News 
Coin Information 
About us 
Shiba Inu's price is on edge, with Bollinger Bands pointing to a possible 17% crash or a surprising breakout. As the weekend approaches, SHIB’s next move could define its short-term trajectory amid heightened market tension.
Shiba Inu Faces Critical Price Threshold Amid Bearish Pressure
Shiba Inu (SHIB), a cryptocurrency that takes its inspiration from memes, has reached a pricing threshold where it's "now or never."
The Shiba Inu coin has reached the median line, according to the Bollinger Bands indicator. If it fixes below this level, it might experience a painful drop of almost 17% to the range's bottom end. The current price of one SHIB token is $0.00002826, with the lower Bollinger Bands at $0.00002326.
A well-known technical analysis tool, Bollinger Bands, checks for possible overbought or oversold situations by measuring market volatility, U.Today explains.
Bollinger Bands Signal Key Breakthrough and Breakdown Levels
A moving average, a top band, and a bottom band make up the indicator. In response to changes in price, these bands widen or narrow, giving traders a glimpse of possible places of breakthrough or breakdown.
However, the inverse is also true: the Shiba Inu token might rise to as much as $0.0000333/SHIB if an upside exit occurs beyond the median and remains there for an indeterminate amount of time.
Put another way, in the near future, the capacitated cryptocurrency might see either a 17% decline or an 18.3% increase. The bears have taken the lead as this median price surpasses $0.0000283.
Weekend Showdown Could Shape Shiba Inu's Future Price
Whether SHIB gives in to negative pressure or rallies toward higher levels to start the new week will be decided by its price activity over the next weekend.
At present, it seems that market sentiment is leaning towards the bearish side, with the median serving as a key resistance level.
Comment 0