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Buyers’ momentum may increase in Shiba Inu market
Shiba Inu (SHIB) Price Analysis: 04 February
Sellers may force SHIB to break down the $0.00000801 and $0.00000722 levels if they can drive the price below the $0.00000874 support level. If bulls can hold the $0.00000874 level, the price of the cryptocurrency may increase beyond $0.00000944 and reach the resistance levels of $0.0000105 and $0.0000113.
Key Levels:
Resistance Levels: $0.00000944, $0.0000105, $0.0000113
Support Levels: $0.00000874, $0.00000801, $0.00000722
SHIBUSD
Long-term Trend: Bearish
The daily chart for the Shiba Inus is moving lower. Buyers controlled the SHIB market a few weeks ago. The price overcame the barrier at $0.000011. A strong bearish candle for the day indicates that sellers are ready to enter the market. On January 3, the daily candle dropped below the previous support level of $0.000009, indicating that bears rather than bulls were driving the market lower below $0.00000874. It later pulled back and is currently trades between $0.00000944 and $0.00000874.
SHIB is currently trading below the signal of the Hull Suite. Sellers may force SHIB to break down the $0.00000801 and $0.00000722 levels if they can drive the price below the $0.00000874 support level. If bulls can hold the $0.00000874 level, the price of the cryptocurrency may increase beyond $0.00000944 and reach the resistance levels of $0.0000105 and $0.0000113.
SHIBUSD Price Medium-term Trend: Bearish
The Shiba Inu pricing chart with four hours shows how much the price has decreased. Because there have been more sales than purchases over the last two weeks, the currency’s value has decreased by less than $0.00000874. The dealers got so excited that the price fell to $0.00000874. As more customers take advantage of the merchants, the price can go up. Join the telegram group for better signals.
Bulls are driving up the price of Shiba Inus based on the Hull Suite indicator, which displays a buy market with a bullish signal and the QQE MOD above zero level.
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