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Buyers’ momentum increases in Shiba Inu market
Shiba Inu (SHIB) Price Analysis: 25 February
If buyers can push the price above the $0.0000100 resistance level, they might force SHIB to break above the $0.0000105 and $0.0000113 levels. The price of the cryptocurrency may drop below $0.00000945 and approach the support levels of $0.00000874 and $0.0000798 if bears are successful in holding the $0.0000100 level.
Key Levels:
Resistance Levels: $0.0000100, $0.0000105, $0.0000113
Support Levels: $0.00000945, $0.00000874, $0.00000798
SHIBUSD
Long-term Trend: Bullish
Shiba Inus’s daily chart is trending upward. A few weeks ago, sellers controlled the SHIB market. The price at $0.0000798 broke through the barrier. Every day, a strong bullish candle seems to signal that buyers are prepared to enter the market. The daily candle rise above $0.00000874, a resistance level, on February 07, suggesting that bulls, not bears, were pushing the price beyond $0.00000945. After that, it pulled back, and it is now rising to surpass $0.0000100.
As of now, SHIB is trading above the Hull Suite signal. If buyers can push the price above the $0.0000100 resistance level, they might force SHIB to break above the $0.0000105 and $0.0000113 levels. The price of the cryptocurrency may drop below $0.00000945 and approach the support levels of $0.00000874 and $0.0000798 if bears are successful in holding the $0.0000100 level. Join best forex signal telegram.
SHIBUSD Price Medium-term Trend: Bullish
A four-hour pricing chart displays the price increase for the Shiba Inus. Because there have been more purchases than sales over the past two weeks, the value of the cryptocurrency has climbed by more than $0.00000945. The price increase to $0.0000100 made the customers quite delighted. As consumers take advantage of the retailers, prices are rising.
Based on the Hull Suite indicator, which shows a purchasing market with a bullish signal and the QQE MOD above zero level, bulls are pushing up the price of Shiba Inus.
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