• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Thursday, September 11, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Shiba Inu (SHIB) Price Analysis (October 15th) – SHIB Facing Key Resistance After Slight Recovery

Michael Fasogbon by Michael Fasogbon
October 16, 2022
in News
Reading Time: 3 mins read
0
SHIB
16
SHARES
Share on TwitterShare on Facebook

So far, the Shiba Inu market cap is currently valued at $5.64 billion as per CoinMarketCap metric. However, the circulating supply is still much. In an attempt to reduce the supply significantly through its burn mechanism, it would take a lot of years to achieve.

The coin, however, has continued to remain in a bearish trend after witnessing a considerable loss over the past couple of months. Shiba’s price declined shortly after recording an all-time high at $0.000088 in October 2021.

In June, the price slightly recovered after bouncing above the $0.0000071 price level, now serving as the yearly support. This recovery brought the price to around $0.000018 high (over 100% gains) in two months before a steady drop to $0.0000093 price level this week due to Bitcoin’s price decrease.

Although it has seen a nice 1% gain over the past few hours. The bear market will likely resume pressure on a long-term perspective if the bulls fail to show strong interest. The daily time frame indicates that Shib is near the bottom. At the time of writing, the cryptocurrency is trading around the $0.00001023 price level.

Shib Price Analysis (SHIBUSDT) – 4-Hour Chart

Shib continued to remain bearish on the short-term perspective. As can be seen on the 4-hour chart above, the bearish scenario is temporarily suspended due to low sell pressure in the market.

SHIB
Source: Tradingview

The buyers are trying to gain control of the market. If the seller steps back, the price will drop at the weekly support of $0.0000093. The following fundamental level to keep in mind is the $0.000009, followed by the $0.00000845 support. The last defense level for the bulls remains the yearly $0.0000071 support.

However, if the price manages to break the grey descending trendline this week, we can expect a nice increase in the coming week. The resistance levels to watch are $0.000011, $0.000016, and $0.000012, respectively.

Key Resistance Levels: $0.000011, $0.0000116, $0.000012

Key Support Levels: $0.0000093, $0.000009, 0.00000845

Spot Price: $0.00001023

Trend: Bearish

Volatility: Low

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.

Follow us on Twitter @thevrsoldier to stay updated with the latest Metaverse, NFT, A.I., Cybersecurity, Supercomputer, and Cryptocurrency news!

Image Source: salarko/123RF // Image Effects by Colorcinch

Tags: shiba inu coin
Previous Post

Crypto.com Invests $145 Million Into France HQ, Uniglo.io Gains Opportunity For New Customer Base

Next Post

Binance Burns Over 2.5 Billion LUNC, However, Weekly Burn Rate Drops

Related Posts

Altcoin Season Index Soars to 76 While Bitcoin Dominance Wobbles
Market Analysis

Altcoin Season Index Soars to 76 While Bitcoin Dominance Wobbles

September 11, 2025
Ethereum $4.3K Balancing Act: Support or Sneaky Trap?
Market Analysis

Ethereum $4.3K Balancing Act: Support or Sneaky Trap?

September 10, 2025
U.S. Pushes Forward With Strategic Bitcoin Reserve Talks
Market Analysis

U.S. Pushes Forward With Strategic Bitcoin Reserve Talks

September 10, 2025
Bitcoin’s $111K Line in the Sand Faces Serious Pressure
News

Bitcoin $111K Line in the Sand Faces Serious Pressure

September 10, 2025
XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?
News

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

September 10, 2025
Featured

Ethereum ETFs See $1B Outflows in Six Days

September 9, 2025

Press Releases

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?
News

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

by Alex Mercer
September 10, 2025

Ripple’s XRP is flirting with the $3 mark again, thanks to a tidal wave of speculation around a potential ETF...

Read more
Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Why Ethereum ATH Could Crush Bears Before Q3 Ends

Why Ethereum ATH Could Crush Bears Before Q3 Ends

August 12, 2025
Ethereum’s 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

Ethereum 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

July 20, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier