Shiba

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Shiba Inu

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The post <a href="https://coinpedia.org/price-analysis/shiba-inu-coin-shib-traders-confidence-grows-0-000015-coming/">Shiba Inu Coin (SHIB) Traders Confidence Grows, $0.000015 Coming?&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Shia Inu coin catches the Whales’ attention after the monthly drop to 15.95% triggers a buy-the-dip opportunity. SHIB has already shown a reversal from the downtrend by moving from a weekly low of $0.00001346 to the current price of $0.00001413.&nbsp; 
Shiba Inu’s price today is at $0.00001413 with 2.62% in 24 hours.&nbsp; 
<h2 class="wp-block-heading" id="h-whales-entered-the-shib-in-the-dip-nbsp">Whales entered the SHIB in the dip&nbsp;</h2> 
As per a notable metric MVRV ratio (Market Value to Realized Value) Shiba Inu is currently undervalued and is an open buying opportunity.&nbsp; 
As per the Santiment data Shiba Inu coin’s MVRV ratio for&nbsp; 30 days is -1.7 and for 90 Day is -24.07.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcoS2cYIgPRxp4461NJpRLy6wLqQOr5azfLQiyVjyciUUFMFw1mlZ3V3a5Jpq3uAU9uRF57kDxyrNxtXEDN-JHrT84Aj6dtnV37Nlr_4cYpYEOtqCWUZdLc45LNOm_JmkdFSTgIyTraregjfvA8RIYMevnC?key=zwL3Kst_Q0x60ymhrxR-vQ" alt="">
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This reading indicates that the Shiba inu coin price is lower than all of its coins in circulation, and this is a clear entry time.&nbsp; 
SHIB lovers large buyers grabbed in the opportunity to accumulate this meme coin, supported by the positive market sentiment and fundamentals.&nbsp; 
As per the Data from IntoTheBlock, it can be seen there was around 125% surge in SHIB transactions between $100,000 and $1,000,000 in a month.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXduIckt_gKipNZ3fJrP9AVMivcblQ9c8gevsCe9jTd5qICu66fOM7kgmyp3Bc4UslOn0mLRVBayyCiokB3JggVidWsytfjrRa53bvGyhtrGkgbSa1QcPnfS_yDS6BJjex2LLCVjxiQmJjTjXIwFXl2Bpw28?key=zwL3Kst_Q0x60ymhrxR-vQ" alt="">
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This can be seen in another report of the Intotheblock that shows how large holders or whales are holding the SHIB, and not selling it.&nbsp; 
A rise of nearly 220% was seen in the large holding in the last 30 Days. Also, a drop of 65% was seen in the outflow of Shiba Inu coins, indicating reduced selling pressure.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcIDgumSKS5yT9Ah2oi_A2j5edJAqw-2uEUgtojZAqCgwtwKoArUPVCPmOr7LZJBKYw8z_BSojAfuDBFvAKLqsKXjZdFEfEdCES0ExoWNyDiUIJ4dVI25_GT2vA8XZO8TadzHiOzZIqDlxP3Pg2x0nzcb4?key=zwL3Kst_Q0x60ymhrxR-vQ" alt="">
</figure> 
<h2 class="wp-block-heading" id="h-shiba-inu-price-prediction-breaking-0-0000148-will-shoot-up-more-nbsp">Shiba Inu Price Prediction: Breaking $0.0000148 will shoot up more.&nbsp;</h2> 
Shiba Inu’s increasing whale interest and retailers’ confidence will hold for a few more days as the new DAO program is on release.&nbsp; 
However, the technical indicators paint a different picture.&nbsp; 
The SHIB/USDT, chart shows the asset breaking downward resistance on 19th August is a bullish move, and forms a downward channel in the latest sessions.&nbsp; 
The RSI at 46 is in a neutral state, showing an upward face with and Chaikin Money Flow (CMF) indicator that shows the flow of money into the asset is rising from a negative state.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd0H7lj4tmT8COLPoQIdflHdFIWtN2gBq8PfLGx1XS-hGyZPADykJv17zCvwDD1Sv36DpGQbbDqYpBElJO82qAw7mec6edD1HEfz9Gyd_2tbqaTP6CDtU03929GVVVtyZymOJxAaEA_1XgBN65pfyuaGxK3?key=zwL3Kst_Q0x60ymhrxR-vQ" alt="">
</figure> 
The current readings reveal the trend is changing steadily upward but only a break above 100% Fibonacci of $0.0000148 is crossed by breaking the downward channel, SHIB can be considered in a valid bullish trend.&nbsp; 
Traders can hamper Siba Inu’s price by watching the channel and CMF indicator, if these turn breached SHUB will make $0.00001472 the first resistance, $0.0000151 the next, and a strong one above $0.00001602.&nbsp;

Shiba Inu Coin (SHIB) Traders Confidence Grows, $0.000015 Coming?

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