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8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/989249.html
相关文章
Ankr partners with Pocket Network to offer a more decentralized Web3 ecosystem
Shiba Inu shows promising signs, but a key breakout must occur to go higherAnkr, which is one of the fastest-growing Web3 infrastructure providers, has announced its partnersh...
阅读更多
Shiba Inu (SHIB) could drop by around 15% before any bull run
Shiba Inu shows promising signs, but a key breakout must occur to go higherShiba Inu has seen a two-week period of price consolidation. There have been times when the coin has...
阅读更多
Getty Images picks Candy Digital for NFT minting on the Palm blockchain
Shiba Inu shows promising signs, but a key breakout must occur to go higherGetty Images’ NFTs will be minted on the Ethereum sidechain Palm blockchainLimeWire recently p...
阅读更多
热门文章
- Norwegian microsat makes first ground contact using lasers
- BNB Chain to undergo major hard fork to address blockchain exploit risks
- This spooky AI model will tell you the time of your death
- Income Access review: the pros and cons of using it for affiliate marketing
- Zaha Hadid Architects: World's first hydrogen boating docks
- Bitcoin Cash price spikes to 14
最新文章
Chancer presale nets more investors with the addition of ETH and USDT buying options
Here are the top five low
Chancer prediction as the ASI token sale gathers momentum
How bullish is Tron (TRX/USD) after a withdrawal deal with FTX?
Solana (SOL) could surge by 50% in a quick relief rally
Ailing Bitcoin price in Q1 chokes Bitcoin mining stock