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SHIB Price Analysis for April 18

Tue, 04/18/2023 - 18:00
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Denys Serhiichuk
Can rate of SHIB start rising shortly?
SHIB Price Analysis for April 18
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Bulls are back in the game again as the majority of the coins are in the green zone.

Top 10 coins by CoinMarketCap


The rate of SHIB has risen by 0.52% over the last 24 hours.

SHIB/USD chart by Trading View

On the hourly chart, the price of SHIB has broken the local resistance at $0.00001159. If buyers can hold the rate above that mark until the end of the day, growth may continue to the next level at $0.00001188.

SHIB/USD chart by Trading View

On the daily time frame, the rate of SHIB is slowly approaching the resistance level at $0.00001188. At the moment, one should pay attention to the candle closure.

DOGE and SHIB Price Analysis for April 16

If it happens with no long wicks, enough energy will be accumulated for a blast to the $0.000012 area and above.

SHIB/USD chart by Trading View

On the weekly chart, the rate of SHIB has not declined after a false breakout of the $0.00001186 level. If the situation does not change by the end of the day, an upward move could lead to the test of the $0.00001250-$0.000013 area within the next few days.

SHIB is trading at $0.00001157 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at