Shiba Inu is still popular among whales? Jumps more than 2%
Shiba Inu price analysis for June 26, 2022, comes on a bullish note for the token as there are increased chances of the token reclaiming the $0.000012 price region in the coming days. Additionally, we have also seen the token rebound from the $0.000009 price region which means that investors can expect this region to hold as support. Furthermore, as noted in our DOGE price analysis for June 25, 2022, there are chances of the meme coin reclaiming the $0.000012 price level in the coming days while we have also seen the meme coin push above the $0.000010 price level.
The data from CoinMarketCap shows that the trading volume for SHIB has dropped by 18.66% in the last 24 hours, while the market cap of the token has surged by 1.20% in the same duration. Moreover, the Volume / Market Cap Ratio stands at a value of 0.1222, while the Market Dominance of the token rose to 0.67%.
The daily candle for Shiba Inu opened at a price of $0.00001180 and reached a daily high of $0.00001214. Moreover, the daily low for the token stands at a price of $0.00001152. The price of 1 SHIB at the time of writing is $0.00001183.
Shiba Inu price analysis on the daily chart for June 26
Shiba Inu price analysis for June 26, 2022, will take into consideration the data from the indicators integrated into the daily chart below.
Source: TradingView
The RSI indicator reads a value below 59 which means that the bulls are still in control of the price action and the gradient of the line suggests that sluggish movement can be seen.
The MACD indicator shows that the MACD line remains above the signal line while the MACD histogram remains bullish.
The Shiba Inu price action broke into the bullish zone of the Bollinger Bands and a bullish breakout can be expected as well.
Conclusion
Shiba Inu price analysis for June 26, 2022, ends on a bullish note for the SHIB token and we can expect SHIB to reclaim $0.000012.
