SHIBA INU OWNERS DISPLAY LONG TERM COMMITMENT!
Shiba Inu owners are indeed showing long-term commitment to the cryptocurrency, with approximately 4% of investors transitioning from short-term to long-term holders. This shift indicates increased confidence in SHIB's potential, despite current price volatility.
Key Factors Driving Long-Term Commitment:
Stabilizing Price: The transition to long-term holders could stabilize Shiba Inu's price, reducing sell pressure and supporting sustainable growth.
Conviction in Potential: Investors believe in SHIB's potential, demonstrated by their willingness to hold onto their assets despite market fluctuations.
Mixed Sentiment: Investor sentiment remains mixed, with some expecting a potential comeback and others cautious about market uncertainty .
Current Price and Resistance Levels:
Current Price: SHIB's price remains above $0.00001676.
Resistance Levels: $0.00001961 and $0.00002093 are key resistance levels to watch.
Support Levels: If SHIB drops below $0.00001676, it may test further supports at $0.00001462 and $0.00001271 .
Expert Insights:
Long-Term Accumulation Zone: A top trader has identified a long-term SHIB accumulation zone, potentially paving the way for a surge to $0.00007.
-Commitment to Transparency: Shiba Inu Metaverse Advisor Marcie Jastrow has expressed her long-term commitment to SHIB, emphasizing transparency and confidence in the project's potential .#CryptoStocks #GENIUSActPass #shiba⚡ $SHIB #PowellRemarks #BinanceAlphaAlert