Today, Shiba Inu price analysis shows a clear bullish trend as buyers pushed prices above the $0.00001138 level. SHIB bulls have established a strong foothold at this price point and are pushing for further gains.
The current support for SHIB is at the $0.00001102 level and the resistance is present at the $0.00001164 level, and if bulls are able to maintain their strength above the $0.00001138 level, the cryptocurrency could look at further gains in the near future. However, it’s important to be aware of any potential dips that could occur as the markets move swiftly, and investors should pay close attention to the overall market sentiment.
The buyer pressure is strong in the Shiba Inu market, and with bullish momentum continuing to build up throughout the day, it could be a very promising time for SHIB investors.
The trading volume has also been on the rise in recent days, currently at $326 million, which could help to further buoy the price of SHIB in the coming days and weeks, while the market cap of Shiba Inu is currently at $6.27 billion, making it one of the top cryptocurrencies in terms of market cap and trading volume.
The Shiba Inu price analysis has surged by more than 1.56% in the last 24 hours, according to CoinMarketCap. As the cryptocurrency continues to trade positively, it could be an ideal time for SHIB investors to invest in the coin and benefit from its rising prices.
Looking at the technical indicators, the Relative Strength Index (RSI) is currently resting at 70.95, indicating a strong bullish trend in the near future. Furthermore, the Moving Average Convergence Divergence (MACD) line is currently moving above the signal line and suggests that buyers have control over the market momentum. The 50-Day Moving Average (MA) is also currently above the 200-Day MA, indicating an overall uptrend in the market.
The 4-hour Shiba Inu price analysis shows the price function has been headed upwards from the last 24 hours, however, the bearish was felt in the past days and pushed the price down to the $0.00001138 level. Currently, SHIB bulls have taken control of the market and are pushing prices higher as they look to establish a strong foothold above the resistance levels.
The 4-hour moving average indicator is currently at 0.00001136, indicating a strong bullish trend in the near future. Furthermore, the MACD line is currently trading above the signal line and suggests that buyers have control over the market momentum. The relative strength index (RSI) is in the overbought territory, at 60.37, indicating a strong bullish pressure in the near future.
Overall, the Shiba Inu price analysis suggests that bulls are in control of the market and will continue to push prices higher as they look to establish a strong foothold above the resistance levels. However, investors should remain vigilant and watch for any potential dips in the market.
