It seems that those who have not invested in Shiba Inu (SHIB) during the recent decline in prices may suffer from fear of losing it, or Fomo as it is known in the cryptocurrency market.
According to the famous Bollinger Bands Index, the price of the crypt -inspired currency has reached what might be a local bottom after losing 14 % since Tuesday. When it reached $ 0.00001462 on Friday, the SHIB price jumped by 9 %, but most importantly is that it did not touch a lower range of the famous index.
For those who do not know, the Bollinger difference consists of three curves, with an average number of 20 days such as the base, the lower straps and the top as deviations from them. As a result, the indicator creates a range of happiness through which traders can estimate the origin of the price of the original.
When the SHIBANU icon touches the bottom range on an older time frame, its movement makes the chances that the SHIB will rise higher than its decrease, although it is not placed in the stone and there can be such events last week with huge qualifiers.
Related
However, in the weekly timetable, this collapse caused the SHIB price to touch the lower range, and then rose by 28 % during the next six days.
If the SHIBA Inu code price has already found a bottom, its next goal may be the mediator, which currently exceeds $ 0.0000178 on the daily time frame and 0.0000217 dollars on the weekly time frame. This step up to at least 13 % and 38.9 % at most. If SHIB is able to withdraw such a trick, FOMO will be felt during the entire market.
