SHIB/USD Retrace 78.60 Fibonacci Levels

The price action for SHIB/USD failed to find support at the 78.60 Fibonacci level. Following this price action, an attempt to retrace above this Fibonacci level failed. At this point, the price action began another attempt to break the resistance to the upside.

SHIB forecast statistics:
Shiba Inu current price: is $0.00001005
SHIB Market Cap: $332.85 million
Distribution volume of Shiba Inu: 173.34 billion
Total supply of SHIB: 177 billion
Shiba Inu Coin Market Cap Ranking: 98th

Important price levels:
Top level: $0.00001005, $0.00001050, $0.00001100
Base level: $0.00001000, $0.00000990, $0.00000950

Shiba Inu Price Prediction for Today Oct 23, 2022: SHIB/USD Could Bounce Upwards

On the SHIB/USD 24-hour chart, price action has crossed the lower bound of the Bollinger indicator. Three consecutive price candles have recently formed on this chart. Moreover, if the bulls continue to hold their ground, the price will soon rise above the moving averages. Additionally, the RSI features a bullish crossover from around the 18% level. This indicates an ongoing, albeit weak, uptrend. If the bulls manage to control the price action above $0.00001054, it may give way to further gains.

Shiba Inu Price Prediction for Today Oct 23, 2022: SHIB/USD Bullish

Examination of the 4-hour chart reveals that SHIB/USD may have made a significant move higher. On this chart, the last price candle here has reached above the MA line. As a result, more tailwinds are likely to act on price action as prices rise. Also, the stochastic RSI has reached overbought levels, indicating that the Shiba Inu price could rise further. At one point, the uptrend was about to reverse, but it quickly reversed and continued up. From here we can predict that the price will soon be $0.00001020 for him.

The IMPT token is currently in the middle of a pre-sale and has been a huge success so far, raising around $6 million.

Another cryptocurrency named Dash 2 Trade (D2T) collected $1.25 million in just three days during its presale. So, this shows that investors are interested in this crypto. Pre-sales may go higher than some well-known cryptocurrencies.

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