Shiba Inu: Analyzing Trading Activity and Price Movements
Shiba Inu, priced at $0.000007932, experienced a significant amount of trading activity, reaching $120.4 million in the last 24 hours. While trading increased by over 24%, the price dropped by over 2%. In the past week, the price of SHIB increased by about 2%, but over the last month, it went down by roughly 4%. Traders and investors are curious about the stability of SHIB at $0.00008000 and whether significant developments are occurring behind the scenes. It is important to monitor the SHIB market to anticipate future movements.
Main breakdowns:
- Shiba Inu (SHIB) Statistics
- Today’s Price: $0.000007932
- Market cap: $4.67 Billion
- Circulating supply: 589.35T SHIB
- Total supply: 589.35T SHIB
- Coinmarketcap ranking: 15
- Resistance and Support Levels
- Resistance levels: $0.000009430, $0.00001075
- Support levels: $0.000007750, $0.000007350
- Potential Price Movements
- Possible rise to $0.00001120 or higher if the price remains above the 50-day and 100-day moving averages
- Short-term price drop expected based on the RSI-14 indicator and support level S1
- Protect investments from significant losses by using stop-loss orders
- Alternative to Shiba Inu (SHIB): Wall Street Memes Token (WSM)
- WSM added staking feature and listed the token for trading
- Staking could stabilize WSM token’s price and attract different types of investors
- WSM’s Recent Developments and Investments
- $1 million investment in WSM during the presale phase
- WSM preparing to launch on big exchanges in 29 days
Hot Take:
Shiba Inu (SHIB) continues to experience significant trading activity and price fluctuations. Traders and investors should closely monitor the resistance and support levels to anticipate potential price movements. Additionally, Wall Street Memes (WSM) presents an alternative investment opportunity with its staking feature and upcoming listing on major exchanges. The recent investments received by WSM indicate growing interest and potential for the project. Staking can contribute to market stability and prevent sudden token selling. Both SHIB and WSM have the potential to yield positive returns, but careful analysis and monitoring are essential for informed decision-making.
By
By
By
By