A descending trendline breakout reinforces the SHIB price attempts to rebound from the bottom support trendline. However, the shared resistance of $0.000025, 50-and-200-day EMA prevents the coin price from rising higher. The buyers need to gather enough bullish momentum during the ongoing retest if they want to overcome the overhead barrier. Key points: The SHIB price
On Friday, the Shiba Inu(SHIB) sellers breached the $0.000023 weekly support and the support trendline of the symmetrical triangle pattern. the follow-up retest phase should validate if sellers are ready to continue this downtrend, suggesting to reach the January bottom support at $0.00002 Despite a sloppy start in March, the ETH whales continue to accumulate
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Shiba Inu (SHIB) saw a brief consolidation between the $0.034 and $0.018-levels for over two months. The buyers are now building up tension at its three-week trendline resistance (white, dashed). Here, do note that for […]
SHIBA (Inu) price is expected to trade higher as SHIB consolidates near the critical support zone at $0.000023. SHIB is looking for a breakout inside the ‘Symmetrical’ triangle formation as the price approaches the inflection point. SHIB trades with modest losses on Weekends. SHIB consolidates inside the ‘Symmetrical’ triangle with reliable support at $0.000023. Expect
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The recent bullish momentum behind Bitcoin has been magnified for Shiba Inu, which has picked itself up from a support level and gained around 60% within a week, before facing selling pressure. At press time, […]
Shiba Inu had a larger market cap than Dogecoin a few weeks ago but that situation had changed as Shiba Inu saw intense selling. At the time of writing, the price held on to a support level but its grip appeared weak. Further downside appeared more likely than a bounce for SHIB. Based on the […]