Shiba Inu’s Price Surge and Potential for Further Increase
Shiba Inu’s price has experienced a significant increase of over 15% in the last week and approximately 30% in the last month. This surge has led investors and traders to believe that the price could continue to rise.
- Current price of SHIB: $0.00001054
- 24-hour trading volume: 398.800 million (down over 9%)
- Market cap: $6.230 billion
- Circulating supply: 589.35T SHIB
- Total supply: 589.59T SHIB
- CoinMarketCap ranking: 12
Spotting Trends and Key Levels with Shiba Inu Chart
By analyzing the 4-hour chart, it is possible to identify important information. If Shiba Inu continues to rise, it could potentially reach a price higher than $0.00001340. On the other hand, if it drops below the support level of $0.000009810, a significant decrease may occur.
- Key levels to focus on if the price drops: $0.00001150 and $0.00001340
- Support levels: $0.000009810 and $0.000008230
Potential for Further Price Increase and the Role of RSI
If Shiba Inu’s price continues to rise in the next 15 and 30 days, it could potentially reach $0.000001120 or higher. The Relative Strength Index (RSI) currently stands at around 60, indicating a reasonably high price. If the price remains strong and continues to rise, the RSI may increase even further.
However, it is crucial to be cautious as gains can quickly disappear if the price drops below the usual points and the RSI decreases. Utilizing stop-loss orders is recommended to ensure safety and prevent significant losses.
Opportunity with Wall Street Memes Token (WSM)
The Wall Street Memes token (WSM) has been making waves in the crypto world, attracting significant attention. Through a successful early sale, they have raised an impressive $23.771 million by August 14. The upcoming pre-sale in 2023 is expected to further impact the crypto market.
- WSM token pre-sale: 2023
- Over a million social media followers
- Potential for a successful launch on major crypto sites
Potential Rewards and Benefits of Investing in WSM
Crypto experts believe that the availability of WSM on a crypto exchange could lead to substantial earnings. Participating in the early sale presents a great opportunity for those skilled in investing.
WSM has already reached over $23 million, partly due to the involvement of a prominent crypto investor. The project is well on its way to achieving its $30 million goal, and more individuals are taking notice.
Hot Take:
Shiba Inu’s recent price surge has generated excitement among investors and traders, with the potential for further increases. Additionally, the Wall Street Memes token, WSM, is gaining attention and presents an opportunity for significant rewards. Both SHIB and WSM have the potential for growth in the crypto market.
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