Shiba Inu (SHIB) Price Bounces Up at $0.000011 Level

Buyers defend $0.000011 level in SHIB market

Shiba Inu (SHIB) Price Analysis: 16 March

The price may be able to overcome the resistance levels of $0.000015 and $0.000016, respectively, if buyers can push the price over the $0.000013 level. The price may fall below $0.000012 and attempt to test the support levels of $0.000011 and $0.000010, respectively, if sellers are successful in holding the currency

Key Levels:

Resistance Levels: $0.000013, $0.000015, $0.000016

Support Levels: $0.000012, $0.000011, $0.000010

SHIBUSD

Long-term Trend: Bullish

The Shiba Inu daily chart shows a bullish reversal indicator. Since December 8, sellers have controlled the SHIB market. The price crossed the threshold at $0.000020. Often, bearish candlestick patterns signaled that the market was dominated by sellers. The bears’ fervor appears to be causing the price to drop below $0.000013. The buyer’s decision was followed in the transaction after an examination at the designated support level. At the $0.000012 support level, the market is presently showing significant positive momentum. When the price increase above the aforementioned barrier, buyers take control.

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The Hull Suite indicator is satisfied by the current SHIB cost. The price may be able to overcome the resistance levels of $0.000015 and $0.000016, respectively, if buyers can push the price over the $0.000013 level. The price may fall below $0.000012 and attempt to test the support levels of $0.000011 and $0.000010, respectively, if sellers are successful in holding the currency.

SHIBUSD Price Medium-term Trend: Bullish

The Shiba Inu increase during a four-hour period is displayed in the pricing table. More than $0.000012 worth of crypto has been bought and traded in the last two days. Despite the incline in prices, customers still visit the stores. The price dropped, tested the barrier of $0.000012 and bounce up. If the 4-hour candle closes above $0.000012, the price could rise considerably.

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Shiba Inu prices are currently inclining as a result of bulls pushing the market higher with a bullish signal on the Hull Suite FX indicator. The QQE MOD also contains an integer that is higher than zero.

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