- The SHIB price from YTD is likely to be fallen in the past few days.
- The Trump Token Group on Wednesday increased the possibility of Fomo Memecoin.
The high price of bitcoin (BTC), which exceeds 92 thousand dollars in the past few days, has a significant increase in Memecoin’s trading. The official value of Trump (Trump) doubled in the value on Wednesday, thus renewing the recovery of the mechanics – led by Fluki, Bodji Benglin (Penguin), Dukwin (Doug), and Shaiba Eno (Shayb), among others.
According to CoinMarkketCap markets backed by Binance, the average daily trading in Memecoin increased by more than 102 percent to hover about $ 13.3 billion at the time of this report,
What is the next for the price of Shib
Price Sheba Eno reflected the ethereum pattern closely over the past twelve months. Medium -sized Mimcoin was detained, with a fully diluted evaluation of about $ 7.9 billion and the average trading volume over 24 hours about $ 290 million, in a channel hanging in the past two.
However, the SHIB price, in the daily time frame, is a reverse pattern in the past three months. From the point of view of technical analysis, the SHIB price has a potential pattern for the opposite and the shoulders, along with the bullish difference of the RSI in the daily time frame.
With the daily MACD index on the threshold of stirring to upward feelings, the price of a gray hair is in a good mode for the gathering at least 100 percent in the coming weeks.
The short -term bullish feelings of SHIB may be nullified if Memecoin regains the bottom of the upper boundaries of the falling channel in the coming days.
Market expectations
Shiba Inu Memecoin gradually evolved into a tool -based project after the start of SHIBARIUM Layer. Moreover, more than 18 Defi projects were launched on the Shibarium network, led by Shibaswap and Woofswap.
As a result, the total value of Shibarium Locked (TVL) gradually increased to about $ 2.3 million at the time of this report. The increased activity on the granary chain helped increase the daily burning rate of the Keepa Ino, thus increasing the value of my bearer.
