Shiba Inu (SHIB) Price Prediction for July 27

Shiba Inu is trading around $0.00001403 as of press time while the intraday price action coils within a symmetrical triangle on the 1-hour chart. After rebounding from the $0.00001337 support cluster, bulls are attempting to reclaim lost ground, but overhead pressure from the Supertrend band and key EMAs is capping upside momentum. Price structure suggests that a volatility expansion is imminent. What’s Happening With Shiba Inu’s Price? SHIB price dynamics (Source: TradingView) SHIB has formed a short-term base above the $0.00001335–$0.00001350 demand zone, supported by multiple CHoCH formations and a bullish candle structure on the 4-hour chart. The recent reclaim of the 100 and 200 EMA zones ($0.00001392 and $0.00001337) is encouraging for bulls, but the 20/50 EMA ribbon remains flat just above current levels, with resistance near $0.00001424. SHIB price dynamics (Source: TradingView) On the daily timeframe, SHIB remains wedged inside a broad descending channel. The asset failed to sustain above the $0.00001550 resistance last week and sharply reversed near the upper boundary of the red supply zone. Currently, SHIB is consolidating above a key trendlin… The post Shiba Inu (SHIB) Price Prediction for July 27 appeared first on Coin Edition .

Source: Coin Edition