• SHIB’s breakout has turned into a significant rally that continues to gather momentum.
• Buyers continue to dominate with no sight of sellers and the first important resistance is found at $0.00000106.
• The MACD shows that the bullish momentum has been intensifying, making higher highs since late July.
SHIB’s Rally Continues
SHIB’s breakout has turned into a significant rally that continues to gather momentum, with buyers dominating the market without any sight of sellers. Key support levels are located at $0.0000094, while key resistance levels are located at $0.00000106 and $0.0000012 respectively. The MACD shows that the bullish momentum has been intensifying, making higher highs since late July. Overall bias for SHIB is currently bullish and investors should keep an eye on the resistance at $0.00000106 for potential selling pressure before aiming for $0.0000012 as next target price level.
Buyer Domination
The breakout point at $0.0000094 has become support and buyers have not looked back ever since they passed this level, suggesting that they still have control of the market situation despite having reached new highs recently in terms of price action.
Rally Intensifies
The first important resistance point is found at $0.00000106, which could potentially hinder further progress if sellers begin appearing here in large numbers or if prices fail to break past this level altogether due to buyers running out of steam or simply being unable to break through it due to other factors such as stronger seller presence elsewhere in the market overall (such as other altcoins). However, if enough buying pressure remains present then SHIB can reach its next target price level of $0.0000012 with relative ease given its current positive trajectory and strong support from buyers so far..
Momentum Picks Up
The Moving Average Convergence Divergence (MACD) indicates that the bullish momentum took no break during this week but actually intensified instead; this can be seen by observing how the histogram made consistent higher highs starting from late July until now, suggesting that there is still some fuel left in this rally even after such a long time running already throughout August 2020 up till now..
Special Offers
Binance offers users exclusive access to earn free USD 100 plus 10% off fees on Binance Futures when registering via their link while PrimeXBT provides those who register through their link an opportunity to enter CRYPTOPOTATO competition with additional rewards up for grabs alongside it too!