Shiba Inu: Analyzing Performance and Potential
Shiba Inu (SHIB) has been experiencing some fluctuations in its price recently. Currently priced at around $0.000008193, the trading activity has slowed down by more than 8% and the price dropped by about 2%. However, traders and investors see this as an opportunity to buy at a lower price and potentially make profits later. Let’s take a closer look at SHIB’s statistics and analyze its chart to understand its future performance.
SHIB Statistics:
- Today’s Price: $0.000008193
- Market Cap: $4.83 Billion
- Circulating Supply: 589.35T SHIB
- Total Supply: 589.35T SHIB
- Coinmarketcap Ranking: 15
Monitoring Resistance and Support Levels:
When analyzing SHIB’s daily chart, it’s important to keep in mind certain levels that could indicate resistance or support. The price could potentially reach a resistance level at $0.00001080, which might cause it to increase further. On the other hand, if it stays below that level, it could drop close to $0.000008150, a supported zone. Additionally, there might be resistance at $0.00001160, and support near $0.000007630. Keeping an eye on these levels can provide valuable insights into SHIB’s price movement.
Profit Potential with PIKA:
If you’re looking for an alternative to Shiba Inu, consider PIKA. Currently in the exciting phase 3 presale, you can get the coin for only $0.0006. PIKA has gained attention in the crypto world due to its association with meme coins, which are popular at the moment. However, it’s important to remember that the crypto market can be unpredictable, and potential profits can vary. Make sure to do your research before investing.
Overall, while SHIB’s price has experienced some fluctuations, it presents an opportunity for potential profits. Additionally, considering alternatives like PIKA can provide diversification in your crypto investments. Stay informed and keep an eye on the market to make the most informed decisions.
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
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