Shiba Inu (SHIB) Buyers Still Maintain a Solid Grip
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Market Analysis: Shiba Inu Buyers Are Fanning the Flame
Shiba Inu (SHIB) buyers still maintain a solid grip. The price of Shiba Inu has been changing a lot depending on the demand and supply of the market. Buyers and sellers are the two main forces that affect the price movement. Buyers want the price to go up, while sellers want the price to go down.
Shiba Inu (SHIB) Key Levels
Resistance Levels: $0.00000100, $0.00000960
Support Levels: $0.00000800, $0.00000660
Lately, SHIB buyers have been more active and powerful than sellers. They have brought back the bullish sentiment, which means that they are optimistic and confident. They are ready to expand the market and make the price reach higher levels. One of the levels that they are aiming for is the $0.00000960 market zone. This is a significant level where the price may face some resistance or difficulty crossing. Resistance is a level where sellers tend to sell more and buyers tend to buy less, which makes the price go down.
A few weeks ago, buyers were not as strong and decisive as they are now. They hesitated to push the price further and could not break the $0.00000960 level. Sellers took this opportunity and drove the price down to $0.00000800. This is another significant level where the price may find some support or help to bounce back.
Market Expectation
However, buyers have not given up and have responded this week with more determination and focus. They have resumed the bullish trend, which means that they are making the price go up again. They have been winning the race against sellers since October. They have shown their effort by breaking several key levels above $0.00000600. This is a very low level where the price started to rise. Shiba Inu will look promising if buyers can keep up with their determination and break the $0.00000960 level.
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