Shiba Inu (SHIB) May Continue Bullish After a Pullback

Bulls are dominating SHIB market

Shiba Inu (SHIB) Price Analysis: 22 September

SHIB may be able to break the levels of $0.00001687 and $0.00001846 if buyers are able to push the price above the resistance level of $0.00001504. The price of the cryptocurrency may fall below $0.00001390 and attempt to test the support levels of $0.00001256 and $0.00001189, respectively, if sellers are successful in holding it.

Key Levels:

Resistance Levels: $0.00001504, $0.00001687, $0.00001846

Support Levels: $0.00001390, $0.00001256, $0.00001189

SHIBUSD

Long-term Trend: Bullish

The Shiba Inus daily chart is now showing an inclining trend. The SHIB market has been dominated by sellers since May 30th. At $0.00001256, the price was more than the threshold. Bearish candlestick patterns typically suggest that sellers are poised to seize the opportunity to dominate the market at any moment. The daily candle crossed above the $0.00001256 price barrier on August 23, marking the moment when bulls drove the price up to $0.00001390. There was a dispute going on right now between the sellers and the purchasers. After the established support level was investigated, the transaction may go through as scheduled on crypto signals.

Right now, the SHIB pricing is bigger than the Hull Suite indication. SHIB may be able to break the levels of $0.00001687 and $0.00001846 if buyers are able to push the price above the resistance level of $0.00001504. The price of the cryptocurrency may fall below $0.00001390 and attempt to test the support levels of $0.00001256 and $0.00001189, respectively, if sellers are successful in holding it.

SHIBUSD Price Medium-term Trend: Bullish

The pricing chart shows an incline in Shiba Inus during a four-hour period. Less than $0.00001504 worth of currency has been bought and exchanged in the last two weeks. Even with the lower costs, customers still regularly visit the stores. The price is increasing and getting extremely near to $0.00001504. If the 4-hour candle closes over the $0.00001504 barrier level, the price may rise.

Shiba Inu prices are currently pulling back because bears are driving the market lower with a negative signal on the Hull Suite FX indicator. Moreover, the QQE MOD contains a value that is above zero.

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