Key support level: $ 0.000030
Key Resistance Level: $ 0.000038
The New Year’s celebrations had a huge impact on SHIB’s price action, which appears to be stuck at $ 0.000034. This is the exact midpoint between key support at $ 0.000030 and resistance at $ 0.000038. Hopefully volatility will return soon and the price of SHIB will pick a direction.
Trade volume: volume is extremely low, and the price action shows it. If this continues, the cryptocurrency will simply move sideways. Usually when the volume hits extremes there is an equal reaction in terms of price action in the not too distant future. We will come back to this table once this happens.
RSI: The daily RSI is below 50 points and hasn’t changed much last week. If the buyers can come back to SHIB, then the bullish momentum may return.
MACD: The daily MACD remains bullish and could curve again after this calm period. It is up to the bullish side of the market to make this happen.
The bias on SHIB is neutral. At the time of this article, the trend is flat.
Short-term prediction for the SHIB price
SHIB moves sideways without volatility. Key support and resistance is unlikely to be tested anytime soon if the cryptocurrency continues to lack momentum.
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