Technical Analysis of Shiba Inu with next week price prediction, support & resistance levels: đđ„đŻđŻ
Shiba Inu (SHIB) is currently in a bullish trend, but it is facing some resistance at the $0.0000091 level. If SHIB can break through this resistance level, it could then target $0.00001. However, if SHIB fails to break through this resistance level, it could fall back to $0.00000865.
Some key technical indicators that support this bullish outlook include:
Moving averages: SHIB is currently above its 20, 50, 100, and 200-day moving averages, which is a bullish signal.
Relative Strength Index (RSI): The RSI is currently at 60, which is in the healthy range.
Bollinger Bands: SHIB is currently trading within its Bollinger Bands, which is another bullish signal.
Support and Resistance Levels
The key support levels for SHIB are at $0.0000077 and $0.00000694. The key resistance levels for SHIB are at $0.0000091 and $0.00001.
Price Prediction of Next Week
Based on the technical analysis, SHIB could trade between $0.00000865 and $0.000009997 next week. If SHIB can break through the $0.0000091 resistance level, it could then target $0.00001. However, if SHIB fails to break through this resistance level, it could fall back to $0.00000865.
Conclusion
Overall, the technical analysis of SHIB suggests that it is in a bullish trend, but it is facing some resistance at the $0.0000091 level. Investors should watch this level closely and make their trading decisions accordingly.
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