Shiba Inu The (SHIB) price seems to have been visibly affected by the decline led by Bitcoin. Nevertheless, it would not be wrong to say that SHIB is showing signs of a comeback in the long term. The charts also seem to reveal the potential of the meme coin in terms of accumulation.
Shiba Inu Reviews
The price of Shiba Inu is currently seen moving near a support level, and it is thought that the mentioned level could bring significant profits for the price jump. The reason for this can be shown by the market indicators examined specifically for SHIB. The Moving Average Convergence Divergence (MACD) indicator is currently reflecting a bullish twin top formation (below). A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
The twin top bullish pattern based on the MACD indicator occurs when two peaks form above the zero line, with the second peak being higher than the first. It is widely known that this pattern indicates increasing strength in the market. The pattern typically indicates that a positive trend is forming and the asset under consideration is in the near future indicates that it may host upward price movement.
Along with the MACD, the Sharpe Ratio also seemed to have turned positive. Overall, the combination of the bullish MACD twin tops and the positive Sharpe Ratio suggests bullish momentum for Shiba Inu. However, due to the high volatility of the market, investors would do well to remain cautious.
How Many Dollars is Shiba?
Considering the factors mentioned above, Shiba Inu It seems that the price is likely to close above $0.00001473. It is also possible that this level has been an important support in the past and if the region is secured again, the meme coin, which is trading at $0.00001436, may rise faster.
The main target for SHIB seems to be to break out and turn $0.00001667 into support, which could trigger further major rallies. A fresh price rally could position $0.00001961 as the next major resistance for the meme coin.
At the same time, if the resistance at $ 0.00001667 cannot be broken, the charts may reflect that the Shiba Inu price has entered a consolidation or is falling. In case of a possible loss of support, SHIB may return to $ 0.00001281.
SHIB/TRY price at parity It is seen that it is at the level of 0.0004886 TL, which means a decrease of 1.79%.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
