SHIB Price: Low Bullish Momentum, TAMA to Pump Furiously ByAzeez MustaphaPRO INVESTOR Updated: 31 August 2022 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Join Our Telegram channel to stay up to date on breaking news coverage The bears are dominating SHIB market SHIBUSD Price Analysis – August 31 Further increase in the sellers’ momentum may break down $0.000012, $0.000011 support levels and the support level of $0.000010 may be tested. In case the buyers defend the support level of $0.000012, SHIB may reverse and penetrate $0.000013 upside, $0.000014 and $0.000015 may be reached. Key levels: Resistance levels: $0.000013, $0.000014, $0.000015 Support levels: $0.000012, $0.000011, $0.000010 SHIBUSD Long-term Trend: Bearish On the daily chart, SHIBUSD is on the bearish movement. Last week, the strong bullish momentum that pushed the price to the resistance level of $0.000017 could not penetrate the mentioned level upside. Sellers interrupted the increase and a strong daily bearish candle formed which made the coin decrease to $0.000012 support level on August 24. Sellers gained more pressure and break down the just mentioned level to test the $0.000011 level. The fast Moving Average (9 periods EMA) remains below the slow Moving Average (21 periods EMA) and the price is trading below the two EMAs as a sign of bearish movement. Further increase in the sellers’ momentum may break down $0.000012, $0.000011 support levels and the support level of $0.000010 may be tested. In case the buyers defend the support level of $0.000012, price may reverse and penetrate $0.000013 upside, $0.000014 and $0.000015 may be reached. However, the relative strength index period 14 is at 47 levels pointing down to indicate sell signal. Buy SHIB Now Your capital is at risk SHIBUSD medium-term Trend: Bearish, TAMA to Pump Furiously SHIBUSD is bearish in the 4-hour chart. The coin decline from the resistance level of $0.000017 to the support level of $0.000012. It consolidates for few days before sellers gained enough pressure which break down the $0.000012. The price decreases and tested the support level of $0.000011 The currency is trading below the 21 periods EMA and 9 periods EMA and the two EMAs are close to each other which indicates a low momentum in Shiba Inu market. The relative strength index period 14 is at 46 levels and the signal lines is exhibiting sell signal. Tamadoge (TAMA) is the gateway token of the Tamaverse – where you’ll be able to mint, breed and battle your own Tamadoge pet in the metaverse. Related How to Buy Tamadoge Visit Tamadoge Website Join Our Telegram channel to stay up to date on breaking news coverage
