The post Shiba Inu Recovers After The Crash To $0.00001067 appeared on BitcoinEthereumNews.com.

Feb 21, 2025 at 15:48 // Price The price of Shiba Inu (SHIB), which had fallen on Feb. 3, is now trading above the $0.00001475 support but below the moving average lines. Shiba Inu price long term forecast: bearish Buyers have tried to hold the price above the 21-day SMA but failed. The start of a new uptrend will be indicated by a break above the 21-day SMA. SHIB will continue to rise until it reaches the 50-day SMA and then its high of $0.00002400. The altcoin has fallen to the current support level of $0.00001475. SHIB consolidates when the doji candlestick appears. The altcoin will fall to the lowest price level of $0.00001250 if the current support is broken. SHIB is now worth $0.00001547. Analysis of the Shiba Inu price indicators According to price analysis by Coinido.com, the SHIB price bars are located at the bottom of the chart and below the moving average lines. As the altcoin has consolidated above the current support, the selling pressure has eased. The price bars on the 4-hour chart are above and below the horizontal moving average lines. Technical indicators Key Resistance levels: $0.00002800, $0.00002900, $0.00003000 Key Support levels: $0.00002200, $0.00002000, $0.00001900 What is the next move for Shiba Inu? SHIB is trading sideways between the prices of $0.00001500 and $0.00001700. The altcoin is correcting upwards on the 4-hour chart as it crosses above the 21-day SMA.  The 50-day SMA shows an extension of the bullish momentum. The uptrend will continue if the price breaks the barrier at $0.00001700 and the 50-day SMA. Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds. Source: https://coinidol.com/shib-after-crash/

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Filed under: News - @ February 21, 2025 4:28 pm