Based on today's classical pivot point (P1) with the value of $0.0₅7393, Shiba Inu has support levels of $0.0₅7145, $0.0₅6771, and the strongest at $0.0₅6523. Similarly, Shiba Inu resistance levels are at $0.0₅7766, $0.0₅8014, and $0.0₅8387.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₅7145 | |
| S2 | $0.0₅6771 | |
| S3 | $0.0₅6523 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₅7766 | |
| R2 | $0.0₅8014 | |
| R3 | $0.0₅8387 |
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) | 36.80 | NEUTRAL |
| Stoch RSI (14) | 42.64 | NEUTRAL |
| Stochastic Fast (14) | 24.87 | NEUTRAL |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 22.45 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -75.13 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 36.73 | NEUTRAL |
| VWMA (10) | 0.00 | SELL |
| Hull Moving Average (9) | 0.00 | BUY |
| 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 Render Token (RENDER), Pudgy Penguins (PENGU), Bonk (BONK), Optimism (OP) and Immutable X (IMX) and most negatively correlated with the price of JUST (JST), Monero (XMR), Morpho (MORPHO), TRON (TRX) and Midnight (NIGHT).
| Name | Correlation |
|---|---|
| Render Token | 0.990 |
| Pudgy Penguins | 0.985 |
| Bonk | 0.984 |
| Optimism | 0.979 |
| Immutable X | 0.978 |
| Name | Correlation |
|---|---|
| JUST | -0.604 |
| Monero | -0.540 |
| Morpho | -0.523 |
| TRON | -0.455 |
| Midnight | -0.342 |
Shiba Inu price is positively correlated with the top 10 coins by market cap with a price of 0.931, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.783.
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.
