Shiba

Shiba Inu

Trillion

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
In just one day, a huge number of SHIB – 1.44 trillion – was <a href="https://etherscan.com/token/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce" rel="noopener noreferrer nofollow">moved</a> around the network. This could be a sign that SHIB is getting ready for a volatility surge and could finally show bullish performance on the <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">market</a>.
We have seen a lot of SHIB going to different entities like crypto exchanges and wallets. For example, a lot went to Robinhood and Coinbase. When we see this much <a href="https://u.today/6924-billion-shiba-inu-shib-leave-major-exchange-but-destination-is-unknown" rel="noopener noreferrer nofollow">SHIB</a> moving, it could mean more people are getting ready to buy or sell a lot of it, which is a direct source of volatility. This can make the price go up or down quickly. <img alt="SHIBUSDT" data-entity-type="file" data-entity-uuid="155fa4a2-d6ff-424d-9f83-efbb02ae297e" src="https://u.today/sites/default/files/inline-images/image_665.png"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">SHIB/USDT Chart by TradingView</a>
Now, let's talk about the price of SHIB. It looks like SHIB and the whole crypto market are trying to turn things around after a correction. The price of SHIB right now is just above support, at $0.000027. This level is really important because it is the only level that can keep <a href="https://u.today/shiba-inu-shib-to-reach-000003-if-this-pattern-plays-out" rel="noopener noreferrer nofollow">SHIB</a> closer to $0.00003. If the price stays above this level, it might start going toward the yearly high.
The next big test, or "resistance," for SHIB's price is at $0.00002987. If SHIB's price can go past this, the next stop could be up at $0.00003200. But, if it cannot stay above $0.00002707, we might see a test of the $0.00002 price level, which is a critical price drop <a href="https://u.today/shiba-inu-skyrockets-60-in-burn-rate-what-it-means-for-shib-price" rel="noopener noreferrer nofollow">SHIB</a> might not recover from.
Looking ahead, if SHIB can keep up the good work and the whole crypto market keeps getting bullish, we could see the price of SHIB grow like many have been hoping for. It is like SHIB might be stretching and getting ready to run again.

1.44 Trillion Shiba Inu in 24 Hours: Is SHIB Waking up Again?

U_Today

Altri articoli pubblicati su 8 apr 2024

RECQ rises amid fluctuations, draws DOGE, XRP investors

Here’s What To Expect After Bitcoin’s April Halving

Bitcoin Price Could Double to $140,000 in Three Months, Analyst Predicts

Frax Finance dives into DeFi liquidity with $250M USDe allocation

Book Of Meow Price Prediction: BOMEOW Plunges 30% As New Solana ICO Slothana Rockets Past $10M

Toncoin (TON) price hits a new all-time high

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!