BlueCat2025
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Bullish
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Shiba Inu (SHIBUSDT) receives some support – Analysis – 01-05-2025 $SHIB
The price of Shiba Inu (SHIBUSDT) has advanced in its recent immediate trades, following its reliance on the simple moving average support for a period of 50 days, amidst a short-term corrective wave that is ascending. The recent price increase came after it succeeded in its previous trades in clearing the overbought condition that was evident in the relative strength indicators.
On this basis, our expectations indicate a rise in the price of the currency during the upcoming trades, as long as the support level of 0.00001256 remains stable, targeting the resistance level of 0.00001524.
Expected trend for the upcoming trades: Bullish
Shiba Inu (SHIBUSDT) receives some support – Analysis – 01-05-2025 $SHIB
The price of Shiba Inu (SHIBUSDT) has advanced in its recent immediate trades, following its reliance on the simple moving average support for a period of 50 days, amidst a short-term corrective wave that is ascending. The recent price increase came after it succeeded in its previous trades in clearing the overbought condition that was evident in the relative strength indicators.
On this basis, our expectations indicate a rise in the price of the currency during the upcoming trades, as long as the support level of 0.00001256 remains stable, targeting the resistance level of 0.00001524.
Expected trend for the upcoming trades: Bullish
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