Shiba Inu (SHIB), the world’s highest-valued meme token after Dogecoin, has risen more than 30% in the last 7-day period. We examined the technical appearance of the Shiba Inu for you.
Whale examining wallet movements WhaleStatsof the past months in sharing of Shiba Inuamong the top 500 ETH whales by dollar value “HODL” among cryptocurrencies first place had stated.
Investors and Ethereum holders profiting from the increased price with the upcoming Ethereum update Shiba Inu switched thought to be possible. That’s why you rise may have happened is estimated.
Also, according to Shibburn data, the website that tracks Shiba Inu burns, at launch A supply of 1 quadrillion of crypto currency from 410 trillion More was burned. Approximately 31 trillion SHIBConsidering that n is also locked, there is almost half of the initial supply in the market.
Shibburn shared last week on August 14. 711 millionin the last 24 hours in the post he made today, 150 million He said the SHIB was burned.
Shiba Inu Technical Analysis
% last Sundaya rise of 30 showing the performance, SHIB seems to have received a reaction from its falling trend. The meme token, which is below its 200-day moving average in the same region, 0.000014 may experience a pullback to dollar levels.
If it stays above its 200-day moving average, the Shiba Inu 0.00002050 It is expected to rise to dollar levels. If it crosses these levels, SHIB may experience a short-term rally.
However 0.000014 in case of falling below dollar levels 0.00001 It seems possible that it will regress to dollar levels.
- The data contained in the content is definitely not investment advice.