The current setup is weak or too risky to treat as an attractive buy right now.
In the current Bear Volatile regime, the best-fit approach is Capital preservation / avoid chasing reversals. Downtrend pressure is being reinforced by unstable price action, which makes capital preservation and patience more important than trying to catch sharp countertrend moves.
Shanghai Inu support and resistance levels highlight key price zones where buyers and sellers are most active. This section helps identify likely breakout areas, pullback support, overhead resistance, and the current trading range so you can evaluate trend continuation, reversal risk, and near-term crypto price direction.
| Level | Zone | Strength |
|---|---|---|
| Support 1 | $0.0₁₀5894 - $0.0₁₀6029 | |
| Support 2 | $0.0₁₀5461 - $0.0₁₀5596 | |
| Support 3 | $0.0₁₀5095 - $0.0₁₀5449 | |
| Support 4 | $0.0₁₀4948 - $0.0₁₀5089 | |
| Resistance 1 | $0.0₁₀6231 - $0.0₁₀6366 | |
| Resistance 2 | $0.0₁₀6451 - $0.0₁₀6985 | |
| Resistance 3 | $0.0₁₀7009 - $0.0₁₀7154 | |
| Resistance 4 | $0.0₁₀7238 - $0.0₁₀7374 | |
| Active 1 | $0.0₁₀6095 - $0.0₁₀6231 |
SHANG clears the resistance zone at $0.0₁₀6231 - $0.0₁₀6366 and holds above it. That would strengthen the breakout case and shift attention to $0.0₁₀6451 - $0.0₁₀6985.
SHANG loses the support zone at $0.0₁₀5894 - $0.0₁₀6029. That would weaken the setup and open the way toward $0.0₁₀5461 - $0.0₁₀5596.
SHANG continues trading between $0.0₁₀6029 and $0.0₁₀6231. In that case, range-trading conditions remain active.
Technical indicators help summarize trend, momentum, volatility, and key price levels. They should not be used in isolation, but they can help identify whether a coin is trending, ranging, overextended, or approaching an important support or resistance level.
| Indicator | Value | Signal | Interpretation |
|---|---|---|---|
| SMA50 | $0.0₁₀6754 | Bearish | SHANG is trading below the 50-day average. |
| SMA200 | $0.0₁₀6044 | Bullish | SHANG remains above the long-term trend line. |
| EMA50 | $0.0₁₀6534 | Bearish | SHANG is trading below the 50-day exponential average, which weakens the recent trend. |
| EMA200 | $0.0₁₀6581 | Bearish | SHANG is below the 200-day exponential average, which keeps the longer-term structure under pressure. |
| RSI (14) | 26.58 | Oversold | RSI (14) is depressed at 26.58, which suggests downside momentum may be getting exhausted. |
| Stoch RSI (14) | 36.22 | Neutral | Stoch RSI (14) is at 36.22, which suggests momentum is active but not yet extreme. |
| MACD | -1.978e-12 | Bearish | MACD is below its signal line. |
| ATR | 1.69% | Volatile | Volatility is above its 180-day median. |
| VWMA | $0.0₁₀6211 | Bearish | Price is below the volume-weighted average. |
| Commodity Channel Index (20) | -71.85 | Neutral | CCI (20) is at -71.85, which keeps price relatively close to its recent average. |
| Awesome Oscillator (5, 34) | $-5.709e-12 | Bearish | Awesome Oscillator is below zero at $-5.709e-12, which supports bearish momentum. |
| Williams Percent Range (14) | -77.21 | Neutral | Williams Percent Range (14) is at -77.21, which keeps price in the middle of its recent range. |
| Bull Bear Power (13) | $-1.476e-12 | Bearish | Bull Bear Power (13) is negative at $-1.476e-12, which suggests sellers are controlling price relative to the EMA baseline. |
| Ultimate Oscillator (7, 14, 28) | 38.86 | Neutral | Ultimate Oscillator is at 38.86, which suggests momentum is balanced across its short, medium, and long windows. |
| Hull Moving Average (9) | $0.0₁₀6132 | Bullish | SHANG is trading above the Hull Moving Average (9), which supports the near-term trend. |
| Ichimoku Cloud B/L (9, 26, 52, 26) | $0.0₁₀6425 | Bearish | SHANG is trading below the Ichimoku base line, which points to weaker structure. |
Over the past 7 days, Shanghai Inu price was most positively correlated with the price of GateToken (GT), Cronos (CRO), Tezos (XTZ), VeChain (VET) and BitTorrent (BTT) and most negatively correlated with the price of Quant (QNT), SPX6900 (SPX), Midnight (NIGHT), Aster (ASTER) and Zcash (ZEC).
| Name | Correlation |
|---|---|
| GateToken | 0.767 |
| Cronos | 0.762 |
| Tezos | 0.752 |
| VeChain | 0.732 |
| BitTorrent | 0.714 |
| Name | Correlation |
|---|---|
| Quant | -0.861 |
| SPX6900 | -0.663 |
| Midnight | -0.597 |
| Aster | -0.583 |
| Zcash | -0.552 |
Shanghai Inu price is positively correlated with the top 10 coins by market cap with a price of 0.305, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.275. Currencies that are positively correlated with Shanghai Inu indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Shanghai Inu, a move in one direction for Shanghai Inu would translate into a move in the opposite direction for the negatively correlated coin.
