to leave a comment.
▲ Shiba Inu (SHIB)
Shiba Inu (SHIB) is showing strong rebound signals from its bottom. Analysis suggests it has entered a zone where it could yield over 18% profit in the short term.
On April 29 (local time), U.Today, a virtual asset media outlet, analyzed Shiba Inu's technical indicators. Shiba Inu has currently established a strong support line at the $0.00000075 mark. Experts view this range as a critical turning point for 2026, evaluating it as the last opportunity to cut losses or make new entries.
Chart analysts noted that the Relative Strength Index (RSI) has moved out of the oversold zone. The Moving Average Convergence Divergence (MACD) index is also approaching a golden cross. The likelihood of buying pressure inflow is very high. An 18% rise from the current price could reach the major resistance level of $0.00000089.
According to Shibburn data, the burn rate has recently surged. This is a sign that supply control is being smoothly managed. Along with increased network activity, evidence of accumulation by whale investors has also been observed. Low-point buying sentiment is also spreading among individual investors.
The increase in transactions on Shibarium, a Layer 2 solution, also supports the price increase. However, a cautious approach is necessary as macroeconomic uncertainties persist. Shiba Inu is currently exploring a new price formation range, starting from $0.00000075.
*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
Newsletter
Get key news delivered to your email every morning
to leave a comment.