CandleFocus SHIB Surges 11%; $0.000021 Price Outlook for Next Week
2024-11-10
Author: Content Editor
Shiba Inu (SHIB) has seen a rally of over 11% this week, leading to speculation about whether it can reach the critical $0.000021 level. The token has shown strong buyer interest and has pushed through resistance points. The convergence of moving averages has caused speculation about a potential "golden cross" signal, which could further push the price up. The holding time of transacted coins has increased, indicating growing confidence and a more long-term investment approach among SHIB holders. Over half of SHIB addresses are currently holding the token at a profitable level, suggesting a strong base of financially motivated holders. The current positive sentiment and solid support around the $0.000018676 level indicate a strong chance of surpassing the $0.000021 resistance. However, if the token fails to sustain its position above the $0.000018676 support, it may experience a retest of lower levels.
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