Shiba Inu (SHIB) Market May Continue Bullish Trend After a Pullback

Price may break up $0.00002621 level

Shiba Inu (SHIB) Price Analysis: 17 November

The price may be able to overcome the resistance levels of $0.00002880 and $0.00003212, respectively, if buyers can push the price over the $0.00002621 level. SHIB may fall below $0.00002373 and attempt to test the support levels of $0.00002148 and $0.00002141, respectively, if sellers are successful in holding the currency.

Key Levels:

Resistance Levels: $0.00002621, $0.00002880, $0.00003212

Support Levels: $0.00002373, $0.00002148, $0.00002141

SHIBUSD

Long-term Trend: Bullish

Right now, the Shiba Inu daily chart is showing an upward trend. The SHIB market has been dominated by buyers since September 26. At $0.00002141, the price surpassed the threshold. Bullish candlestick patterns typically show that buyers are taken over at moment. Indicating that the bears’ impetus was insufficient to drive the price below the $0.00002148 price barrier, the September 27 daily candle was unable to break through it. After an assessment at the specified resistance level, the transaction went as planned. The market was eventually taken over by buyers, and the price tested the $0.00002621 level after breaking through the $0.00002373 barrier.

The Hull Suite indicator is satisfied by the current SHIB cost. The price may be able to overcome the resistance levels of $0.00002880 and $0.00003212, respectively, if buyers can push the price over the $0.00002621 level. The price may fall below $0.00002373 and attempt to test the support levels of $0.00002148 and $0.00002141, respectively, if sellers are successful in holding the currency.

SHIBUSD Price Medium-term Trend: Bullish

The Shiba Inus price increase over a four-hour period is displayed in the pricing chart. Less than $0.00001846 worth of currency has been bought and traded in the last two weeks. Despite the lower pricing, customers still visit the stores. The price has increased and successfully breached the $0.00002141 barrier. If the 4-hour candle closes above the previously recommended level, the price can rise even more.

Shiba Inu prices are currently rising because bulls are pushing the market higher with a positive signal on the Hull Suite FX indicator. The QQE MOD also contains a value that is higher than zero.

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