Shiba Inu (SHIB) Price Analysis: Key Levels and Expert Reviews

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Popular meme tokens Shiba Inu he managed to become the roller coaster of the week, albeit for a short time. The rally, which started at 0.000040 dollars during the week, lasted until 0.000055 dollars with an increase of more than 40%. Recorded rally Shiba Inuhe increased the market capitalization of $ 22 billion to $ 30 billion. However, this sudden increase has been replaced by an uncertain downward trend.

Shiba Inu Climbs With Kraken Listing

US-based crypto currency exchange Kraken Shiba Inuthe fact that it listed on its platform gave the popular meme token the hype it was looking for. The gains at the beginning of the week came with a break above the significant medium-term downward trend that has been limiting price movement since the end of October. The gains recorded, however, were short-lived.

The downward trend of the crypto currency market was enough to stop the altcoin market. The leading cryptocurrency Bitcoin many altcoins have seen losses of up to double digits as they have declined to $56,000 levels. Binance Coin and Ethereumthe functioning of the burning mechanisms seen in the has enabled these crypto currencies to become performance stars.

SHIB the critical levels indicated by the experts on behalf of him were recorded as 0.000040 dollars and 0.000035 dollars. According to experts, a sales pressure below $ 0.000040 can push the price of the popular meme token up to $ 0.000035. It is vital that the critical level of support here is maintained. the demolition of the $0.000035 castle could deepen the decline in the coming period.

Future Comments

Shiba Inu, which has many catalysts due to its being a hype-based crypto currency, is known for challenging technical analysis data.

Robinhood the continuation of the stock market listing effort remains important for the coming period. Perhaps the realization of the goal here will cause a pump dump movement. However, the fact that expectations persist and have not yet been realized allows investors to keep their hopes alive and enter in anticipation for the future.

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