🐕 Shiba Inu ( $SHIB ): The Meme That Won't Quit
Market Capitalization: $15 billion.
Shiba Inu has long outgrown its status as a simple meme coin.
It's an entire ecosystem with staking, NFT integration, and DeFi initiatives.
🟡 An active community continues to support the project, making SHIB one of the most recognizable tokens in the crypto space.
What's happening now❔
🗣As of early December, SHIB was showing short-term stability in the $0.0000076–$0.0000083 range, posting weekly growth of around 7.5%. However, the coin is still deep in the red year-to-date, keeping investors cautious.
🗣Interesting development: heightened whale activity has been detected recently large holders have started actively moving tokens.
🗣Exchanges recorded a net inflow of over 1 trillion SHIB, which could signal incoming volatility.
🗣The Money Flow Index shows capital inflow, but overall sentiment among long-term holders remains cautious.
What's next❔
💬 SHIB is at an interesting technical crossroads. The coin is forming an ascending channel while simultaneously approaching the apex of a descending triangle.
🟡 If buyers can hold current levels and break through resistance, we could see movement toward $0.0000093, and potentially to the psychologically important $0.000010 mark.
💬 However, bears still control the situation. A breakdown of support around $0.0000075 could trigger further decline.
Trading Guidelines:📈 📉
📈 Growth above $0.00864 path to $0.0093 and further to $0.0010.
📉 Drop below $0.0081 risk of decline to $0.0077.
Conclusion:
SHIB shows signs of life after a prolonged decline, but a serious reversal requires strong momentum. Watch whale activity and trading volumes.
📈 Open trade with $SHIB
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