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In Shiba Inu market, Bulls’ zeal is growing
Shiba Inu (SHIB) Price Analysis: 17 March
Buyers may force SHIB to break over the $0.00003670 and $0.00003958 levels if they can drive the price above the resistance level at $0.00003056. If bears can hold the $0.00003056 level, the price of the cryptocurrency may go below $0.00002265 and reach the support levels of $0.000002108 and $0.00001888.
Key Levels:
Resistance Levels: $0.00003056, $0.00003670, $0.00003958
Support Levels: $0.00002265, $0.00002108, $0.00001888
SHIBUSD
Long-term Trend: Bullish
The daily chart for Shiba Inus is rising. A few weeks ago, buyers commanded the SHIB market. At $0.00002108, the price passed the threshold. A powerful bullish candle indicates buyers are ready to enter the market daily. On February 07, the daily candle broke over a resistance level of $0.000002265, indicating that bulls, not bears, were driving the price above $0.000003056. It then withdrew, and it is currently increasing to cross $0.00003056.
SHIB is currently trading higher above the Hull Suite signal. Buyers may force SHIB to break over the $0.00003670 and $0.00003958 levels if they can drive the price above the resistance level at $0.00003056. If bears can hold the $0.00003056 level, the price of the cryptocurrency may go below $0.00002265 and reach the support levels of $0.000002108 and $0.00001888.
SHIBUSD Price Medium-term Trend: Bearish
The price retracement for Shiba Inu is shown on the four-hour pricing chart. The value of the cryptocurrency has increased by more than $0.00003670 during the last two weeks due to a greater number of purchases than sales. The customers took the price rise quite nicely. While customers exploit the retailers. To retest the $0.00003056 support level, the price retreated.
At the moment, Bulls are driving up the price of Shiba Inus, according to the Hull Suite forex signals indicator, which displays a selling market with a bearish signal and the QQE MOD below 0 level.
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