Shiba Inu Breakout Eyes $0.00002631 Level After Rallying Over 19%
2024年9月28日 - 8:00AM
NEWSBTC
Shiba Inu is experiencing a notable price breakout, surging over
19% and positioning itself toward the critical resistance level of
$0.00002631. This significant rally indicates a shift in market
momentum, characterized by robust buying pressure and increased
trading volume. Technical indicators suggest that SHIB is
establishing a bullish trend, with key support levels solidifying
its upward trajectory. As Shiba Inu approaches this pivotal
resistance zone, we will navigate its recent 19% breakout and its
approach toward the critical resistance level of $0.00002631. By
examining the underlying technical indicators, market sentiment,
and key support levels, we will assess the strength of SHIB’s
upward trajectory and explore whether this rally can sustain its
upward trajectory in the face of market resistance. Bullish
Momentum Builds As Shiba Inu Targets Key Resistance On the 4-hour
chart, Shiba Inu trades above the SMA, showcasing strong bullish
momentum as it approaches the $0.00002045 resistance level. Solid
buying pressure combined with the formation of bullish candlesticks
indicates a robust upward trajectory, making a test of this level
highly likely. An analysis of the 4-hour Relative Strength Index
(RSI) indicates the potential for continued upward movement, with
the RSI surpassing the 90% threshold and showing no signs of a
near-term decline. This suggests that recent resilience is gaining
strength and the positive trend may persist. Related Reading: Shiba
Inu Jumps Nearly 6% In Latest Price Rebound, Rally Incoming? Also,
SHIB has successfully crossed above the 100-day Simple Moving
Average (SMA) on the daily chart, indicating a significant shift in
its price momentum. Holding its position above this indicator
demonstrates the asset’s resilience and reinforces its optimistic
sentiment. The upward movement is not merely a momentary spike, it
reflects strong buying interest and market confidence, suggesting
that SHIB is poised for further gains. On the daily chart, the RSI
is positioned at 81%, reflecting that Shiba Inu is approaching
overbought levels. While this shows robust buying pressure, it also
raises the possibility of a potential pullback if the current
upsurge weakens. Will SHIB Break Through The $0.00002631 Barrier?
It is important to note that the $0.00002045 level serves as a
critical junction for SHIB’s current surge. Should the meme coin
manage to maintain its upward momentum and break through this
barrier, it could pave the way for further gains toward the
$0.00002631 resistance level and beyond. Related Reading: Shiba Inu
Whale Action Hints At Explosive 7,000% Growth Nonetheless, failure
to break through the barrier could lead to a retracement to the
previous support level of $0.00001272. When this level is breached,
it may trigger deeper declines, potentially dropping toward
$0.00000847 and other lower ranges. With a market capitalization
exceeding $11 billion and a trading volume of over $1.3 billion,
SHIB was trading at approximately $0.00001951, reflecting a 19.6%
increase at the time of writing. Over the last 24 hours, its market
cap has risen by 19.6%, while trading volume experienced a 101.33%
increase. Featured image from Adobe Stock, chart from
Tradingview.com
SHIBA INU (COIN:SHIBUSD)
過去 株価チャート
から 9 2024 まで 10 2024
SHIBA INU (COIN:SHIBUSD)
過去 株価チャート
から 10 2023 まで 10 2024