Shiba Inu (SHIB) has been stuck in the same price zone for weeks. Altcoin is currently trading around 0.000012 dollars and has been over $ 0,00001159 for a long time. This region draws attention as an important return point that has been tested repeatedly from September last year to mid -summer. Investors closely followed in which direction the price will exit from this critical range.
Repetitive Price Cycles in Shıb
ShibThe most prominent formation in the price graph is the round consolidation zones. The price first moves horizontally in narrow clusters and then makes upward trials with a significant movement. In the previous periods, the price of these formations had moved to $ 0.00001698 and then to $ 0.00002052 resistance. But every time the acceleration disappeared and Shib Coin He retreated before he reached higher levels. Especially over $ 0.00002501 has remained a critical region that has not been overcome so far.
Today’s table suggests that a similar scenario can be experienced again. Shıb is again stuck between the middle level hill with the support. Although this range may seem small, the past exits always started from these narrow areas. For this reason, investors emphasize that possible breakage may be decisive for the rest of the year.
Uncertainty is increasing in the break point
Shıb’s most important threshold to determine the future price course is the support level for $ 0.00001159. If this level is preserved, a upward attack can be expected again. However, if it is broken down, the price may decrease to levels that have not been seen since the beginning of 2023. This scenario will bring a more uncertain painting, apart from the usual cycles in Altcoin.
Currently, the prominent factor for Shıb is rather than speculation. The repetitive price graph model is a critical signal for investors. In the coming period, the movement that will bring out of the narrow band is expected to shape the long -term appearance of Altcoin.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
