• Shiba Inu had a double-digit price increase this week and is one of the top-performing cryptocurrencies.
• Key levels of support and resistance are $0.000010 and $0.000014, respectively.
• The buying volume today was strong, and the daily RSI is already in the overbought territory.
Shiba Inu has had a remarkable week, with an impressive double-digit price increase and a strong position among the top-performing cryptocurrencies. The rally began when buyers were able to break past the key level of support at $0.000010. After achieving this break out, buyers quickly turned this level into support and then began to rally hard. Today alone, the price has increased by 17%, showing the strength and determination of SHIB buyers.
As the rally continues, buyers are quickly approaching the key resistance level of $0.000014. If buyers are able to break past this level, it could signal another strong rally. However, the daily RSI is already in the overbought territory at 86 points, indicating that the bulls may be running out of steam.
The buying volume today has been extremely strong, with the last time buyers being so aggressive being back in October 2022. This indicates that the buying pressure is still very high and could continue to drive the price up.
Overall, it has been an impressive week for Shiba Inu, with buyers showing no signs of slowing down. If buyers are able to break past the resistance at $0.000014, another strong rally could be on the horizon. However, the RSI being in the overbought territory indicates that the bulls may be reaching their limits. Despite this, the buying volume remains incredibly high and could continue to drive the price up.
Categories: Allgemein