Shiba- Inu (SHIBUSD) Price Forecast: March 21
The SHIBUSD pair is positive and also ready for another pump ahead as it is on its way to new resistance trend levels. The coin is possibly making its way up after hitting the $0.00001065 low level to signal a pump. Thus, a strong push from the current price at the $0.00001103 supply value above the supply trend levels will put the crypto in a bullish trend and this may further extend to the $0.00002000 resistance level resulting in intraday gains for the buy traders.
Key Levels:
Resistance Levels: $0.00001400, $0.00001500, $0.00001600
Support Levels: $0.000011, $0.000010, $0.000009
SHIB (USD) Long-term Trend: Bullish (Daily Chart)
Shiba -Inu remains bullish on the higher time frames. This is clear as we can see the prices trading above the two EMAs. The high order flow from the bulls at the $0.00001123 high value in the past few days has also added to this bullishness in its recent high.
As the daily session begins today, the price of SHIBUSD encounters resistance at a $0.00001103 high level, which is just above the EMA-9. This indicates an upward trend given the market’s strength and demonstrates that buyers continue to control most price movements at the moment.
The current bullish rebound will continue until the coin price sustains much above the supply trend line of the pattern.
More gains are anticipated in the meanwhile as the price signal is pointing upward, indicating that the upward advance will continue and may possibly hit the $0.00002000 high mark in the days ahead in its higher time frame.
SHIB (USD) Medium-term Trend: Bullish (4H)
The SHIBUSD pair is having a bullish posture in its medium-term view. The trend has just resumed its rising pattern but has not yet reached its goal.
Activities from the bulls to the $0.00001140 resistance value in the previous activities have sustained the crypto’s bullishness in recent times.
The aggressive move by the bulls pushed the Shiba-Inu price up to the $0.00001095 resistance value above the EMA-50 as the 4-hourly chart opens today. This suggests that buyers are having the market price at their disposal at the moment and may likely remain in the same direction.
Hence, we have a bullish bias that the coin price will pump ahead as indicated by the daily signal which is pointing in an upward direction.
Currently, the crypto is making a correction, if the buying pressure should increase, there may be a potential rise in the coin price and this may possibly retest the previous high at the $0.00001400 supply level which might further extend the coin price to the $0.00002000 high trend levels in the coming days in its medium-term outlook.
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