The instantaneous depreciation of cryptocurrencies led to risky price movements in memecoins, what’s the latest for Shiba Inu (SHIB)?
Stating that it has sued Coinbase and Binance, the SEC has created serious depreciation in cryptocurrencies. Especially in the memecoin ecosystem, there has been serious activity. Among these coins, the technical structure formed in SHIB drew attention. SHIB may pave the way for a rise of close to 20 percent. How is the chart progressing on behalf of SHIB?
Could the Shiba Inu (SHIB) Increase By 18 Percent?
SHIB, which has been in a bearish trend for a long time, has fallen further as the SEC has taken a hit on cryptocurrencies. Looking at the current situation, SHIB, which broke the falling channel and tested an upper resistance, could not maintain this value. Finding a buyer from an alt support, memecoin seems to be on its way to $0.00000844.
A break of the $0.00000844 resistance for SHIB could signal an 18% rise. At the same time, how the memecoin frenzy progresses is critical. The resistance points for SHIB are 0.00000844 – 0.00000920 – 0.00000972 and $0.000010 respectively. Support values are $0.00000774 and $0.00000751.
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