This Trendline Breakout Sets Shiba Inu Coin For A 15% Jump

In response to rising buying pressure in the crypto market and high accumulation from whales, the Shiba Inu coin price bounced from $0.0000083 support with a tweezer bottom candle pattern. Moreover, this bullish reversal surpasses the immediate resistance of $0.00000888 and the downsloping trendline, offering an entry opportunity for sideline buyers.

Timeline of Shiba-inu

Live Updates and News on Shiba Inu: In the last 18 months, it is the first time that the least number of SHIBs is burnt. The Shiba Inu fans destroyed only 368 million SHIB which is worth only $3,200.

Ethereum whales sold off a good number of SHIB tokens amid abysmal performance The long-term sentiment of SHIB could be positive as investors remained hopeful about their actions Shiba Inu's [SHIB] stay at the top of the holdings by Ethereum [ETH] whales could be threatened due to a notable reduction in holdings.

The meme-inspired cryptocurrency Shiba Inu ($SHIB) has added over 50,000 new holders on the blockchain even amid a cryptocurrency market rout triggered by the collapse of the popular cryptocurrency trading platform FTX. According to data from CoinMarketCap and Etherscan, the number of unique addresses holding Shiba Inu on the blockchain has grown from around 1.

Shiba Inu (SHIB) capitalized heavily on the meme coin hype but failed to find its footing as the project lacked utility. Orbeon Protocol (ORBN) is the definition of utility. Both its token and platform will provide many features and benefits and solve problems for its users.

Despite the entire cryptocurrency sector still feeling heavy aftershocks of the earthquake caused by the FTX liquidity crunch, dog meme coin Shiba Inu (SHIB) hasn't seemed to suffer any losses in the number of investors – quite the opposite.

 SHIB's RSI and stochastic were oversold, pointing towards a trend reversal However, SHIB's EMA Ribbon stood in opposition of SHIB's price hike   One of the most popular memecoins, Shiba Inu [SHIB], has kept its investors unhappy as its chart bled red. According to CoinMarketCap, SHIB registered more than 5% negative daily gains.

Shiba Inu (SHIB) is a popular digital currency born as the memecoin rival of Dogecoin (DOGE), Elon Musk's beloved dog-themed currency. The SHIB token had a rather chaotic bullish rally in 2021 as fear of missing out (FOMO) invaded users into buying a currency that was reaching unbelievable heights.

Despite the negative sentiment in crypto markets after the FTX collapse, many traders flock to memecoin Shiba Inu (SHIB). The post SHIB Army Remains Positive as Memecoin Social Sentiment Index Remains Positive appeared first on BeInCrypto.

Shiba Inu price prediction remains bullish above $0.0000088 as it has closed Doji and spinning top candles above this level. Most of the bullish trend has been caused by an increase in Shiba Inu trades that has topped $1 billion.

Shiba Inu's NFT ecosystem witnessed growth last week A few metrics suggested that a trend reversal can be expected soon  Shiba Inu's ‘SHIB the Metaverse' recently unveiled its new concept art, named Dunes. After several weeks, a new update was revealed which looked promising for the much-awaited metaverse project.