Shiba Inu Price at Reset Point: Breakout or Stagnation Next?
- SHIB is consolidating after considerable price fluctuations
- It has reached a reset point, allowing for a fresh start in price movement
- SHIB exhibits a pattern of increased trading volume at the start of each week
As of today, Shiba Inu (SHIB) has reached a reset point, stabilizing after notable price fluctuations. This phase is characterized by reduced volatility and market indecision, with SHIB’s price hovering around $0.00001546.
This means that the cryptocurrency has reached a level where past trends, momentum, and trading patterns have essentially been neutralized, allowing for a fresh start in price movement.
SHIB has formed a double bottom near the $0.00001485 level, suggesting potential support and a trend reversal.
A recent death cross, where the short-term moving average crosses below the long-term moving average, indicates bearish momentum. Historically, this pattern can precede further declines or serve as a precursor to a significant reversal.
Whale Inactivity & Cyclical Volume Patterns Observed
The current inactivity of large holders (aka whales) suggests possible declines in volatility and liquidity. Their absence may keep SHIB’s pri…
The post Shiba Inu Price at Reset Point: Breakout or Stagnation Next? appeared first on Coin Edition.
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Shiba Inu Price at Reset Point: Breakout or Stagnation Next?
- SHIB is consolidating after considerable price fluctuations
- It has reached a reset point, allowing for a fresh start in price movement
- SHIB exhibits a pattern of increased trading volume at the start of each week
As of today, Shiba Inu (SHIB) has reached a reset point, stabilizing after notable price fluctuations. This phase is characterized by reduced volatility and market indecision, with SHIB’s price hovering around $0.00001546.
This means that the cryptocurrency has reached a level where past trends, momentum, and trading patterns have essentially been neutralized, allowing for a fresh start in price movement.
SHIB has formed a double bottom near the $0.00001485 level, suggesting potential support and a trend reversal.
A recent death cross, where the short-term moving average crosses below the long-term moving average, indicates bearish momentum. Historically, this pattern can precede further declines or serve as a precursor to a significant reversal.
Whale Inactivity & Cyclical Volume Patterns Observed
The current inactivity of large holders (aka whales) suggests possible declines in volatility and liquidity. Their absence may keep SHIB’s pri…
The post Shiba Inu Price at Reset Point: Breakout or Stagnation Next? appeared first on Coin Edition.
Читать больше
Analyst Predicts a 17x Shiba Inu Rally as Major Breakout Pattern Forms