您现在的位置是:Shiba Inu shows promising signs, but a key breakout must occur to go higher >>正文
Shiba Inu shows promising signs, but a key breakout must occur to go higher
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛54986人已围观
简介Shiba Inu’s token has been consolidating since May.The “meme” cryptocurrency has b...
Shiba Inu’s token has been consolidating since May.
The “meme” cryptocurrency has been regarded as a Dogecoin killer.
SHIB needs to break above key resistance to consider a bullish move attenable.
Shiba Inu SHIB/USD is a coin to watch as market sentiment remains weak. Notably, the coin has been showing signs of a recovery. The price has been consolidating between $0.00001 and $0.000012 since May. The crypto-token slipped below the consolidation zone in June but recovered some days later. We believe $0.000012 is a key resistance zone for investors seeking to buy Shiba Inu.
Shiba Inu has often been touted as a Dogecoin killer. The labeling comes due to their resemblance to Dogecoin. Both cryptos are regarded as “meme coins.” Shiba Inu was an overnight sensation in 2021, ending the year as one of the most searched cryptos. Often, SHIB and Dogecoin have been driven by social media mentions rather than fundamentals. With crypto interest remaining muted, the two coins have faced steep selloffs.
SHIB consolidates but needs a breakout to surge higher
Source – TradingView
Technically, Shiba Inu is in consolidation mode. The 14-day and 21-day moving averages have joined support. The price has crashed back to the $0.00001 support after hitting a resistance. However, historically, SHIB has been very volatile. It could break above the resistance quickly for the smallest of news. At the moment, we find no immediate trigger, and the price could remain subdued. Investors’ attention should turn to the $0.000012 resistance if they seek to buy SHIB.
Summary
Shiba INU is a popular meme token, together with Dogecoin. SHIB crashed this year, alongside major cryptocurrencies. The meme token is currently consolidating. Investors should watch $0.000012 for bullish confirmation before buying.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/3579.html
相关文章
Court approves protective order in SEC vs. Binance lawsuit
Shiba Inu shows promising signs, but a key breakout must occur to go higherCourt approves info disclosure order in SEC vs. Binance lawsuit.The protective order allows confiden...
阅读更多
KPMG gains initial exposure to Bitcoin and Ether
Shiba Inu shows promising signs, but a key breakout must occur to go higherKPMG Canada has allocated an undisclosed amount of Bitcoin and Ether to its corporate balance sheet....
阅读更多
Dubai approves XRP under its virtual assets regime
Shiba Inu shows promising signs, but a key breakout must occur to go higherRipple says approval allows licensed firms to incorporate XRP into their crypto asset services.CEO B...
阅读更多
热门文章
- Robotic 3D printer to build fire
- CoinJournal launches in 14 new languages.
- First human receives Neuralink brain chip implant, Elon Musk announces
- Kyber Network (KNC) outperforms most cryptocurrencies with a 57 percent gain in January
- WAVE Charging made 500kW ultrafast wireless EV charging real
- Bitget P2P expands fiat options for Middle East with seven new currencies
最新文章
Key US data to move the dollar this week and, with it, the cryptocurrency market too.
KPMG gains initial exposure to Bitcoin and Ether
WINR Protocol price jumps 37%
January recap: Bulls back on top, but all eyes on the Federal Reserve
XRP and Uniswap among altcoins ready to rally: Santiment
IMF MD asks for global preparation for central bank digital currencies (CBDCs)