Shiba Inu (SHIB) Market Is Testing $0.000033 Resistance Level

Will price break up $0.000033 level?

Shiba Inu (SHIB) Price Analysis: 08 December

If buyers can push the price over the $0.000033 level, SHIB might be able to break through the resistance levels of $0.000037 and $0.000039, respectively. If sellers are successful in holding the currency, the price may drop below $0.000031 and try to test the support levels of $0.000028 and $0.000026, respectively

Key Levels:

Resistance Levels: $0.000033, $0.000037, $0.000039

Support Levels: $0.000031, $0.000028, $0.000026

SHIBUSD

Long-term Trend: Bullish

Right now, the Shiba Inu daily chart shows a positive reversal indication. Since November 12, sellers have controlled the SHIB market. The price crossed the threshold at $0.000028. Bullish candlestick patterns often indicated that the market was currently being controlled by buyers. It seems that the bulls’ fervor was not enough to push the price above the $0.000033 mark. The deal went against the seller’s decision following an evaluation at the designated support level. After the price bounces back from the $0.000031 barrier, buyers take over the market, and it is now trying to break up the $0.000033 level.

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The present SHIB cost satisfies the Hull Suite indication. If buyers can push the price over the $0.000033 level, the price might be able to break through the resistance levels of $0.000037 and $0.000039, respectively. If sellers are successful in holding the currency, the price may drop below $0.000031 and try to test the support levels of $0.000028 and $0.000026, respectively.

SHIBUSD Price Medium-term Trend: Bullish

The pricing chart shows the Shiba Inus price incline over a four-hour period. Over the past two days, more than $0.000028 worth of currency has been purchased and exchanged. Customers continue to frequent the stores in spite of the price rises. As the price rose, it tested the $0.000031 barrier before breaking through.

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The price may rise considerably more if the 4-hour candle closes over $0.000033. Due to bulls pushing the market higher with a positive signal on the Hull Suite FX signals indicator, Shiba Inu prices are currently rising. Additionally, there is a number greater than zero in the QQE MOD.

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