Although Shiba Inu (Shıb) has gone through a challenging process recently, investor interest is revived. Increased capital inflows and positive signals in technical indicators show that Shıb can break the long -standing decline trend. If this ascension tendency continues, Shıb may be at a strong rally door for investors.
Shiba Inu prevents the fall!
Shiba Inu’s exponential moving averages (EMA) does not give the bear market signal despite the price decrease. This shows that the general positive atmosphere of the market provides support to Shıb. In the technical analysis, it is accepted that he can maintain the acceleration of the asset and have the chance to recover unless there is a fall between EMAs.
In addition, large market movements also help Shiba Inu avoid further decreases. While investor sensitivity is getting stronger, the price of SHIB can maintain significant support levels. This can create an opportunity for a trend return on the market.
Investor confidence is increasing!
Shiba Inu’s transaction volume is experiencing a significant increase. Chaikin Money Flow (CMF) indicator showed a stable rise in the last week. This indicates that investors’ interest in Shıb has increased and great fund entrances are realized.
Generally, the increase in capital inflows may positively affect price movements. The fact that more investors buy Shıbs can create an upward acceleration and help Altcoin break the downward trend. If this trend persists, a strong rise movement can be triggered for Shiba Inu.
Shıb price is approaching the big break!
Shıb is currently trading at $ 0.00001559 and is preparing to break the long -standing decline trend. If the price exceeds the resistance of $ 0.00001676, a rally up to $ 0.00001961. If this level is supported, the price has the potential to reach $ 0.00002093. However, if SHIB cannot exceed $ 0.00001676, the price can be withdrawn to $ 0.00001462 support. If this support is broken, a decrease may be experienced up to $ 0.00001271 and the rise scenario may become invalid.
According to the data we follow as kriptokoin.com, we are entering a critical period for Shiba Inu investors. If the price performs the expected break, a great rise for Shıb can be at the door!
