Which way as Shiba Inu trades at an important support zone?

Which way as Shiba Inu trades at an important support zone?
фото показано с : coinjournal.net

2022-9-15 23:33

Shiba Inu has recovered by a marginal 0.91% after an inflation-inspired decline.

SHIB was the most viewed cryptocurrency in August

The cryptocurrency remains vulnerable at $0.000012

Meme token Shiba Inu SHIB/USD is one that rarely follows the general crypto sentiment. Instead, SHIB has been moved by retail frenzy and social media mentions. It is also likely to see SHIB ballooning on any slight fundamentals.

A CoinMarketCap analysis shows that Shiba Inu was the most viewed cryptocurrency in August globally. The interest was connected to a number of projects which are expected to increase the utility of SHIB. One among them is the Shiba Inu metaverse.

Nonetheless, Shiba Inu seems to have been gripped by fears of a faster Fed policy action after inflation data. The cryptocurrency experienced a flash crash that saw it touch the support of $0.000012. As of press time, SHIB was recovering and up 0.91% in the last 24 hours. Does SHIB have a chance to make a comeback?

Shiba Inu trades at key support as price breaks below inside bars

eToro

eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.

Buy SHIB with eToro today Disclaimer

Bitpanda

Bitpanda is a digital assets brokerage company. It has grown to become one of the most popular crypto exchanges in the world, as it offers a user-friendly interface, it has developed a bunch of great features and it offers a variety of coins to invest in. Bitpanda has also built a reputation for security, and it has never experienced a hack of its data before.

Buy SHIB with Bitpanda today

Source – TradingView

Technically, the Shiba Inu token has initiated a bearish breakout from multiple inside bars at the support. A breakout suggests that bearish pressure may mount at the key level. Besides, the price moved below the moving averages, which could offer further resistance above. Nonetheless, SHIB is showing recovery and resisting a drop below $0.000012.

Concluding thoughts

Shiba Inu remains vulnerable at the support zone. However, an interest in cryptocurrency could help its recovery at the critical make-or-break level. Currently, we cannot ascertain if the recovery will occur after a bearish breakout of inside bars at the support. We need to watch the price action over the next few days to ascertain the potential direction of SHIB.

The post Which way as Shiba Inu trades at an important support zone? appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

SHIBA INU (SHIB) на Currencies.ru

$ 0 (+1.82%)
Объем 24H $11
Изменеия 24h: 8.92 %, 7d: 2.86 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 3428
Доступно / Всего 0 SHIB

inu shiba important zone support way trades

Источник: coinjournal.net

inu shiba → Результатов: 126


Фото:

There Is A New Utility Token In Town That Is Seeing Increasing Interest From Shiba Inu (SHIB) Holders

Remember when the Shiba Inu price shot up so high it turned an investment of $8,000 into $5. 3 billion? These were the days, and since then, the Shiba Inu price has been languishing. But all is not lost for Shiba Inu holders, as there is now a new token on the markets that is promising to deliver the type of growth investors only dream of.

2024-10-15 22:00


Shiba Inu Delays Bull Run to $1 for 2026, Says Analyst as RCO Finance Prepares to Rise 8000% by Q1 2025

The crypto market’s recent crash has seen leading cryptos like Shiba Inu (SHIB) bleed, threatening its potential to hit $1 soon. Meanwhile, RCO Finance (RFOF), an upcoming Ethereum token, has gained investor interest after jumping significantly during its presale and promising more returns. When is Shiba Inu likely to hit […]

2024-10-9 04:00


Shiba Inu Team Teases ‘New Era Is Dawning’ On Shibarium: Here’s Why

In the latest edition of The SHIB Magazine, the Shiba Inu team has unveiled new details about the upcoming DevPortal which is about to reshape the Shibarium Layer 2 blockchain landscape. This new tool is a comprehensive platform engineered to empower developers and significantly streamline the decentralized application (dApp) development process in the Shiba Inu […]

2024-9-6 02:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Около 260 млн игроков покинули игру Hamster Kombat

Популярная «тапалка» Hamster Kombat больше не популярна. Игроки массово покидают проект. В начале августа ежемесячное количество игроков Hamster Kombat оставляло более 300 млн человек. К ноябрю этот показатель обвалился до 40,9 млн.

Bitcoin Price Forecast: What To Expect In The Final 24 Hours Before US Election

As the US presidential election approaches, the Bitcoin price has found a stable support range between $68,000 and $69,000, just shy of its all-time high earlier this year.   While the cryptocurrency has struggled to surpass this significant milestone, investor sentiment remains cautiously optimistic, with expectations for further price increases tempered by anticipated market volatility in the upcoming hours.

BNB price unfazed as Binance burns 1.7M tokens

Binance has burned over 1.7 million BNB tokens as a part of its quarterly burning initiative. On Nov. 1, Binance, the world’s largest cryptocurrency exchange in terms of trading volume, announced its 29th quarterly BNB token burn, where it removed…