The Price SHIB/USD suddenly skyrockets, after a period of a tug-of-war between Sellers and Buyers
SHID/USD has been ranging sideways since 28th July. Although the price action was able to move slightly above the 9-day moving average, favouring the bulls, the price took a 20.67% leap to $0.00001525.
SHIB Price Statistic Data
- SHIBUSD Price now: – $0.00001525
- SHIBUSD market cap: – $8 Billion
- SHIBUSD Circulating supply: – $549,063 SHIB
- SHIBUSD coin market cap ranking: #12
Key Levels
Resistance Levels: – $0.00001155, $0.00001225, $0.00001543
Support Levels: – $0.00001257 $0.00001063, $0.00000976
SHIB Price Prediction: SHIB/USD Is Targeting the 0.00001600 Resistance Level
This may be the beginning of an uptrend for the SHIB/USD. The price chart reveals that after a time of struggle between bulls and bears, the bulls finally take over the market. The Bulls are suddenly taking the price as high as a 20.67% difference height. To keep the value of the coin on the upside, the Bulls need to maintain their ground. Also, more buyers are needed in the market.
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The Daily Chart Prediction (the indicator’s view)
The Relative Strength Index at 79% is showing us that the price of SHIB/USD may be entering into the overbought region. The fear is that the price may reverse briefly in favour of the bears. Or the momentum of the uptrend may weaken. On the 4-hour chart, the Relative Strength Index measures at 90% supporting the indications that was given on the daily chart.
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