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SHIBA INU is down 7.90% in the last 24 hours. The current CoinMarketCap ranking is 12, with a live market cap of $24,633,209,371 USD. It has a circulating supply of 549,051,256,442,351 SHIB coins and the max. supply is not available.
about 10 days ago in my previous analysis I mention some pull back and then after breaking out the higher trend line of the descending channel or as we can say today fallen wedge we may continuing the uptrend and in my opinion even pas the 0.0000 area very soon.
Two days ago Shib achieved the breakout and now currently retesting the support area of 0.000045-43 in order to build the new support,
yesterday after the news of Karkan we all have the felling that it will bounce the price to higher Boundary Quickly, but I have to tell you listing in famous exchange are nor always promising the Massive pump and some time get time to effect the price.
Analysis:
the buyers flooded into SHIB, and volume spiked, taking the price all the way to $0.000054 at the time of this post. This is a 35% price increase in the span of a day.
The key support can be found at $0.000044 and the next resistance at $0.000055. Considering the momentum behind SHIB, the price can quickly move past existing levels in its search for a new valuation.
Indicator:
Trading Volume: The volume exploded after the break above the wedge. Buyers were so keen to enter into SHIB that pullbacks were too shallow to offer any good entries for latecomers. This level of FOMO quickly moved the price up.
RSI: The 4-hour RSI quickly entered the overbought territory after the breakout. On a daily timeframe, there is plenty of room left for the RSI to go higher, indicating that this bull run might be far from over.
MACD: The MACD on the 12-hours chart completed a bullish cross, and on the daily chart, it is at most one day away from happening. This turns the bias bullish on SHIB. So long as the MACD stays positive, the future is looking bright.
Always trade base on your Knowledge and Decision .
Happy trading
Support with your Comment and Like if you fund this Analysis Helpful.
SHIBA INU is down 7.90% in the last 24 hours. The current CoinMarketCap ranking is 12, with a live market cap of $24,633,209,371 USD. It has a circulating supply of 549,051,256,442,351 SHIB coins and the max. supply is not available.
about 10 days ago in my previous analysis I mention some pull back and then after breaking out the higher trend line of the descending channel or as we can say today fallen wedge we may continuing the uptrend and in my opinion even pas the 0.0000 area very soon.
Two days ago Shib achieved the breakout and now currently retesting the support area of 0.000045-43 in order to build the new support,
yesterday after the news of Karkan we all have the felling that it will bounce the price to higher Boundary Quickly, but I have to tell you listing in famous exchange are nor always promising the Massive pump and some time get time to effect the price.
Analysis:
the buyers flooded into SHIB, and volume spiked, taking the price all the way to $0.000054 at the time of this post. This is a 35% price increase in the span of a day.
The key support can be found at $0.000044 and the next resistance at $0.000055. Considering the momentum behind SHIB, the price can quickly move past existing levels in its search for a new valuation.
Indicator:
Trading Volume: The volume exploded after the break above the wedge. Buyers were so keen to enter into SHIB that pullbacks were too shallow to offer any good entries for latecomers. This level of FOMO quickly moved the price up.
RSI: The 4-hour RSI quickly entered the overbought territory after the breakout. On a daily timeframe, there is plenty of room left for the RSI to go higher, indicating that this bull run might be far from over.
MACD: The MACD on the 12-hours chart completed a bullish cross, and on the daily chart, it is at most one day away from happening. This turns the bias bullish on SHIB. So long as the MACD stays positive, the future is looking bright.
Always trade base on your Knowledge and Decision .
Happy trading
