Crypto:
29757
Bitcoin:
$67.246
% 0.20
BTC Dominance:
%54.3
% 0.12
Market Cap:
$2.43 T
% 0.29
Fear & Greed:
73 / 100
Bitcoin:
$ 67.246
BTC Dominance:
% 54.3
Market Cap:
$2.43 T

Shiba Inu Graphic Review and Price Analysis!

Shiba Inu

Shiba Coin (SHIB) is a cryptocurrency based on Ethereum. Also, SHIB, created in 2020, was developed by a community related to a dog breed called Shiba Inu. Additionally, SHIB, seen as a similar version of Dogecoin, attracted the attention of many people because the Shiba Inu dog was used as a symbol in the logo and it had a humorous and social media-focused approach similar to Dogecoin.

You might like: What is Shiba INU ($SHIB)?

We are evaluating the chart formation by Shiba Inu, market trends, trading volume, and possible future moves. SHIB seems to be about to complete a double bottom formation on the daily chart. It is currently at the neckline and if it can break this line upwards and close above it, an uptrend may begin. However, we have an order block at the 0.011 level just above the neckline, and this is an important resistance point. This point may create some difficulties for SHIB and we may expect a small horizontal movement. If it manages to overcome this area, it can easily rise to the already targeted 0.014 level.

Shiba Inu
SHIB Daily Chart

The MACD indicator is currently in a positive state and supportive of the rise. If the neckline is broken, we may start to see green volume blocks on the MACD indicator. Also, it currently seems to be in the volume accumulation phase.

Shiba Inu
MACD Indicator on SHIB

The RSI indicator is also in a positive state and has managed to jump above the 70 level. Thus, our indicator, which is going from the rise to the descent, is in a state that will fully support the upward movement in the region.

RSI Indicator on SHIB
RSI Indicator on SHIB

Shiba Inu (SHIB) Market Data

Market Value: $6.03 billion (1.87% increase, ranking: #16)

Daily Trading Volume: $466.34 million (55.81% increase, ranking: #20)

Trading Volume / Market Value (24s): %7.73

Circulating Supply: 589.35 trillion SHIB

Total Supply: 589.59 trillion SHIB

Full Market Value: $6.03 billion

You can easily buy and sell SHIB INU Token from Global Exchanges such as Binance, BitGet, Kucoin, Mexc, Huobi, and Gate.io. If you want to take advantage of the discount link defined exclusively for Coin Engineer followers, you can use our referral code by clicking on the exchange you want to register.


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