SHIB Price Recovers From $0.00001280 as Market Momentum Shifts

In the past 24 hours, Shiba Inu has experienced notable price fluctuations as the market dynamics shift. Currently, SHIB trades at $0.00001355, reflecting a 0.01% decline. With a strong market capitalization of $7.88 billion and a 24-hour trading volume of $169 million, SHIB is suggesting a strong bullish rally in the crypto world. However, many market participants still doubt whether it is the right time to invest in SHIB. Here is the detailed analysis of Shiba Inu for the last 24 hours, offering clear insight for the traders to find the buy or sell momentum to yield remarkable returns

SHIB Dipped to $0.00001280 – April 30, 2025

On April 30, 2025, the SHIB trading day started with a brief rise. At 01:00 UTC, a pin bar formed and tested resistance at $0.00001353 and pulled back to $0.00001330. A Death Cross on moving crossovers at 01:15 UTC confirmed this price decline. At this level, support was found at 01:45 UTC and pushed upward. Later, at 05:05 UTC, a doji bar formed, followed by a key bar, a full-body red candle, indicating a potential trend reversal. As expected, a short-term bearish momentum took over and pushed SHIB to $0.00001327. At 07:45 UTC, support was found at $0.00001327 t 07:45 and experienced a bullish momentum

SHIB/USDT daily chart, analyzed by Buvaneswari_L, published on TradingView, May 1, 2025

At 11:30 UTC, an RSI overbought condition, hinting at a potential trend reversal. Likely, a pin bar formed at $0.00001353 signaled a potential downtrend at 12:05 UTC. As expected, at 12:40 UTC, the price experienced a sharp fall, breached a breakdown, and declined to a low of $0.00001280. A Death Cross on moving crossovers at 12:10 UTC endorsed this ensuing downfall. However, at 13:50 UTC, an RSI oversold condition was encountered, signaling a potential trend reversal. At 13:55 UTC, support was found at $0.00001280 and triggered to move upward. A Golden Cross on MACD at 14:10 UTC confirmed this upward movement

Conversely, at 18:15 UTC, SHIB price resisted at $0.00001327 and dipped to $0.00001311. At this level, at 19:30 UTC, support was found and peaked at $0.00001338 at 20:35 UTC. Considerably, at 20:25, the RSI indicator entered the Overbought zone, hinting at a possible downtrend. As expected, the price movement resisted at $0.00001338, experienced a short-term bearish trend, and closed at $0.00001324

SHIB Recovered From Recent Dip – May 1, 2025

As illustrated in the daily chart, on May 01, Shiba Inu price started to move in an upward trajectory. However, at 02:00 UTC, a Death Cross on MACD aligned with the RSI overbought zone, signaling a bearish momentum. As expected, at 02:25 UTC, a pin bar formed as a signal bar, followed by a full-body red candlestick, hinting at a trend reversal. Likely, at $0.00001345, the price resisted and pulled to $0.00001321 at 04:20 UTC. Later, support was found, pushed upward, and led to a breakout. A Golden Cross on MACD at 04:50 UTC asserted this upward momentum

Will SHIB Price Build a Strong Momentum?

In today’s SHIB price analysis, Shiba Inu is projected to undergo a notable upward trajectory. This strongly suggests that bullish momentum is approaching. In a possible scenario, if the price movement continues its uptrend, it could exhibit a bullish trend. In case it fails in its breakout attempt, SHIB could be pulled back and enter the phase of consolidation or experience a steep decline. So, to find the right moment to invest in SHIB, keep monitoring the key levels and make an informed decision when trends shift.

SHIB-0.24%
STRONG2.3%
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