The broader crypto market is showing strong signs of an upside, and gray price Among the leading currencies in terms of earnings. last 24 hours Shiba Inu The uptrend allowed the coin to rise more than 70%.
Will SHIB Price Kill Another Zero This Week?
At the time of writing, SHIB is trading at $0.000001608 with a gain of more than 70%. If the current sentiment is maintained, SHIB price could rise towards the next resistance level at $0.000017.
If the buying spree continues with positive market sentiment, the meme token price could rise to $0.00002
On the flip side, if SHIB price fails to break this resistance, the altcoin may test the initial support levels at $0.00001308. In an extended loss if the price drops to the $0.0000009 level, which could lead to a decrease in buying and entry into the consideration phase before the massive rally.
According to the above chart, a break of the pattern could result in SHIB price reaching $0.00001800. However, a breakdown of the 38.2% Fibonacci level will come as a huge shock to SHIB traders.
Also Read: ShibArmy Leads a Meme Coin Pack! Will you pump up the price of Chip?
Should Shia Inu be accepted as a payment mode?
Recently, the Shiba Inu community in Venezuela posted on SHIB Payments. According to the tweet, in the country of Venezuela there are 50 stores that accept SHIB crypto as a payment method.
In addition, this news can be considered as one of the catalysts for SHIB’s massive rally. If this uptrend continues, we can expect a growth rate of 100% or more at any given time.
Read also: Cardano is about to explode! Reports indicate that Cardano is undervalued!
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