{"id":348420,"date":"2022-09-28T05:19:54","date_gmt":"2022-09-28T09:19:54","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=348420"},"modified":"2022-09-28T05:29:35","modified_gmt":"2022-09-28T09:29:35","slug":"shib-price-bearish-momentum-increases-targeting-previous-low-at-0-000010","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/shib-price-bearish-momentum-increases-targeting-previous-low-at-0-000010","title":{"rendered":"SHIB Price: Bearish Momentum Increases, Targeting Previous Low at $0.000010"},"content":{"rendered":"<h2>Bears are dominating SHIB market, targeting previous low<\/h2>\n<h2>SHIBUSD Price Analysis &ndash; September 28<\/h2>\n<p>An increase in the sellers&rsquo; momentum may break down $0.000010, $0.000009 levels and targeting previous low at $0.000008 may be tested. In case the buyers defend the support level of $0.000010, <a href=\"https:\/\/insidebitcoins.com\/news\/shiba-inu-price-is-up-14-to-0-00004926-where-to-buy-shib\">SHIB<\/a> may reverse and penetrate $0.000011 upside, $0.000012 and $0.000013 may be reached.<\/p>\n<h2>Key levels:<\/h2>\n<p>Resistance levels: $0.000011, $0.000012, $0.000013<\/p>\n<p>Support levels: $0.000010, $0.000009, $0.000008<\/p>\n<p>&nbsp;<\/p>\n<h2>SHIBUSD Long-term Trend: &nbsp;Bearish<\/h2>\n<p>On the daily chart, <a href=\"https:\/\/insidebitcoins.com\/news\/shiba-inu-price-is-up-14-to-0-00004926-where-to-buy-shib\">SHIBUSD<\/a> is on the bearish movement. The formation of descending channel confirmed a bearish movement in the daily time frame. The crypto tried to break up the resistance level of $0.000011 on September 24 but the sellers opposed the movement. The sellers&rsquo; momentum increased and the price is reducing accordingly. The price is currently targeting the previous low at $0.000005 level.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-348421\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/09\/Daily-59.png\" alt=\"\" width=\"1514\" height=\"685\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/09\/Daily-59.png 1514w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/09\/Daily-59-300x136.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/09\/Daily-59-1024x463.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/09\/Daily-59-768x347.png 768w\" sizes=\"(max-width: 1514px) 100vw, 1514px\"><\/p>\n<p>The price is trading below the two EMAs as a sign of bearish movement. The fast Moving Average (9 periods EMA) has crossed the slow Moving Average (21 periods EMA) downside. An increase in the sellers&rsquo; momentum may break down $0.000010, $0.000009 levels and the support level of $0.000008 may be tested. In case the buyers defend the support level of $0.000010, price may reverse and penetrate $0.000011 upside, $0.000012 and $0.000013 may be reached. However, the relative strength index period 14 is at 42 levels pointing downside to indicate sell signal.<\/p>\n<p style=\"text-align: center\"><a href=\"https:\/\/insidebitcoins.com\/visit\/etoro-news\" class=\"su-button su-button-style-3d\" style=\"color:#000000;background-color:#F9A602;border-color:#c88502;border-radius:9px\" target=\"_self\" rel=\"nofollow\"><span style=\"color:#000000;padding:0px 24px;font-size:18px;line-height:36px;border-color:#fbc14e;border-radius:9px;text-shadow:none\"> <strong>Buy SHIB Now<\/strong><\/span><\/a>\n<\/p><p style=\"text-align: center\">&nbsp;<em>Your capital is at risk<\/em><\/p>\n<h2>&nbsp;SHIBUSD medium-term Trend: Bearish<\/h2>\n<p>SHIBUSD is bearish in the 4-hour chart. The price action formed a descending channel in medium-term trend. The price tested the upper trend line and bounced off the level. More pressure from the sellers produces bearish candles. The price is heading towards $0.000010 support level.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-348422\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/09\/4-hours-65.png\" alt=\"\" width=\"1514\" height=\"685\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/09\/4-hours-65.png 1514w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/09\/4-hours-65-300x136.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/09\/4-hours-65-1024x463.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/09\/4-hours-65-768x347.png 768w\" sizes=\"(max-width: 1514px) 100vw, 1514px\"><\/p>\n<p>The coin is trading below the 21 periods EMA and 9 periods EMA. The two EMAs are separated from each other which indicates an increase in the bearish momentum in Shiba Inu market. The relative strength index period 14 is at 44 levels and the signal lines is exhibiting sell signal.<\/p>\n\n            \n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">Bears are dominating SHIB market, targeting previous low SHIBUSD Price Analysis \u2013 September 28 An increase in the sellers\u2019 momentum may break down $0.000010, $0.000009 <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/shib-price-bearish-momentum-increases-targeting-previous-low-at-0-000010\" title=\"SHIB Price: Bearish Momentum Increases, Targeting Previous Low at $0.000010\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":348423,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[13016,8205,12800,7992],"class_list":["post-348420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-maarketing","tag-marketing","tag-shibusd","tag-technical-analysis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SHIB Price: Bearish Momentum Increases, Targeting Previous Low at $0.000010<\/title>\n<meta name=\"description\" content=\"An increase in the sellers\u2019 momentum may break down $0.000010, $0.000009 levels and SHIB targeting previous low at $0.000008 may be tested\" \/>\n<meta name=\"robots\" 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