SHIB USDT Shiba Inu Technical Analysis

Shiba Inu logo In this Shiba Inu technical analysis, we will examine the current price action, trading volume, key levels and indicators for SHIB-USDT. Here are three sentences about Shiba Inu (SHIB) cryptocurrency: Shiba Inu is a decentralized cryptocurrency that utilizes the proof-of-work consensus algorithm and has a block time of 60 seconds. It features fast transactions and low fees, making it an attractive option for users looking for a reliable and efficient digital asset. Shiba Inu also has a strong community of supporters who contribute to its development and adoption.

Shiba Inu Price Overview:

As of October 02, 2023, Shiba Inu is trading at approximately 1e-05 USDT. Let’s dive into the detailed price action for SHIB-USDT:

Metric Value
Open (O) 1e-05
High (H) 1e-05
Low (L) 1e-05
Close (C) 1e-05
Volume (C) 2,944,709,494,496.00
  • Open (O): The opening price for today’s trading session was approximately 1e-05 USDT.
  • High (H): Shiba Inu reached a daily high of around 1e-05 USDT.
  • Low (L): The daily low for SHIB-USDT was approximately 1e-05 USDT.
  • Close (C): At the time of analysis, Shiba Inu is trading near its daily close of 1e-05 USDT.
Metric Value
1D Change (%) -2.93%
3D Change (%) -0.14%
7D Change (%) 0.27%
30D Change (%) -6.89%
90D Change (%) -4.82%
YTD Change (%) -9.65%

Over the past three days, SHIBUSDT has decreased by approximately -0.14%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 0.27%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with SHIBUSDT maintaining a downward trend of approximately -6.89%, despite intermittent fluctuations. Examining the last 90 days, SHIBUSDT has witnessed substantial decrease of approximately -4.82%, reflecting strong long-term confidence. Year-to-date, SHIBUSDT has steadily dropped by around -9.65%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Shiba Inu Live Chart:

You can access a live price chart for SHIB-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.29234.
  • Momentum score is -0.06888.

SHIB USDT Technical Analysis

Shiba Inu Trading Volume:

The trading volume for Shiba Inu (SHIB) over the past 24 hours has been significant, with approximately 2,944,709,494,496.00 USDT traded against SHIB. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): SHIB is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Shiba Inu is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for SHIB-USDT is currently in the low zone, around 44.90954. This suggests that Shiba Inu is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Shiba Inu (SHIB-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.