Shiba Inu is back in the spotlight with a massive rally. Key Support levels: %excerpt%.0000025 Key Resistance levels: %excerpt%.000037 1. Massive Rally in Progress SHIB’s buyers came in force in late February and took the price to levels not seen since 2022. Since then, SHIB’s price has increased by over 300%, which is an impressive achievement in such a short time — especially from a technical perspective. The current resistance is at %excerpt%.000037, and if buyers continue pushing at this rate, it’s likely to not last. Chart by TradingView2. Volume Explodes The buy volume reached levels similar to those of the last bull market. This is impressive and shows that this bull market is now in full swing and much earlier than expected. Buyers do not show any signs of exhaustion at the time of
Topics:
Duo Nine considers the following as important: Price Analysis, Shiba Inu (SHIB), SHIBBTC, SHIBUSD
This could be interesting, too:
Dimitar Dzhondzhorov writes Watch Out: Shiba Inu (SHIB) Team Issues a Major Warning to the Community
Dimitar Dzhondzhorov writes Shiba Inu (SHIB) Might Plunge by Another 30% Before Finding Support (Analyst)
Jordan Lyanchev writes Shiba Inu Price Forecasts: Another 50% Crash or 420% Rally Ahead for SHIB?
Dimitar Dzhondzhorov writes This Trader Made Over Million by Selling Shiba Inu (SHIB) Holdings: Details
Shiba Inu is back in the spotlight with a massive rally.
Key Support levels: $0.0000025
Key Resistance levels: $0.000037
1. Massive Rally in Progress
SHIB’s buyers came in force in late February and took the price to levels not seen since 2022. Since then, SHIB’s price has increased by over 300%, which is an impressive achievement in such a short time — especially from a technical perspective.
The current resistance is at $0.000037, and if buyers continue pushing at this rate, it’s likely to not last.
2. Volume Explodes
The buy volume reached levels similar to those of the last bull market. This is impressive and shows that this bull market is now in full swing and much earlier than expected. Buyers do not show any signs of exhaustion at the time of this post.
3. Weekly RSI Breaks Record
The speed of this rally took the market by surprise and the weekly RSI shows this very well. It’s now over 90 points, the highest level to date. This is both a signal of extreme bullishness, but also caution.
Bias
The bias for SHIB is bullish.
Short-Term Prediction for SHIB Price
Meme coins are back, and they appear to dominate the market right now. Shiba Inu seems likely to continue its rally as long as this lasts. Watch the key resistance at $0.000037. If that falls, expect SHIB to rush towards $0.000047 next.