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{"id":550195,"date":"2023-09-06T04:37:34","date_gmt":"2023-09-06T04:37:34","guid":{"rendered":"https:\/\/uniquehot.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:\/\/uniquehot.com\/news\/shib-price-prediction-shiba-inu-hurdles\/","title":{"rendered":"SHIB Price Prediction: Here\u2019s What Could Trigger Recovery In Shiba Inu"},"content":{"rendered":"

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 $0.000008.<\/em><\/p>\n

\n
Shiba Inu price extended its decline and tested the $0.0000074 zone against the US Dollar.<\/li>\n
The price is now trading below $$0.000008 and the 100 simple moving average (4 hours).<\/li>\n
There is a key bearish trend line forming with resistance near $0.0000077 on the 4-hour chart of the SHIB\/USD pair (data source from Kraken).<\/li>\n
The pair could start a recovery wave if it clears the $0.0000078 and $0.0000080 levels.<\/li>\n<\/ul>\n
SHIB Price Faces Uphill Task<\/h2>\n
In the past few days, SHIB price saw a steady decline below the $0.0000088 level. The bears were able to push the price below the key support at $0.0000080.<\/p>\n
Finally, Shiba Inu found support near the $0.0000074 zone. A low is formed near $0.00000739 and the price is now attempting a recovery wave, like Bitcoin<\/a> and Ethereum<\/a>. It is now consolidating near the 23.6% Fib retracement level of the downward move from the $0.00000845 swing high to the $0.00000739 low.<\/p>\n
However, SHIB price is trading below $$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
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
$\"SHIB$ <\/p>\n
Source: SHIBUSD on TradingView.com<\/a><\/p>\n
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
More Losses In Shiba Inu?<\/h2>\n
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
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
Technical Indicators<\/p>\n
4 Hours MACD \u2013 The MACD for SHIB\/USD is losing pace in the bearish zone.<\/p>\n
4 Hours RSI (Relative Strength Index) \u2013 The RSI for SHIB\/USD is currently below the 50 level.<\/p>\n
Major Support Levels \u2013 $0.0000075 and $0.000074.<\/p>\n
Major Resistance Levels \u2013 $0.0000078, $0.0000080 and $0.0000088.<\/p>\n","protected":false},"excerpt":{"rendered":"
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":"\nSHIB 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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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"SHIB Price Prediction: Here\u2019s What Could Trigger Recovery In Shiba Inu","url":"http:\/\/uniquehot.com\/news\/shib-price-prediction-shiba-inu-hurdles\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/shib-price-prediction-shiba-inu-hurdles\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/iStock-1327123774-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/iStock-1327123774-1.jpg?fit=2121%2C1414"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["shib","shib\/btc","shib\/usd","shib\/usdt","shiba inu"],"dateCreated":"2023-09-06T04:37:34Z","datePublished":"2023-09-06T04:37:34Z","dateModified":"2024-06-11T13:16:23Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"SHIB Price Prediction: Here\\u2019s What Could Trigger Recovery In Shiba Inu\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shib-price-prediction-shiba-inu-hurdles\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shib-price-prediction-shiba-inu-hurdles\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/iStock-1327123774-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/iStock-1327123774-1.jpg?fit=2121%2C1414\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"shib\",\"shib\\\/btc\",\"shib\\\/usd\",\"shib\\\/usdt\",\"shiba inu\"],\"dateCreated\":\"2023-09-06T04:37:34Z\",\"datePublished\":\"2023-09-06T04:37:34Z\",\"dateModified\":\"2024-06-11T13:16:23Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/iStock-1327123774-1.jpg?fit=2121%2C1414","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/550195"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=550195"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/550195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/550198"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=550195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=550195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=550195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}