{"id":7975,"date":"2023-12-10T11:19:58","date_gmt":"2023-12-10T11:19:58","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=7975"},"modified":"2023-12-10T11:20:52","modified_gmt":"2023-12-10T11:20:52","slug":"shiba-inu-graphic-review-and-price-analysis","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/shiba-inu-graphic-review-and-price-analysis\/","title":{"rendered":"Shiba Inu Graphic Review and Price Analysis!"},"content":{"rendered":"<p>Shiba Coin (SHIB) is a cryptocurrency based on Ethereum. Also, SHIB, created in 2020, was developed by a community related to a dog breed called Shiba Inu. Additionally, SHIB, seen as a similar version of Dogecoin, attracted the attention of many people because the Shiba Inu dog was used as a symbol in the logo and it had a humorous and social media-focused approach similar to Dogecoin.<\/p>\n<blockquote><p>You might like: <a href=\"https:\/\/coinengineer.net\/blog\/what-is-shiba-inu-shib\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\"><em><strong>What is Shiba INU ($SHIB)?<\/strong><\/em><\/span><\/a><\/p><\/blockquote>\n<p>We are evaluating the chart formation by Shiba Inu, market trends, trading volume, and possible future moves. SHIB seems to be about to complete a double bottom formation on the daily chart. It is currently at the neckline and if it can break this line upwards and close above it, an uptrend may begin. However, we have an order block at the 0.011 level just above the neckline, and this is an important resistance point. This point may create some difficulties for SHIB and we may expect a small horizontal movement. If it manages to overcome this area, it can easily rise to the already targeted 0.014 level.<\/p>\n<figure id=\"attachment_7977\" aria-describedby=\"caption-attachment-7977\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-7977 size-full\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/Shiba-Inu-1.png\" alt=\"Shiba Inu\" width=\"1024\" height=\"445\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/Shiba-Inu-1.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/Shiba-Inu-1-300x130.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/Shiba-Inu-1-768x334.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-7977\" class=\"wp-caption-text\">SHIB Daily Chart<\/figcaption><\/figure>\n<p>The MACD indicator is currently in a positive state and supportive of the rise. If the neckline is broken, we may start to see green volume blocks on the MACD indicator. Also, it currently seems to be in the volume accumulation phase.<\/p>\n<figure id=\"attachment_7978\" aria-describedby=\"caption-attachment-7978\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-7978 size-full\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/Shiba-Inu-2.png\" alt=\"Shiba Inu\" width=\"1024\" height=\"445\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/Shiba-Inu-2.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/Shiba-Inu-2-300x130.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/Shiba-Inu-2-768x334.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-7978\" class=\"wp-caption-text\">MACD Indicator on SHIB<\/figcaption><\/figure>\n<p>The RSI indicator is also in a positive state and has managed to jump above the 70 level. Thus, our indicator, which is going from the rise to the descent, is in a state that will fully support the upward movement in the region.<\/p>\n<figure id=\"attachment_7979\" aria-describedby=\"caption-attachment-7979\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-7979 size-full\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/RSI-Indicator-on-SHIB.png\" alt=\"RSI Indicator on SHIB\" width=\"1024\" height=\"439\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/RSI-Indicator-on-SHIB.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/RSI-Indicator-on-SHIB-300x129.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/RSI-Indicator-on-SHIB-768x329.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-7979\" class=\"wp-caption-text\">RSI Indicator on SHIB<\/figcaption><\/figure>\n<h2>Shiba Inu (SHIB) Market Data<\/h2>\n<p><strong>Market Value<\/strong>: $6.03 billion (1.87% increase, ranking: #16)<\/p>\n<p><strong>Daily Trading Volume<\/strong>: $466.34 million (55.81% increase, ranking: #20)<\/p>\n<p>Trading Volume \/ Market Value (24s): %7.73<\/p>\n<p><strong>Circulating Supply:<\/strong> 589.35 trillion SHIB<\/p>\n<p><strong>Total Supply:<\/strong> 589.59 trillion SHIB<\/p>\n<p><strong>Full Market Value:<\/strong> $6.03 billion<\/p>\n<p>You can easily buy and sell SHIB INU Token from Global Exchanges such as <em><strong><a href=\"https:\/\/accounts.binance.com\/en\/register?ref=DGQ4AGL8\" target=\"_blank\" rel=\"noopener\">Binance<\/a>, <a href=\"https:\/\/partner.bitget.com\/bg\/JVJzUr\" target=\"_blank\" rel=\"noopener\">BitGet,<\/a> <a href=\"https:\/\/www.kucoin.com\/ucenter\/signup?rcode=rJUEYGG\" target=\"_blank\" rel=\"noopener\">Kucoin<\/a>, <a href=\"https:\/\/mexc.com\/auth\/signup?inviteCode=16GZj\" target=\"_blank\" rel=\"noopener\">Mexc<\/a>, <a href=\"https:\/\/www.huobi.ug\/en-us\/v\/register\/double-invite\/?invite_code=mbwg2223&amp;inviter_id=11345710\" target=\"_blank\" rel=\"noopener\">Huobi<\/a>, <\/strong><\/em>and<a href=\"https:\/\/www.gate.io\/en\/signup\/3499516\" target=\"_blank\" rel=\"noopener\"><em><strong> Gate.io<\/strong><\/em><\/a>. If you want to take advantage of the discount link defined exclusively for <em>Coin Engineer<\/em> followers, you can use our referral code by clicking on the exchange you want to register.<\/p>\n<hr \/>\n<p>Also, feel free to share your thoughts on the topic in the comments. Additionally, you can follow us on <a href=\"https:\/\/t.me\/coinengineer\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/CoinEngineer\"><strong>YouTube<\/strong><\/a>, and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0for more real-time news and updates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Coin (SHIB) is a cryptocurrency based on Ethereum. Also, SHIB, created in 2020, was developed by a community related to a dog breed called Shiba Inu. Additionally, SHIB, seen as a similar version of Dogecoin, attracted the attention of many people because the Shiba Inu dog was used as a symbol in the logo<\/p>\n","protected":false},"author":1,"featured_media":7976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[22,677,105,1215,653,2893,154,2894,66],"class_list":["post-7975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","tag-binance","tag-bitget","tag-ethereum","tag-huobi","tag-kucoin","tag-macd-indicator","tag-mexc","tag-rsi-indicator","tag-shiba-inu"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shiba Inu Graphic Review and Price Analysis! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Shiba Coin (SHIB) is a cryptocurrency based on Ethereum. 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