The price of Shiba Inu (SHIB) has fallen to a low of $0.00001313, below its moving average lines. Shiba Inu price long-term prediction: bearish According to Coinidol.com, due to its rejection on May 11 at a high of $0.00001723, the cryptocurrency is likely to fall further. SHIB's most recent decline began on May 13 when it corrected upwards but was rejected at a high of $0.00001691. The 21-day and 50-day moving averages were breached by the selling pressure. As a result, the altcoin is set to fall even further, reaching a low of $0.00001200. However, if the altcoin loses the support at $0.00001200, SHIB will regain its previous low of $0.00001053. On the upside, the altcoin will resume its uptrend if it breaks above the 50-day SMA. Today, the value of SHIB stands at $0.00001313. SHIB price analysis The current decline has left the cryptocurrency's price bars below the moving average lines. SHIB is likely to decline if it remains below the moving average lines. The moving average lines indicate the previous uptrend. On the 4-hour chart, on the other hand, the sideways trend is indicated by the horizontal moving average lines. Technical indicators Key Resistance levels: $0.00002800, $0.00002900, $0.00003000 Key Support levels: $0.00002200, $0.00002000, $0.00001900 What is the next move for Shiba Inu? SHIB is in a downtrend as the price of cryptocurrencies falls below the moving average lines. The altcoin will continue its downtrend if it falls below the moving average lines. The projected lows for SHIB are $0.00001200 and $0.00001053. The decline is currently halted above $0.00001282. Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.