Bitcoin (BTC) Could Not Prevent The Rise Of Shiba Inu (SHIB)

Although #Bitcoin  (BTC) has shaken altcoins by creating unrest on the market, Shiba Inu (SHIB) seems determined to rise.

While the price of Bitcoin was moving downwards, the dominance showed the opposite movement, causing trouble for altcoins. Altcoins, especially those that have experienced a significant retreat in the last two days, have reached support levels one by one. However, some projects managed to show an upward trend by challenging BTC. The most notable name among these projects was Shiba Inu (SHIB).

Starting from $0.0000094, #SHIB increased by 25 percent, reaching $0.00001194 within hours. Memecoin, which managed to overcome the resistance levels in volume, retreated slightly after being rejected at the $0.00001194 resistance. SHIB, which is traded at $0.00001077 as of the writing of the news, can make a move to $0.00001159 - 0.00001194 - 0.00001258 and $0.00001294, respectively, if it maintains its current area as support.

If #BTC loosens up to $40,000, the increase in dominance continues, or memecoins remain in the background, the selling trend for SHIB will increase. In such a scenario, a retreat to the $0.00001010 band may be followed first. If the buyers in this range are insufficient, relaxations may occur up to the range of 0.00000900 - 0.00000881.

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