🚨 Inu (SHIB) has been stuck in a trading range 📊, leaving investors and traders feeling uneasy 😬. $SHIB 🌏⤴️🪙
The price of SHIB has been hovering around $0.0000134 💸, with the 200-day and 100-day exponential moving averages (EMAs) coinciding with resistance levels at $0.00001813 and $0.00001597, respectively 📈.
Traders are being cautious and waiting for a clear directional move 🤔, resulting in relatively low trading volume 📊. This uncertainty has led to a stalemate, with SHIB unable to break out of its trading range 🔒.
However, analysts predict that SHIB will eventually break out of this range 🔓, targeting a price of $0.000072323 🚀.
They recommend placing buy orders around $0.000018343 to capitalize 💸.
Additionally, the inadvertent burning of 2 billion SHIB tokens 🔥 has reduced the circulating supply, which could boost demand and price pressure 💪.
This reduction in supply, combined with the predicted breakout, could potentially lead to an increase in SHIB's value 🚀.