The Popular Meme Coin Shiba Inu Came to the Fore With Its Performance: SHIB Analysis


One of the most popular joke cryptocurrencies is Shiba Inu (SHIB) has recorded a significant price increase in the last 24 hours as the crypto currency market entered a recovery period. SHIB he managed to stand out among the top 20 crypto currencies while pushing the 0.000050 dollar level. dec.

SHIB Graphics and Reviews

In the hourly chart SHIB, traded horizontally following a sharp increase earlier in the day. The fact that the trading volume has fallen by more than 44% reduces the likelihood of a potential parabolic price movement. In the daily time frame SHIB, it tested the resistance point of 0.000050 dollars. Shiba, which does not foresee a sharp decline in its current price, continues to follow the general market trend.

In addition, in the long-term outlook, it was noted that the bulls returned with a strong buying step again with each decline. In this context, the weakness of the bears is confirmed while the sales volume is falling. Clientele Shiba Inu if it can stabilize its price above the critical 0.000050 dollar resistance, it can find space in front of the uptrend. SHIB as of the moment of writing this article, it is trading at the dollar levels of 0.000047.

Opinions of Experienced Analysts

Expert analysts maintain their positive expectations on the prospects for Shiba Inu. Shiba Inu is increasing its popularity every day with the increase of availability areas and its use as a payment method. SHIB had an incredible performance last month, rising by over 700%.

The most popular joke about crypto currency Dogecoinhaving left Shiba Inu behind in the market ranking for a while, Shiba Inu had shown that he had potential. Although meme coin has been the target of criticism as Shiba Inu is receiving intense attention and is going full throttle on his way. Expert analysts Dogecoin, Shiba Inu, Floki Inu he continues his comments on the tracking of meme coins such as.

You can follow our news on our Telegram channel, Instagram, Facebook, Twitter accounts and Youtube channel.