Shiba Inu (SHIB) Price: Bullish Reversal Is Possible at $0.000033 Resistance Level

Bulls counter Beas at $0.000033  mark

Shiba Inu (SHIB) Price Analysis: 05 January

Shiba Inu may be able to overcome the resistance levels of $0.000028 and $0.000030, respectively, if buyers can push the price over the $0.000026 level. The price may fall below $0.000023 and attempt to test the support levels of $0.000021 and $0.000020, respectively, if sellers are successful in holding the currency.

Key Levels:

Resistance Levels: $0.000026, $0.000028, $0.000030

Support Levels: $0.000023, $0.000021, $0.000020

SHIBUSD

Long-term Trend: Bearish

Right now, the Shiba Inu daily chart shows a bearish reversal indicator. The SHIB market has been dominated by sellers since December 8. At $0.0000280, the price surpassed the threshold. Bearish candlestick patterns frequently signaled that sellers were now in control of the market. It appears that the price will drop below $0.000026 due to the bears’ zeal. The transaction did not follow the buyer’s choice after an evaluation at the specified resistance level. Sellers gain control of the market when the price drops below the $0.000033 barrier, and it is currently attempting to breach the $0.000023 support level.

The Hull Suite indicator is satisfied by the current SHIB cost. The price may be able to overcome the resistance levels of $0.000028 and $0.000030, respectively, if buyers can push the price over the $0.000026 level. The price may fall below $0.000023 and attempt to test the support levels of $0.000021 and $0.000020, 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 $0.000023 worth of currency has been bought, and traded in the last two days. Despite the price reduction, customers still visit the stores. Before breaking through, the price dropped and challenged the $0.000023 barrier. If the 4-hour candle closes above $0.000026, the price can increase even more.

Shiba Inu prices are currently increasing 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 geater than zero.

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