Analysis of Shiba Ino today, September 8, 1403
Shiba Ino's analysis shows that the price of this digital currency may drop to $0.000012 in the coming days.
Summary of analysis
- Buyers of the Shiba Inu should push its price above the $0.000016 level and maintain its position within this range.
- In this case, its price may reach the level of 0.000020 dollars.
According to Cointelegraph, Shiba Inu buyers
SHIB:
They failed to hold the price above the 50-day simple moving average (red wave, $0.000015). This issue caused the sales pressure of Shiba Ino to grow.
Shiba Inu could not cross the 50-day simple moving average on August 25 (4 Shahrivar). This digital currency continued below the 20-day moving average (blue wave, $0.000014). There is a possibility that the price of Shiba Inu will decrease to the level of $0.000012. Of course, buyers will probably defend this level with all their might.
Buyers of the Shiba Inu should push its price above the $0.000016 level and maintain its position within this range. Shiba Ino's analysis shows that in this case its price may reach the level of $0.000020.
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