup At This Price Level Could Be Favorable\" \/>\n<meta property=\"og:description\" content=\"Shiba Inu (SHIB) price hovers above 20 EMA and 50 EMA with the bulls taking control of the pace. 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{"id":498631,"date":"2022-08-13T12:37:59","date_gmt":"2022-08-13T12:37:59","guid":{"rendered":"https:\/\/wncen.com\/?p=498631"},"modified":"2024-06-12T09:22:09","modified_gmt":"2024-06-12T09:22:09","slug":"shiba-inu-buildup-favorable","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-buildup-favorable\/","title":{"rendered":"Shiba Inu (SHIB) Buildup At This Price Level Could Be Favorable"},"content":{"rendered":"

Shiba Inu (SHIB) price hovers above 20 EMA and 50 EMA with the bulls taking control of the pace.<\/span><\/p>\n

SHIB retests at the $0.0126 mark; hints at high volatility<\/span><\/li>\n<\/ul>\n

SHIB has seen a robust buying activity for the past month with the popular dog meme coin seen to be leveling off in the $0.01239 to $0.0126 range.\u00a0<\/span><\/p>\n

SHIB Soars by 2.38%<\/b><\/h2>\nAccording to CoinMarketCap, Shiba Inu<\/a> is soaring by 2.38% and trading at $0.00001259.<\/span><\/p>\n
At this point, if buying activity gets stronger to retest $0.0126, a bullish breach may be expected following a slow phase.<\/span><\/p>\n
Buyers are facing hurdles in the supply zone that attempt to prevent the dog meme coin\u2019s recovery. On the other hand, the bulls are not letting their guard down and amplifying pressure that came in patterns of higher lows as seen in the past couple of weeks.<\/span><\/p>\n
The 20 EMA and 50 EMA are poised as support following the bull run. With the SHIB price hovering into the EMAs for quite some time, the coin is looking to breach the squeeze point and shift into high volatile waters in the next coming days.\u00a0\u00a0<\/span><\/p>\n
More so, as seen on its four-hour chart, Shiba Inu revealed an ascending triangle pattern giving away a bullish streak. However, the trading volumes were greatly reduced and are hitting a downtrend.<\/span><\/p>\n
Related Reading: Sandbox (SAND) Price Up 76% Since June Courtesy Of Metaverse Hype<\/a><\/div>\n
SHIB To Retest $0.0126 Zone<\/b><\/h2>\n
A close that hits above $0.0126 will validate the chances of a breach. When this happens, SHIB can recover and move towards the $0.0131 to $0.0133 zone. However, if SHIB can\u2019t afford to close anywhere above this range, then this would precipitate a movement closer to the EMAs.<\/span><\/p>\n
RSI has also been soaring for the past two days. Now, the buyers should breach the 59-level limits to increase recovery. While DMI has been strong and supports the bullish movement of SHIB, the ADX or altcoin\u2019s directional trend looks rather weak.<\/span><\/p>\n
With the bullish standpoint spotted close to the resistance level of $0.0126, the buyers are looking to intensify their activity in the next sessions. Now, reversals that occur from the burrowing resistance may imply a sluggish phase, and the targets may not move as intended.<\/span><\/p>\n
On the brighter side, SHIB shares an 88% 30-day spike with the king of crypto Bitcoin. With that in mind, Bitcoin\u2019s movement will impact SHIB’s performance and overall market sentiment.<\/span><\/p>\n
<\/p>\n
SHIB total market cap at $6.8 billion on the daily chart | Source: TradingView.com<\/a>\r\n\r\nFeatured image from The Motley Fool, Chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu (SHIB) price hovers above 20 EMA and 50 EMA with the bulls taking control of the pace. Shiba Inu showing an intense bullish trend SHIB trailing above 20 EMA and 50 EMA SHIB retests at the $0.0126 mark; hints at high volatility SHIB has seen a robust buying activity for the past month with the popular dog meme coin seen to be leveling off in the $0.01239 to $0.0126 range.\u00a0 Related Reading: Axie Infinity Under Bearish Grip, But AXS Investors Still Optimistic SHIB Soars by 2.38% According to CoinMarketCap, Shiba Inu is soaring by 2.38% and trading at $0.00001259. At this point, if buying activity gets stronger to retest $0.0126, a bullish breach may be expected following a slow phase. Buyers are facing hurdles in the supply zone that attempt to prevent the dog meme coin\u2019s recovery. On the other hand, the bulls are not letting their guard down and amplifying pressure that came in patterns of higher lows as seen in the past couple of weeks. The 20 EMA and 50 EMA are poised as support following the bull run. With the SHIB price hovering into the EMAs for quite some time, the coin is looking to breach the squeeze point and shift into high volatile waters in the next coming days.