๐๐ฅ Shiba Inu rises above the Ichimoku cloud: Will SHIB reach $0.00003? ๐๐ฐ
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 ๐. 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 ๐.
*๐ Technical analysis:*
- Ichimoku cloud indicators suggest a potential bullish trend โ .
- The cup and handle chart shows strong upward momentum at 21.14884298 ๐.
- The current resistance level is at $0.00001375, while the support level is at $0.00001254 ๐ฐ.
*๐ Network activity:*
- Daily active addresses increased by 21.43%, indicating increased activity on the Shiba Inu network ๐.
- 5,333 new addresses were created on the network in the past 24 hours ๐.
*๐ Price forecast:*
- If the upward trend continues and trading volume accelerates, SHIB could rise towards $0.00003 in the long term ๐.
- A movement between $0.000015 and $0.000020 is expected in the near term ๐.
*๐ซ Supporting factors:*
- Shiba Inu integrates aggressive contraction movements, reducing the total supply and boosting the price of the meme coin ๐ฐ.
- 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 ๐.
Overall, technical indicators and network activity suggest a potential bullish trend for Shiba Inu coin ๐. Investors should monitor the current resistance level at $0.00001375 and wait for additional confirmation signals before making any investment decisions ๐.
