The Shiba Inu, or Japanese dog breed is often considered the most popular. It’s owners are said to be well-to-do and its popularity has led people to search for it in connection with bitcoin prices.
The “shiba inu coin news” is a cryptocurrency that has been around since 2014. It’s currently trading for $0.000080 and could test the $0.0001 resistance level soon, according to technical analysis.
Shiba Inu has retained its position as one of the top ten cryptocurrencies in terms of market capitalization, and it may continue to rise in the next hours.
The cryptocurrency market has begun the new month on a high note, with most currencies’ values rising by more than 2% in the last 24 hours. After dipping towards the $60k mark over the weekend, Bitcoin is presently trading over the $62k barrier.
The most popular cryptocurrencies are also on the rise, with Ether keeping its price over $4,300. Solana is the greatest performance among the top cryptocurrencies, with a gain of nearly 11% in the last 24 hours.
Shiba Inu has been one of the best-performing currencies in recent weeks, with its rise in value propelling it to the top of the market cap rankings. SHIB has remained the ninth-largest cryptocurrency by market capitalization.
Price forecast for Shiba Inus
The SHIB/USD 4-hour chart is now looking quite positive, due to Shiba Inu’s recent surge. The MACD line is firmly planted in the bullish zone, while the RSI of 55 indicates that Shiba Inu is approaching overbought territory.
SHIB is trading at $0.00007210 per coin at the time of writing, up 11% in the last 24 hours. The cryptocurrency has lost 17% of its value after hitting an all-time high of $0.00008616 last week.
SHIB broke over its first significant resistance level at $0.0000717 earlier today, and it might continue to rise in the coming hours. In order to test the resistance level of $0.000080 in the next hours, it will require the aid of the larger cryptocurrency market.
Shiba Inu has a possibility to try to achieve its all-time high price of $0.00008616 if there is a sustained rise. On the other hand, a move below $0.0000717 might make it difficult for SHIB to defend the $0.0000649 pivot in the coming hours.
SHIB should easily maintain above the important support level at $0.0000602 in the next hours unless there is a sustained negative trend in the market.
The “shiba inu coin 8000 investment” is a cryptocurrency that has been experiencing some volatility. The shiba inu coin reached the $0.000080 resistance level, where it was able to hold on for a while before dropping back down.
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