Shib rises by 34 %weekly, here is the next destination (Shiba Inu Price Analysis)

Shib rises by 34 %weekly, here is the next destination (Shiba Inu Price Analysis)

Shiba Inu has had a fantastic week so far and has had a double-digit price increase.

Important support levels: 0.000010 $

Important resistance level: 0.000014 $

After a successful outbreak over $ 0.000010, Shib quickly converted this level to the support and then recovered strongly. Only today did the price rose by 17 % and placed Shiba Inu among the most powerful cryptocurrencies. Buyers have full control over the price movement, but they quickly approach the key resistance at $ 0.000014.

Diagram of Tradingview

trading volume: The purchase volume was strong today. The last time that buyers were so aggressive was in October 2022.

rsi : The day-RSI is already in the overbought area with 86 points. This signals a strong upward trend, but the buyers have to be aware that the sellers could decide to enter into force most importantly.

macd : The daily MacD is bullish, with expanding sliding and histogram.

Diagram of Tradingview

bias

The tendency for Shib is bullish.

Short-term prediction for the Shib Prize

In this course, Shiba Inu soon seems to achieve the resistance at $ 0.000014. The last time the price approached this level was October 2022, and the bears refused.

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