What are the current resistance levels for SHIB in the cryptocurrency market?
ridgxDec 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?
3 answers
- Dec 28, 2021 · 3 years agoThe 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.
- Dec 28, 2021 · 3 years agoResistance 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.
- Dec 28, 2021 · 3 years agoAccording 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.
Related Tags
Hot Questions
- 98
What are the advantages of using cryptocurrency for online transactions?
- 80
What is the future of blockchain technology?
- 79
Are there any special tax rules for crypto investors?
- 68
How can I minimize my tax liability when dealing with cryptocurrencies?
- 67
What are the tax implications of using cryptocurrency?
- 61
What are the best practices for reporting cryptocurrency on my taxes?
- 54
How does cryptocurrency affect my tax return?
- 50
What are the best digital currencies to invest in right now?