Main navigation

SHIB Price Analysis for October 30

Sun, 10/30/2022 - 22:00
article image
Denys Serhiichuk
How big are chances to see further rise of SHIB?
SHIB Price Analysis for October 30
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

The market might have entered a correction zone as the rates of most of the coins are falling.

Top 10 coins by CoinMarketCap


The rate of SHIB has risen by 0.34% over the past 24 hours.

SHIB/USD chart by TradingView

On the hourly chart, SHIB is returning to the local support level at $0.00001225. If buyers cannot seize the initiative, a further drop may lead to a test of the $0.000012 zone by the end of the day.

SHIB/USD chart by TradingView

On the daily time frame, the situation is also more bearish than bullish. The price has reached the interim support level at $0.00001222.

DOGE Price Analysis for October 30

If the bar closes below it, the impulse might be huge, followed by a sharp drop to the $0.00001150 zone.

SHIB/USD chart by TradingView

On the bigger chart, SHIB remains bullish as there is a large buying volume. In this case, the more likely scenario is a slight rise to the $0.000013 zone. However, buyers might need more time to accumulate power to make it happen.

SHIB is trading at $0.00001226 at press time.

article image
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