Saturday, July 26, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

Shiba Inu Price Prediction for April 23: Can SHIB Reclaim $0.00001276 or Is More Downside Ahead?

Jonathan Carls by Jonathan Carls
April 22, 2025
in Binance Feed, Market
Reading Time: 3 mins read
Shiba Inu price prediction for April 23 Can SHIB Reclaim $0.00001276 or Is More Downside Ahead
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • SHIB finds solid support near $0.00001221 as buyers prevent further downside moves
  • Resistance at $0.00001276 caps bullish attempts despite MACD’s early green signal
  • RSI’s slow climb hints at potential bullish sentiment amid low trading volume

Shiba Inu (SHIB), a popular meme-based cryptocurrency, is currently under bearish pressure, showing a visible dip in momentum. As of April 22, SHIB trades at $0.00001240, reflecting a 2.79% decline over the past 24 hours. The recent price action signals hesitation from buyers, with short-term recovery attempts failing to break above key resistance zones. 

This has left many investors watching closely to determine if the token will continue to slide or mount a comeback. With volume slightly decreasing and momentum indicators sending mixed signals, the current market structure presents a delicate balance between consolidation and breakdown.

Related articles

Bitcoin’s Recent Pullback Falls Within Normal Volatility Range

Bitcoin’s Recent Pullback Falls Within Normal Volatility Range

July 25, 2025
Ethereum Outpaces Bitcoin in Volume as ETF Inflows and Exchange Outlook Spark Interest

Ethereum Outpaces Bitcoin in Volume as ETF Inflows and Exchange Outlook Spark Interest

July 25, 2025

Support and Resistance: Crucial Zones to Watch

The price hit a low of $0.00001221, a level that has now emerged as the strongest support in the near term. Buyers showed moderate interest around this zone, preventing further downside for now. 

Another key level of support rests at $0.00001230, as this area witnessed repeated wick rejections. This behavior implies that short-term traders are placing buy orders in this region, hoping to catch a bounce.

Source: CoinMarketCap

On the flip side, resistance levels remain firm. The upper boundary lies at $0.00001276, which was the intraday high before the price reversed sharply. This level has proven to be difficult for SHIB to breach. 

A secondary resistance can be found at $0.00001255, where price action faced another rejection earlier in the day. Until these levels are cleared, bullish momentum may remain capped.

Momentum and Market Sentiment: Mixed Signals Persist

The 24-hour trading volume fell to $141.77 million, marking a 2.22% decline. This reduction suggests fading interest or a potential phase of consolidation. 

The volume-to-market cap ratio stands at 1.94%, indicating average liquidity levels. Without a surge in volume, significant price moves remain unlikely in the short term.

SHIB/USD daily price chart, Source: TradingView

Technical indicators offer slightly more optimism. The MACD is showing early signs of a bullish crossover. The histogram is turning green, suggesting that buying momentum may be picking up. 

Meanwhile, the Relative Strength Index (RSI) is hovering around 50.89, showing a neutral stance. However, its gradual upward movement could hint at brewing bullish sentiment.

Tags: Price AnalysisShiba Inu (SHIB) News

Related Posts

Bitcoin’s Recent Pullback Falls Within Normal Volatility Range

Bitcoin’s Recent Pullback Falls Within Normal Volatility Range

by Veronicah Peninah
July 25, 2025

Open Interest Net Position has fallen to its most bearish level since early July, reflecting increased short-term downside pressure. Transfers...

Ethereum Outpaces Bitcoin in Volume as ETF Inflows and Exchange Outlook Spark Interest

Ethereum Outpaces Bitcoin in Volume as ETF Inflows and Exchange Outlook Spark Interest

by Munene Timothy
July 25, 2025

Ethereum's weekly spot trading volume hit $25.7B, overtaking Bitcoin’s $24.4B for the first time in over a year. ETH ETFs...

Altcoin Leverage Explodes to $45B as Ethereum Tops Bitcoin in Derivatives Volume

Altcoin Leverage Explodes to $45B as Ethereum Tops Bitcoin in Derivatives Volume

by Veronicah Peninah
July 25, 2025

Combined open interest in top altcoins surged to $45B in July, up from $26B earlier in the month. ETH perpetual...

Machi Big Brother Doubles Down on PUMP Despite Massive $10M Loss

Machi Big Brother Doubles Down on PUMP Despite Massive $10M Loss

by Irene Mukiri
July 25, 2025

Machi Big Brother doubles down on $PUMP despite $10M in realized and paper losses $PUMP price plunges 17% in 24...

Will VeChain's Deal with Franklin Templeton Send $VET to New Highs

Will VeChain’s Deal with Franklin Templeton Send $VET to New Highs?

by Jonathan Carls
July 25, 2025

VeChain’s Franklin Templeton deal boosts its role in tokenized treasury finance. Institutional adoption grows as BitGo and Keyrock strengthen VeChain’s...

Load More

Recent News

  • Bitcoin’s Recent Pullback Falls Within Normal Volatility Range
  • Ethereum Outpaces Bitcoin in Volume as ETF Inflows and Exchange Outlook Spark Interest
  • Altcoin Leverage Explodes to $45B as Ethereum Tops Bitcoin in Derivatives Volume
  • Machi Big Brother Doubles Down on PUMP Despite Massive $10M Loss
  • Will VeChain’s Deal with Franklin Templeton Send $VET to New Highs?

Popular News

  • Solana SOL Has Just Reclaimed $7 Billion in DeFi TVL

    Solana: SOL Has Just Reclaimed $7 Billion in DeFi TVL

    232 shares
    Share 93 Tweet 58
  • Over $33M in Token Unlocks Set to Impact Crypto Markets Amid Escalating Global Tensions

    200 shares
    Share 80 Tweet 50
  • KEKIUS Price Prediction for June 2025: Signs of Weak Momentum and Accumulation Battle

    198 shares
    Share 79 Tweet 50
  • Bitcoin and Ethereum Face Pressure as 2,500 BTC and 80,000 ETH Hit Exchanges Amid Political Fallout

    197 shares
    Share 79 Tweet 49
  • Market Analyst say XRP Could Finally Break Out of Its Current Consolidation in 2-4 weeks If It’s Following 2017

    196 shares
    Share 78 Tweet 49

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

Bitcoin’s Recent Pullback Falls Within Normal Volatility Range
Bitcoin’s Recent Pullback Falls Within Normal Volatility Range
July 25, 2025
Ethereum Outpaces Bitcoin in Volume as ETF Inflows and Exchange Outlook Spark Interest
Ethereum Outpaces Bitcoin in Volume as ETF Inflows and Exchange Outlook Spark Interest
July 25, 2025
Altcoin Leverage Explodes to $45B as Ethereum Tops Bitcoin in Derivatives Volume
Altcoin Leverage Explodes to $45B as Ethereum Tops Bitcoin in Derivatives Volume
July 25, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact