Shiba

Rally

April

when

Shiba Inu

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
A possible boost for <a href="https://u.today/144-trillion-shiba-inu-in-24-hours-is-shib-waking-up-again" rel="noopener noreferrer nofollow">Shiba Inu’s</a> price could happen around April 17, according to what we see on the charts. Around that time, the 50-day Exponential Moving Average (EMA) might meet up with the current price of SHIB. If this happens, it could mean good news for SHIB’s price, giving it a price zone to rely on when moving upwards.
Moving averages act as local support levels for prices; they usually represent dynamic support levels and provide thresholds where investors buy or average down their positions. For SHIB, this coming together with the 50 EMA is important. It could make traders feel more secure, thinking that the price might not go lower than this particular point. Because of this, more people might want to buy <a href="https://u.today/6924-billion-shiba-inu-shib-leave-major-exchange-but-destination-is-unknown" rel="noopener noreferrer nofollow">SHIB</a>, hoping for a rebound. <img alt="SHIBUSDT" data-entity-type="file" data-entity-uuid="c6191d96-f387-4f1a-9245-0c4c8f6af9c2" src="https://u.today/sites/default/files/inline-images/image_668.png"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">SHIB/USDT Chart by TradingView</a>
Looking at the chart, SHIB is now trading around $0.000027. It is close to the 50 EMA. Recently, SHIB has experienced a consolidation after a short-term correction.
If SHIB’s price can stay over this 50 EMA as it climbs, it will show the presence of bullish tendencies on the market. We are keeping an eye on the price of $0.00002987 — <a href="https://u.today/shiba-inu-shib-to-reach-000003-if-this-pattern-plays-out" rel="noopener noreferrer nofollow">SHIB</a> has had trouble getting past this before. If it can break past this point, the next target could be $0.00003200.
If SHIB can really use this EMA line as support, we could see it start to grow. This support might help the price jump up faster.
Unfortunately, there is no distinctive way to tell whether or not SHIB will bounce after meeting the 50 EMA. However, staying cautious could be the key here, as SHIB is notorious for its volatility and sudden price drops.

Shiba Inu (SHIB) to Rally on April 17? One Big Reason

U_Today

Inne artykuły opublikowane 9 kwi 2024

Richard Teng: Binance Prioritizes Compliance with Supercharged Team

Here’s what Cardano needs for a move above $1

Metaco and BCB Group Forge Strategic Crypto Custody Alliance

Shiba Inu Down More Than 3% Within 24 hours

Google Sues Two for Crypto Scam Apps on Play Store, Tech Giant Aims to Set Legal Precedent

Fidelity to Charge for ETF Trades Without Sponsor Support

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!