It seems that those who have not invested in Shiba Inu (Shib) during a recent decline in prices may soon experience fear of skipping, or FOMO, as is known in the cryptocurrency market.
The fact is that, according to the popular Bollinger Bands indicator, the price of a popular cryptocurrency inspired by a meme has reached the fact that it could be a local bottom after a loss of 14% from Tuesday. When on Friday it reached $ 0.00001462, the price of Shiba jumped by 9%, but more importantly, it was that it touched the lower band of a popular indicator.
For those who do not know, the Bolinger’s stripes consist of three curves, with a 20-day sliding average as a base, and the lower and upper strip as deviations from it. As a result, the indicator creates a price range in which traders can evaluate the price impulse of the asset.
When the price of Shiba Inu tokens affects the lower lane in the older time frame, its movement makes the chances of the SIB entrance than to fall, although not installed on the stone, since there may be such cases as last week with huge liquidation.
Nevertheless, in the weekly time, this collapse forced the SHIB price to touch the lower strip, after which it grew by 28% over the next six days.
If the price of the Shiba Inu token really discovered the bottom, its next goal can be a median, which currently exceeds 0.0000178 for daily time frames and $ 0.0000217 in weekly time. This is an increase in at least 13% and not more than 38.9%. If the Shibe manages to carry out such a trick, FOMO will be felt throughout the market.
