Speculation is reinforced by the high price of Shiba Inu during the ascending season.October up“With the succession of earnings, which supports the positive expectations of the price of Shiba Inu with an ignition climb. This MG currency has found a technical penetration form that has been pending for five months, because its price has increased by more than 7% since the beginning of the month, without showing signs of slowing down.
It should be noted that the activity of derivatives is increased by the impact of these developments, because Coinglass data show an increase in the volume of open -end contracts of 10% to reach 200 million dollars, a level of last increase in September.
The distribution of centers reveals the trend of merchants to the upward trend, as the speculation rate is at a high price against a drop of 1.17, indicating that 54% of merchants bet on more.
However, this currency still lacks adequate attention compared to the main currencies of the traditional finance sector (traffic). For example, the value of the term contracts open for Shiba Inu is the value of its competitor, Pepe-Pepe, of $ 600 million, which confirms the weakness of the last quarter of the year.
Shiba Inu: an opportunity to lose sight of the market
Technically, this apostasy at the beginning of the month confirms the strength of the minimum support of the similar triangle which has started since May, which is now completely approached with the transformation of the indicators of Momentum in an ascending direction.
We note that the RSI index (RSI) has returned to the neutral line, indicating the strong activity of buyers. The MacD graphic graphic shows a probable shift in the direction, as it approaches a golden intersection on the signal line, which can indicate the start of a long -term increase in the medium -term.
In addition, $ 0.0000145 is the main obstacle to reach the price of Shibanu a clear breakthrough, a level of obstinate resistance which has been hampered since July. Penetration confirmation occurs when this level of resistance turns into a support level, which can open the road approximately 0.000025 to reach a possible increase of 90% compared to current levels.
And if the Shiba Inu part is able to acquire greater participation than the market, in particular by meeting the new registration standards which qualify it as an immediate negotiation producer on the scholarship (spot andps), demand can increase considerably. In this case, the height can extend up to $ 0.00005, an achievement which represents 300% of earnings.
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The price of the price of the price of the Inu-SHIB shiba: an emerging launch in October, and the next step could surprise everyone appeared first on Arab Cryptonews.
