Based on today's classical pivot point (P1) with the value of $0.0₁₀7822, Shiba has support levels of $0.0₁₀7541, $0.0₁₀7344, and the strongest at $0.0₁₀7062. Similarly, Shiba resistance levels are at $0.0₁₀8019, $0.0₁₀8301, and $0.0₁₀8498.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₁₀7541 | |
| S2 | $0.0₁₀7344 | |
| S3 | $0.0₁₀7062 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₁₀8019 | |
| R2 | $0.0₁₀8301 | |
| R3 | $0.0₁₀8498 |
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) | 41.57 | NEUTRAL |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 12.17 | BUY |
| Commodity Channel Index (20) | -169.18 | BUY |
| Average Directional Index (14) | 26.43 | SELL |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -87.83 | BUY |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 26.29 | BUY |
| 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 price was most positively correlated with the price of Beldex (BDX), APENFT (NFT), Polygon Ecosystem Token (POL), Morpho (MORPHO) and Internet Computer (ICP) and most negatively correlated with the price of Quant (QNT), XDC Network (XDC), Conflux (CFX), Telcoin (TEL) and Dogecoin (DOGE).
| Name | Correlation |
|---|---|
| Beldex | 0.917 |
| APENFT | 0.854 |
| Polygon Ecosystem Token | 0.832 |
| Morpho | 0.809 |
| Internet Computer | 0.794 |
| Name | Correlation |
|---|---|
| Quant | -0.867 |
| XDC Network | -0.791 |
| Conflux | -0.778 |
| Telcoin | -0.760 |
| Dogecoin | -0.717 |
Shiba price is positively correlated with the top 10 coins by market cap with a price of 0.535, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.346.
Currencies that are positively correlated with Shiba 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, a move in one direction for Shiba would translate into a move in the opposite direction for the negatively correlated coin.
