Shiba Inu Continues The Upward Trend Above $0.00001300
By: bitcoin ethereum news|2025/05/03 19:45:01
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The price of Shiba Inu (SHIB) has retreated and regained support above the moving average lines, continuing its uptrend. SHIB price long-term prediction: bullish According to Coinidol.com, buyers pushed the altcoin above the moving average line on April 22, resulting in a high of $0.00001520. For the third time, buyers failed to sustain the positive momentum above the $0.00001500 mark. The high of $0.00001700 will be reached if the current barrier is breached. SHIB is trading below the $0.00001500 resistance level but above the moving average lines. Selling pressure has continued today towards the moving average lines. If it falls back below the moving average lines, SHIB is at risk of a decline. The altcoin will fall to $0.00001150, its previous low. Today, the price of the altcoin stands at $0.00001324. SHIB price indicator analysis The price of SHIB has fallen sharply above the moving average lines. The altcoin is trading in the bullish trend zone as the price bars remain above the moving average lines. A long candlestick wick pointed above resistance at $0.00001500 on April 26. The extended candlestick wick indicates strong selling pressure at the recent high. Technical indicators Key Resistance levels: $0.00002800, $0.00002900, $0.00003000 Key Support levels: $0.00002200, $0.00002000, $0.00001900 What is the next move for Shiba Inu? SHIB started to rise when it was above the moving average lines. The altcoin’s uptrend will continue if it stays above the moving average lines. However, the altcoin is trading sideways but below the moving average lines on the 4-hour chart. The altcoin ended the negative trend with a sideways gain above the support of $0.00001300 and the high of $0.00001500. The altcoin will develop a trend if the rangebound levels are breached. Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds. Source: https://coinidol.com/shiba-inu-upward-trend/
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