![]() ![]() ![]() SHIB is making higher highs and higher lows, which is a sign that the bulls control the market. The bullish momentum is increasing as the trading volume has also increased over time. The bulls have pushed the price above the $0.00000900 resistance level and appear to be aiming for the $0.0000100 mark. The 4-hour chart for SHIB/USD shows a solid bullish trend. SHIB/USD hourly chart: SHIB likely to break above $0.0000100 if the current trend holds Currently, SHIB is trading above the upper band, so there is potential for further upside in the near term. The Bollinger band has been widening since yesterday, another sign that the market is bullish. The Moving Average Convergence Divergence (MACD) indicator shows a strong uptrend in the daily chart for SHIB and indicates that the momentum favors the bulls. ![]() The Relative Strength Index (RSI) also reflects a bullish market sentiment as it remains above 70 and climbing higher. The current resistance is at $0.0000100, so if SHIB can break through this level, we could see further gains in its value. The support level at $0.00000820 has been tested a few times recently, but the bulls have pushed the price back up, and it is likely to remain above this level for some time. The daily trading volume is $599.07 billion, having gained over 132% the previous day. The bulls have maintained market control, so SHIB has seen a significant surge in trading volume. The daily chart for Shiba Inu shows that the price has been on an uptrend since yesterday. Shiba Inu price analysis daily chart: Bulls dominate SHIB market as the trading volume increases The current level of support for SHIB is further reflected in the fact that more than $599.07 million worth of trades have been executed in the past 24 hours, showing strong bullish sentiment from traders. The rally has driven an increasing interest from traders actively trading SHIB to take advantage of the price increase. After a slow start this month, the token has returned to the $0.00000900 level again, and over the past 24 hours, Shiba Inu has gained more than 18 percent in market value. The Shiba Inu price analysis on 5th August highlights a significant buying frenzy as SHIB rallied towards the $0.0000100 mark. ![]()
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