💵 Can $SHIB delete another zero and surpass its ATH? - AMBCrypto Analytics

AMBCrypto identified a support at $0.000022 which bulls have been defending. However, SHIB’s price could be on the verge of slipping below the price.

If that happens, the price of the token might find itself trading at $0.000018. Should this happen, then the token might lose 23.92% of its press time value.

To the upside, there was resistance at $0.000027. A bounce to this level and breakout could lead SHIB to $0.000038 (a 64.01% increase).

In addition, the Network Value to Transaction (NVT) ratio was 153.65. This was a low reading from the period SHIB went on its month-long rally. High values of the NVT ratio indicate that a network is overvalued relative to the transactions.

Thus, the low NVT ratio suggest that Shiba Inu’s network was undervalued when compared with transactions.

Concerning the price, this ratio could validate the predicted increase in the mid-term. However, the price of the token might keep swinging sideways in the short term, and $0.0001 might be an option anytime soon.