Bulls may increase in Shiba Inu market
Shiba Inu (SHIB) Price Analysis: 21 April
If sellers are successful in pushing the price below the $0.0000227 support level, SHIB may break below the $0.0000210 and $0.0000189 levels. If bulls are able to hold the $0.0000227 level, the price of the cryptocurrency may rise above $0.0000295 and test the resistance levels of $0.0000331 and $0.0000367.
Key Levels:
Resistance Levels: $0.0000295, $0.0000331, $0.0000367
Support Levels: $0.0000227, $0.0000210, $0.0000189
SHIBUSD
Long-term Trend: Bearish
Shiba Inus’s daily chart is bearish. A few weeks prior, the SHIB market was controlled by buyers. The price crossed the threshold at $0.00002270. Every day, a strong bullish candle seems to suggest that buyers are prepared to enter the market. The price was driven above $0.00004399 by bulls rather than bears on February 07, when the daily candle broke over a resistance level at $0.000002270. The selling held firm at the previously indicated level, giving the bears further momentum. The price started to decline and is presently dropping to surpass $0.0000227.
The price of SHIB is currently trading below the Hull Suite crypto signals indicator. If sellers are successful in pushing the price below the $0.0000227 support level, SHIB may break below the $0.0000210 and $0.0000189 levels. If bulls can hold the $0.0000227 level, the price of the cryptocurrency may rise above $0.0000295 and test the resistance levels of $0.0000331 and $0.0000367.
SHIBUSD Price Medium-term Trend: Bullish
The four-hour pricing chart shows a price retracement for the Shiba Inus. Because there have been more sales than purchases during the last two weeks, the cryptocurrency’s value has decreased by about $0.00001899. Even when prices have dropped, customers continue to frequent the stores. The price bounces back and it is currently close to $0.0000295 level. if the 4-hour candle closes above the just-mentioned level, the price may continue in a bullish movement.
The Hull Suite forex indicator, which shows a buying market with a bullish signal and the QQE MOD above the zero level, indicates that bulls are currently driving up the price of Shiba Inu.
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