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Bulls’ pressure increases in Shiba Inu market
Shiba Inu (SHIB) Price Analysis: 18 February
Buyers may force SHIB to break above the $0.0000105 and $0.0000113 levels if they can drive the price above the $0.0000100 resistance level. If bears can hold the $0.0000100 level, the price of the cryptocurrency may decrease below $0.00000945 and reach the support levels of $0.00000874 and $0.0000798.
Key Levels:
Resistance Levels: $0.0000100, $0.0000105, $0.0000113
Support Levels: $0.00000945, $0.00000874, $0.00000798
SHIBUSD
Long-term Trend: Bullish
The daily chart for the Shiba Inus is on the rise. The SHIB market was dominated by sellers a few weeks ago. The price overcame the barrier at $0.0000798. A robust bullish candle daily indicates buyers are ready to enter the market. On January 3, the daily candle rose above the resistance level of $0.00000894, indicating that bulls rather than bears were driving the price above $0.00000945. It then retracted and is currently trading upward to break above $0.0000100.
SHIB is currently trading higher above the Hull Suite signal. Buyers may force SHIB to break above the $0.0000105 and $0.0000113 levels if they can drive the price above the $0.0000100 resistance level. If bears can hold the $0.0000100 level, the price of the cryptocurrency may decrease below $0.00000945 and reach the support levels of $0.00000874 and $0.0000798.
SHIBUSD Price Medium-term Trend: Bullish
Shiba Inu four-hour pricing chart shows how much prices have increased. The Crypto’s value has increased by more than $0.00000945 during the last two weeks due to more purchases than sales. The buyers were so happy that the price increased to $0.0000100. Prices are rising as customers exploit the retailers.
Bulls are driving up the price of Shiba Inus based on the Hull Suite indicator, which displays a buying market with a bullish Crypto signal and the QQE MOD above zero level.
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