Shiba Inu (SHIB) Price Bounce Up at $0.0000068

Buyers defend $0.0000068 point

Shiba Inu (SHIB) Price Analysis: 04 January

The price may be able to overcome the resistance levels of $0.0000113 and $0.0000118 if buyers can push it over $0.0000102. Sellers may try to test the support levels of $0.0000083 and $0.0000076 if they are successful in holding the price below $0.0000092.

Key Levels:

Resistance Levels: $0.0000102, $0.0000113, $0.0000118

Support Levels: $0.0000092, $0.0000083, $0.0000076

SHIBUSD

Long-term Trend: Bullish

The Shiba Inu daily chart is showing a bullish reversal indication. Since July 21, sellers have dominated the SHIB market. On Wednesday 31, price bottomed at $0.0000076 level. A bullish engulfing candlestick patterns were once employed to show how strong the buying pressure is. The price flipped above $0.0000083 because to the significant pessimistic sentiment. The $0.0000092 level was then tested by the price. Buying pressure reappeared in the trading activity once the price was assessed at the proper support level. It is evident that the market is currently rising close to the resistance level of $0.0000102. Buyers seize control as soon as the price reaches this level again and drive it higher until it rise above $0.0000102.

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The Hull Suite indication is in line with SHIB’s current price. The price may be able to overcome the resistance levels of $0.0000113 and $0.0000118 if buyers can push it over $0.0000102. Sellers may try to test the support levels of $0.0000083 and $0.0000076 if they are successful in holding the price below $0.0000092.

SHIBUSD Price Medium-term Trend: Bullish

The pricing chart displays the four-hour price increase for Shiba Inus. The currency has been traded for less than $0.0000091 throughout the last month. Customers are still going to the stores despite the price cut. The price first rise above the $0.0000076 mark before breaking up more resistance level. The price momentarily tested the $0.0000092 level after the 4-hour candle closed above $0.0000083.

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Due to a bullish signal on the Hull Suite FX indicator, which is driving the market higher, Shiba Inu prices are currently inclining. Furthermore, the QQE MOD contains an integer that is more than zero.

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