Shiba Inu jumps nearly 18% as investors call for $0.000030

Shiba Inu price analysis for April 13, 2022, begins on a very bullish note for the Dogecoin Killer which has surged by more than 18% in the last 24 hours. The token broke all barriers and is currently ranked as the 15th biggest cryptocurrency in the crypto space. If similar sentiment continues, we might see SHIB break into the top 10 in the near future soon. Furthermore, as per our SHIB price analysis for April 12, 2022, the token has the nearest support at the $0.000022 price region which currently remains unbroken. 

The data from CoinMarketCap shows that the trading volume for SHIB has jumped 19.45% in the last 24 hours, while the market cap of the token has dropped by 7.07% in the same duration. Moreover, the Volume / Market Cap Ratio stands at a value of 0.06051, while the Market Dominance of the token dropped to 0.67%. 

The daily candle for Shiba Inu opened at a price of $0.00002695 and reached a daily high of $0.00002727. Moreover, the daily low for the token stands at a price of $0.00002594. The price of 1 SHIB at the time of writing is $0.00002697. 

Shiba Inu price analysis on the daily chart for April 13

Shiba Inu price analysis for April 13 will consider the readings from the indicators embedded in the daily chart below.

Source: TradingView

The MACD indicator shows that the MACD line and the signal are very close to each other as the chances of a bullish divergence seem quite high. 

Furthermore, the RSI indicator reads a value above 56 which confirms that bulls are currently in control of the price action for Shiba Inu. 

Moreover, the price action has broken into the bullish zone of the Bollinger Bands with one single bullish daily candle. This confirms that the demand for SHIB has surged.

Conclusion

Shiba Inu price analysis for April 13, 2022, ends on a bullish note for the token as investors aim to turn the $0.00003 price region in support.