- 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.
Summary
- 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.
CTA
- 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.
Tags: CryptocurrencynewsShiba Inu
