Bullish Pressure Captures SHIB Market After a Strong Buying Spree
- The Shiba Inu token shows a positive market trend after a massive buying-off.
- Bulls gain control as the SHIB market faces rejection at the $0.00001331 level.
- The Shiba Inu price analysis shows a bullish trend at the $0.00001317 mark.
According to the most recent Shiba Inu price analysis, the SHIB market has been subject to a large buying-off. This resulted in the bulls taking control of the market and pushing the SHIB up to $0.00001317, with an increase of over +1% in the last 24 hours. Moreover, the buying pressure is expected to continue pushing the SHIB token even higher in the coming days.
However, despite this bullish trend in the market, the SHIB token still faces resistance at the $0.00001331 level, which is the next key level for the SHIB if bull pressure is to be maintained.
The support level for the SHIB token is at $0.00001301, and if it fails to hold, this could spell trouble for the bulls.
The past few hours had observed a continuous bearish streak in the SHIB market, but the buying spree has reversed that trend and brought bullish pressure back into the market. This is a strong indication of Shiba Inu’s potential to grow in value as invest…
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