What’s Next for the Technical Outlook on the Shiba Inu Side? SHIB Analysis

In parallel with the rise in Bitcoin and altcoins recently, the price of Shiba Inu (SHIB) has increased by more than 50%.

In a recent WhaleStats post on Twitter, the fact that Ethereum whales are currently holding a total of $163,682,816 worth of Shiba Inu in their wallets reflects roughly 10% in the price.

However, the price could not exceed the $0.00001682 level, which is one of the important 4h+day resistance levels, with its upward movement in the first quarter of August.

However, 4h+day as a strong resistance level [ 0.00001682 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.

On the other hand, the price is DEMA in 4 hours. [150 ve 200] moves below the moving averages.

As another technical data, the discrepancy on the RSI side is seen and it continues its upward movement from the oversold zone.

The $0.000001524 level can be followed by staying above the 4h+day support, which is the $0.00001281 and $0.00001319 level. Otherwise, a pullback to lower support levels may occur.

Support Levels: 0.00001281 0.00001319 0.00001197 0.00001035

Resistance Levels: 0.00001524 0.00001682 0.00001804

*Not investment advice.

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