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SHIB/USD soon set to break above $0.0003176

TL analysis; DR

  • Shiba Inu price analysis today is bullish.
  • Strong resistance is at $0.0003176.
  • SHIB is trading at $0.00002574.

The price of a contemporary Shiba Inu is currently $0.0079, representing a strong increase from $0.0044 in January 2019. Today’s price analysis shows a strong bullish trend in the market and the market. The market is moving towards a positive conclusion, raising the value of SHIB fundamentally. As a result, the cost of SHIB is expected to continue to increase throughout the day.

The strong resistance at $0.0003176 means the market is peaking so make sure to sell your SHIB today if you are looking to make a profit! However, if you believe the trend will continue, keep your SHIB and enjoy the ride.

The strong resistance at $0.0003176 means the market is peaking so make sure to sell your SHIB today if you are looking to make a profit! However, if you believe the trend will continue, then keep your SHIB and enjoy the ride.

SHIB/USD 4-Hour Analysis: Recent Developments

The SHIB/USD pair is currently in a strong uptrend, as seen from the price action on the 4-hour chart. The market has been supported by the uptrend line and is currently approaching the resistance at $0.0003176. A break above this level can lead the market to reach its next target of $0.000354.

On the downside, support is found at the uptrend line and $0.000025 level. The RSI is currently in the overbought zone, so a decline back to the support levels could be seen soon.

Shiba Inu Price Analysis: SHIB/USD set to break above $0.0003176 soon 1
Source of 4-hour SHIB/USD price chart: TradingView

For the past few days, the market has been in a strong uptrend and SHIB is trading above the critical support at $0.0002460.

There is significant resistance at $0.00003176, but if the SHIB can break through it, it can reach a high of $0.0003500 or even $0.0003700.

The RSI is showing strong bullish momentum and the MACD is moving in a positive direction, so the current trend looks good.

Overall, the market looks bullish and SHIB is expected to continue to increase in value throughout the day. Be sure to keep an eye on this exciting cryptocurrency.

Shiba Inu Price Analysis for 1 Day: Market Closed

The market closed bullish for the day, with the SHIB hitting a high of $0.00002768. The market has been supported by a strong bullish trend line and is currently approaching the resistance at $0.0003176. A break above this level can lead the market to reach its next target of $0.000354.

Shiba Inu Price Analysis: SHIB/USD sets to break above $0.0003176 soon 2
Source of 1-day SHIB/USD price chart: TradingView

According to Shiba Inu price analysis, the Relative Strength Index (RSI) score is 51, indicating a stable cryptocurrency. Furthermore, the RSI is in the upper neutral range. Following a downtrend indicates a depreciation and indicates sales outpacing selling activity, resulting in a lower RSI score.

Conclusion of Shiba Inu Price Analysis

The Shiba Inu price analysis shows that the market is in an uptrend and suggests a potential downside. The bulls are currently dominating the market, with a reversal unlikely. However, the market has significant potential for change, implying a bearish future.

Disclaimer statement. The information provided is not trading advice. Cryptopolitan.com is not liable for any investments made based on the information provided on this site. We strongly recommend that you do independent research and/or consult a qualified professional before making any investment decisions..

https://www.cryptopolitan.com/shiba-inu-price-analysis-2022-03-03/ SHIB/USD soon set to break above $0.0003176

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