Shiba Inu (SHIB) Price Analysis
Author: David CastilloObserving the 1-day Shiba Inu price analysis, a descending trend can be observed. Volatility has arisen as the Bollinger Band indicator has diverged. The MACD (Moving Average Convergence Divergence) suggests a bearish environment as the histogram provides negative values, along with the MACD line (blue) trading below the signal line (red). Similarly, the 4-hour technical analysis showcases the decreasing volatility, as is evident from the Bollinger Bands indciator showing the upper band at $0.00001047, while the lower band at $0.00001014. It indicates the asset’s price to be within a narrow range, signifying a period of consolidation.
Investors must note that the long-term trend for SHIB might be negative, however, the current slight correction may provide traders an opportunity of trading it during a possible bullish movement in the near future. Therefore, it is important for investors to closely monitor the asset and be ready to take advantage of any potential trend reversal or maintenance. It is worth noting that undertaking any action without conducting proper research and judgment is at the risk of the trader, and Coin Edition or its affiliates may not be held responsible for any losses incurred.