Main support levels: $ 0.000023
Major resistance levels: $ 0.000028
When the news that SHIB was published in Robin Hood came out, SHIB made a huge surge. Despite a 35% surge, cryptocurrencies quickly returned under a major resistance of $ 0.000028 and were unable to translate this news into a sustained rally. Support for $ 0.000023 will continue after March.
Technical indicators
Volume: The volume increased explosively due to the news last Tuesday, but it couldn’t be sustained. The initial hype has faded and prices are now back to normal levels.
RSI: The daily RSI continues to move around the median of 50. This shows a flat trend with little direction, despite the buyer’s keen attempt to raise the turf.
MACD: In the news about Robin Hood, the daily MACD made a bullish cross, but this seems to have been a misleading signal as the moving averages are about to turn bearish again.
bias
The SHIB bias is neutral.
Short-term forecast of SHIB price
Even if the SHIB is listed on Robin Hood, sustainable demand does not yet exist and holders need to prepare for more sideways pricing behavior. The current trend is neutral and SHIB prices can go in either direction from here.
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Cryptocurrency chart According to TradingView.
