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While we sail through the horrible performances of .cwp-cin-chart svg path {avc-width: 0.65! IMPORTANT; }
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In recent months, it is obvious that the ETH and its ecosystem parts have been lagging behind the market.
However, Shib, one of the largest pieces of crypto, slightly surpasses the ETH in the monthly graph, although it is based on the Ethereum network and its ecosystem.
Let us try to dive into the key price levels of the Shiba Inu Chart, its support and its resistance and price forecasts.
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Let us analyze some of the price movements of Shiba!
Experts have different opinions on the shib graphic. Some are optimistic in the long term, while some offer a short -term reversal after what seems likely to be a double background. A double background is generally formed after a downward trend, which indicates that the asset is likely to reverse the course and start an upward trend.
By looking at the monthly time of Shiba Inu, he is currently consolidating in the range of 0.0000001150 at $ 0.00001250, which is identified as a historically significant support area for the SVG-Coin-Chart {stroke width: 0.65! IMPORTANT; }
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. As it consolidates around 0.0000001198, this support area becomes essential for short -term merchants and long -term investors.
Shib must exceed $ 0.00001,250 for a confirmed bullish movement. If this resistance is eliminated, it could point out the start of a new upward trend.
But with the (RSI) for SHIB currently seated at 51.96, indicating a feeling of neutral market, Shib is in neutral territory. This suggests that Shib will probably remain in its current consolidation unless something changes.
Traders must monitor key levels: support from 0.0000001010505050 50,050,050,050,050,050,050,050,050,050,050,050,050,050,050,050,050,00,000,0.001,250 to $ 0.00001,250 $ 0.00001250.
If Shib brew above the level of resistance, volume overvoltages generally accompany eruptions. A significant increase in volume could mean a strong purchase interest in validating the break, while a low -volume escape generally means that the price move lacks conviction.
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Let us now focus on short-term prices action.
Looking at the weekly table, the volume bar indicates a drop in commercial activity. The price has repeatedly tested the level around $ 0.0000,120 to $ 0.0000,125, but failed to surpass itself.
Leaning towards the lower biases while the graph shows minor bullish pumps, the lack of significant price movement and the resistance tests suggest a short -term lowering diagram.
Given what we have seen in the weekly and monthly graphs, take the waiting and observation strategy!
Either for a clear rupture and hold it above the resistance at 0.0000125 to open a long position, or if the price breaks below the care of 0.00001150 for short positions.
$ Shib The pattern is composed and it is prepared for a break in the weekly graph.
I expect an increase by here if the bitcoin did not spoil it. pic.twitter.com/bqr5pw9bql
– $ Shib Knight (@army_shiba) April 16, 2025
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The monthly graph seems good while the weekly graph suggests more consolidation.
Shiba Price Action seems promising in the long term but boring in the short term.
Analysis of post-Shiba Inu cryptography: Shib Outperforming ETH appeared first on 99Bitcoins.
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