Author:
SHIB correction appears over. Will buyers return?
Key Support levels: $0.000020
Key Resistance levels: $0.000026
1. SHIB Finds Good Support
The price bounced several times on the $0.000020 key support level and buyers always came there to defend it. This has increased the confidence in the current price action which is giving early signals that SHIB wants to move higher.
2. Buyers are Returning
In the past three days, buyers have dominated. This allowed the price to move higher and push the momentum closer to the bullish side. Should this continue in the coming days, then SHIB has a good chance to challenge the key resistance at $0.000026 again.
3. Bullish Cross on MACD?
If this momentum continues for one or two more days, then the SHIB daily MACD will turn bullish. That may encourage buyers to return in numbers. If so, the price could quickly increase as volume picks up.
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