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What are the current resistance levels for SHIB in the cryptocurrency market?

avatarRadhika NarangDec 28, 2021 · 3 years ago3 answers

I would like to know the current resistance levels for SHIB in the cryptocurrency market. Can you provide some insights on the price levels at which SHIB is facing significant selling pressure?

What are the current resistance levels for SHIB in the cryptocurrency market?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    The current resistance levels for SHIB in the cryptocurrency market are around $0.000008 to $0.000009. These price levels have historically acted as barriers preventing SHIB from moving higher. Traders and investors closely watch these levels as they indicate potential selling pressure and can impact the short-term price movement of SHIB.
  • avatarDec 28, 2021 · 3 years ago
    Resistance levels for SHIB in the cryptocurrency market refer to the price levels at which there is a significant amount of selling activity. These levels are determined by market participants and can change over time. Currently, SHIB is facing resistance around $0.000008 to $0.000009. If SHIB manages to break through these levels, it could indicate a bullish sentiment and potentially lead to further price appreciation.
  • avatarDec 28, 2021 · 3 years ago
    According to our analysis at BYDFi, the current resistance levels for SHIB in the cryptocurrency market are around $0.000008 to $0.000009. These levels have been tested multiple times in the past and have proven to be strong barriers for SHIB's price movement. If SHIB manages to break above these levels, it could signal a bullish trend and attract more buying interest.