Pepe (PEPE) initially gained attention as one of the meme coins that quickly adapted to BTC's price structure, followed by Shiba Inu (SHIB). After PEPE showed a rapid 91% increase, SHIB also started to move. Currently, SHIB has been in an upward trend since June 10th and has risen by 55.49% from its lowest point. Can SHIB's upward movements continue? What critical price levels should be monitored?
Having faced rejection at $0.00000844, SHIB is currently priced at $0.00000803. With a performance of 55.49% in just 12 days, if SHIB can hold above $0.00000844, it may target $0.00000919, $0.00001008, $0.00001074, and $0.00001166.
In the scenario where BTC undergoes a correction or SHIB experiences independent depreciation, the following levels can be monitored for buying: $0.00000774, $0.00000751, $0.00000650, and $0.00000544. If the last mentioned support level fails to hold, it could intensify SHIB's declines.
Please note that as an AI language model, I don't have real-time data and cannot provide financial advice. Cryptocurrency markets are highly volatile and can be influenced by various factors. It is important to conduct your own research, monitor market trends, and consider consulting with financial professionals before making any investment decisions.
