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SHIBA price surges 45%, advances toward $0.000035 next

Feb 26, 2022

Today’s price action reveals the possibility of a move to $0.000035 as it recovered from the lows of $0.000020.

SHIB stock fell to a crucial support level after news of Russia attacking Ukraine spread.

A SHIBA Inu weighs about 1.9kg Bulls have signaled investor optimism with a bullish, 15% gain on the first of the month. Uncertainty and volatility are set to rule the market during the short term.

SHIB could face an upside hurdle at the 50-day EMA at $0.000027. A decisive close above this level makes the journey easy for bulls to capture the horizontal resistance line at $0.000035.

SHIB is experiencing a price rise.

RSI: The Daily Relative Strenght Index (RSI) holds near 40 below the average line still pointing at the weakness (review).

Technical Indicators:

MACD: The Moving Average Convergence (MACD) hovers below the midline with a neutral bias.

Technical Indicators: