Shiba Inu (SHIB) Price: Bullish Trend May Continue

Short Price retracement towards $0.00000839

Shiba Inu (SHIB) Price Analysis: 11 January

If buyers can push the price over $0.00000920, it might be able to break through the resistance levels of $0.0000104 and $0.0000118. If sellers are successful in keeping the price below $0.00000839, they can attempt to challenge the support levels of $0.0000076 and $0.0000068.

Key Levels:

Resistance Levels: $0.00000920, $0.0000104, $0.0000118

Support Levels: $0.00000839, $0.0000076, $0.0000068

SHIBUSD

Long-term Trend: Bullish

There is a positive reversal hint on the Shiba Inu daily chart. The SHIB market has been controlled by sellers since July 21. The price reached its lowest point of $0.0000076 on Wednesday, the 31st. In the past, a bullish engulfing candlestick pattern was used to indicate the level of buying pressure. The significant bearish sentiment caused the price to switch above $0.0000083. The price then tested the $0.0000068 level. After the price was evaluated at the appropriate support level, buying pressure returned to the trading activity. It is clear that the market is currently gaining at the $0.0000076 barrier level. Once the price hits this level once more, buyers take control and push it higher until it surpasses $0.0000839.

The present pricing of SHIB is consistent with the Hull Suite indication. If buyers can push the price over $0.00000920, it might be able to break through the resistance levels of $0.0000104 and $0.0000118. If sellers are successful in keeping the price below $0.00000839, they can attempt to challenge the support levels of $0.0000076 and $0.0000068.

SHIBUSD Price Medium-term Trend: Bullish

The four-hour price rise for Shiba Inus is shown in the pricing chart. Over the past month, the currency has been traded for less than $0.0000076. Despite the price reduction, customers continue to visit the stores. Before breaking through more resistance levels, the price first rises beyond the $0.0000076 threshold. After the 4-hour candle closed above $0.00000839, the price briefly tested the $0.0000092 level.

Shiba Inu prices are currently rising as a result of a bullish signal on the Hull Suite FX indicator, which is pushing the market higher. Additionally, there is an integer greater than zero in the QQE MOD.

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