Shiba Inu (SHIB) Price: Buyers May Force SHIB to Break Over $0.00002265 Level

Buyers’ enthusiasm in the Shiba Inu market is growing.

Shiba Inu (SHIB) Price Analysis: 03 March

Buyers may force SHIB to break over the $0.00002773 and $0.00003027 levels if they can drive the price above the $0.00002265 resistance level. If bears can hold the $0.00002265 level, the price of the cryptocurrency may go below $0.00002112 and approach the support levels of $0.000001889 and $0.00001662

Key Levels:

Resistance Levels: $0.00002265, $0.00002773, $0.00003027

Support Levels: $0.00002112, $0.00001889, $0.00001662

SHIBUSD

Long-term Trend: Bullish

The daily chart for Shiba Inu is rising. A few weeks prior, the SHIB market was dominated by buyers. At $0.00001662, the price surpassed the threshold. A powerful bullish candle indicates buyers are ready to enter the market every day. On February 07, the daily candle rose over a resistance level of $0.000001889, indicating that bulls rather than bears were driving the price above $0.000002112. It then withdrew, and it is currently increasing to cross $0.00002265.

SHIB is currently trading higher above the Hull Suite signal. Buyers may force SHIB to break over the $0.00002773 and $0.00003027 levels if they can drive the price above the $0.00002265 resistance level. If bears can hold the $0.00002265 level, the price of the cryptocurrency may go below $0.00002112 and approach the support levels of $0.000001889 and $0.00001662. Join best forex signals telegram.

SHIBUSD Price Medium-term Trend: Bullish

A four-hour pricing chart shows the increase in price for Shiba Inus. Over the last two weeks, there have been more purchases than sales, which has increased the cryptocurrency’s value by more than $0.00002112. The clients were thrilled with the price rise. Prices are going up as customers take advantage of the retailers.

Bulls are driving up the price of Shiba Inus based on the Hull Suite indicator, which displays a purchasing market with a bullish signal and the QQE MOD above zero level.

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