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HomeAnalysisShiba Inu price analysis: SHIB bullish for the next 24 hours

Shiba Inu price analysis: SHIB bullish for the next 24 hours

In the Shiba Inu price analysis, the market is showing almost bullish movement, and the market is heading for a significant upward trend, raising the price of SHIB. However, the cost of the SHIB has since skyrocketed, rising from $ 0.00000828 to $ 0.00001175. On June 21, 2022, the SHIB / USD gained more momentum, and the next day it gained more momentum.

Today, June 22, 2022, prices are experiencing a strong upward trend, with SHIB prices above $ 0.000001050. In addition, cryptocurrencies show an upward potential and are on an upward trend. SHIB is currently trading at $ 0.00001011, up 4.44% in the last 24 hours and trading volume at $ 1,891,384,572. SHIB is currently ranked 14th with a live market capitalization of $ 5,564,653,755.

SHIB / USD 4-hour analysis: Recent trends

Shiba Inu’s price analysis revealed that the market is following a bullish trend. However, market volatility increases, forcing resistance and support away from each other and making cryptocurrency prices vulnerable to volatility fluctuations. Therefore, the upper limit of the Bollinger band is $ 0.00001104, which acts as SHIB’s strongest resistance point. Conversely, the lower limit of the Bollinger band is available for $ 0.00000678, which serves as SHIB’s strongest support point.

The price of SHIB / USD seems to be above the moving average curve and the market is bullish. Therefore, the market is showing immeasurable reversal opportunities and is probably in favor of bulls. As a result, prices are expected to shift upwards beyond the resistance band and breakouts in the market.

SHIB / USD 4-hour price chart Source: TradingView

According to the Shiba Inu price analysis, the Relative Strength Index (RSI) score is 59 and SHIB / USD is classified as a top neutral zone. However, the RSI has been on a downtrend, demonstrating a favorable market and sales advantage.

Price analysis of Shiba Inu for one day

Shiba Inu price analysis revealed a bearish market. In addition, market volatility appears to be on a downtrend, and Shiba Inu prices are less vulnerable to volatility fluctuations. As a result, the upper limit of the Bollinger band is $ 0.00001190, which acts as SHIB’s strongest resistance. Conversely, the lower limit of the Bollinger band is $ 0.00000702, which serves as SHIB’s strongest support.

The SHIB / USD price appears to be above the moving average curve, indicating a bullish move. As a result, prices are on the rise and the market seems to be constantly rising. Finally, the price tries to break the resistance band. This can cause a market reversal.

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SHIB / USD Daily Price Chart Source: TradingView

Shiba Inu’s price analysis reveals 49 Relative Strength Index (RSI) scores, meaning a stable cryptocurrency. In addition, the RSI is classified as a Neutral Zone. Therefore, following a downward approach indicates a decline in characteristics and an advantage in sales activities.

Shiba Inu Price Analysis Conclusion

Shiba Inu price analysis reveals that the market has entered a complete bullish move, showing room for a Shiba Inu reversal. In addition, bulls are starting to dominate the market and have the potential to maintain it. As a result, the market provides a great deal of room to increase activity, stabilize SHIB and gain more value. However, the market is expected to collapse, so it can be inferred that bears will soon take care of the market.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com is not responsible for any investment made based on the information contained on this page.Independent research and / or consultation with qualified professionals is highly recommended before making an investment decision...

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