Weakness on SHIB’s Trend Reversal, TAMA is getting hotter and hotter.

SHIB is trying to reverse the current downward trend. However, this reverse test seems weak. This is reflected in the trading indicators and requires close scrutiny.

Shiba Inu Prediction Statistics Information:
Shiba Inu current price is: $0.00001072.
SHIB’s market cap: $5.94 billion
Shiba Inu Distribution Supply: 549.06 billion
Total supply of Shiba Inu: 589.74 trillion
SHIB’s Coinmarketcap Rank: #14

Main values:
Resistance: $0.00001072, $0.00001120, $0.00001175
Support: $0.000050, $0.00001020 $0.000010000

SHIB is trying to reverse trend, TAMA is trending.

Starting around the 12th of this month, SHIB/USD’s daily price action will continue to move downwards towards lower supports. Also, there were attempts by buyers to initiate a reversal, which ultimately failed. Looking at the daily chart, the price action seems to have reached strong support, which seems to have triggered some buy orders. As a result, this led to the formation of the last bullish candle. Moreover, the stochastic indicator curves are crossing each other in the oversold. At this time, this causes an increase. Therefore, traders can trap the upcoming trend by placing a pending purchase at around $0.00001110.

Price Analysis for Shiba Inu: Buyers are fighting hard in the SHIB/USD market.

The SHIB/USD four-hour chart shows a tussle between buyers and sellers. However, it seems that the rulers have managed to stay on top of this fight. Furthermore, this has led to a price increase. The last green candle on this chart managed to touch the Bollinger indicator MA, which agrees with the possibility of further price increases.

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RSI further shows the struggle between bears and bulls. This is reflected in the irregular movement of the lines when moving up. Although this market looks weak, since the RSI has now reached the overbought price, we can expect the price to go higher. Traders can expect to reach the price level of $0.00001140.

Tamadoge has also been featured on BiInCrypto, NewsBTC and social media influencers. The above Jacob Crypto Bury purchase of TamaDog equivalent to 55.8 ETH was recorded on EtherScan on Sunday.

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