Expert crypto analysts Jonathan Morgan and Arman Shirinyan announced critical technical levels and on-chain activity for the Shiba Inu price. Here are the expected levels and network metrics for the Shiba Inu…
Jonathan Morgan shares $0.0000050 targets
Shiba Inu price completed the most bullish and optimistic close in more than 100 days. The bulls managed to push the SHIB up to 25% higher and completely swallowed the entire price range of the last twenty days. A hypothetical entry mark was placed around $0.000022 and the projected target was above $0.000050.
On the upside, the Chikou Spread will be above the candlesticks and in the open if the bulls can push the SHIB price to or above $0.000031 to $0.000032. According to the analyst, this is a necessary condition for the ideal Taurus Ichimoku Breakout entry.
On the other hand, above $0.000031, the next and last resistance for Shiba Inu price on the daily chart of Ichimoku is the top of the Cloud (Senkou Span B) at $0.000040. Therefore, investors should expect a significant amount of resistance at the determined levels.
Shiba Inu price peaks
SHIB showed the strongest increase in volatility since November 2021. The price of the token surged to pre-correction levels and peaked at $0.000035. cryptocoin.com As we have reported, Shiba Inu has returned to the top of the position of the largest token among whales, and this is confirmed by the rapidly increasing value of whale wallets currently at $1.8 billion. In addition to the recovery in the market, the basic background of the project is getting to the next level as the team behind the project adds numerous use cases to the token, such as the previously announced Shiberse Metaverse, the opening of a fast food chain, and others.
Biggest accumulation of Shiba altcoin whales
February seems to be a record month for the popularly known meme cryptocurrency Shiba Inu (SHIB). SHIB surpassed FTX Token to become the Largest ERC-20 Holding (16.85%) among the top 1000 ETH whales with a total valuation of $1.8 billion. Now 16.85% of the wallets of the largest Ethereum whales are leaving Shiba.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.