Shiba Inu rose roughly 35% as the meme-coin gathered strength against the US dollar. On Thursday, the SHIB/USD pair is trading at the $0.0000069 level with a bullish bias, adding +4.33% until now. Forex trading market participants should look for a sell trade below the $0.00000677 level. On Thursday, the SHIB/USD pair is trading at the $0.0000069 level with a bullish bias, adding +4.33% until now. The day before, the SHIB/USD closed at $0.00000667 after placing a high of $0.00000815 and a low of $0.00000543. The SHIB/USD surged to its highest level since the 24th of August after dropping massively in the previous session. Is it a good time to buy cheap now? Let’s find out below… Get FREE Crypto Signals Now! Shiba Inu rose roughly 35% as the meme-coin gathered strength against the US dollar. Shiba Inu faced massive traffic from buyers after dropping to its multi-month low level on Tuesday. That’s because investors were trying to buy the dip. The buy-the-dip scenario added an accelerated push in SHIB/USD prices as investors entered the market under heavy pressure. Furthermore, some analysts suggested that major whales were buying both meme-currencies Dogecoin and Shiba Inu. Moreover, big-time investors collect a bulk of the available coins and then sell them later for a significant return on investment. Typically, they do it to book a profit and leave the market to crash. Shiba Inu petition for a Robinhood exchange Furthermore, Shiba Inu’s coin got mainstream attention again as the SHIB community’s petition to list the token on commission-free exchange Robinhood attained 181,091 signatures. The recent report from the exchange has disclosed that 62% of its crypto revenue was generated from Dogecoin in Q2. This prompted the SHIB community to get its token listed on the exchange, as there was great potential to offer double-digit gains to traders. This also added further gains in SHIB/USD on Wednesday, which was already high due to the buy-the-dip trend of the market. SHIB/USD 4-Hour Timeframe SHIB/USD Price Prediction – Daily Technical Levels Support Resistance 0.00000535 0.00000807 0.00000403 0.00000947 0.00000263 0.00001079 Pivot point: 0.00000675 Shiba Inu Price Prediction – Choppy Session in Play – Buy Cheap Now? Shiba Inu price prediction remains bearish below a strong resistance level of 0.00000710. On the 2 hour timeframe, the SHIBA/USD has completed 50% Fibonacci retracement at the $0.0000067 level. Below this, the next level of support is at the 61.8% Fibonacci retracement level of 0.00000645. On the bullish side, the $0.00000720 resistance level breakout could drive additional buying until the $0.00000756 and $0.00000772 levels. In contrast, the bearish breakout of $0.00000695 levels can extend sales to $0.00000679 and $0.00000656. On the technical front, the 50 period EMA (exponential moving average – red line) supports buying at around 0.00000677. The Stochastic RSI remains in the overbought zone, meaning the pair needs to retrace back before exhibiting a buying trend in SHIB/USD. Hence, the Forex trading market participants should look for a sell trade below the $0.00000677 level. The initial target remains at $0.0000064 and $0.00000600. Conversely, the $0.00000719 level breakout can trigger a buying trend until $0.00000751 and $0.00000810. All the best. Buy Cheap Now? You can buy it on eToro. It’s one of the trusted exchange platforms in the crypto space. eToro supports copy trading, which allows new traders to learn from market experts. eToro also charges low trading fees and commissions. Looking to buy or trade crypto now? Invest at eToro! Buy SHIBA INU Now Capital at risk Ali B. Ali B. Live webinar speaker and derivatives (Forex, Crypto, and Indices) analyst with a broad range of skills for evaluating financial data, investment trends, technical analysis, fundamental analysis, and the best ways to strategies investment selection. Expertise: Trading Psychology; Speculative Positioning & Market Sentiment; Technical & Fundamental Analysis. View All Post By Ali B. Crypto NewsDaily Look share Read Next Dogecoin Trades Sideways at $0.2560 (-0.44%) – Where to Buy Dogecoin? Ali B. 1 year Shiba Inu rose roughly 35% as the meme-coin gathered strength against the US dollar. On Thursday, the SHIB/USD pair is trading at the $0.0000069 level with a bullish bias, adding +4.33% until now. Forex trading market participants should look for a sell trade below the $0.00000677 level. On Thursday, the SHIB/USD pair is trading at the $0.0000069 level with a bullish bias, adding +4.33% until now. The day before, the SHIB/USD closed at $0.00000667 after placing a high of $0.00000815 and a low of $0.00000543. 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