{"id":120373,"date":"2023-07-10T14:57:07","date_gmt":"2023-07-10T14:57:07","guid":{"rendered":"https:\/\/dripp.zone\/news\/shiba-inu-price-strikes-150-days-resistance-is-0-00001-within-reach-crypto-news\/"},"modified":"2023-07-10T14:57:11","modified_gmt":"2023-07-10T14:57:11","slug":"shiba-inu-price-strikes-150-days-resistance-is-0-00001-within-reach-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/shiba-inu-price-strikes-150-days-resistance-is-0-00001-within-reach-crypto-news\/","title":{"rendered":"Shiba Inu Price Strikes 150-Days Resistance;  Is $0.00001 Within Reach?\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-153870\">\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img loading=\"lazy\" width=\"1946\" height=\"1104\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/10195843\/PW8AN77V.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Shiba Inu Price\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 21 minutes ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">  After months of a steady downtrend, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/shiba-inu\/\">Shiba Inu Price<\/a> managed to breach the key resistance trendline on July 9th, indicating a potential shift in the market sentiment.  Furthermore, with a red candle in the daily chart, the buyers are currently in the process of validating its sustainability at higher prices and the opportunity to buy famous memecoin.  How far can the potential rally take the SHIB price?<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/shiba-inu-burn-rate-spikes-over-3000-shib-whale-transactions-at-3-month-high\/\">Shiba Inu Burn Rate Spikes Over 3000%, $SHIB Whale Transactions At 3-Month High<\/a><\/p>\n<h2><b>Shiba Inu Price Daily Chart: <\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">On June 9th, the Shiba Inu price experienced a significant breakout, defying months of a downtrend and offering traders a chance to ride the bullish wave.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">As SHIB retraces slightly after the breakout, buyers must hold the newly flipped support to fuel a potential rally.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume of the Shiba Inu coin is $116.2 Million, showing a 23% loss.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"TradingView Charts\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/p\/PW8AN77V.png\"\/><noscript><img decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/p\/PW8AN77V.png\" alt=\"TradingView Charts\"\/><\/noscript>Source- Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Shiba Inu (SHIB) coin was locked in a downtrend for the past five months, facing consistent selling pressure at price rallies.  However, in line with the Dow theory of the financial market, which suggests that no trend remains the same forever, SHIB price managed to break through this persistent resistance on June 9th, signaling a potential market shift.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">Currently trading at $0.0000075, the SHIB price experienced a 2.7% intraday loss, prompting a pullback to retest the breached trendline for potential support.  The sustainability of this support will be crucial in determining the continuation of the recovery rally. <\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">If buyers can establish a foothold at newfound support, SHIB buyers may embark on a recovery journey, potentially pushing the price higher by 12%.  Notable barriers await at $0.00000838 and $0.00000976, providing traders with targets to monitor.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><strong>Can SHIB Price Go Back To $0.0000064?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">If the broader market sentiment remains uncertain, a breakdown below the trendline with a daily candle closing, would invalidate the bullish thesis and indicate a return to the downtrend.  This breakdown would reveal a bull trap which would intensify the selling pressure.  In such a scenario, Shiba Inu price could retest support at $0.00000642.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Relative Strength Index: <\/b><span style=\"font-weight: 400;\">The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">RSI value<\/a> below 50% suggests weakness in the bullish momentum, warranting caution for a fake breakout.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Exponential Moving Average<\/b><span style=\"font-weight: 400;\">: The reclaimed 20-day <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/exponential-moving-average-how-to-leverage-it-in-crypto-market\/\">Ema<\/a> serves as a potential support level, aiding buyers in sustaining the current breakout.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA153870\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>From the past 5 years I am working in Journalism.  I follow the Blockchain &#038; Cryptocurrency from last 3 years.  I have written on a variety of different topics including fashion, beauty, entertainment, and finance.  Reach out to me at brian(at)coingape.com                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD153870\">\n<p>    The content presented may include the personal opinion of the author and is subject to market conditions.  Do your market research before investing in cryptocurrencies.  The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Published 21 minutes ago After months of a steady downtrend, the Shiba Inu Price managed to breach the key resistance trendline on July 9th, indicating a potential shift in the market sentiment. Furthermore, with a red candle in the daily chart, the buyers are currently in the process of validating its sustainability at higher prices [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":120374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-120373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=120373"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120373\/revisions"}],"predecessor-version":[{"id":120375,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120373\/revisions\/120375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/120374"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=120373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=120373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=120373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}