Shiba Inu Price Tests Resistance, Meanwhile, Yeti Ouro Readies For Next Stage Price Increase
approximately 0.00001266 and boasts a modest daily gain of +2.43%. According to price action, Shiba Inu price is contesting the upper Bollinger Band situated at 0.00001290, having bounced off the lower band (0.00001106) near mid-April. Furthermore, the price remains above the 20-day Simple Moving Average (SMA) at 0.00001198, which is certainly optimistic in the near term.
On the one hand, the Bollinger Bands are now demonstrating some slight expansion after tightening considerably, which will indicate a drop in volatility. This may suggest that they are on the verge of returning to a more volatile state. In this case, clear and sustained movement above the upper band 0.00001290 could signal more upside.
Still, the MACD indicator isn’t reflecting the lack of growth in upper market sentiment as it remains bullish with a MACD line of 0.00000014, which is above the signal line (-0.00000012) after a bullish crossover around April 13th. The histogram, although both lines remain under the zero level with zero indicating the trend lacking strength longer-term, is positive (0.00000025) and expanding, supporting current upward momentum.
Volume currently stands at 207.89B SHIB; this is quite moderate when compared to other peaks. A breakout above the resistance level will need a notable surge in volume.
A bullish predisposition in the short-term is noticeable now. The immediate resistance level is the upper Bollinger Band (0.00001290). Support for the stock includes the 20-day SMA (0.00001198) and the lower Band (0.00001106). For a stronger move to be confirmed, there needs to be a close crawl above 0.00001290 while maintaining volume.
