Shiba Inu (SHIB) Market: Bulls Defeat Bears

Price may incline above $0.00002880 level

Shiba Inu (SHIB) Price Analysis: 10 November

If buyers can push SHIB over the $0.00002621 level, the price might be able to break through the resistance levels of $0.00002880 and $0.00003212, respectively. If sellers are successful in holding the coin, the price may drop below $0.00002373 and try to test the support levels of $0.00002141 and $0.00002148, respectively.

Key Levels:

Resistance Levels: $0.00002621, $0.00002880, $0.00003212

Support Levels: $0.00002373, $0.00002141, $0.00002148

SHIBUSD

Long-term Trend: Bullish

The Shiba Inu daily chart is now trending upward. Since September 26, buyers have been controlling the SHIB market. The price exceeded the threshold at $0.00002141. Generally speaking, bullish candlestick patterns indicate that buyers are ready to take over at any time. The September 27 daily candle failed to break down the $0.00002148 price barrier, indicating that the bears’ impetus was insufficient to push the price below it. The transaction proceeded according to plan following an evaluation at the designated resistance level. Eventually, buyers took control of the market, and the price broke through the $0.00002373 barrier and test the $0.00002621 level.

The present SHIB cost satisfies the Hull Suite indication. If buyers can push the price over the $0.00002621 level, the price might be able to break through the resistance levels of $0.00002880 and $0.00003212, respectively. If sellers are successful in holding the coin, the price may drop below $0.00002373 and try to test the support levels of $0.00002141 and $0.00002148, respectively.

SHIBUSD Price Medium-term Trend: Bullish

The pricing chart shows the rise in Shiba Inus during a four-hour period. Over the past two weeks, less than $0.00001846 worth of currency has been purchased and exchanged. Customers continue to frequent the stores in spite of the reduced prices. The price is up, and it broke the $0.00002141 barrier quite well. The price may incline further if the 4-hour candle closes above the level that was previously suggested.

Bulls are driving the market higher with a positive signalhttps://learn2.trade/crypto-signals on the Hull Suite FX indicator, which is why Shiba Inu prices are currently increasing. Additionally, there is a number in the QQE MOD that is greater than zero.