$XEC 5x Looks like the explosion is coming soon. From a te | Trade4Profit on Binance Square

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Bullish

$XEC   5x Looks like the explosion is coming soon. From a technical perspective, the Bollinger Bands (BB) indicated that volatility had increased around the token, suggesting massive price rises. I hold but DYOR. $BTC $SHIB 

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BTC

62,929.99

+1.05%

SHIB

0.00001402

+1.08%

XEC

0.00003228

+0.84%

1.1k

0

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$BTC $SHIB Shib is doing fine. A pullback is a temporary pause or dip in an asset's overall trend. It was started by Bitcoin. The term is sometimes used interchangeably with 'retracement' or 'consolidation'. However, a pullback should not be confused with a reversal, which is a more permanent move against the prevailing trend. Recall that Lucie, the Shiba Inu ecosystem marketing specialist, revealed last week that part of Shiba Inu’s meteoric surge in the previous bull run materialized even before Vitalik Buterin’s historic burn. She anticipated a similar performance now that the asset records periodic burns. According to a 2022 publication, a Shiba Inu community member, ‘Queenie’ on X (formerly Twitter) created a hypothetical estimation of the total amount of Shiba Inu tokens that could be burned through the burn portal in a year. According to Queenie, Shiba total supply could be reduced by over 111 trillion in a “bad” year. Do your own research DYOR please.

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$BTC $SHIB Shib price has been steadily climbing since Feb. 24, when it found support at $0.00000934, breaking out of a year-long consolidation range. Currently trading at $0.000044 close to $0.000045, psychological level. If the Shib price manages to sustain above this flipped support, the buyers may drive a rally to $0.00005, followed by $0.000065. This U-shaped recovery hints that the Shib price is emerging from a long accumulation to enter a new recovery trend. Remember, revealing new projects and excessive burning are in this week. DYOR

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