According to the technical analysis, SHIB prices show a bullish reversal from the $0.000011 mark that may shortly overcome the supply zone at the $0.000013 mark. The post-retest reversal in the SHIB prices failed after facing opposition at the $0.000014 resistance level resulting in a bearish turnaround. The correction face breaks below the 50-day SMA before taking support at the $0.000011 support level to reclaim the bullish trend. So, should you consider entering the reversal rally? Key Points: The SHIB price action retests the broken $0.000013 supply zone in the daily chart. The RSI slope shows a reversal ready to cross above the halfway line. With a market cap of $6.95 billion, the intraday trading volume of Shiba Inu has increased by 13% to reach $397 million. Source – Tradingview SHIB Technical Analysis The SHIB prices maintain a lower high formation in the daily chart resulting in the fall out of the 50-day SMA. However, the recent bullish reversal retests the broken SMA and supply zone at the $0.000013 mark. Moreover, the increasing trading volumes supporting the bullish engulfing candle of 5.67% yesterday increase the possibility of a prolonged uptrend. Nonetheless, the sideline buyers must wait for the price action confirmation by a daily candle closing above the supply zone before taking a bullish trade. If coin prices sustain the breakdown of the $0.0000125 support zone, the post-retest fall may tumble by 20% to re...
XRP Price Prediction For 24 November
