Blog

Follow our blog and discover the latest trends in the Crypto market

Shiba Inu optimistic and recovering positions



Shiba Inu Cryptocurrency Analysis Tuesday, April 19, 2022

Shiba Inu Price Prediction for April 19, 2022

With the cryptocurrency market recovering a bullish position, Shiba Inu (SHIB) has found an optimistic rhythm. Shiba Inu has been on an upward trajectory in recent days after posting a 10% jump this week amid Bitcoin's rally to $42K. Meanwhile, rival meme coin Dogecoin jumped more than 8% this week, while Ethereum trades more than 10%.

SHIB's current bullish outlook comes as a result of Bitcoin's rebound. Key Shiba Inu Levels to Watch: Apr 19 SHIB has fallen into inertia after experiencing a strong rejection of the $0.0000250 resistance since Monday. Doge's rival meme coin posted a 12% drop to a low of $0.0000220 on Monday as it slipped below the critical support line of $0.00002275, where it is currently struggling to recover.


That being said, we could see an extension of the prevailing sideways pattern for a while longer and a possible drop to the $0.0000265 level as the price breaks out of oversold conditions. A return to oversold territories on my 4hrs stochastic indicator should help Shiba Inu attract massive buying and retest the $0.0000290-$0.0000300 zone in the near term.


Total Market Cap: $2.14 Billion Shiba Inu Market Cap: $14.9 Billion Shiba Inu Dominance: 0.69% Market Position: #15




Note: SignalsBitcoin.com is not a financial advisor. Do your research before investing your funds in any financial asset or featured product or event. We are not responsible for your investment results


SignalsBitcoin.com