Shiba Inu (SHIBUSD) Price Forecast: June 27
SHIBUSD‘s price may possibly break up the $0.0000159 supply level soon if the buy traders should increase their tension in the market. A decisive break below $0.004355 would bring more losses to the coin. However, a daily candlestick above the mentioned supply level would invalidate any bearish theory. Therefore, if buyers can put more effort into their tension in the market, a shift in the trend upward will be achieved.
Key Levels:
Resistance Levels: $0.00001400, $0.00001500, $0.00001600
Support Levels: $0.000010, $0.000009, $0.000008
SHIB (USD) Long-term Trend: Bullish (Daily Chart)
Shiba-Inu price is in a bullish market on the higher time frame at the moment. This is clear as we can see the prices trading above the EMA-9. Thus, the trend has just resumed its rising pattern but has not yet reached its goal.
The bullish pressure at the $0.00000815 supply level in the past few days has made the coin stay above the supply trend levels in its recent high.
Despite the interactions from the short traders, the bulls caused a rise to a $0.00000804 high level above the EMA-9 as the daily chart resumes today. The price is fetching some fresh buying interest as the sellers seemed exhausted.
Therefore, a bullish breakout of $0.00001590 resistance is needed to obtain a recovery opportunity for Shiba Inu holders.
Adding to this, a further rise in the market price of SHIBUSD is possible, as the selling pressure has ended. The coin market is now pointing up on the daily stochastic. This means that the coin price might possibly continue with its upward trend and may likely break up the $0.00001590 supply level soon in its higher-term time frame.
SHIB (USD) Medium-term Trend: Bullish (4H)
The SHIBUSD pair is having a bullish posture in its medium-term view. The price bar can be seen above the EMA-50.
Activities from the bulls to the $0.00000802 resistance value in the previous activities have sustained the crypto’s bullishness in recent times.
After completing the low dips, the coin price rises to a $0.00000790 high level above the EMA-50 as the 4-hourly chart begins today. This is due to a high bullish impact on the market price.
There is a higher probability of the price breaking up its resistance level of $0.00000890 and going up much further.
Hence, Shiba-Inu is showing more upside possibilities as shown by the daily stochastic pointing up in the oversold region of the market; we can certainly expect more gains and strength from the coin. The pair may likely reach the $0.00001590 resistance level in the days ahead in its medium-term time frame.
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