Shiba Inu Roars Ahead: 12% Surge in 24 Hours 🐾
Shiba Inu Token Rises 12% in a Day: Predictions for Future Price Movements
Bark up the wrong tree? Definitely not! Your favorite meme coin, Shiba Inu (SHIB), is on a leash and stomping its paws toward the moon with an impressive 12% rally in the last day. It's just the tail-wagging start of the bull run, my friends!
Check out the numbers! According to CoinMarketCap data, one SHIB token changed hands at a whopping $0.00001478 as of this writing. Not too shabby coming from the low of $0.00001332 earlier.
Investors have been yapping and clapping their paws together, driving the trading volume sky-high by a gigantic 164.77% to $404.31 million!
From Zero to Hero? 🐰
Will we see Shiba Inu cruising through the $0.000017 territory like a pro? Arman Shirinyan, our trusted writer, thinks so. Following SHIB's successful flip of $0.00001350, it needs to dodge a few obstacles, namely $0.00001495 and $0.00001574[1]. Once breached, everything depends on the ebb and flow of the Shiba Inu ecosystem. And you better believe it, sell pressure could be a Rather RuffRuffle at $0.00001574! Can you tame the beast?
Whales Leave Paw Prints on the Price Movement 🐳
See the paw prints? They're not cat paw prints! These belong to the big whales, the ones with hundreds of millions of SHIB tokens in their pockets. Lately, they've been shaking up the market with a surge in activity—just a little puppy dance—that propelled SHIB past the 50 EMA. Now, sniff for the 200 EMA, a tantalizing resistance at $0.000016.
Or, Is This a Fleeting Meme? 💭
On the other paw, Caroline Amosun brings our attention to an enlightening perspective: the Shiba bulls may not be able to push the coin past the 200 EMA, if market sentiment and current buying momentum drop off. Only time will tell whether this Shiba surge persists or the coin will undergo a Shiba Shakedown!
[1] - Carbone, J. (2023, April 10). Shiba Inu Soars Amid Market Green: What's Next for SHIB? [Interview]. U.Today.
[2] - Anguelov, S. (2023, April 13). Shiba Inu News Today: SHIB Founder Cryptically Drops Big Hints [Interview]. U.Today.
[3] - Choquette, S. (2023, April 14). Shiba Inu Price Analysis: Bears Still Awaiting a Breakout [Editorial]. U.Today.
[4] - Loparco, V. (2023, April 16). Shiba Inu Retraces After Reaching Key Resistance Level [News]. U.Today.
[5] - Rosenberg, M. (2023, April 17). How the Next Phase of Shiba Inu Could Send the Price Skyward [Interview]. U.Today.
- The surge in Shiba Inu's price by 12% is a clear sign that the defi universe is witnessing a bull run in crypto, as people invest in bitcoin, tokens, and other coins for trading.
- The impressive rally of Shiba Inu has caught the attention of investors, with one SHIB token trading at $0.00001478 as of writing.
- Shiba Inu's trading volume has skyrocketed by 164.77% to $404.31 million, indicating a high demand for the token.
- Some experts predict that Shiba Inu may soon breach the $0.000017 territory, but it faces obstacles at certain resistance levels such as $0.00001495 and $0.00001574.
- The price movement of Shiba Inu is being influenced by the actions of whales who hold hundreds of millions of SHIB tokens.
- Nevertheless, the future of Shiba Inu remains uncertain, as it may face a possible market correction or 'Shiba Shakedown' if the current buying momentum slows down.
- For updates on Shiba Inu's volatile price movement, investors are encouraged to follow #Shiba Inu for the latest news and analysis from trusted sources like U.Today.
