Shiba Inu (SHIB) Price: A Bearish Reversal at $0.00000874 Level

Buyers’ momentum increases in Shiba Inu market

Shiba Inu (SHIB) Price Analysis: 11 February

If sellers can push the price below the $0.00000874 support level, they might compel SHIB to break down the $0.00000801 and $0.00000722 levels. The price of the cryptocurrency may rise above $0.00000944 and hit the resistance levels of $0.0000105 and $0.0000113 if bulls can hold the $0.00000874 level.

Key Levels:

Resistance Levels: $0.00000944, $0.0000105, $0.0000113

Support Levels: $0.00000874, $0.00000801, $0.00000722

SHIBUSD

Long-term Trend: Bullish

The Shiba Inus’s daily chart is trending upward. A few weeks ago, sellers ruled the SHIB market. At $0.000011, the price broke through the barrier. A strong daily bearish candle seems to be a sign that sellers are prepared to enter the market. The daily candle fell below the $0.000009 prior support level on January 3, suggesting that bears, not bulls, were pushing the price below $0.00000874. Later on, it withdrew and is now trading upward trying to break up $0.00000944.

At the moment, SHIB is trading above the Hull Suite signal. If sellers can push the price below the $0.00000874 support level, they might compel SHIB to break down the $0.00000801 and $0.00000722 levels. The price of the cryptocurrency may rise above $0.00000944 and hit the resistance levels of $0.0000105 and $0.0000113 if bulls can hold the $0.00000874 level.

SHIBUSD Price Medium-term Trend: Bullish

The four-hour pricing chart for Shiba Inus illustrates the amount of price increase. Over the past two weeks, there have been more sales than purchases, resulting in a decline in the currency’s value of less than $0.00000874. The price dropped to $0.00000874 because the merchants were so ecstatic. Prices is increasing as consumers take advantage of the retailers.

Based on the Hull Suite indicator, which shows a purchase market with a bullish best forex signal and the QQE MOD above zero level, bulls are pushing up the price of Shiba Inus.

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