{"id":150167,"date":"2023-09-05T19:15:06","date_gmt":"2023-09-05T13:45:06","guid":{"rendered":"https:\/\/dripp.zone\/news\/will-shiba-inu-coin-hold-0-000007-floor-crypto-news\/"},"modified":"2023-09-05T19:15:09","modified_gmt":"2023-09-05T13:45:09","slug":"will-shiba-inu-coin-hold-0-000007-floor-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-shiba-inu-coin-hold-0-000007-floor-crypto-news\/","title":{"rendered":"Will Shiba Inu Coin Hold $0.000007 Floor? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-158532\">\n<p>\nThe falling SHIB price holds a high probability of reverting from $0.000007 support. Time to accumulate?\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"681\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/09\/05190418\/nshSXpuw-e1693920875623.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"SHIB Price Prediction\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 10 seconds ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400\">The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/shiba-inu\/\">Shiba Inu coin price<\/a> in the weekly time frame chart shows a V-top reversal from the $0.00001136 level. The new lower high formed in this reversal suggests the overall trend is negative and could promote further downfall in the near term. Will the falling SHIB price find suitable support at $0.000007?<\/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\/burn-portal-is-in-the-works-shiba-inu-lead-developer-shytoshi-kusama\/\">\u201cBurn Portal is in the Works\u201d- Shiba Inu Lead Developer Shytoshi Kusama<\/a><\/p>\n<h2><b>Weakening Bearish Momentum Hints Reversal From $0.000007<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The falling SHIB price aligned with decreasing volume suggests the ongoing correction is temporary.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The coin buyers should experience strong demand pressure at $0.000007<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The intraday trading volume of the Shiba Inu coin is $88 Million, showing a 13% gain.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"SHIB Price Prediction\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/n\/nshSXpuw.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/n\/nshSXpuw.png\" alt=\"SHIB Price Prediction\" width=\"1946\" height=\"1104\"\/><\/noscript>Source- Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400\">The SHIB price correction phase showed an aggressive downfall with four consecutive red candles in the weekly time frame chart. From the $0.00001136 peak, this meme coin\u2019s market value dropped nearly 33% to currently trade at $0.00000757.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">With the selling pressure active, the Dog-themed memecoin will tumble 7.2% to hit the $0.000007 psychological support. However, this downward projection backed by decreasing volume activity indicates a weakness in bearish momentum.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Moreover, the anticipated fall to $0.0000073 will also obtain additional support from the 78.6% <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/fibonacci-retracement\/\">Fibonacci retracement level<\/a>. The coin holders must closely watch this support as buyers could step in to replenish bullish momentum.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><b>Here\u2019s How SHIB Price Kickstart a New Rally?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">While the Shiba Inu price is expected to witness demand pressure at $0.000007 support, the technical chart projects the overall trend as bearish and following the path of a falling wedge pattern. Under the influence of this pattern, the coin price constantly resonates between two converging trendlines. If the coin meme buyers manage to rebound from the aforementioned support, it would still need a breakout from the upper trendline to trigger a new bullish trend.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Bollinger Band: <\/b><span style=\"font-weight: 400\">An uptick in the lower band of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">Bollinger Band indicator<\/a> could offer another layer of support to market buyers.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Relative Strength Index: <\/b><span style=\"font-weight: 400\">The daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">RSI slope<\/a> above 40% accentuates sufficient buying momentum for a price reversal.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/shib-price-prediction-will-shiba-inu-coin-hold-at-0-000007\/&#038;text=SHIB Price Prediction: Will Shiba Inu Coin Hold or Fold at $0.000007?\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/shib-price-prediction-will-shiba-inu-coin-hold-at-0-000007\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/shib-price-prediction-will-shiba-inu-coin-hold-at-0-000007\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/shib-price-prediction-will-shiba-inu-coin-hold-at-0-000007\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA158532\">\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>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/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\/a533fdcf650a1d3d3b6a452bcef2d18a?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\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?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=\"TabD158532\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. 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<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The falling SHIB price holds a high probability of reverting from $0.000007 support. Time to accumulate? Published 10 seconds ago The Shiba Inu coin price in the weekly time frame chart shows a V-top reversal from the $0.00001136 level. The new lower high formed in this reversal suggests the overall trend is negative and could [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":150168,"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-150167","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\/150167","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=150167"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150167\/revisions"}],"predecessor-version":[{"id":150169,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150167\/revisions\/150169"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/150168"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=150167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=150167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=150167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}