Technical analysis of resistance levels (and some support) for the currency $SHIB
Shiba Inu (SHIB), based on the latest technical data:
--- #shiba⚡
1. Technical levels from Barchart
Current price: approximately 0.0000126 USD
Resistance levels:
First resistance: 0.0000132 USD
Second resistance: 0.0000138 USD
Third resistance: 0.0000141 USD
Support levels:
First support: 0.0000123 USD
Second: 0.0000120 USD
Third: 0.0000114 USD
---
2. Additional insight from CoinCodex
Quick resistances:
R1 = 0.00001300 USD
R2 = 0.00001329 USD
R3 = 0.00001354 USD
---
3. Analysis from CoinLore
First resistance: 0.0000128 USD — it must be broken for the upward trend to continue.
In contrast, the primary support is at 0.0000113 USD.
If the price breaks 0.0000128, the next resistances are up to:
0.0000147 USD
then 0.0000164 USD
---
4. Additional analysis from CCN
The price may struggle to exceed 0.000020 USD due to a large cluster of buyers at levels between 0.000015 and 0.000019 (who are currently at a loss, creating a strong supply wall).
The historical resistance level at 0.000017 had caused previous reversals, so resistance levels close to 0.000017 to 0.000020 present a clear challenge for the rise.
---
5. Targeted view from TheCryptoBasic
According to multi-timeframe analysis:
The first weekly resistance around 0.000015 USD — a weekly close above it may indicate continued upward movement.
The next resistance at 0.000017 USD — breaking it could open the door towards 0.000030 USD**!**
