$SHIB Price is going to take off? Today's upward momentum is really worth noting!
SHIB's price trend looks like it is about to break through the barrier, which makes people in the cryptocurrency circle very excited. In the past 24 hours, SHIB has risen by 6.99% and is now priced at $0.000026, all because more and more people are buying it. Moreover, SHIB's market value is now $15.35 billion, ranking 13th among cryptocurrencies, which shows that its position is becoming more and more important.
However, despite the current rise, there are actually hidden concerns behind it. Although the price has risen, the trading volume has fallen by 11.93% to only $936.54 million. However, the ratio of trading volume to market value is still normal, at 6.08%, which shows that the market is still quite stable and there is no excessive speculation.
When it comes to SHIB's potential, we have to look at its price forecast. From the chart, SHIB has now formed a classic "cup and handle pattern", which indicates that the price may rise above the previous high of $0.00002950, or even higher. There is also a "bullish pennant" pattern, which also indicates that the price may break through, and the target price is quite impressive.
Elliott wave analysis also shows that SHIB is now in a correction phase, but it may usher in a big rise next. Of course, these are all predictions, and it depends on how the market goes.
However, although there are many bullish signals, we should not take it lightly. SHIB's resistance level is at $0.00002950, which is a difficult level. If the price falls below the support level of $0.00002229, the previous bullish forecast may be in vain, and the price may continue to fall to $0.000020100.
Recently, I plan to ambush a potential coin that is ready to explode. It is still very simple to double it. At the same time, I am also preparing to find some potential coins to get to the end of the year. There is no problem with the expected space of more than 10 times. The number of places is limited! If you want to follow up, like + leave a message.
