{"id":150978,"date":"2023-09-06T22:23:00","date_gmt":"2023-09-06T16:53:00","guid":{"rendered":"https:\/\/dripp.zone\/news\/will-shiba-inu-coin-regain-0-00001-mark-crypto-news\/"},"modified":"2023-09-06T22:23:03","modified_gmt":"2023-09-06T16:53:03","slug":"will-shiba-inu-coin-regain-0-00001-mark-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-shiba-inu-coin-regain-0-00001-mark-crypto-news\/","title":{"rendered":"Will Shiba Inu Coin Regain $0.00001 Mark? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-158645\">\n<p>\nA channel pattern governs the current downtrend in SHIB price; Should you sell this?\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\/06221037\/ShUrxRYy-e1694018462560.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\">With the leading cryptocurrency Bitcoin gaining strong support at $25000 the prominent altcoins have started witnessing demand pressure. As a result, the aggressive downfall in the Dog-themed memecoin reverted to the $0.0000074 level to trigger a minor pullback. However, with the overall negative market trend intact, will the SHIB price hold $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\/just-in-shibarium-rug-pull-shakes-shib-and-binance-smart-chain\/\">Shibarium Rug Pull Shakes SHIB and Binance Smart Chain<\/a><\/p>\n<h2><b>Bullish Reversal Opportunity at $0.000007<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The SHIB price below daily EMAS(20, 50, 100, and 200) accentuates the overall downtrend.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A technical chart reflects a reversal opportunity 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 $94 Million, showing a 5.7% 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\/s\/ShUrxRYy.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/s\/ShUrxRYy.png\" alt=\"SHIB Price Prediction\" width=\"1946\" height=\"1104\"\/><\/noscript>Source- Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400\">Within a month, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/shiba-inu\/\">Shiba Inu price<\/a> has witnessed an aggressive sell-off. From the last swing high of $0.00001136, the memecoin lost a market value of 35.6% to reach a low of $0.0000075.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Currently, the price action is witnessing a minor pullback in its downtrend as the broader market witnesses demand pressure. The uptick could recuperate the exhausted selling pressure and resume the downward trendline.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">By the press time, the SHIB price traded at $0.000000765 with an intraday gain of 0.13%. However, a long-upper wick rejection candle indicates the overhead supply pressure. With sustained selling, the coin price is poised to hit the demand zone at $0.00000725-$0.000007.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">However, this falling price is associated with decreasing volume indicating weakness in bearish momentum. Therefore, the coin traders may witness demand pressure at the $0.000007 mark for a potential rebound.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><b>Should You Buy SHIB Price at $0.000007?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">The Shiba Inu\u2019s price currently hovers near a crucial support level at $0.000007. While this level is expected to offer significant buying pressure, the technical chart portrays a broader bearish outlook, marked by a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/falling-wedge-pattern-what-to-do-if-it-appears-on-a-crypto-chart\/\">descending wedge pattern<\/a>. This pattern is characterized by the coin\u2019s price fluctuating between two narrowing trendlines. Even if the Shiba Inu enthusiasts drive a recovery from this support, a genuine bullish turnaround would necessitate a break above the upper trendline. This Breakout would propel this memecoin above the $0.00001 mark.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Bollinger Band: <\/b><span style=\"font-weight: 400\">The narrow range of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bollinger-band\/\">Bollinger band indicator<\/a> reflects indecisiveness among traders.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Average Directional Index: <\/b><span style=\"font-weight: 400\">A slight upswing in the ADX Slope reflects the sellers\u2019 strengthening their grip over the coin.<\/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-regain-0-00001-mark\/&#038;text=SHIB Price Prediction: Will Shiba Inu Coin Regain $0.00001 Mark in September?\" 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-regain-0-00001-mark\/\" 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-regain-0-00001-mark\/\" 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-regain-0-00001-mark\/\" 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=\"TabA158645\">\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=\"TabD158645\">\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>A channel pattern governs the current downtrend in SHIB price; Should you sell this? Published 10 seconds ago With the leading cryptocurrency Bitcoin gaining strong support at $25000 the prominent altcoins have started witnessing demand pressure. As a result, the aggressive downfall in the Dog-themed memecoin reverted to the $0.0000074 level to trigger a minor [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":150979,"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-150978","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\/150978","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=150978"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150978\/revisions"}],"predecessor-version":[{"id":150980,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150978\/revisions\/150980"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/150979"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=150978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=150978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=150978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}