Shiba-Inu (SHIBUSD) Price Forecast: April 20
Shiba-Inu price will keep rising based on the outlook. The cryptocurrency at the moment is currently recovering and facing the upper channel. Thus, if the coin closes above a $0.0000159 high mark, the accelerated buying pressure may increase the coin price to hit the $0.0000200 upper resistance level, resulting in an intraday gain and a potential buy signal for the coin holders.
Key Levels:
Resistance Levels: $0.0000140, $0.0000150, $0.0000160
Support Levels: $0.0000110, $0.0000100, $0.0000090
SHIB (USD) Long-term Trend: Bullish (Daily Chart)
SHIBUSD turns positive today, as can be seen from the chart below. The coin price now trades in the upper channel of the market and confirms a bullish race. This is due to the high impact of the buy investors in the coin market.
The coin has been having a series of moves by the bulls which has made it capable for the price to remain firm in an uptrend in its recent high.
Today’s daily bullish candle at the $0.0000115 supply value above the moving averages confirms the bulls’ dominance in the market.
However, there are bullish signals above the level of $0.0000112 which indicates a possible further increase in the market value.
Further, the Shiba-Inu price indicates an upward momentum on the daily signal, this indicates that the pair will continue to increase to the upsides and this may get to the $0.0000200 upper resistance trend mark soon in its long-term outlook.
SHIB (USD) Medium-term Trend: Bullish (4H Chart)
Despite the moves by the short traders, the SHIBUSD price remains in an uptrend in its medium-term outlook. The price currently trades above the two EMAs, which has confirmed its bullishness.
The coin has been having a series of higher highs and higher lows which has made it capable for the price to remain stronger in an upward trend in its recent high.
Earlier today, the coin buyers caused a rise in the price of Shiba-Inu to a high at the $0.0000115 level above the moving averages. This current trend will enable the price to remain on the upside and rise or break out to the upside. This however creates a strong area of interest for buyers.
Hence, with the price pointing upwards on the daily stochastic, this means that further upside is certain. It is therefore expected that the buy investors will move the price action up and may likely hit the $0.0000200 upper resistance level soon in its medium-term outlook.
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