Shiba Ino's analysis shows that the price of this digital currency may drop to $0.000011 in the near future.
According to Cointelegraph, buyers tried to price Shiba Ino in the last 2 days
SHIB:
to move above the 20-day EMA (blue wave, $0.000014), however, sellers have not shortchanged their positions.
Sellers are trying to strengthen their positions by pushing Shiba Inu below the $0.00013 level. Their success will signal a continuation of the downtrend. In this case, the price of Shiba Inu can decrease to $0.000011 and then to $0.000010.
On the upside, the 50-day simple moving average (red wave, $0.000014) is of great importance. If buyers can break through this resistance, the price of Shiba Inu can use the momentum created and grow to $0.000016. Sellers at this level are expected to try to prevent the price from going up, however there is a chance they will fail.
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