CandleFocus

Shiba Inu Rises Back Above $0.00001800 And Resumes Its Rise

Author: Content Editor
The price of Shiba Inu (SHIB) has resumed its upward trend after pulling back and finding support above the moving average lines. Buyers were unable to sustain bullish momentum above $0.00002200, but the altcoin is preparing for an upside push and could retest or break through resistance at $0.0002200. If successful, SHIB could reach a high at $0.00003600. However, if it loses support at the 21-day SMA, it could fall to the 50-day SMA or the low at $0.00001700. Overall, SHIB is in an uptrend, although its price change has been modest due to the presence of doji candlesticks. The moving average lines are trending upwards, consistent with the ongoing uptrend. Key resistance levels are $0.00001200, $0.00001300, and $0.00001400, while key support levels are $0.00000600, $0.00000550, and $0.00000450. On the 4-hour chart, SHIB is correcting upwards after falling below the $0.00002200 resistance zone and remains above the moving average lines. This analysis and forecast are the personal opinions of the author and should not be seen as a recommendation to buy or sell cryptocurrency. Readers should conduct their own research before making investment decisions.

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