Shiba Inu (SHIB) price for this weekend

The SHIB fix appears. Will buyers return?

Key support levels: $0.000020

Key resistance levels: $0.000026

1. SHIB finds good support

The price bounced several times to the key support level of $0.000020 and buyers always came to defend it. This has increased confidence in the current price action, which is giving early signs that SHIB is looking to move higher.

Tradingview chart 2. Buyers return

In the last three days, buyers have dominated. This allowed the price to move higher and move the momentum closer to the bullish side. If this continues in the coming days, SHIB has a good chance to re-challenge the key resistance at $0.000026.

Chart by Tradingview 3. Bullish cross on the MACD?

If this momentum continues for another day or two, SHIB’s daily MACD will turn bullish. This can encourage shoppers to come back in droves. If so, the price could rise quickly as volume increases.

Chart by Tradingview

For more updates on the ecosystem, be sure to check out our Shibarium News.

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