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SHIBA INU (SHIB) shows stimulating brands of recovery with a growth of 8.6 %over the last seven days. While Bitcoins continue to lead the Bull Market of the Crypts, Shib is trying to exceed the main technical resistance that could determine its trajectory for the coming weeks.
In short
- SHIB won 8.6 % in one week and focuses on a resistance of $ 0.000013.
- The volume of exchanges jumped by 14.44 %and reached $ 173.83 million.
- The combustion rate exploded by 3,227 %, with 888.4 million chips destroyed.
- The activity of the whale increased by 95.91 %, which is generally a bull signal.
Shib increased by 8.6 % and tests the main barrier
According to CoinMarketcap data, Shiba Inu currently occurs from $ 0.00001292 after it has increased by 1.94 %in the last 24 hours. The dog crypto now comes against significant psychological resistance for $ 0.00000013, a level that has not been permanently exceeded for several weeks.
The volume of exchanges jumped by 14.44 %to reach $ 173.83 million, testifying to significant interest in investors. This increase in activity comes at the right time to support a potential bull break.
The SHIB community actively contributes to this positive dynamics through the deflation mechanism. Recently, a spectacular combustion rate was reported by 3.227 %, with 888.4 million chips destroyed through the Shibtorch platform. The aim of this reduction in the circulatory offer is to exert bull pressure on the course in the medium term.
Technical and basic signals aligned for a possible flight
Technical indicators offer encouraging prospects for Shib. The Bollinger weekly strips show a significant configuration that often precedes significant movements of prices. Some analysts even mention the increased potential of 100 %if this technical training is confirmed.
The activity of the whale has also seen a significant awakening with 95.91 % increase in the volume of significant transactions. This restored interest in institutional investors generally represents a bull signal for the future of crypto.
Despite these positive perspectives, the general context remains contrasting. The recent report suggests that 82.96 % of the Shib portfolios are currently in loss, illustrating the challenges that the community faces a strong market correction.
The constant development of the Ecosystem of Shibarium, which has exceeded one billion transactions, still offers a solid basic foundation. Some analysts such as Javon brands maintain optimistic projections and evoke a target at $ 0.000081 (or +550 %).
To exceed the current resistance to $ 0.00000013, Shib will have to maintain this favorable combination between increased replaceable volume, permanent combustion activities and the technical development of its ecosystem due to the bitcoin rally.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.