Shiba Inu (SHIB) Price Is Increasing

Bullish momentum may increase further in Shib Market

Shiba Inu (SHIB) Price Analysis: 11 August

Shiba Inu can break below the levels of $0.00001259 and $0.00001186 if sellers are successful in driving the price below the $0.00001386 support level. The price of the cryptocurrency may surge over $0.00001525 and attempt to test the resistance levels of $0.00001696 and $0.00001846 if bears are successful in holding it.

Key Levels:

Resistance Levels: $0.00001525, $0.00001696, $0.00001846

Support Levels: $0.00001386, $0.00001259, $0.00001186

SHIBUSD

Long-term Trend: Bearish

Shiba Inus’s daily chart is now showing a negative trend. The SHIB market has been dominated by sellers since May 30th. The price passed the threshold at $0.00002146. Candlestick patterns that are bearish frequently imply that sellers are prepared to enter the market at any moment. The price at which bears forced the price below $0.00001525 was $0.00001846, and this level was broken by the daily candle on July 3. There was a dispute between buyers and sellers at this point. The transaction went through according to schedule, and the $0.00001386 support level was looked at.

The SHIB price is currently below the Hull Suite indicator’s trading level. SHIB can break below the levels of $0.00001259 and $0.00001186 if sellers are successful in driving the price below the $0.00001386 support level. The price of the cryptocurrency may surge over $0.00001525 and attempt to test the resistance levels of $0.00001696 and $0.00001846 if bears are successful in holding it.

SHIBUSD Price Medium-term Trend: Bullish

The four-hour pricing chart shows an increase in Shiba Inu values. Less than $0.00001846 worth of cash has been bought and sold in the last two weeks. Even with the lower prices, customers still regularly visit the stores. The price is increasing and is very closely testing $0.00001387. If the 4-hour candle closes above the $0.00001525 resistance level, the price may rise.

Shiba Inu prices are currently increasing as bulls are driving the market higher with a bullish signal on the Hull Suite FX indicator. Furthermore, the QQE MOD has a value higher than zero.

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