LIVESHIBA INU (SHIB) Analysis - April 14, 2024
Current Price: $0.0000219
24H Change: -11.92%
24H Trading Volume: $1,862,698,368 (Up 57.09%)
Price Trend for April 15, 2024:
Based on the current price chart and technical indicators, the price trend of SHIB on April 15, 2024, could be as follows:
SHIB price is likely to continue decreasing in the short term.
Reasons:
Overall Market: The cryptocurrency market is showing a slight downward trend, especially Bitcoin (BTC) is under selling pressure after failing to break through the key resistance zone of $62,000.
SHIB often tends to follow BTC. Therefore, when BTC decreases, SHIB is also likely to decrease.
RSI indicator: Currently at 42, indicating that SHIB is in the oversold zone.
However, there are also some positive signals:
Increased trading volume: SHIB's trading volume in the past 24 hours has increased by 57.09%, indicating that investor interest in this coin is still high.
Whales are accumulating: Some analysts believe that whales are accumulating SHIB waiting for BTC to recover and then PUMP SHIB price.
Are whales accumulating SHIB waiting for BTC to recover and then PUMP?
It is very difficult to determine exactly whether whales are accumulating SHIB or not. However, there are some signs that this may be happening:
High trading volume: SHIB's trading volume in the past 24 hours has increased significantly, indicating that there may be participation from large investors.
The proportion of trading value of whales increases: The proportion of trading value of whales (determined by wallet addresses with large amounts of SHIB) has also tended to increase in recent days.
SHIB price is relatively cheap: Compared to other cryptocurrencies, SHIB price is currently at a fairly low level. This could make it an attractive target for large investors.
However, it is important to note that these are just analyses and predictions based on current data. The cryptocurrency market is always volatile and unpredictable, so investors should do their own research and make their own investment decisions.
