Shiba Inu (SHIB) Price Analysis: What Is The Goal Of The Popular Cryptocurrency?
Amid regulatory uncertainties, India’s largest cryptocurrency exchange ZebPay has listed Shiba Inu on its platform. Popular prank coin Shiba Inu (SHIB) recorded an incredible rally, up nearly 350% from its opening price in October.
Shiba Inu Graphics
Dogecoin killer Shiba Inu (SHIB) has partnered with payment company NowPayment to set a plan to burn a significant percentage in the name of reducing supply. Could this step act as the necessary catalyst for SHIB to surpass the $0.000035 resistance zone?
SHIB , which started to rise on September 6, broke out of the downtrend line on August 9th. The Shiba Inu has had an unstoppable bull run with stock market listings and whale purchases. SHIB, which stepped into the cooling period after reaching the level of $ 0.000030 , is preparing a healthy increase ground according to experts.
The Shiba Inu’s bullish trend is clearly visible on the weekly, daily and four-hour charts.
The Shiba Inu is entering a correction phase of a slowly ascending triangle chart pattern on the daily time frame. Shiba Inu investors expect the popular prank coin to climb to $0.00005.
Shiba Inu Rise
Expert analysts confirm the bullish outlook of the Shiba Inu . Experienced names consider the correction recorded in the price of SHIB as a healthy step for the upward movement.
The FOMO effect is triggered, while the social media influence leads to hype. Keeping the fire of the community alive with its ShibaSwap and Shiboshi NFT collection , SHIB wants to maintain its upward trend. The popular cryptocurrency SHIB hit an all-time high of $0.0000388 about 5 months ago. SHIB, which is 25% behind the ATH level, is on the radar of experts with its potential.
Shiba Inu investors are joking with community fire and social media influence that the cryptocurrency could accelerate its bullish momentum. Shiba Inu , which has great problems due to its huge supply, is among the cryptocurrencies to be followed in the coming period.