Shiba Inu Price has been stuck in the declining direction for 100 days, which raised concerns among investors about when the mem coin can return to return. With the sale of pressure, dominance on the market, the SHIB is struggling to restore momentum, and thus the question, when the Meme currency will end from its declining direction for 100 days.
The SHIB price trades today at $ 0.0000127 with a marginal increase of 0.7 % in 24 hours.
When will the translator Sheba Ino end for 100 days?
PRICE Shiba Inu was stuck in a continuous landing direction for more than 100 days, as shown in the daily price scheme. This landmark pursues a reduced attention in Meme currencies where encryption traders are away from the most speculative assets.
The SHIB price was its highest level and less than its lowest levels, as the pressure pressure increased. During this period, the maximum SHIB market decreased by more than 50 % from 16 billion dollars to $ 7 billion.
to Rally Rally To happen and nullify this lengthy declining structure, it needs to break the resistance in the descending trend line. The main resistance level is $ 0.0000136, and if SHIB can move above this level, the market structure may turn to the rise.
If SHIB is able to successfully violate the resistance of $ 0.0000136, it will follow a large crowd of 108 %, which would push SHIB to a 79 % level of $ 0.0000286. This gathering is largely dependent on buyers and whales accumulated to buy Mimi currency To pay the price up.
On the other hand, if the Shiba Inu price continues to move within the scattered direction line and fail to achieve the outbreak, the downward trend will continue. This will support the landing Prediction at the price of Shaiba Eno This will drop the Mimi currency to support it at 0.0000108 dollars.
The Chibarium network is approaching the 10 -meter mass record
One of the factors that can pay the SHIBANU price of the bottom direction for 100 days is the growth of Shibarium. For each chibarium, the number of blocks on the network is now 9.94 million, and it can soon reach 10 meters and ignite a large gathering of the Mimi coin.
Despite this growth, the Layer 2 network continues to see the adoption. Data from Devilia It indicates that the total closed value (TVL) on the network has decreased from $ 6 million to about $ 1.81 million, which is approximately six times.
With the decrease in the network activity, the SHIBANU price may continue to face the opposite winds that will extend the 100 -day decrease and push it to the support level of 0.0000108 dollars. However, if the 10 million dollar mass teacher helps increase adoption, it may cause a bullish reflection of SHIB.
Related questions (common questions)
SHIB is likely to end as soon as buyers are re -inserted into the market and the resistance SHIB turns at $ 0.0000286.
Shibarium is close to a major landmark, with a total number of mass is approaching 10 million.
If the Shiba Inu price turns the resistance at $ 0.0000136, this may ignite the price of 108 %.
Metouni
Muthoni Mary is an analyst and writer in the veteran encryption market that has more than three years of experience in dissecting Blockchain trends, price movements, and market dynamics. Through the acute eye of technical analysis and an in -depth understanding of the scales on the series, it provides insightful -based content that helps investors to move in the world of fast -paced digital assets.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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