Shiba Inu’s price has seen a lot of market activity in the past three trading sessions. Today, the prices look to be continuing the same market activity.
After closing the August 13 trading session with a price loss of less than a percentage point, Shiba Inu opened the August 14 session aggressively bullish. At one point, the prices had surged by more than 40 percent. However, in the late hours of the trading sessions, the price started to come down, which saw the crypto closing the markets with only a 33 percent price gain.
However, the late hour’s bearish trend did not stop on the 14th. In yesterday’s trading session, despite opening strongly and going up by 5 percent at one point, the Shiba Inu price reversed its trend. By the end of the session, the prices had fallen by 9 percent.
Today, the prices have failed to continue with the strong push to the downside. Instead, the day has been aggressively bullish, with prices going up by 7 percent in the early hours of the trading session before dropping to the current prices, which is about a 3 percent price gain.
Following the past three trading session’s price action, it is clear that Shiba Inu’s price will continue to go up despite expected price corrections. Therefore. My price prediction expects prices to continue rising with a possible trade of above the $0.000018 price level.
There is a high likelihood that we may see prices surging again, which will see Shiba Inu trade above the $0.000020 price level. However, if the price fall below $0.00014 price level, my bullish analysis will be invalidated.
This post was last modified on Aug 16, 2022, 16:21 BST 16:21