Will SHIBA Continue to Rise? Current SHIBA Analysis for Bitcoin Traders!

• SHIB experienced more than 5% increase today.
• SHIB whales continue to buy SHIB.
• For SHIB to continue its rise, it must close daily candle above the level of $0.00001137.

Medium-Term SHIB Price Analysis!

12 Hour SHIB Price Chart Source: TradingView

When we examine the SHIB price chart, the last 12-hour candle chart shows a 7% increase. SHIB investors started selling at the level of $0.00001155 and lowered the SHIB price to the level of $0.00001110. The SHIB price is trading at the level of $0.0001125 at the time of writing.

When we examine the SHIB price chart, it is seen that the most important resistance zone is the price zone of $0.00001137. If the SHIB price closes daily candle above this resistance zone, it can continue its rise up to the level of $0.000012.

When we examine the support zones that SHIB investors should follow, it is seen that the closest support zone is the level of $0.00001089. As long as the SHIB price stays above this price zone, it can continue its rise.