Shib shoots up 20 %, is a new all -time high?

Shib shoots up 20 %, is a new all -time high?

key support level: 0.000032 $

Key resistance level: 0.000035 $

Yesterday Shib broke out through a descending triangle formation, as can be seen on the following chart. Initially, it was rejected with the resistance brand of $ 0.00003. After a light sweater, however, Shib managed to break it and quickly climb towards the all -time high at $ 0.000035.

This is about 10-12% from the current daily high at the time of the writing of these lines Münzgecko . If this resistance breaks, Shib reaches the pricing zone.

The bulls and bears are currently fighting under this considerable resistance. It is unclear whether Shib has the strength to go higher in this run. After the daily increase of 20 %, it is likely that Shiba Inu will experience a certain consolidation before a possible attempt is made to break through the ATH.

technical indicators

Commercial volume: The volume exploded when the resistance was broken at $ 0.00003. This shows that the bulls have taken control of the price campaign. The question is whether you can hold out in the next few days.

rsi: The RSI is located in the overbought area and reached almost the 80s in the 4-hour time frame. In the near future, cooling a pullback can be expected.

macd: The histogram is firmly placed on the bullish side on a lower time frame such as 4 hours. In the daily time frame, Shib has not yet crossed the positive side, which indicates that a sequel is required so that Shib becomes bullish in the long term.

bias

This last movement made the tendency to Bullish at short notice. However, a sequel is required to gain more confidence in the current bullish price campaign in the long term. A sharp rejection in the middle of the all-time resistance would shorten this green momentum and probably a quick movement to test the lower support around $ 0.000032 and $ 0.00003.

Short-term price forecast for Shib Prize

Although there are currently good reasons to be optimistic at Shib, a breakthrough of the all -time high would be necessary to confirm that Shib can hold its current profits and push up.

until this happens, it is best to be careful when the price floats quite close below the all-time high resistance, since each rejection can drop the price to $ 0.000032. Remember - a violent fast movement often ends in a violent movement in the other direction.

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