Shiba Inu Price Prediction As Buyers End 3-Week Correction to Chase $0.00001 🔑
Is SHIB Price Ready for $0.00001? 🔥
A bullish breakout from the flag pattern sets the SHIB price for 38% growth.
The rising SHIB price could face significant resistance at $0.0000096 or $0.000011
The intraday trading volume of the Shiba Inu coin is $147.5 Million, showing a 45% gain.
Shiba Inu Price Prediction: an upside breakout from the flag pattern indicates the SHIB price is set for higher recovery.
Shiba Inu Price Prediction: November saw heightened volatility across the cryptocurrency market, leading to a sideways movement for most major cryptocurrencies. However, the Shiba Inu (SHIB) experienced a more pronounced downturn, plunging from $0.00000932 to $0.0000063, marking a 27% decrease. Despite this sharp correction, analysis of the daily timeframe chart suggests that this is part of a bullish continuation pattern, indicating that the overall upward trend for Shiba Inu remains intact.
Massive Surge in Shibarium’s Daily Transaction
Shibarium, a Layer 2 (L2) blockchain solution within the Shiba Inu ecosystem, has recently seen a dramatic surge in daily transactions. This increase began on November 30th and saw daily transactions skyrocket from 748,230 to an astonishing 7.41 million by December 2nd, marking an almost 890% rise. This surge is credited to increased user activity, rising gas prices, and an uptick in token-burning activity. As a result, Shibarium has now achieved over 1.90 million total blocks, with transactions exceeding 22.5 million and wallet addresses surpassing 1.28 million.
Relative Strength Index: The daily RSI slope sustaining above 50% reflects the positive sentiment of the market is intact.
Exponential Moving Average: the SHIB price rise above the 200-day EMA, offers an extra edge to market buyers.
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