Shiba Inu (SHIB) The upper MeMe coin shows strong bullish capabilities with a sure -bottom pattern and high open attention.
Shiba Inu (SHIB) predictions on February 23
After a significant price decreased after the $ 1.4 billion encryption theft, the total cryptocurrency market appears to be recovered. Amidst this, Shiba Inu (SHIB), the famous and second Mimi currency, is preparing for the important bullish momentum due to the pattern of bullish price movement on the daily time frame.
Technical analysis of Jiba Eno (Ship)
According to expert technical analysis, SHIB seems bullish because the daily chart is an upward pattern of double prices. In addition, its technical indicators may flash upward, indicating a potentially higher momentum.
With the increase in the enhancement of this view, the M -currency also formed a loud pattern in the candles, which enhances its upward potential.
Predicting at SHIB price
Based on the movement of recent prices and historical patterns, if the Meme currency closes a daily candle higher than the level of $ 0.00001565, there is a strong possibility that can increase by 30 % to reach a level of $ 0.000020.
During the gathering, the Mimi currency initially increased by 10 % to confirm the double bottom pattern. Once this style is violated, Meme can continue with its upward momentum to strike 0.000020 dollars.
Despite this bullish view, the Meme currency remains less than the Si -moving average (EMA) on the daily time frame, indicating that the original is still in a decline.
Current price momentum
SHIB is currently trading near $ 0.00001565 and has increased more than 5.10 % over the past 24 hours. However, during the same period, the trading volume decreased by 32 %, indicating a decrease in participation from merchants and investors compared to the previous day.
Mixed standards on the series
With this bullish procedure for prices, the feelings between traders and investors in the long run appear to differ. Data from Coinglass It indicates that traders are optimistic, as they seem to benefit from the current price momentum, which increases long situations and jumped by 6 % in the open attention to the Mimi currency.
Meanwhile, their long -term holders were throwing their property. According to the data, the stock exchanges have seen a $ 1.21 million flow of Meme during the past 24 hours, indicating possible sales.
Combining all these standards with technical analysis, the bulls seem to dominate the assets, and it can rise the M.
