Shiba Inu (SHIB) Price Pulls Back to Retest $0.000015 Line

Uptrend movement may continue after retracement

Shiba Inu (SHIB) Price Analysis: 18 May

If buyers can push the price over the $0.000016 level, the price might be able to break through the resistance levels of $0.000018 and $0.000020, respectively. If sellers are successful in holding the cryptocurrency, Shiba Inu may drop below $0.000015 and try to test the support levels of $0.000013 and $0.000011, respectively.

Key Levels:

Resistance Levels: $0.000016, $0.000018, $0.000020

Support Levels: $0.000015, $0.000013, $0.000011

SHIBUSD

Long-term Trend: Bullish

There is a definite bullish reversal indicator on the Shiba Inu daily chart. The SHIB market has been dominated by sellers since December 8. At $0.000020, the price surpassed the threshold. Bearish candlestick patterns frequently indicated that sellers controlled the market. The price fell below $0.000013 due to the bears’ enthusiasm. After a review at the designated support level, the buyer’s choice was included into the transaction. Near the $0.000011 support level, the market is currently showing a clear upward reversal trend. Buyers take charge when prices rise over the initial level, pushing the price to test $0.000016.

The present SHIB cost satisfies the Hull Suite indication. If buyers can push the price over the $0.000016 level, the price might be able to break through the resistance levels of $0.000018 and $0.000020, respectively. If sellers are successful in holding the cryptocurrency, the price may drop below $0.000015 and try to test the support levels of $0.000013 and $0.000011, respectively.

SHIBUSD Price Medium-term Trend: Bullish

The pricing table shows how the price of Shiba Inus increased over a four-hour period. Over the past two days, the currency has been purchased and exchanged for over $0.000015. Customers continue to frequent the stores in spite of the price reduction. Before rising beyond 0.000016 once more, the price rose and tested the $0.000015 barrier. The price may increase significantly if the 4-hour candle closes over $0.000016.

Because bulls are driving the market higher with a bullish signal on the Hull Suite FX indicator, Shiba Inu prices are currently rising. Additionally, there is an integer greater than zero in the QQE MOD.

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