• The analysis identifies a SHIB trading setup with a demand zone between $0.0000139 and $0.0000144
• Data shows a 0.84% rise in long-term Shiba Inu holders (over 1 year) and a decline in short-term traders (less than 1 month) by 3.12%
• A chart reveals that SHIB is exhibiting a descending triangle pattern

A technical analysis from SwallowAcademy identifies a significant trading pattern in Shiba Inu (SHIB), suggesting a possibly notable price movement.

Namely, the analysis identifies a SHIB trading setup with a demand zone between $0.0000139 and $0.0000144, where SHIB’s price at $0.0000145 (at the time of analysis) shows potential for a 10-20% increase to $0.0000159 based on historical rebounds from this zone.

Several technical indicators have been highlighted as well. For instance, the 50-period Exponential Moving Average (EMA) is currently around $0.000014266, with the 200-period EMA close to $0.000014561. Shiba Inu’s price is presently just under the 50 EMA but remains near the 200 EMA, and a move above these levels could be a signal for a bullish reversal.

Also, the Relative Strength Index (RSI) stands at approximately 46.92, which is slightly below the…

The post Analyst Identifies Key Trading Setup for Shiba Inu in Current Price Range appeared first on Coin Edition.

• The analysis identifies a SHIB trading setup with a demand zone between $0.0000139 and $0.0000144
• Data shows a 0.84% rise in long-term Shiba Inu holders (over 1 year) and a decline in short-term traders (less than 1 month) by 3.12%
• A chart reveals that SHIB is exhibiting a descending triangle pattern

A technical analysis from SwallowAcademy identifies a significant trading pattern in Shiba Inu (SHIB), suggesting a possibly notable price movement.

Namely, the analysis identifies a SHIB trading setup with a demand zone between $0.0000139 and $0.0000144, where SHIB’s price at $0.0000145 (at the time of analysis) shows potential for a 10-20% increase to $0.0000159 based on historical rebounds from this zone.

Several technical indicators have been highlighted as well. For instance, the 50-period Exponential Moving Average (EMA) is currently around $0.000014266, with the 200-period EMA close to $0.000014561. Shiba Inu’s price is presently just under the 50 EMA but remains near the 200 EMA, and a move above these levels could be a signal for a bullish reversal.

Also, the Relative Strength Index (RSI) stands at approximately 46.92, which is slightly below the…

The post Analyst Identifies Key Trading Setup for Shiba Inu in Current Price Range appeared first on Coin Edition.