{"id":34061,"date":"2022-11-04T01:48:45","date_gmt":"2022-11-04T01:48:45","guid":{"rendered":"http:\/\/egrowonline.com\/?p=34061"},"modified":"2022-11-04T01:48:45","modified_gmt":"2022-11-04T01:48:45","slug":"shiba-inu-struggle-continues-as-altcoins-rally-with-over-70-gain-here-is-why","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=34061","title":{"rendered":"Shiba Inu Struggle Continues As Altcoins Rally With Over 70% Gain; Here Is Why"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">SHIB\u2019s price shows much strength after breaking out from its long-range channel movement.\u00a0\u00a0<\/span><\/strong><\/li>\n<li><strong><span data-preserver-spaces=\"true\">SHIB trade with good volume, breaking out from a range channel as the price eyes a rally past to a region of $0.0000135.\u00a0<\/span><\/strong><\/li>\n<li><strong><span data-preserver-spaces=\"true\">SHIB\u2019s price remains strong on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA) but faces resistance at 200 EMA.<\/span><\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">Shiba Inu (SHIB) price showed some great price action as the price rallied, trying to mimic the price of DOGE after seeing the price of DOGE rally by over 150%. The price of Shiba Inu (SHIB) tried to replicate this rally as the price broke out from its long-range movement, but the price has recently struggled. The crypto market has enjoyed a bit of relief across all assets, with Bitcoin (BTC) showing great traction, rallying and dragging the market. Shiba Inu\u2019s price (SHIB) is calmer in terms of price movement. (Data from Binance)<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Shiba Inu (SHIB) Price Analysis On The Weekly Chart<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The past week has seen many altcoins continue to produce over 200% gains over the past 7 days of breaking out of their range-bound movement, as many believe more hope could be settling into the crypto space once more.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The new week has looked more promising for some altcoins, like A MASK rallying over 200% in less than 7 days, showing the price action and volume for buy orders. The price of SHIB has yet to live up to the expectations expected of this great memecoin.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">After dropping from its high of $0.00008 some months back, the price of SHIB has struggled to pull off a rally that has left many in euphoria just like other memecoins, with many faithful hoping SHIB joins the part soon.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The price of SHIB saw its trade at a low of $0.00000850 on the weekly chart; the price swiftly bounced from this region as the price rebounded to a region of $0.000015, where it was rejected to a region of $0.000011.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Weekly resistance for the price of SHIB \u2013 $0.000014.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Weekly support for the price of SHIB \u2013 $0.000011.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Price Analysis Of SHIB On The Daily (1D) Chart<\/span><\/h2>\n<figure id=\"attachment_509250\" aria-describedby=\"caption-attachment-509250\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-large wp-image-509250\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/11\/SHIBUSDT_2022-11-03_19-29-05-860x569.png\" alt=\"\" width=\"860\" height=\"569\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/11\/SHIBUSDT_2022-11-03_19-29-05-860x569.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/11\/SHIBUSDT_2022-11-03_19-29-05-460x304.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/11\/SHIBUSDT_2022-11-03_19-29-05-768x508.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/11\/SHIBUSDT_2022-11-03_19-29-05-1536x1017.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/11\/SHIBUSDT_2022-11-03_19-29-05-750x496.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/11\/SHIBUSDT_2022-11-03_19-29-05-1140x755.png 1140w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/11\/SHIBUSDT_2022-11-03_19-29-05.png 1692w\" \/><figcaption id=\"caption-attachment-509250\" class=\"wp-caption-text\">Daily SHIB Price Chart | Source: SHIBUSDT On <a target=\"_blank\" href=\"https:\/\/www.tradingview.com\/x\/8riig7TX\/\" rel=\"noopener\">Tradingview.com<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">In the daily timeframe, the price of SHIB continues to look strong as the price holds above the range channel it broke out of as bulls continue to defend this region from bears taking over prices and pushing the price back into its range movement.\u00a0 \u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">SHIB currently trades at $0.0000119, just above its key support formed on the daily timeframe after successfully breaking out of its range channel with good volume.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The price of SHIB continues to look strong as it holds above the range channel after its breakout; SHIB\u2019s price needs to reclaim $0.0000145 to ignite any relief; trading close to the range channel is not a good sign for SHIB prices.<\/span><span data-preserver-spaces=\"true\">\u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Daily resistance for the SHIB price \u2013 $0.000014.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Daily support for the SHIB price \u2013 $0.000011.<\/span><\/p>\n<pre style=\"text-align: center\"><span style=\"font-weight: 400\">Featured Image From zipmex, Charts From Tradingview<\/span><\/pre>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMibmh0dHBzOi8vd3d3Lm5ld3NidGMuY29tL2FuYWx5c2lzL3NoaWJhLWludS1zdHJ1Z2dsZS1jb250aW51ZXMtYXMtYWx0Y29pbnMtcmFsbHktd2l0aC1vdmVyLTcwLWdhaW4taGVyZS1pcy13aHkv0gEA?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SHIB\u2019s price shows much strength after breaking out from its long-range channel movement.\u00a0\u00a0 SHIB trade with good volume, breaking out from a range channel as the price eyes a rally past to a region of $0.0000135.\u00a0 SHIB\u2019s price remains strong on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":34062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[200,1196,254,253,213,252,1649],"class_list":["post-34061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-altcoins","tag-continues","tag-gain","tag-inu","tag-rally","tag-shiba","tag-struggle"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/11\/Shiba-Inu.jpeg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/34061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34061"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/34061\/revisions"}],"predecessor-version":[{"id":34063,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/34061\/revisions\/34063"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/34062"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34061"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}