CandleFocus Shiba Inu Fluctuates In Anticipation Of A Higher Spike
2024-10-31
Author: Content Editor
The Shiba Inu (SHIB) price has recovered from a dip and has risen above the moving average lines. It is currently valued at $0.00001840 and is falling towards the moving average lines. The positive trend will continue if the altcoin retraces above the moving averages and it will test the resistance at $0.00002100. However, if the 21-day SMA support is broken, SHIB will fall back to the previous low of $0.00001500. The moving average lines are sloping north, indicating a rising trend, and a bullish crossover suggests that the cryptocurrency will continue to rise. Key resistance levels are $0.00001200, $0.00001300, and $0.00001400, while key support levels are $0.00000600, $0.00000550, and $0.00000450. The altcoin is oscillating above the moving average lines in anticipation of a further rise.
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