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TL; DR Breakdown
- Shiba Inu price analysis is bullish today.
- Strong support at $0.00002422.
- SHIB’s trading price is $0.00002738.
SHIBA INU price analysis shows an ongoing bull run in the market, and the market is moving in a significantly positive direction, driving the SHIB price up considerably. However, the market has been swinging in recent hours, thankfully recovering much of the lost value. As a result, the value of SHIB shot up to $0.00002830 from $0.00002631; March 29, 2022; however, the next day, SHIB/USD continued its uptrend.
Today, March 30, 2022, the price saw massive ups and downs, causing the price of SHIB to drop to $0.000024751. Furthermore, the cryptocurrency shows growth potential and follows an uptrend. SHIB is currently trading at $0.00002751; as a result, the Shiba Inu is down 0.81% over the previous 24 hours on a trading volume of $1,807,218,909 at 15 with an actual market cap of $15,071,520,323.
SHIB/USD 4-Hour Analysis: Latest Events
Shiba Inu price analysis showed that the market is following an uptrend as the market reduces volatility, forcing resistance and support to move towards each other; now the price will follow the volatility depending on which extreme you choose. At the moment, the price becomes less prone to volatile swings. Therefore, the upper limit of the Bollinger Band is at $0.00002911, which is the point of greatest resistance for SHIB. On the contrary, the lower bound of the Bollinger Band is available at $0.00002423, which is the strongest support point for SHIB.
SHIB/USD price appears to be crossing the moving average curve, which makes the market bullish. Furthermore, it seems that the price is going up, which indicates an upward movement, which indicates a stable value of the cryptocurrency.
Shiba Inu price analysis shows that the Relative Strength Index (RSI) is 58, which makes the SHIB/USD rate fall in the upper neutral area. However, the RSI follows a linear trend indicating a stable market and equivalence of buying and selling activity.
Shiba Inu 1-Day Price Analysis: Market Breakouts
Shiba Inu price analysis revealed a bull market. Additionally, market volatility appears to follow the opening trend, making the Shiba Inu price more vulnerable to fluctuations in volatility. As a result, the upper limit of the Bollinger Band is at $0.00002732, which serves as a support point for SHIB. Conversely, the lower bound of the Bollinger Band exists at $0.00002016, which serves as another foothold for SHIB.
SHIB/USD price crosses the moving average curve, indicating a bullish move. On the other hand, the price seems to be following the bullish activity, showing signs of a bull market. As a result, the price moves towards the resistance, surpassing it. A broken market indicates strong reversal potential.
Shiba Inu price analysis shows that the relative strength index (RSI) is 64, which means that the cryptocurrency is overvalued. Also, the RSI is in the upper neutral zone. Therefore, following a linear approach indicates a rising market and represents buying activity in excess of selling activity, causing the RSI to remain constant.
Shiba Inu Price Analysis Conclusion
Shiba Inu price analysis shows the market is following a bullish move, showing reversal momentum as the market breaks down. As a result, the market offers a lot of room for further negative movement. As a result, bears can enter the arena and dominate, which we’ll see in a few days.
