Shiba Inu (SHIB) Price Bouncing Up at $0.0000050 Level

Further price increase envisaged

Shiba Inu (SHIB) Price Analysis: 15 February

The price may be able to overcome the resistance levels of $0.0000075 and $0.0000081 if buyers can push it above $0.0000071. Sellers can try to assault the support levels of $0.0000050 and $0.0000045 if they can hold the price below $0.0000068.

Key Levels:

Resistance Levels: $0.0000071, $0.0000075, $0.0000081

Support Levels: $0.0000068, $0.0000050, $0.0000045

SHIBUSD

Long-term Trend: Bullish

The Shiba Inu daily chart shows a glimpse of a bullish turnaround. Since January 05, Sellers have dominated the SHIB market. On Friday, the January 5th, the price reached its lowest point of $0.0000050. The degree of selling pressure is indicated by a bearish engulfing candlestick pattern. The price fell to $0.0000050 due to the widespread pessimism. After then, the price was examined at the same mark. Selling pressure once again affected trading activity when the price was assessed at the proper resistance level. It is evident that the market is presently rising close to the barrier level of $0.0000071. Buyers take control and drive the price up till it reaches $0.0000071.

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The Hull Suite indication is consistent with SHIB’s existing pricing. The price may be able to overcome the resistance levels of $0.0000075 and $0.0000081 if buyers can push it above $0.0000071. Sellers can try to assault the support levels of $0.0000050 and $0.0000045 if they can hold the price below $0.0000068.

SHIBUSD Price Medium-term Trend: Bullish

The pricing chart displays the Shiba Inus’s price incline during a four-hour period. The currency has traded for less than $0.0000050 in the last month. Customers still frequent the stores in spite of the price cut. At first, the price fell below the $0.0000050 level before bouncing through additional resistance levels. The price briefly tested the $0.0000045 barrier when the 4-hour candle ended at the previously mentioned level.

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Due to a positive signal on the Hull Suite FX indicator, which is driving the market higher, Shiba Inu prices are currently fallrising. Additionally, the QQE MOD contains an integer that is greater than zero.

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