The Shiba Inu rebounded to a key price level with a gain of 10%; Historical patterns indicate impending move

After reaching a high of $0.000012 on April 21st, Shiba Inu Currently trading at $0.00000101. Despite reducing some profits, Shiba Inu It is up 10% in the last 24 hours, and its price is up 22.23% over the last week. On the bus: Shiba Inu $SHIB Almost all the top coins in the last 24 [...]

The Shiba Inu rebounded to a key price level with a gain of 10%;  Historical patterns indicate impending move

After reaching a high of $0.000012 on April 21st, Shiba Inu Currently trading at $0.00000101. Despite reducing some profits, Shiba Inu It is up 10% in the last 24 hours, and its price is up 22.23% over the last week.

The Shiba Inu dropped an additional zero as its price returned to the support levels it found in May. From mid-May to early June the Shiba Inu consolidated above $0.00001, confirming this as support. The bulls lost this support due to a sharp decline in the market in mid-June. Therefore, the Shiba Inu, reaching a low on June 18, was last seen in August 2021, at a low of $0.0000071.

The daily RSI is currently trending slightly upwards, indicating an imminent move, but overall, the trend is still one of consolidation as the RSI is still hovering around the neutral 50-point level. The market structure for the Shiba Inu is now similar to that of July to August 2021, when it was consolidating before a significant price increase in October.

For an uptrend to revive it, buyers might need to push the price above the $0.0000115 barrier and then $0.000023. However, the bulls should maintain the $0.00010 level as support.

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According to whalestatsSHIB is back in the top 10 assets by trading volume among the 100 largest ETH whales, who are now worth $524,927,965 of SHIB.

The top ETH “bluewhale0073” has also bought 163,286,048,050 SHIB, valued at $1,575,710.

Shiba Inu profits up

Per IntoTheBlock data, the top meme cryptocurrency, the Shiba Inu (SHIB), has seen profitability soar to 22%, having fallen to 14% earlier. Shiba Inu (SHIB) was one of the biggest gainers in the crypto markets on April 21 as SHIB holders considered the reassuring remarks of Shiba Inu’s lead developer, Shiotoshi Kusama.

U.Today previously reported that 81% of Shiba Inu holders were under water on their investments, with barely a 14% gain as the price of the Shiba Inu fell to around $0.000008 on June 14. Now, the number of Shiba Inu addresses in profit has grown to 22. ,


source: u.today