Shiba Inu price enters bullish journey to $0.0000283
Shiba Inu’s price has entered a bullish journey to $0.0000283, which is a 22% increase from $0.0000190.
The Shiba Inu has broken out of a wedge. The Shiba Inu has moved down the chart from $0.00002766 and has found support at $0.00002595. It is currently trading at $0.0000279 with resistance at $0.00002935, the 200-day moving average. It seems the Shiba will keep falling down to $0.00002593 and $0.00002585.
Japan’s most expensive dog is now worth about $0.00282 per gram. Shiba Inu is a breed whose name means “silver hair”. Shiba Inu is a medium-sized dog with large ears and a black coat of short hair. Shiba Inu is known for being energetic and playful.
Shiba Inu price to enjoy gains
The Shiba Inu has gained as it enters its bullish journey to $0.0000283. With this, it will be seeking to overcome any possible downside. It is moving from a bearish to a bullish trend, which is a bullish sign.
Shiba Inu’s price found support around $0.0000227 as it rallied 75% between February 3 and 7. It has seen a further 25% recovery since then. The bullish run, which began with a $0.0000163 price, has been led by a $0.0000285 rally.
A continuation of this bullishness will see SHIB retest the $0.0000283 resistance barrier
The chart still has a chance to retest the former support zone in this market, but the resistance zone is still intact. A continued bullish rally will see SHIB retest the $0.0000283 resistance barrier, which has been tested many times in previous months.
In the past week, the SHIB is closing in on its fourth consecutive weekly drop below the $0.0000283 resistance bar.
A bearish price action that started from Shiba Inu price (0.003789) is entering a bullish journey to $0.0000283, The price is now retracing from this swing low. It is currently testing the 38.2% Fibonacci retracement level of the bullish swing which is marked by the blue and red support lines.
The dog is back. Shiba Inu’s price has broken through the $0.0000020 resistance line and is back on track for more gains.
The Shiba Inu price, which is currently above its 50-day moving average at approximately $0.0000263, has entered a bullish trend.
This has created an opportunity for investors to take advantage of the opportunity to purchase the Shiba Inu cryptocurrency with a price of $0.0000283.