{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/shiba-inu-shibusd-price-trending-to-the-0-000020-supply-level\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/shiba-inu-shibusd-price-trending-to-the-0-000020-supply-level\/","headline":"Shiba-Inu (SHIBUSD) Price Trending to the $0.000020 Supply Level","name":"Shiba-Inu (SHIBUSD) Price Trending to the $0.000020 Supply Level","description":"Shiba-Inu (SHIBUSD) Price Forecast: June 20Shiba- Inu price price is trending up to the $0.000020 supply value as a result of the high bullish impact in the coin market at the moment. The coin might possibly swing up and breakup its previous high of $0.000015 level if further bearish pressure is restricted. The bullish correction […]","datePublished":"2023-06-20","dateModified":"2023-06-20","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/06\/SHIB-TUE-LNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/06\/SHIB-TUE-LNT.png","height":595,"width":1281},"url":"https:\/\/forexschoolonline.com\/shiba-inu-shibusd-price-trending-to-the-0-000020-supply-level\/","about":["Cryptocurrency","Forex Trading Tools","FX Technical Analysis","Technical Analysis","Trade Idea","Trade Setups"],"wordCount":394,"keywords":["Shiba Inu","SHIBUSD","Technical Analysis"],"articleBody":"Shiba-Inu (SHIBUSD) Price Forecast: June 20Shiba- Inu price price is trending up to the $0.000020 supply value as a result of the high bullish impact in the coin market at the moment. The coin might possibly swing up and breakup its previous high of $0.000015 level if further bearish pressure is restricted. The bullish correction phase will extend to meet the resistance at $0.000020 upper trend line which is an opportunity for the coin buyers.Key Levels:Resistance Levels: $0.000014, $0.000015, $0.000016Support Levels: $0.000009, $0.000008, $0.000007SHIB (USD) Long-term Trend: Bullish (Daily Chart)Shiba-Inu is having a bullish posture trading above the EMA-9 in its long-term outlook, which means that it\u2019s in a bullish trend zone. In the previous actions the coin has been having high interference from buyers which really made it easier for the cryptocurrency to maintain a stable upside moves in its recent timesThe bulls made an increase to the $0.00000733 high mark above the EMA-9 shortly after the daily session opens today. This indicates that the buy investors are actually dealing in the coin investment. Therefore, if the bulls could increase their tension in the market, the price of Shiba Inu will move above the key levels.Hence, the daily stochastic suggests an uptrend, this means that there is a tendency for the coin to rise further, if the support level holds, this will enable the buyers to take the price of SHIBUSD up to a high of $0.000020 soon in its long-term perspective.SHIB (USD) Medium-term Trend: Bullish (4H Chart)SHIBUSD is showing more bullish impact in its medium-term time frame. The bulls are having the market at their disposal at the moment. Pressure from the bulls at the $0.000007 supply value in the past action has enabled the coin price to trend above the supply levels in its recent high.Buyers made an aggressive move up with along bullish candle to the $0.000007 resistance level above the two EMAs shortly after the 4-hourly chart opens today. This however makes it capable for the coin to rise further.Trading above the moving averages will enable the market value of Shiba-Inu to keep pushing up. Adding to this, the daily stochastic which is pointing upwards implies that the bullish trend may likely continue. Therefore, if the bulls should add more aggression to their activities in the market, $0.000020 resistance level might be reached soon in its medium-term outlook.Buy Shiba-Inu on eToro "}