Will SHIB Explode Following This Bullish Signal? (Shiba Inu Price Analysis)


18 Sep 2023 10:27 AM

Shib's price has finally found support, and buyers are now eager to come back. Key Support levels: $0.0000070, $0.0000064 Key Resistance levels:...

  • Key support levels: $0.0000070, $0.0000064
  • Key resistance levels: $0.0000075, $0.0000080
  • The support at $0.0000070 has halted the downtrend, indicating buyer dominance.
  • The price has formed a higher low, suggesting a bullish trend.
  • The resistance at $0.0000075 may be tested soon, potentially leading to a breakout.
  • A breakout could propel the price to the next key resistance at $0.0000080, initiating a significant rally.
  • The daily MACD has shown a bullish cross, further supporting upward movement.
  • The only obstacle to a rally would be strong selling pressure at the key resistance level.
  • The overall bias for SHIB is bullish, with a potential for higher levels.

The sentiment of the article is positive, indicating optimism for a potential rally in the price of SHIB.

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You May Ask

What are the key support levels for SHIB mentioned in the article?What are the key resistance levels for SHIB mentioned in the article?What is the significance of the higher low formation in the price of SHIB?What could happen if the resistance at $0.0000075 is breached?

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