Currently, Shiba Inu Crypto (USD: SHIB) is trading above its 50 and 200-Day simple moving averages (SMAs). The current RSI value is 91.55 points. The 14 SMA is above the midline at 68.90 points, indicating a bullish trend for Shiba Inu Crypto. The MACD line at 0.00000235 and the signal line at 0.00000100 are above the zero line.
There is a bullish crossover on the MACD indicator, which indicates strength in the price momentum of the SHIB cryptocurrency.
Stochastic RSI is in overbought levels. The %D and %K lines are crossing each other in a positive direction indicating bullishness. Shiba Inu Cryptocurrency Weekly Statistics Shiba Inu Crypto’s weekly chart shows buyers dominating. The cryptocurrency is in an uptrend as it jumped above the main EMA.
Technical indicators also support the bullish sentiment as the RSI is close to the positive zone of 85 and MACD has formed a bullish crossover with the green band. These signals indicate that the cryptocurrency could face even greater upward momentum in the coming weeks.
Summary
The technical oscillator for Shiba Inu cryptocurrency (SHIB) is indicating a bullish trend. The Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and Exponential Moving Average (EMA) are all showing positive signals, signaling that the price of SHIB may continue to rise. Daily charts reflect optimism.
Technical Levels
Support Levels: $0.00001194
Resistance Levels: $0.00002500
