SHIB Price: Strong Bullish Momentum, Tamadoge Publicizes Exchange Listing on OKX

The bulls are dominating SHIB market

SHIB Price Analysis – September 24

An increase in the buyers’ momentum may break up $0.000012, $0.000013 resistance levels and the resistance level of $0.000014 may be tested. In case the sellers defend the resistance level of $0.000012, SHIB price may reverse and penetrate $0.000011 downside, $0.000010 and $0.000009 may be reached.

Key levels:

Resistance levels: $0.000012, $0.000013, $0.000014

Support levels: $0.000011, $0.000010, $0.000009

SHIBUSD Long-term Trend:  Bullish

On the daily chart, SHIBUSD is on the bullish movement. SHIB was on a ranging mode since August 27. The sellers’ momentum became weak and could not break down the level. The buyers’ pressure could not push the price above the resistance level of $0.00013. This is what led to ranging of the price within $0.000013 and $0.000012 levels. On September 18, sellers broke down the $0.000012 level and the price tested $0.000010. Buyers opposed the bearish movement with the formation of bullish engulfing candles. It is currently increasing above the $0.000011 level.

SHIB is trading above the two EMAs as a sign of bullish movement. The fast Moving Average (9 periods EMA) is trying to cross the slow Moving Average (21 periods EMA) upside. An increase in the buyers’ momentum may break up $0.000012, $0.000013 resistance levels and the resistance level of $0.000014 may be tested. In case the sellers defend the resistance level of $0.000012, price may reverse and penetrate $0.000011 downside, $0.000010 and $0.000009 may be reached. However, the relative strength index period 14 is at 51 levels pointing upside to indicate buy signal.

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 SHIBUSD medium-term Trend: Bullish, Tamadoge Publicizes Exchange Listing on OKX

SHIBUSD is bullish in the 4-hour chart. After the consolidation of the coin for few days, buyers gained enough pressure which break up the $0.000011 former resistance level. The price is increasing towards the resistance level of $0.000012.

The Crypto is trading above the 21 periods EMA and 9 periods EMA. The two EMAs are separated from each other which indicates a bullish momentum in Shiba Inu market. The relative strength index period 14 is at 69 levels and the signal lines is exhibiting buy signal.

Stay tuned to the crypto news feed here at InsideBitcoins for more updates on Tamadoge’s first exchange listing as the Sept 27th listing date approaches. The OKX website has announced that TAMA withdrawals will be open at 13:00 UTC on the day of the listing.