Shiba Inu (SHIB) Price Bounces at $0.000011 Testing $0.000016

Break up of $0.000016 level envisaged

Shiba Inu (SHIB) Price Analysis: 11 May

The price may be able to overcome the resistance levels of $0.000018 and $0.000020, respectively, if buyers can push the price over the $0.000016 level. The price may fall below $0.000015 and attempt to test the support levels of $0.000013 and $0.000011, respectively, if sellers are successful in holding the crypto currency.

Key Levels:

Resistance Levels: $0.000016, $0.000018, $0.000020

Support Levels: $0.000015, $0.000013, $0.000011

SHIBUSD

Long-term Trend: Bullish

The Shiba Inu daily chart has a clear bullish reversal indicator. Since December 8, sellers have controlled the SHIB market. The price crossed the threshold at $0.000020. Often, bearish candlestick patterns showed that the market was dominated by sellers. The bears’ fervor caused the price to drop below $0.000013. The buyer’s selection was incorporated into the transaction following a review at the assigned support level. The market is presently displaying a distinct upward reversal trend close to the support level of $0.000011. When prices surpass the first level, buyers gain control and push price to test $0.000016.

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The Hull Suite crypto indicator is satisfied by the current SHIB cost. The price may be able to overcome the resistance levels of $0.000018 and $0.000020, respectively, if buyers can push the price over the $0.000016 level. The price may fall below $0.000015 and attempt to test the support levels of $0.000013 and $0.000011, respectively, if sellers are successful in holding the crypto currency.

 

SHIBUSD Price Medium-term Trend: Bullish

The Shiba Inu price soar higher during a four-hour period is displayed in the pricing table. The currency has been bought and traded for more than $0.000015 in the last two days. Despite the price cut, customers still visit the stores. The price increased and challenged the $0.000015 barrier before gaining once more above 0.000016. If the 4-hour candle closes over $0.000016, the price could rise sharply.

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Shiba Inu prices are currently climbing because bulls are pushing the market higher with a positive signal on the Hull Suite FX indicator. Furthermore, the QQE MOD contains an integer larger than zero.

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