Shiba Inu’s price is yet to be impacted by the big news of the Shiba Eternity release worldwide. At the time of publication, SHIB was trading at $0.0000112, down 1.14% in the last 24 hours. Shiba Eternity, Shiba Inu’s collectible card game, has gone live across the world on both Android and iOS devices, according to an official announcement from the Shiba Inu team. Now that the game is available worldwide, the members of the community are busy downloading and reviewing the app. Some positive feedback has already been shared on Twitter. A Shiba Inu user shared that a few hours after its launch, Shiba Inu had risen to the top five ranking in the App store. Shortly after, the Shbburn Twitter account shared a screenshot of Shiba Eternity at the number one spot on the Appstore. Another user indicated Shiba Eternity was currently number 1 for Card games in Asia.
Key Levels
Resistance Levels: $0.00001800, $0.00001500, $0.00001200
Support Levels: $0.00001000, $0.00000855, $0.00000713
SHIB/USD Daily ChartSHIB/USD is falling for the second day in a row after attempting to rebound to $0.00001200 from the September 18th, 2022 low of $0.00000994. After reaching its lowest level, the pair appears to have entered a consolidation phase. The strength of the US dollar as a whole is causing the SHIB/USD to fall.
The bulls attempt to strengthen against Shiba Inu, with the pair aligning together after finding support from the $0.00000994 level. The SHIB/USD pair needs to break the $0.00001300 resistance level to balance the overall forecast. Medium to long-term analysis continues to suggest that SHIB could fall towards the $0.00001200 area before a meaningful recovery occurs.
SHIB/USD 4-Hour ChartAs seen on the 4-hour chart, SHIB/USD is still holding above the temporary low of $0.00001000, despite today’s decline. Intraday bias stays primarily neutral. If there is a subsequent rebound, upside potential might be capped by the 4-hour moving average (MA 200) at $0.00001170, leading to a fresh decline.
On the other hand, a breakout of $0.00001000 could launch a larger downtrend with a target towards the low of 2022 in June at $0.00000713. Meanwhile, the support cluster formed around $0.00000855 could support SHIB/USD decline in the short term.
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