Shiba Inu (SHIB) Price Is Pulling Back to Retest $0.00003056 Level

Sellers’ enthusiasm in the Shiba Inu market is increasing

Shiba Inu (SHIB) Price Analysis: 10 March

If buyers can push the price above the $0.00003670 resistance level, they might compel SHIB to break above the $0.00003958 and $0.00004399 levels. The price of the cryptocurrency may drop below $0.00003056 and reach the support levels of $0.000002265 and $0.00002108 if bears are successful in holding the $0.00003670 level.

Key Levels:

Resistance Levels: $0.00003670, $0.00003958, $0.00004399

Support Levels: $0.00003056, $0.00002265, $0.00002108

SHIBUSD

Long-term Trend: Bullish

Shiba Inus’s daily chart is trending upward. The SHIB market was controlled by buyers a few weeks ago. The price crossed the threshold at $0.00002108. Every day, a strong bullish candle suggests buyers are prepared to enter the market. The daily candle on February 07 broke above $0.00000225, a resistance level, suggesting that bulls, not bears, were pushing the price above $0.000003056. After that, it pulled back, and it is now rising to surpass $0.00003570.

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As of now, SHIB is trading above the Hull Suite signal. If buyers can push the price above the $0.00003670 resistance level, they might compel SHIB to break above the $0.00003958 and $0.00004399 levels. The price of the cryptocurrency may drop below $0.00003056 and reach the support levels of $0.000002265 and $0.00002108 if bears are successful in holding the $0.00003670 level.

SHIBUSD Price Medium-term Trend: Bearish

The pricing chart with four hours displays the price retracement for Shiba Inus. Because there have been more purchases than sales during the past two weeks, the value of the cryptocurrency has climbed by more than $0.00003670. The price increase was well received by the clients as consumers take advantage of the retailers. The price pulled back to retest the $0.00003056 support level.

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Based on the Hull Suite forex signals indicator, which shows a selling market with a bearish signal and the QQE MOD below zero level, bears are pushing down the price of Shiba Inus.

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