Shiba

Shiba Inu

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Shiba Inu (SHIB) just performed one of the strongest moves on the market with a price comeback above $0.000028, which was believed to be a strong psychological threshold for the <a href="https://bitcoinworld.co.in/shiba-inus-latest-price-projections-heres-the-move-you-should-make/">asset</a>.&nbsp; 
However, <a href="https://coinstats.app/coins/shiba-inu/">SHIB</a> is currently not facing any kind of technical resistance and should be safe at least before hitting the psychological resistance of $0.00003.&nbsp; 
<figure id="attachment_73318" aria-describedby="caption-attachment-73318" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-73318 " src="https://bitcoinworld.co.in/wp-content/uploads/SHIB-Price-Chart-8-483x300.png" alt="" width="626" height="389" srcset="https://bitcoinworld.co.in/wp-content/uploads/SHIB-Price-Chart-8-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/SHIB-Price-Chart-8.png 760w" sizes="(max-width: 626px) 100vw, 626px">
 <figcaption id="caption-attachment-73318" class="wp-caption-text">
 SHIB Price Chart | Source: Coinstats
 </figcaption>
</figure> 
&nbsp; 
This recent surge is a blessing for SHIB holders and traders considering the performance token has been showing in the last few days.&nbsp; 
As for any price action so far, it would appear that it is mostly just a result of increasing buys. This is a positive cue as seen by the SHIB breakout after the consolidation.&nbsp; 
The moving averages also provide us with some insights. SHIB has managed to move above the 50-day moving average, suggesting some intensity to the upside price.&nbsp; 
The next major one to watch will be the 200-day moving average, in orange, well below the price and, at this point, an addition to bullish sentiment.&nbsp; 
The other thing to notice is the volume, of course: it surges in accordance with the price, showing a descending tendency.&nbsp; 
Volume is a very critical factor because it acts as validation for the strength of the price’s move. Looking further ahead, the next obstacle is at $0.00003. The level is important as, aside from being psychological, it is the roundest.&nbsp; 
If SHIB can hold at that level that follows the hurdle, it could mean the path to even larger gains in the future.&nbsp; 
RSI is approaching the “overbought” threshold, meaning that prices will soon receive short-term selling pressure.&nbsp; 
In the long run, however, if SHIB manages to stay in this trend with very strong buying volumes, there is a really good chance of further upside action. 
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
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Shiba Inu (SHIB) Makes Crucial Price Comeback: Details

ItsBitcoinWorld

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