Behind the SHIB plunge: crisis or a great time to buy at the bottom?
SHIB's recent performance has frightened many people. The price has been falling all the way, and many investors have chosen to leave the market and wait and see. But you know what? This is the time for us to seize the opportunity.
Since March, the price of SHIB has been like a slide, sliding all the way down, causing market sentiment to cool and trading volume to drop sharply. But from another perspective, the current low price gives us a great opportunity to "buy at the bottom".
There is an indicator called MVRV, which is used to see whether investors are making money or losing money. Now the data shows that most SHIB investors are losing money, which often indicates that the market is about to rebound. Historical experience tells us that whenever MVRV is in this position, the price of SHIB usually rebounds. So now is a good time for us to "pick up the leak".
At present, the price of SHIB seems to be "sleeping" and has hardly fluctuated, but the chart shows that it may be ready to go. As long as it can break through the resistance line that has been pressing it, market sentiment may quickly reverse and prices are expected to rise accordingly. Moreover, with the rise of big guys such as Ethereum and Bitcoin, SHIB may also be able to take advantage of the momentum to rebound.
Personally, I think it is a good thing for SHIB to accumulate momentum in the low price zone. Once it accumulates enough energy, it will have a chance to rebound or even turn the tables in one fell swoop. But if it fails to break through the current key resistance, the price may still fluctuate in this range for a while.
We need to wait patiently and observe SHIB's next performance. If it can break through that key point in the next two weeks, then the good show is really about to begin! In short, although SHIB seems to be in a precarious situation now, opportunities are often hidden at such moments. Let's wait and see if it can fight a beautiful turnaround!
Follow me, master the dry goods in the currency circle, daily spot strategies, and bull market 100 times potential coin deployment, don't miss it!
