Shiba Inu (SHIB) Price May Continue to Increase

Bulls are ruling world of Shiba Inu

Shiba Inu (SHIB) Price Analysis: 17 August

The price may be able to overcome the resistance levels of $0.000015 and $0.000016, respectively, if buyers can push the price over the $0.000013 mark. The price may fall below $0.000012 and attempt to test the support levels of $0.000011 and $0.000010, respectively, if sellers are successful in holding the cryptocurrency

Key Levels:

Resistance Levels: $0.000013, $0.000015, $0.000016

Support Levels: $0.000012, $0.000011, $0.000010

SHIBUSD

Long-term Trend: Bullish

The Shiba Inu daily chart has a clear bullish reversal indicator. Since July 21, sellers have controlled the SHIB market. The price crossed the threshold at $0.000015. The market’s selling dominance was often indicated by bearish candlestick patterns. The bears’ zeal caused the price to drop below $0.000013. $0.000012 points were tested. After being reviewed at the appropriate support level, the buyer’s selection was included to the transaction. Near the $0.000013 barrier level, the market is presently showing a clear bullish trend. Buyers drive the price till it breaks by $0.000013, and sellers take control when prices increase over the beginning point.

The Hull Suite indicator is satisfied by the current SHIB cost. The price may be able to overcome the resistance levels of $0.000015 and $0.000016, respectively, if buyers can push the price over the $0.000013 mark. The price may fall below $0.000012 and attempt to test the support levels of $0.000011 and $0.000010, respectively, if sellers are successful in holding the cryptocurrency.

 

SHIBUSD Price Medium-term Trend: Bullish

The pricing chart shows Shiba Inus’s four-hour price increase. The currency has been bought and sold for less than $0.000013 during the last week. Despite the price cut, customers still visit the stores. The price rises and breaks through the $0.000012 threshold before dropping below it again. The price tested $0.000013 after the 4-hour candle closed above $0.000012.

Shiba Inu prices are currently rising as a result of bulls driving the market higher with a bullish signal on the Hull Suite FX indicator. Furthermore, the QQE MOD contains an integer larger than zero.

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