SHIB Rebalances at $0.000008314 as Bulls Recharge Their Momentum

• SHIB price analysis has been predominantly bullish today, with the token rising from a low of $0.000008274 to a high of 0.000008314 mark.
• It is possible for the Shiba Inu price to test the next resistance at the $0.000008338 level.
• SHIB/USD now seems to be entering a range after the correction.

The Shiba Inu price analysis is going bullish for today as it reveals that the price has been following an upward movement today, as the bulls have constantly been striving for the lead. Bulls have finally dodged the ongoing bearish trend as the coin was on the decline previously. Still, bulls succeeded in taking control after the steep correction observed earlier today, and the price has increased up to the $0.000008314 level as a result of the continuous efforts. Further increase in price is to be expected in the approaching hours as well.

The 24-hour SHIB chart shows that the price has been following an increasing trend for today. Although the trend was in favor of bears previously, now the circumstances have changed, and the overall trends have been in favor of the buyers. A significant increase in SHIB/USD value has been recorded in the last few hours, as well as the price has gained a massive 0.21% surge in value during the same time interval.

The price is currently trading at a resistance level of $0.000008338, and if the bulls can keep up their momentum, then the price might brea ...

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