SHIB Price Today Is Bullish on April 2nd

SHIB price analysis reveals a revived bullish trend in the market, and the market moves in a significantly positive direction, sharply raising the price of SHIB. However, the market has recovered from its plunge in the last few hours, reclaiming the majority of its lost value. As a result, the price of SHIB dropped dramatically, reaching $0.00002488 from $0.00002788 on March 31, 2022. But SHIB Price USD continued to rise the next day.

Today, April 2, 2022, the price has been experiencing tremendous ups, causing the price of SHIB to rise to $0.00002710. Furthermore, the cryptocurrency has upside potential and is trending upward. Shiba Inu is now trading at $0.00002710, up 6.02% in the last 24 hours, with a trading volume of $1,134,210,901, ranking #15 with a live market capital of $14,911,118,598.

SHIB/USD 4-Hour Analysis

The market is in a positive trend, with market volatility remaining low. As a result, neither the resistance nor the support shift toward either extreme, the price will now follow the volatility to whichever extreme it chooses. For the time being, the price is becoming more stable.

In terms of volatile change. As a result, the upper limit of the Bollinger band is present at around $0.00002847, acting as the greatest resistance point for SHIB. The lower limit of the Bollinger band, on the other hand, is available at $0.00002500, which serves as the strongest support point for SHIB.

The SHIB/USD price appears to be passing over the Moving Average curve, signalling a bullish market. Also, the price appears to be moving upward, indicating a growing movement and a consistent value for the cryptocurrency.

According to the Shiba Inu price analysis, the Relative Strength Index (RSI) score is 56, putting SHIB/USD in the upper neutral range. The RSI score, on the other hand, shows a linear trend, indicating a stable market and equivalence of buying and selling activity.

SHIB Price Analysis For 1-day

SHIB price analysis has shown that the market is bullish. Additionally, the volatility of the market appears to follow an opening trend, making Shiba Inu’s price more subject to volatility variations. As a result, the upper limit of the Bollinger band is present at around $0.00002807, which serves as the most significant resistance for SHIB. The bottom limit of the Bollinger band, on the other hand, is $0.00002076, which serves as the strongest support for SHIB.

The SHIB/USD price appears to cross over the Moving Average curve, indicating a bullish movement. On the other hand, the price appears to be rising in response to more activity, indicating an expanding market. As a result, the price appears to be moving closer and maybe breaking through the barrier.

SHIB price research displays a Relative Strength Index (RSI) score of 60, showing that the cryptocurrency is stable. In addition, the RSI is in the high neutral range. As a result, an upward approach indicates an expanding market and represents buying activity over selling activity, causing the RSI score to rise.

Conclusion

The SHIB price analysis suggests that the market is in a bullish trend, with constant dynamics. As a result, the market provides ample opportunity to maintain the bullish trend. As a result, the bulls may be able to pull off a long-term regime that will be extremely favourable to the Shiba Inu cryptocurrency.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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