The most important news on the SHIB side in recent weeks has been the entry of SHIB to the Binance Pay dashboard, with the news that Binance Pay’s scope of operation has been expanded.
Binance Pay Users of Shiba Inu can now earn cash back and rewards on SHIB spend. With this partnership, Payments on SHIB will be available to 650 Million users.
So, how can we interpret the technical data from a price point of view?
The price, which came to the level of $ 0.00001800 after the last voluminous upward movement, could not exceed the 4h+day resistance level.
However, this region, which appears to be a strong resistance level, is 4h+day. [ 0.00001690 dolar] At the same time, we can see it as the level that corresponds to the horizontal resistance that has been tested several times since February 7th.
In order to continue the uptrend, the break of the $0.00001682 and $0.00001804 region, which is both the horizontal resistance level and the regional resistance level, will be important.
However, the price lost its momentum and retreated to the level of $0.00001169 with the decrease. When we look at their past movements, we can see once again that the momentum of the sellers is decreasing.
On the other hand, the price is DEMA in 4 hours. [150 ve 200] It is moving below the moving averages, but it continues to move closer to the oversold zone formed by the RSI and Stoch RSI as another data technical data.
As the buyers persist above the $0.00001169 4h support like the past price action, the $0.000001271 level and then the $0.000001339 can be followed.
Otherwise, candle closes below $0.00001169 and a pullback to lower support levels at $0.00001029 may occur.
Support Levels: 0.00001169 0.00001029
Resistance Levels: 0.00001271 0.00001339 0.00001485
*Not investment advice.
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