Log in

PRO
Technical Analysis

SHIB finds demand zone, TRX shows momentum

Updated: Nov 19, 2024
Published: Nov 12, 2024
0
Share:

Shiba Inu ($SHIB) consolidates near-strong support after a recent rally, while Tron ($TRX) continues to push higher with bullish momentum. Key levels are in focus as these assets navigate crucial resistance zones.

Post Feature Image

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.


SHIB:

Overview

Shiba Inu ($SHIB), the second-largest meme coin by market capitalization, recently experienced a significant rally, reaching a local high of $0.000003 before pulling back.

Today's analysis will focus on the daily and 4-hour time frames, observing potential support and resistance zones as $SHIB undergoes a healthy retracement, with potential consolidation or further moves anticipated.

Daily time frame analysis

  • Resistance levels: The $0.00000284 level has been a key resistance for Shiba Inu, as mentioned in our last analysis. Recently, $SHIB briefly touched a high of $0.000003 before pulling back by approximately 18%, highlighting strong selling pressure around these levels. This resistance zone will be important to watch as it may test $SHIB's ability to push higher in the near term.
  • Support levels: On the downside, $SHIB currently has two notable support levels:
    • $0.00000238 - This level serves as an immediate support zone, potentially cushioning further retracement.
    • $0.00000215 - Should retracement deepen, this would be the next major support, providing a potential base for $SHIB.
Currently trading near $0.00000249, $SHIB is exhibiting a healthy pullback, though consolidation has not yet begun. We're observing to see if it stabilizes or continues its move from this support region.

Wondering about the latest Shiba Inu (SHIB) price prediction? Explore our in-depth analysis to stay informed

1. Daily chart of Shiba Inu (SHIB) showing recent price rally, key resistance levels, and support zones with EMA indicators.

4-Hour time frame analysis

  • Demand zone: On the 4-hour chart, a demand zone has formed between $0.0000026 and $0.00000248, marking an area of buying interest should the price dip again.
  • 20 EMA confluence: The 20 EMA on the 4-hour time frame, currently at $0.0000025, aligns with this demand zone, reinforcing the area as a key support level. This alignment of support could play a pivotal role if $SHIB continues to retrace or begins consolidating.
  • Structure and momentum: The 4-hour structure has shown a retracement from the recent high, which is a healthy move after such a sharp rally. With the demand zone and 20 EMA providing a buffer, $SHIB remains technically solid within this range, awaiting either a consolidation phase or continued upward momentum.
2. 4-hour chart of Shiba Inu (SHIB) highlighting demand zone, 20 EMA confluence, and recent price retracement following a sharp rally.v

Cryptonary's take

Shiba Inu is currently in a healthy retracement phase after a substantial rally, with resistance at $0.00000284 and $0.000003 acting as overhead hurdles. Both the daily and 4-hour time frames show key support levels, notably at $0.00000238 and $0.00000215 on the daily, and the demand zone at $0.0000026 - $0.00000248 on the 4-hour with 20 EMA confluence.

In summary, $SHIB is technically balanced, holding within solid support zones as it retraces, with consolidation or further recovery anticipated depending on the broader market conditions.


Tron ($TRX):

Overview

$TRX (Tron) is showing remarkable strength amid a wider market retracement, trading at $0.178 after hitting a new high of $0.184. This asset has consistently demonstrated bullish momentum, breaking key resistance levels one after another.

Recently, it moved past the $0.168 resistance, and now it is eyeing the $0.18 mark with only a minor resistance remaining at $0.189 before a clear path opens toward its all-time high (ATH).

Weekly time frame analysis

On the weekly time frame, $TRX is showing strength by breaking its April 2021 high, signalling renewed interest from traders and investors.

Currently, the next challenge is the $0.18 resistance, followed by $0.189. If $TRX successfully breaks above these levels, it could see a strong move upward, as there's minimal resistance up to its ATH at $0.30, marked by a historical wick in January 2018.

  • Current price: $0.178
  • Immediate resistance: $0.18, followed by $0.189
This bullish setup is particularly attractive for momentum traders who may seek to capitalize on its continued push higher.

Key support levels

  • $0.168: Recently broken resistance, now a strong support level on the weekly time frame.
  • 20 EMA at $0.151: The 20 EMA on the weekly provides additional support, reflecting the broader uptrend.
  • $0.144: A secondary support zone, adding further strength to $TRX's base if it dips further.
3. Weekly chart of Tron (TRX) showing breakout levels, resistance near all-time high, and upward trend supported by EMA indicators.

Cryptonary's take

$TRX is positioned for a breakout opportunity with a powerful bullish structure that has continued to outshine the broader market. The potential to push past the $0.18 and $0.189 levels opens a pathway toward its ATH, making it an asset to watch closely.

For traders, waiting for possible retracements to $0.168 may provide optimal entries. With sustained momentum, $TRX could be primed to "rip" higher in the coming weeks, aligning with the interests of both swing and momentum traders.


100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
BTC, ETH and More: Breakouts Loom on Pennants, Key Levels Ahead
PRO
Market Direction
BTC, ETH and More: Breakouts Loom o...The market is coiling in pennants after the inflation beat. All eyes on major resistance and breakdo...
6 min read
Oct 24, 2025
Market Pulse: Softer Inflation Fuels Fed Cut Hopes
PRO
Market Pulse
Market Pulse: Softer Inflation Fuel...Inflation surprised to the downside, easing Fed pressure and sparking rebounds in both TradFi and BT...
3 min read
Oct 24, 2025
Market Pulse: Inflation Set for Steady Print, BTC Eyes Range Breakout
PRO
Market Pulse
Market Pulse: Inflation Set for Ste...Tomorrow’s inflation numbers are expected to be flat, but the Fed's focus has shifted. BTC sits at r...
4 min read
Oct 23, 2025