It seems that the collapse of the Shiba Inu (SHIB) price is inevitable: Can bulls do anything?
The two days are the most unpleasant week, and the cryptocurrency market proves the entire day. With the opening of the securities market in the United States at its lowest level in three weeks, prices in the encryption market were severely hit with 349.34 million dollars in 24 hours. From that, $ 293.79 million is long jobs.
What is currently drawn on the price plans of many cryptocurrencies does not seem very encouraging, and many indicators doubled. For example, the crypt -inspired currency, Shiba Inu (SHIB), found a strong resistance recently on a 23 -day moving average and lost 5.83 % of its value in the past 16 hours.
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What’s more, with the disappearance of the bulls and the bears assumed, it appears that the gray hair is destined to test the appetite of buyers, at least at the level of $ 0.0011, which is less than 23 % of the current price. Very painful perspective, right?
Whether this is the beginning of the end, or whether the end has already happened, the issue of speculation remains. Few expected this result in December or November, when euphoria seized the market. Many major titles have indicated that February is the beginning of the most prosperous period for the encryption market, and this is already the case, according to historical trends.
What is an end game?
But what kind of mind games? Is it a strategy to get rid of paper hands and colors? Is it really the transformation of the model, contemplating the bull market and the Altcoin season can be doubled to zero now?
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The encryption market is rarely an understandable place, and it is better not to predict but rather a response. Therefore, although SHIB is currently tending to a lower support level, things can change with the one -hour candle.
