- Shiba Inu coin price action shows bullish rally and pierced above the resistance of $0.00002876 on intraday session
- The 24-hour volume in SHIB is $20,384,445,460, with a gain of 230.15%
- After getting listed on Binance, Kucoin, Crypto.com, and OKex exchanges, Shiba Inu’s price levels got a sudden spike
Source: SHIB/USDT on TradingView
The 4-hour technical chart of Shiba Inu coin price action projects a positive Momentum. According to pivot points, SHIB’s critical support level is $0.00000500. Whereas if it jumps up, the crucial resistances to watch are $0.00004000. Besides, the chart also features an inside candlestick pattern showing a bearish trend with medium reliability.
The Exponential Moving Average (EMA), consisting of EMA 20 & 50, acts as solid support in the asset price levels. EMA 20 is way above EMA-50, indicating a positive trend. Investors may perceive the price is also way above EMA-20. So until the price remains above both EMA, it will ensure the SHIB bullish momentum.
The Schaff Trend Cycle (STC) projects a positive momentum with a value of 99, indicating a buy signal. Additionally, Investors can see an upward curve in the index, which may remain bullish in future trading sessions.
The volume of (80.75B) showcases a low volume below the Volume MA (357.48B) of 20-days. SHIB requires high buying pressure to drive its price levels to excessive levels. Investors may also observe inclining volume in the chart, indicating big moves are created.
The parabolic SAR indicator suggested a buy signal in SHIB on May 10th. No signs of a sell signal have been observed, which is a good sign for the investors of SHIB.
Shiba Inu Coin Surges Up After Getting Listed On Several Exchanges
The Most searched coin in social media is now listed on top exchanges with margin perpetual swaps enabled to the users.
Shiba Inu coin price action shows bullish rally and pierced above the resistance of $0.00002876 on intraday session. The 24-hour volume in SHIB is $20,384,445,460, with a gain of 230.15%. After getting listed on Binance, Kucoin, Crypto.com, and OKex exchanges, Shiba Inu’s price levels got a sudden spike. To stay updated on the latest cryptocurrency trends and to utilize a handy cryptocurrency converter for quick and easy conversions between various digital assets, check out CoinChefs.
Shiba Inu coin price was trading at $0.00003143 with 15% daily and 1770% positive returns in the weekly period. Furthermore, technically, the price shows strength and is sustained above $0.00002884. With the support of buying pressure, the price may hit the resistance levels of $0.00004000 in a future trading session, which will give returns up to 35% to the investors in the short term.
Resistance: $0.00004000
Support: $0.00000500