At the end of the cryptocurrency market correction, Bitcoin hit the $70,000 level again. However, there were rises in many cryptocurrencies. One of the cryptocurrencies that experienced a rise was Shiba Inu. The popular memecoin rose about 6 percent to $0.0000295, according to CoinMarketCap data. What are the support and resistance levels in Shiba Inu? What awaits us in the market from now on?
Shiba Inu Price Analysis:
Popular memecoin Shiba Inu gained 6 percent with the rise in the market. While the cryptocurrency sector has been experiencing a correction for about 2 weeks, prices were well below expectations in altcoins. However, Bitcoin’s rise above $ 70,000 again gave the market a breather and sparked a bullish fever.
Shiba Inu’s resistance level is currently the 0.00030 zone, while the support zone is the 0.0000281 dollar level.
We can say that the rise in the market may continue after Bitcoin regains the $ 70,000 region. However, the fact that the data expected by the market has come, the absence of any uncertainty environment is other factors that can trigger the rise in the market. Currently, Bitcoin’s closes above $ 69500 will be the confirmation of the rise.
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