Token forms a strong red candle near 200 EMA.
The pair of SHIB/USDT is trading at the price level of $0.00001034 with a decrease of -3.35% in the past 24 hours.
SHIBA Inu token has broken above the long term trend line and is currently facing resistance at the 200 EMA on the daily time frame. Shiba Inu is one of the market’s most popular meme currencies. The self-described “Dogecoin killer” has proven to be more than a joke coin. Many are attempting to interpret the coin’s potential for the months and years ahead as it draws more investors.
SHIBA Inu on the daily chart
Source: TradingView
SHIBA Inu has shown bullish momentum in recent days, breaking above the trend line and 50 EMA. According to the daily chart, SHIBA Inu token is currently trading at $0.00001034 with a -3.35% loss in the last 24 hours. It is trading between its 50 and 200 EMA moving averages. (Red line is 50 EMA and the blue line is 200 EMA). On the daily time frame, it is facing resistance at the 200 EMA.
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We współpracy z: https://www.thecoinrepublic.com/2023/01/17/shiba-inu-price-analysis-token-faces-strong-resistance-at-200-ema-whats-next/
