SHIB’suptrendremainsintactwhichputsbullsinchargeofthepriceaction.
KeySupportlevels:$0.000014
KeyResistancelevels:$0.000020
1.SHIBEyestheKeyResistance
BuyershavebeenslowlymovingSHIBhigherandhigherafterthesharppullbackinearlyOctober.Theydidnotyetreachthekeyresistanceat$0.000020,butthisistheircurrenttarget.Whilethepricewasrejectedtherelasttime,asecondattemptcouldbeinterpretedasbullish.
2.UptrendHoldingSteady
Thepricehasbeenmakinghigherlowssincemid-Septemberandformedaclearuptrend.Aslongasthisholds,buyershavetheupperhand.Anotherpushandthepricecanquicklyreachthekeyresistanceat$0.000020next.
3.DailyRSIisBullish
ThedailytimeframeRSIhasbeeninabeautifuluptrendsinceAugust.InlateSeptember,whenitreachedoverboughtlevelsatover80points,sellerspushedSHIBintoacorrectivemove.Sincethen,theRSIhasheldsteadyabove50points,puttingitonthebullishside.Thissupportshigherpricelevelsinthefuture.
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