Based on today's classical pivot point (P1) with the value of $0.0₅8693, Shiba Inu has support levels of $0.0₅8524, $0.0₅8389, and the strongest at $0.0₅8220. Similarly, Shiba Inu resistance levels are at $0.0₅8828, $0.0₅8997, and $0.0₅9132.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₅8524 | |
| S2 | $0.0₅8389 | |
| S3 | $0.0₅8220 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₅8828 | |
| R2 | $0.0₅8997 | |
| R3 | $0.0₅9132 |
Technical indicators are an essential tool for conducting technical analysis. They provide insights into an asset's market status, investor sentiment, and more, thereby helping investors make more informed trading decisions.
| Period | Value | Action |
|---|---|---|
| RSI (14) | 70.77 | SELL |
| Stoch RSI (14) | 82.76 | SELL |
| Stochastic Fast (14) | 58.51 | NEUTRAL |
| Commodity Channel Index (20) | 66.67 | NEUTRAL |
| Average Directional Index (14) | 38.09 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -41.49 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 51.72 | NEUTRAL |
| VWMA (10) | 0.00 | SELL |
| Hull Moving Average (9) | 0.00 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, Shiba Inu price was most positively correlated with the price of Celestia (TIA), Pudgy Penguins (PENGU), Pyth Network (PYTH), Algorand (ALGO) and Internet Computer (ICP) and most negatively correlated with the price of TRON (TRX), Chiliz (CHZ), UNUS SED LEO (LEO), Polygon Ecosystem Token (POL) and Monero (XMR).
| Name | Correlation |
|---|---|
| Celestia | 0.919 |
| Pudgy Penguins | 0.912 |
| Pyth Network | 0.901 |
| Algorand | 0.895 |
| Internet Computer | 0.894 |
| Name | Correlation |
|---|---|
| TRON | -0.334 |
| Chiliz | -0.318 |
| UNUS SED LEO | -0.233 |
| Polygon Ecosystem Token | -0.090 |
| Monero | -0.077 |
Shiba Inu price is positively correlated with the top 10 coins by market cap with a price of 0.607, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.586.
Currencies that are positively correlated with Shiba 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 Shiba Inu, a move in one direction for Shiba Inu would translate into a move in the opposite direction for the negatively correlated coin.
