The other day, Shiba Inu introduced the Shiba Inu Metaverse project, the much-talked virtual reality project.
Among the details of the project were the fact that Shiba Inu will have 100,595 plots in the metaverse universe, that he will buy public lands, and that private lands that represent key positions in the metaverse will be locked.
At the same time, the fact that Ethereum will be used for the unlocking of different layers caused Dogecoin co-founder Billy Markus to say that “selling land with Ethereum will not increase the benefit of SHIB”.
So what important levels should be followed in technical terms?
When we examine it in the daily time frame, we see that it has received the fib 0.5 support.
At the same time, while getting support from the EMA 50 and 200 intersection, which is about to happen, while preparing to break the falling trend upwards, fib was rejected before it could go above $0.027, which corresponds to 0.382, and it is seen that this region is an important resistance point.
If it stays above this region, the next important region will be the order block area in the $0.0354 region after the mbs area is created.
If this region can be exceeded, other target regions can be followed as a continuation of the uptrend.
Otherwise, since the loss of the $0.019 region, which coincides with the fib 0.5 support, will change the direction of the trend, the absence of closings below this region will have a positive effect on the price.
As a result, with the direction of Bitcoin and Ethereum being important across the market, it will be important to follow the price levels of Shiba Inu along with these parities.