Shiba Inu Price Analysis — July 6
Shiba Inu has held above the $0.0000100 mark since late June as traders await a meaningful amount of trading volume in the market amid the raging crypto winter.
On the larger time frame (daily chart), SHIB appears to be repeating a pattern recorded in early 2022. That said, a continuation of this pattern could see the meme token rerun above the $0.0000150 mark in the coming weeks. A confirmation of this pattern would be a leg-up towards $0.0000120 this week.
Meanwhile, my resistance levels are $0.0000120, $0.0000130, and $0.0000150, and my support levels are $0.0000090, $0.0000080, and $0.0000070.
Total Market Capitalization: $904.1 billion
Shiba Inu Market Capitalization: $6.19 billion
Shiba Inu Dominance: 0.62%
Market Rank: #14
On the larger time frame (daily chart), SHIB appears to be repeating a pattern recorded in early 2022. That said, a continuation of this pattern could see the meme token rerun above the $0.0000150 mark in the coming weeks. A confirmation of this pattern would be a leg-up towards $0.0000120 this week.
Meanwhile, my resistance levels are $0.0000120, $0.0000130, and $0.0000150, and my support levels are $0.0000090, $0.0000080, and $0.0000070.
Total Market Capitalization: $904.1 billion
Shiba Inu Market Capitalization: $6.19 billion
Shiba Inu Dominance: 0.62%
Market Rank: #14
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