• Shiba Inu is in a clear uptrend, with key support levels at $0.0000080 and key resistance levels at $0.0000094.
• Buyers continue to dominate the chart, pushing the price higher every week.
• Momentum indicators show higher highs, indicating a bullish bias for SHIB.
Shiba Inu Price Analysis
Shiba Inu is in a clear uptrend, with key support levels at $0.0000080 and key resistance levels at $0.0000094.
Clear Higher Highs
The price has been making higher highs since late June, and SHIB has not stopped since. This puts the price in a clear uptrend which could take SHIB to the key resistance at $0.0000094.
Sustained Buy Volume
Despite regular pullbacks, buyers continue to dominate the chart. This is also represented in the price that has slowly moved higher every week.
Bullish Momentum
The momentum is clearly positive on the MACD and RSI indicators, as they both show higher highs.
Bias
The bias for SHIB is bullish .