🚀💥 Shiba Inu rises above the Ichimoku cloud: Will SHIB reach $0.00003? 📈💰
It seems that the price of Shiba Inu (SHIB) is experiencing a bullish trend after breaking through the daily Ichimoku cloud, indicating strong upward momentum 🚀. According to technical analyses, the price of SHIB has risen above the Ichimoku cloud, which is a bullish signal indicating the potential continuation of the upward trend 📈.
*📊 Technical analysis:*
- Ichimoku cloud indicators suggest a potential bullish trend ✅.
- The cup and handle chart shows strong upward momentum at 21.14884298 📊.
- The current resistance level is at $0.00001375, while the support level is at $0.00001254 💰.
*📈 Network activity:*
- Daily active addresses increased by 21.43%, indicating increased activity on the Shiba Inu network 🚀.
- 5,333 new addresses were created on the network in the past 24 hours 📈.
*🎉 Price forecast:*
- If the upward trend continues and trading volume accelerates, SHIB could rise towards $0.00003 in the long term 🚀.
- A movement between $0.000015 and $0.000020 is expected in the near term 📊.
*💫 Supporting factors:*
- Shiba Inu integrates aggressive contraction movements, reducing the total supply and boosting the price of the meme coin 💰.
- The transfer of 9,551,523 SHIB coins to dead wallets reduced the total supply, which could raise the price of the meme coin in the future 🚀.
Overall, technical indicators and network activity suggest a potential bullish trend for Shiba Inu coin 🚀. Investors should monitor the current resistance level at $0.00001375 and wait for additional confirmation signals before making any investment decisions 📊.
