Further increase of SHIB price envisaged
Shiba Inu (SHIB) Price Analysis: 30 July
SHIB may breach the $0.00000919 resistance level and test the $0.00000985 and $0.00001041 levels if buyers maintain their momentum. The price of the cryptocurrency may drop below $0.00000839 and approach the support levels of $0.00000740 and $0.00000682 if bears are successful in holding the $0.00000919 level.
Key Levels:
Resistance Levels: $0.00000919, $0.00000985, $0.00001041
Support Levels: $0.00000839, $0.00000740, $0.00000682
SHBUSD Long-term Trend: Bullish
Shiba Inu’s daily chart shows a rising trend. Five weeks ago, the coin’s value ranged between $0.0000091 and $0.00000792. On June 5, sellers exerted pressure on the price, and it decline to the $0.00000594 support level, it immediately began to fall two weeks later. A short “W” chart pattern has been produced by the price movement, which suggests that buyers are gaining momentum to control the SHIB market. The resistance level of $0.00000845 is already broken upside.
The price is currently trading above the two EMAs after the 9-period EMA crossed above the 21-period EMA. Price may breach the $0.00000919 resistance level and test the $0.00000985 and $0.00001041 levels if buyers maintain their momentum. The price of the cryptocurrency may drop below $0.00000839 and approach the support levels of $0.00000740 and $0.00000682 if bears are successful in holding the $0.00000919 level. The relative index period 14’s recommendation to buy at level 63 serves as a buy signal.
SHIBUSD Price Medium-term Trend: Bullish
Shiba Inu’s 4-hour chart reveals a rising trend. When the cryptocurrency’s value dropped below $0.00000594 over the previous five weeks, selling exceeded buying. The price was forced lower at the aforementioned level by the sellers’ fervor, piercing the $0.00000837 support level and reaching $0.00000594. Last week, the price ranged between $0.00000893 and $0.00000740 and later broke upside $0.00000893 level.
Shiba Inu is currently trading above the 9- and 21-period exponential moving averages indicating a bullish market. The 62 levels of the Relative Strength Index indicate a sell, which may be a pullback.
You can purchase Lucky Block here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.