The Shiba Inu community is waiting for another price increase movement at a time when the star of meme coins is shining. Many analysts, SHIBhe gave his opinion on the situation of and about a possible bull or bear.
Expectations of Shiba Inu
According to experts from the popular Youtube channel FXStreet, Shiba Inu has the potential for an uptrend with a standard-looking uptrend model. Analysts noted that significant support areas are located in the high-volume region. Accordingly, there is a high probability that a Shiba Inu will appear in front of us.
There is a clear hidden bullish decoupling between the candlestick chart and the composite index. The composite index has lower bottoms, and the chart indicates higher positions. November October 5, in addition, a low pressure was noted in the composite index, and no movement above the moving average was observed in its continuation.
Shiba Inu, a strong momentum above $0.80 could launch the price up to $0.00016 if it catches the expected boom. Dogecoin killer Shiba Inu is trading at $0.000055 with an increase of more than 5% during the day. In addition, the last 24-hour trading volume has increased by more than 112% and attracts attention.
Other Meme Coins
Shiba Inu in addition, other meme coins maintain their bullish appearance. With the outbreak of the Evergrande incident the other day, the decline of the leading Bitcoin had turned the entire market into a red. While many crypto currencies fell into the support zone, there were generally decadals between 10% and 15%.
Dogecoin although it fell to 0.24 dollars, it managed to recover today and rise to 0.26 dollars. Baby Doge Coin, While the process of buying and selling dollars 0.00000000301 The Ryoshi token 0.00000005845 continues its course at the dollar levels. Crypto currency while the market is going through a very active period, experts’ advice to investors is to trade carefully during periods of high volatility.