SHIB enters the opportunity zone, is it about to wake up? It is expected to rise sharply!
The price of Shiba Inu Coin (SHIB) has been falling, which has "dissuaded" many investors. But then again, this low price is also a good time to stock up.
Shiba Inu Coin investors are in urgent need of cheering up
Since the beginning of March, the price of SHIB has been like sitting on a slide, sliding down, and investors' confidence has been worn away bit by bit. Once the price fell, the market reacted greatly, and many people chose not to play with Shiba Inu Coin.
Seeing the price continue to fall, everyone's enthusiasm for participation has also dropped to the freezing point. Both new and old investors have lost a lot of interest in cryptocurrencies, the trading volume has decreased, and the market is not lively.
SHIB's 30-day MVRV is now -8%, which is a bit of a loss, but it also means that there may be many people waiting to buy. From historical experience, when SHIB's MVRV is between -8% and -18%, it is often a sign that it is about to turn around. If you buy it at this time, you may be able to pick up treasure.
Shiba Inu Coin (SHIB) is "dozing": When will it wake up?
In recent weeks, SHIB has been like sleeping, and the price has not moved at all. It is swinging in a very narrow range, without any fluctuations, which makes people anxious.
If SHIB can stock up more in this low price range, it may rebound later. It is possible to rise to $0.00001473. If this price can be stabilized, SHIB's rise may continue.
But then again, if SHIB cannot break through this resistance level, it can only swing back and forth between $0.00001473 and $0.00001281. In this way, the hope of bullishness is slim, and the bearish sentiment will be even heavier.
In terms of time, if SHIB can break through the resistance level of $0.000015 in the next two weeks, we may see it move.
In short, SHIB's price has been falling for so long that investors have almost run away. But looking at the current MVRV ratio, this low price is a good time to buy. I think SHIB may trade first in the short term and stock up.
If you want to discover more altcoins that can become excellent altcoins like SHIB, you can click on the avatar to follow me, and I will lead my fans to discover these altcoins with unlimited potential!