\u00a0\u00a0 More so, as seen on its four-hour chart, Shiba Inu revealed an ascending triangle pattern giving away a bullish streak. However, the trading volumes were greatly reduced and are hitting a downtrend. Related Reading: Sandbox (SAND) Price Up 76% Since June Courtesy Of Metaverse Hype SHIB To Retest $0.0126 Zone A close that hits above $0.0126 will validate the chances of a breach. When this happens, SHIB can recover and move towards the $0.0131 to $0.0133 zone. However, if SHIB can\u2019t afford to close anywhere above this range, then this would precipitate a movement closer to the EMAs. RSI has also been soaring for the past two days. Now, the buyers should breach the 59-level limits to increase recovery. While DMI has been strong and supports the bullish movement of SHIB, the ADX or altcoin\u2019s directional trend looks rather weak. With the bullish standpoint spotted close to the resistance level of $0.0126, the buyers are looking to intensify their activity in the next sessions. Now, reversals that occur from the burrowing resistance may imply a sluggish phase, and the targets may not move as intended. On the brighter side, SHIB shares an 88% 30-day spike with the king of crypto Bitcoin. With that in mind, Bitcoin\u2019s movement will impact SHIB’s performance and overall market sentiment. SHIB total market cap at $6.8 billion on the daily chart | Source: TradingView.com Featured image from The Motley Fool, Chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":498632,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,83740,92559],"tags":[1144,65296,8686,83668,84473,83667],"class_list":["post-498631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-shiba-inu","category-shiba-inu-coin","tag-btcusd","tag-ethbtc","tag-ethusd","tag-shib","tag-shib-price","tag-shiba-inu"],"acf":[],"yoast_head":"\nShiba Inu (SHIB) Buildup At This Price Level Could Be Favorable<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) price hovers above 20 EMA and 50 EMA with the bulls taking control of the pace. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu (SHIB) Buildup At This Price Level Could Be Favorable","url":"http:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-buildup-favorable\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-buildup-favorable\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Shiba-Inu-1.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Shiba-Inu-1.png?fit=967%2C649"},"articleSection":"Shiba Inu","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","ethbtc","ethusd","shib","shib price","shiba inu"],"dateCreated":"2022-08-13T12:37:59Z","datePublished":"2022-08-13T12:37:59Z","dateModified":"2024-06-12T09:22:09Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu (SHIB) Buildup At This Price Level Could Be Favorable\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-buildup-favorable\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-buildup-favorable\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Shiba-Inu-1.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Shiba-Inu-1.png?fit=967%2C649\"},\"articleSection\":\"Shiba Inu\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"ethbtc\",\"ethusd\",\"shib\",\"shib price\",\"shiba inu\"],\"dateCreated\":\"2022-08-13T12:37:59Z\",\"datePublished\":\"2022-08-13T12:37:59Z\",\"dateModified\":\"2024-06-12T09:22:09Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Shiba-Inu-1.png?fit=967%2C649","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/498631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=498631"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/498631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/498632"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=498631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=498631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=498631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}