Current trend
Shiba Inu (SHIB) has shown a notable upward movement in recent days, as the price rose from 0.00001147 to 0.00001187, recording an increase of about 3.5%. This rise came after a period of low fluctuations.
Important points in price movement
*Increase in trading volume**: We have noticed a significant increase in trading volume over the past 21 hours, especially during the period between 20:00 and 21:00, where the trading volume reached over 2.1 billion units
*Breaking resistance levels**: The currency managed to break the resistance level at 0.00001180 and maintain this level
*Formation of a support base**: A new support base was formed at the level of 0.00001170
Factors influencing the price of $SHIB
1. General movement of the cryptocurrency market: SHIB is significantly affected by Bitcoin's movement and the overall market
2. Investor interest in meme coins: The return of interest in meme coins could drive the price of SHIB up
3. Project developments: Any updates on the Shibarium system or the addition of new uses for the currency
Short-term predictions
*Next resistance**: The next resistance level is at 0.00001200
*Main support**: In case of a pullback, the price may find support at the level of 0.00001170
*Expected trend**: Continued cautious upward trend with the possibility of fluctuation between 0.00001170 and 0.00001200
It is important to monitor the overall market movement, especially Bitcoin, as it will significantly influence the direction of $SHIB in the coming days. The noticeable increase in trading volume indicates renewed interest in the currency, which may support the continuation of the upward trend.
The information mentioned above has been researched and summarized through personal effort, and does not constitute investment advice.
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