Shiba-Inu (SHIBUSD) Price Forecast: April 17
SHIBUSD price is now at a possible buy opportunity. The coin will most likely continue its bullish run and the coin price could still go higher if the bulls are able to further break up the $0.0000159 level, then we can expect a good upside momentum up to the $0.0000200 supply value.
Resistance Levels: $0.000014, $0.000015, $0.000016
Support Levels: $0.000011, $0.000010, $0.000009
SHIB (USD) Long-term Trend: Bullish (Daily Chart)
The SHIBUSD pair displays a high momentum bullish rally in its long-term outlook. The chart shows that the coin now trades and faces the upper resistance channel. This is another opportunity to buy Shiba Inu and a turnaround for the buy investors.
In the previous actions the coin has been having high interference from buyers which really made it easier for the cryptocurrency to maintain stable upside moves in its recent high.
Just like usual the crypto’s price is going up as we can see from the daily chart. Buyers made a strong push up to the $0.0000112 high mark above the two EMAs; this confirms a bullish strong breakout and a buy continuation.
Further, continuation to the upsides is likely as the price indicator projects an upward move. This implies that the bullish trend will most probably continue and the pattern might hit the $0.0000200 resistance trend line soon as well as a potential buy signal in its long-term view.
SHIB (USD) Medium-term Trend: Bullish (4H Chart)
The currency pair continues in an upward move in its medium-term perspective. The coin price is undeniably seen trading above the moving averages. So, let’s sit back and watch the bulls take us higher.
The coin made it to a high at the $0.0000113 high mark during the previous session and sustained it. This made it capable for the coin to remain on the upside in its recent high.
The market price of Shiba-Inu which increased to a $0.0000112 high level suggests an improved bullish market sentiment. Thus, closing the 4-hourly session above $0.0000117 will put the trade more on the buy side.
Meanwhile, buyers are seen clustered around the market as indicated by the momentum indicator pointing upwards, the means that buyers will still be in control of the SHIBUSD price, and this bullish rally could lead the price to the $0.0000200 resistance level soon in its medium-term view.
Buy Shiba-Inu on eToro