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.
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.
RSI: The Daily Relative Strenght Index (RSI) holds near 40 below the average line still pointing at the weakness (review).
MACD: The Moving Average Convergence (MACD) hovers below the midline with a neutral bias.