Shiba Inu (SHIBUSD) Price Still Trades in an Uptrend
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Shiba Inu (SHIBUSD) Price Forecast: February 1
The SHIBUSD pair still trades in an uptrend despite the moves from the short traders. The coin may likely increase further if the bulls could push the coin price higher and the market price sustains above the $0.00001794 supply mark, the potential bullish rally could surge above the $0. 00001800 higher level to hit the $0.00002000 upper resistance value.
Key Levels:
Resistance Levels: $0.00001200, $0.00001300, $0.00001400
Support Levels: $0.000011, $0.000010, $0.000009
SHIB (USD) Long-term Trend: Bullish (Daily Chart)
Shiba Inu is in a bullish trend market in its long-term view. The coin price showed evidence of bullishness and a surge above the moving averages, this is an indication of growth in bullish momentum.
It seems that the bulls are about to take over and push us higher. There are multiple possible targets at this point, but either way, the pair looks quite bullish here.
The coin has been having a series of higher highs and higher lows in the previous action and has enabled the price to remain stable above the supply trend levels in its recent high.
The crypto’s at the $0.00001151 resistance level which later increases to a $0.00001199 high level above the moving averages shortly after the daily chart opens today indicates that bulls are more active in the market at the present.
However, the higher price injector attached to the retest candle at the $0.00001196 supply mark reflects a high impact on the bullish commitment.
Hence, with the daily stochastic pointing upwards, should the coin buyer hold or sustain the price of SHIBUSD above the $0.00001800 high mark and close a candle, closing above the mentioned resistance will signal a potential BUY. As a result, the price could pump or surge upsides as indicated by the price signal to hit the $0.000020 resistance value soon in its long-term outlook.
SHIB (USD) Medium-term Trend: Bullish (4H)
Upward pressure still dominates the SHIBUSD pair in the medium-term time frame. The coin price is trading above the moving averages which are glued together. Thus, the recent market structure has favored the bulls. 
Earlier today, the bulls made a smooth run to the $0.00001189 high mark after which the interruption from the short traders now dropped the coin price down to the $0.00001182 support level above the two EMAs. This shows that the buy traders are actually are the top of the market at the moment, traders are hereby advised to seize the opportunity and buy the coin now to have more gains ahead.
Likewise, if the buy traders should increase their price action, and the bullish momentum is sustained, the Shiba Inu price may likely pump up to a significant level of $0.000020 resistance value and beyond in the days ahead in its medium-term perspective.
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