SHIB is up 15% in the last 24 hours, with the current price of $0.000012

Shiba Inu breaks above $0.000012. It looks like the bulls are back in action. The predicted price level may still increase by 0.000013.

SHIB is working again

Shiba Inu price analysis for May 30, 2022, offers a bullish note for the token with a high chance of breaking the $0.000013 price zone.

This meme coin is up 15% in the last 24 hours, with a current price of $0.000012, Market Cap: $6,767,793,661, 24-Hour Volume: $537,492,486.

It is also important to note that the possibility that the meme coin holds above the $0.000010 price support is also very high. The meme has significant resistance outside of the $0.000013 price zone, and it looks like the bulls will have to deal with sellers in that zone.

Data from CoinMarketCap shows that SHIB’s trading volume has dropped by 40.30% in the past 24 hours, while the token’s market capitalization has increased by 1.52% in the same period. Furthermore, the Volume / Market Cap Ratio stands at 0.03784, while the token’s Market Dominance sits at 0.49%.

From the data of the daily candle, Shiba Inu opened at $0.00001150 and hit a daily high of $0.00001248. Furthermore, the daily low for the token is $0.00001129. The price of 1 SHIB at the time of writing is $0.00001221.

The Shiba Inu price action has broken above the middle of the Bollinger Bands, and there are plenty of upside opportunities still under control.

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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