Shiba Inu (which has increased by more than 30 percent in recent days) SHIB), attracted attention with the trading volume it created, even though it retreated a little.
BTC’managed to maintain its volume despite the negative weekly opening in SHIBto the memecoin market DOGE with direction. After gaining more than 30 percent in just three days, SHIB began to slacken as it approached a critical resistance area. The main factor in this price action was BTC’s indecision. What’s going on in SHIB, which is seeing an incredible amount of transaction demand despite the decline?
Shiba Inu (SHIB) technical analysis
Rising sharply from $0.00000774 SHIB , has experienced an increase of more than 30 percent in recent days. The popular name of Memecoins is currently trading at $0.00000928. At the same time, approaching the support zone, SHIB entered the decision-making process for its next course. The persistence above $0.00000917 could set the stage for a rise to $0.00001009 – $0.00001074 and $0.00001159 respectively.
In the scenario where BTC reaches $29,000 or the memecoin market loses its popularity, SHIB will naturally continue to loosen. The support points that can be followed in such a scenario are 0.00000844 – 0.00000774 – 0.00000751 – 0.00000694 and 0.00000641 respectively. The dominance of the transactions at $ 0.00000694 is of great importance in order for the upward expectations to continue.
