Shiba Inu (SHIB) Market Is Overtaken By Buyers

Price may increase above $0.000030 level

Shiba Inu (SHIB) Price Analysis: 01 December

The price may be able to overcome the resistance levels of $0.000032 and $0.000033, respectively, if buyers can push the price over the $0.000030 level. The price may fall below $0.000029 and attempt to test the support levels of $0.000027 and $0.000025, respectively, if sellers are successful in holding the currency

Key Levels:

Resistance Levels: $0.000030, $0.000032, $0.000033

Support Levels: $0.000029, $0.000027, $0.000025

SHIBUSD

Long-term Trend: Bullish

A positive reversal signal is currently visible on the Shiba Inu daily chart. Sellers have been in charge of the SHIB market since November 12. At $0.000029, the price surpassed the threshold. In general, bearish candlestick patterns showed that sellers were controlling the market at that moment. It appears that the bears’ enthusiasm was insufficient to propel the price below the $0.000025 level. After an assessment at the specified support level, the transaction went opposite sellers’ decision. The market is overtaken by buyers after the price recovers from the $0.000025 barrier, and it is currently confronting the $0.000030 level.

The Hull Suite indicator is satisfied by the current SHIB cost. The price may be able to overcome the resistance levels of $0.000032 and $0.000033, respectively, if buyers can push the price over the $0.000030 level. The price may fall below $0.000029 and attempt to test the support levels of $0.000027 and $0.000025, respectively, if sellers are successful in holding the currency.

SHIBUSD Price Medium-term Trend: Bullish

The Shiba Inus price incline over a four-hour period is depicted in the pricing chart. More than $0.000029 worth of currency has been bought and traded in the last two days. Despite the price increases, customers still visit the stores. The price increased, testing the $0.000030 barrier but increasing to break through. If the 4-hour candle closes above $0.000030, the price can increase even further.

Shiba Inu prices are currently inclining as a result of bulls pushing the market higher with a bullish forex signal on the Hull Suite FX indicator. Furthermore, the QQE MOD contains a number that is higher than zero.

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