After successfully recovering from the level of decisive local support, SHIBA Inu may be prepared to reflect a large price. The M -currency, which has decreased steadily over the past few months, has shown some of the upscale momentum, with a daily increase of 3 % and is currently being circulated. on $ 0.00001276.
When accurately examining the daily scheme, it can be seen that SHIB has succeeded in obtaining a decisive support area at $ 0.00001230, which was a reflection point. In light of the RSI, which increased to about 47.8 and heads up- is a possible indicator to increase the upscale momentum- the last bounce of this field may indicate the beginning of the short-term recovery to the average.
With its price less than 50 EMA, 100 EMA and 200 EMAS, SHIB is still technically under pressure. However, the price movement today indicates that the bulls regain some of their control, and that the ongoing step exceeds 0.00001382 – 26 EMA – the door may open to more upward trend. SHIB may set its next goals by about $ 0.00001617, and eventually the level of $ 0.00001800 is importantly important-if it is able to overcome this short-term resistance.
Related
There was a slight increase in buying interest according to size data, but it is still less than the previous collapses. To ensure that this bounce is more than just a short -term rest period, strong follow -up, with an increase in the size of the next sessions, is necessary. Although the macro trend is currently down, the current composition indicates that the local reflection is possible.
Related
SHIB may use this recovery as a starting point for a new difficulty, which can indicate a long -term gathering if the total market conditions remain unchanged or improved. The gray bulls should be monitored to respond to the origin of the resistance of 26 EMA. The market may be waiting for the outbreak of it.
