The play Shiba Inu shows renewed force after its price suddenly increased by 3%, which indicates that the recent recovery acquires more momentum; The increase in the activity of the term market and positive technical signals is also based to support this takeover.
Despite the unfavorable circumstances resulting from the transfer of the main owners of currencies, large quantities of them to the platforms, the atmosphere of investors seems however – in a continuous improvement. The price of the MG currency exceeded the level of correction of fibonacci 23.6% after its decline in the months of May and June, making gains of 5.4% over seven days.
On the other hand, the interest of investors for the derivative market increases. Future open for a room have exceeded Shiba Inu on the 7 million platforms of Shiba Inu for the first time since May 23, according to Velo Data.
This increase in positive financing rates indicates that traders are betting more and more on high prices.
Shiba Inu: a look closely on possible price performance this year
Technical indicators take care of expectations with more price gains. The RSI index increased for 14 days above the level of 50 neutral to 57, and this is its first positive change since the end of May.
In parallel, daily negotiation volumes exceeded the average of 307.5 billion Shiba Inu, which improves the current recovery power.
However, the current increase faces a major level of resistance which can constitute an obstacle to the light of the activity of whales currently opposed, because blockchain data show that only ten governors control half of the Shiba Inu, and several billion currencies have been transferred to commercial platforms, which has raised concerns concerning a possible sale pressure.
Despite this, the support is always solid about 0.00 001175 thanks to increasing purchases in large and frequent quantities. The recent increase in Shiba Inu trade size, which reached 7.25 billion currencies, was a strong test of the level of resistance during the last attempted penetration; In the event that the general mood of the market is transformed into an explicit positivity, the price of the Sheba Ino piece can double at the end of the summer.
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The price of the price of the price of the Inu-Shib Shiba: the activity of the whale has increased with the high price of the currency, are we on an excitement date? APPLERDIRST on Arab Cryptonews.
