SHIBA price surges 45%, advances toward $0.000035 next

Feb 26, 2022

Today’s price action reveals the possibility of a move to $0.000035 as it recovered from the lows of $0.000020.

SHIB smashed down to a crucial support level after news of Russia attacking Ukraine spread.

SHIBA Inu jumps nearly 3%  Bulls mulling over a possible push above the 50-day EMA in pursuit of a 45% upside rally. Uncertainty and Volatility are set to rule the price action in short term.

SHIB could face an upside hurdle at the 50-day EMA at $0.000027. A decisive close above this level makes the journey easy for bulls to capture the horizontal resistance line at $0.000035.

SHIB trades near crucial level

RSI: The Daily Relative Strenght Index (RSI) holds near 40 below the average line still pointing at the weakness.

Technical Indicators:

MACD: The Moving Average Convergence (MACD) hovers below the midline with a neutral bias.

Technical Indicators: