Shiba Inu Could Rise 100% to $0.00003 If This Key Support Holds

With the bearish sentiment still in place, the Shiba Inu price could rise by 100% to $0.00003 if the important support level holds.

The Shiba Inu was hit hard by yesterday’s market crash, when Bitcoin fell to just above $60,000. Following the bearish market sentiment, the Shiba Inu fell 9.79%, setting a new low for August.

While these results are not impressive for investors, market observers believe that SHIB could be about to double in price. This observation comes as SHIB has reached a critical support zone after this latest correction.

Shiba Inu – Crucial Support for Major Recovery

IN updateAnalyst Kershne highlighted that Shiba Inu was consolidating in a range around $0.000015 at the time of the update. The analyst argued that if Shiba Inu successfully defends this support level, it could pave the way for a 100% rally, potentially doubling its price to $0.00003.

Notably, the $0.000015 price range represents the lowest level at which 100,500 addresses have accumulated SHIB tokens. Data from analytics platform IntoTheBlock shows that these investors have accumulated 442.81 trillion SHIB tokens in the range of $0.000015 to $0.000019, with an average purchase price of $0.000017.

Essentially, if Shiba Inu were to fall below $0.000015, one of the strongest support levels, it would result in a loss of 442.81 trillion SHIB tokens. This amount represents the largest concentration of Shiba Inu assets among the various clusters of SHIB holders accumulating.

Shiba Inu Owners IntoTheBlock

As a result, Kershne warned enthusiasts to watch for a break below the support level, which could signal further declines. Shiba Inu broke the $0.000015 support zone this morning, setting an intraday low at $0.00001418. However, at press time, Shiba Inu has recovered slightly, approaching the $0.000015 level.

In this new trading area, 14,600 addresses hold 94.88 trillion SHIB tokens, purchased at an average price of $0.000015. At the time of writing, these investors are at breakeven, awaiting Shiba Inu’s next move.

Is a Shiba Inu still a good buy?

Meanwhile, other analysts said these low prices provide enthusiasts with a chance to get a discount, urging them to use dollar-cost averaging to buy Shiba Inus cheaply before potential huge increases.

They often link period from late February to early March, when Shiba Inus soared nearly 400% in 10 days. Analysts believe that the second phase of this mega-rally is just around the corner, with Shiba Inus potentially cancellation of zero to enter the $0.0001 range.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
follow telegram
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة