Analysis of Shiba Inu's Price
The Recovery of Shiba Inu
tickers down
0.00002697 €
faced resistance at $0.000030 on December 12, indicating that bears are selling during rallies.
The 20-day exponential moving average ($0.000028) is flattening, and the RSI is near the midpoint, suggesting a balance between supply and demand. The SHIB/USDT pair could remain in a range between the 50-day simple moving average ($0.000024) and strong resistance at $0.000033.
Buyers will gain an advantage if they manage to push the price above $0.000033. The pair could rise to $0.000039 and then to $0.000046. The advantage will tilt in favor of the bears if they manage to sink the pair below the 50-day simple moving average.#SHIB🔥🔥
