Shiba Inu (SHIB) rose from $ 0.000012 with a strong response to the region and re -target the threshold of $ 0.000014 in the short term. In the rise, the 50 -day exponential moving average (EMA) was significantly defended. The price is traded on a narrow band between 50 EMA support and 100 EMA resistance, and the appearance indicates a possible jam that resembles a symmetrical triangular formation.
Signal of jams at Shiba Inu
Technical appearance is common before the increase in volatility symmetrical triangle formation shows that a similar structure is formed. If the structure is preserved and the acceleration increases, the next major move will be possible. The level of $ 0.000014, which has repeatedly limited the rise in recent weeks, is again critical threshold. 100 EMA is the instant obstacle located just below $ 0.0000135. The placement of the price on this place can give short -term advantage to buyers.
There is a significant increase in the short -term transaction volume. The volume increases that are simultaneous with the upward mobility in the final trading sessions indicate that the participation of the buyer at these levels is strengthened. If this trend is maintained, the ground can be prepared for a new trial around $ 0.000014.
Risks, timing and levels to be followed
For the confirmation of the upward scenario Shib‘s $ 0.0000135, which is located just below the 100 EMA needs to make a definite candle closure. Then, exceeding the level of $ 0.000014 can carry $ 0.000015 and over the agenda. The main criterion to be followed in the short term is the pricing accelerating towards $ 0.000014 with the over 100 EMA. Whether this movement takes place in short -term trading sessions will be followed carefully.
In the event of losing 50 EMA support of around $ 0.000012 in the lower direction, re -testing the $ 0.0000118–0,0000115 band can open the door to additional weakening. For this reason, it will be rational to stay cautious as long as support and resistors work and not to position without confirming.
Cryptoappsy According to data, Shiba Inu is traded at $ 0.00001301 with a decrease of 4.04 percent in the last 24 hours.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
