Shiba Inu price analysis: SHIB shows bullish potential at $0.00001063

Shiba Inu price analysis shows a bullish trend for today. The digital asset is currently trading at $0.00001063 and shows signs of a breakout from the descending triangle pattern it has been trading in the last few days.

Timeline of Shiba-inu

Shiba Inu (SHIB) token has been trading under huge selling pressure lately. However, the biggest of the Ethereum (ETH) whale wallets seems to be holding the SHIB token even in the dip.

  The crypto sphere is now inching closer to retrieving its $1 Trillion market capitalization, after a heart-wrenching fall. With cryptocurrencies now portraying greener numbers, a myriad of forecasts, thesis, and exchanges of thoughts have been surfacing in the industry. One altcoin which is back to talks is Shiba Inu's SHIB.  The meme coin is now …

Shiba Inu is currently the second-largest crypto asset held among the top 100 Ethereum whales behind USDC, according to statistics from WhaleStats, although Ethereum (ETH) maintains the top rank. The most recent data from WhaleStats reveals the investment patterns of the top 100 non-exchange Ethereum addresses by wealth.

Shiba Inu price analysis displays almost bullish movement in the market, and the market moves towards a massive upward direction, raising the price of SHIB. After that, however, the cost of SHIB experienced a spike and increased to $0.00000806, from $0.00000736; on June 19, 2022, SHIB/USD gained further momentum and obtained a further increasing movement the.

With the overall cryptocurrency market going through a bumpy ride, Shiba Inu (CRYPTO: SHIB) has not been able to show any signs of growth over the last couple of months.  The meme coin is now at its 10-month low and showing no improvement.

Shiba Inu price analysis displays partial bearish movement in the market, and the market moves towards a somewhat upward direction, raising the price of SHIB. After that, however, the cost of SHIB experienced an increment and reached $0.00000778, from $0.00000718; on June 18, 2022, SHIB/USD gained further momentum and obtained a further increasing movement the following.

Shiba Inu price analysis displays a bearish movement in the market, and the market moves towards a negative direction, declining the price of SHIB significantly. After that, however, the cost of SHIB experienced a crash and decreased to $0.00000808, from $0.00000829; on June 17, 2022, SHIB/USD lost further momentum and obtained a massive decreasing movement.

A key technical indicator for the meme-inspired cryptocurrency Shiba Inu ($SHIB), the Relative Strength Index (RSI), is suggesting that the cryptocurrency is currently oversold after a major sell-off occurred in cryptocurrency markets. According to data from crypto analytics firm CryptoQuant, Shiba Inu's RSI is currently at 17, which suggests the cryptocurrency is strongly oversold. The

Shiba Inu price analysis displays partial bearish movement in the market, and the market moves towards a somewhat upward direction, raising the price of SHIB. After that, however, the cost of SHIB experienced an increment and reached $0.00000830, from $0.00000803; on June 16, 2022, SHIB/USD gained further momentum and obtained a further increasing movement the following.

Shiba Inu price analysis suggests an upwards movement to $0.00000900 The closest support level lies at $0.00000800 SHIB faces resistance at the $0.00000866 mark. The Shiba Inu price analysis shows that SHIB was unable to climb past the $0.00000900 mark, and the rejection has caused the price to fall back to the $0.00000800.