Shiba

Shiba Inu

Coin

<ul class="news-points"> 
 <li>SHIB’s bullish momentum could be validated if the price continues to close above the 9 and 20 EMAs.</li> 
 <li>A rejection at $0.00000988 on the daily timeframe could send the price to $0.0000088.</li> 
 <li>An increase in volatility and buying pressure might trigger a jump beyond $0.00001156.</li> 
</ul> 
<a href="https://coinedition.com/shiba-inu-shib-price-prediction/" target="_blank" rel="noreferrer noopener">Shiba Inu’s (SHIB) price</a> action since February 7 has shown that the token could soon be completely out of its bearish phase. Between January and February 6, SHIB’s trend was downward, as the price went from $0.00000934 to $0.00000890. 
However, a few days later, SHIB breached the $0.00000934 resistance, in preparation for the next leg up. This climb validated the bullish thesis and sent the price as high as $0.00000963. If there is a spike in selling pressure, SHIB might retrace to $0.00000915. 
<h2 class="wp-block-heading" id="h-shib-usd-4-hour-analysis">SHIB/USD 4-Hour Analysis</h2> 
But indications from the 4-hour chart showed that the cryptocurrency seemed prepared for another uptrend. The 9 EMA (blue) closed at $0.00000951 at press time. The 20 EMA (yellow), on the other hand, closed at $0.00000946. 
A position like this is considered bullish, and since <a href="https://coinedition.com/can-shiba-inu-make-another-set-of-millionaires-like-before/" target="_blank" rel="noreferrer noopener">SHIB’s price broke</a> abov…
The post <a href="https://coinedition.com/shiba-inu-shib-flips-resistance-next-stop-0-00001156/">Shiba Inu (SHIB) Flips Resistance: Next Stop $0.00001156?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Shiba Inu (SHIB) Flips Resistance: Next Stop $0.00001156?

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