Main notes
- SHIB benefits from the powerful ETHEREUM performance as both cryptocurrency coins participate in the same Blockchain ecosystem.
- Technical analysis reveals the formation of a golden cross with the average average number of moving averages for a period of 13 days above the average 49 days.
- The bulls must defend the support level of $ 0.0000125 to reach the resistance goal of $ 0.000016.
Sheba Eno
Gray
0.000013 dollars
24 hours fluctuation:
5.9 %
The maximum market:
$ 7.59 b
Folder. 24h:
$ 262.36 m
She continued to climb up on Tuesday, July 15, and gained another 2 % to reach $ 0.000014, which is the highest since May. This last step comes like ethereum
Eth
$ 2 974
24 hours fluctuation:
1.7 %
The maximum market:
$ 358.77 b
Folder. 24h:
$ 38.79 b
A 16 % weekly increase recorded, bypassing Bitcoin
BTC
116 dollars 748
24 hours fluctuation:
4.6 %
The maximum market:
$ 2.32
Folder. 24h:
$ 70.83 b
7 % gathered during the same period. This renewable momentum at ETH leaks into ETHEREUM projects such as Shiba Inu.
Shayba Eno average transaction volume Source: IntTHEBLOCK
Data on the series from InTotheblock It emphasizes a major shift in SHIB trading behavior. The average volume of transaction on the Shiba Inu network has increased by 350 % in the past ten days, as it has risen from $ 2600 to $ 11,700 between July 5 and 14 July.
This scale measures the average value of the dollar transferred to each network transaction. When the average transaction volume grows faster than the price, it indicates that traders put a larger bet, and often a bullish indicator.
If the momentum continues, SHIB may challenge $ 0.000015 in the upcoming trading sessions.
Shiba Inu Golden Cross signals of the ups and the bulls towards the target 0.000018 dollars
The technical indicators of Kiba Ano are now a continuation of the upward arrangement. A golden cross was recently formed on the daily chart, via the moving average for 13 days above an average of 49 days. Historically, this preparation was preceded by the main outer fluctuations of Shayb.
Shiba Inu price expectations
SHIB price movement has been constantly closed above the short -term support level 0.00001300 during the last four sessions. The MACD chart shows a bullish momentum construction, and the MACD line remains much higher than the signal line, confirming the upward pressure.
If Bulls defends the average support zone 0.0000125 dollars, SHIB may try an outbreak towards a level of $ 0.000016 specific to the graph. The clean face of that resistance can open the door for a quick step towards a local summit worth $ 0.00000018, which was last seen in March.
However, the failure to keep more than $ 0.000012 can lead to a short -term correction of about $ 0.00,001100.
Checalati, before it rises with the brown of momentum
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Ibrahim Ajibad is an experienced research analyst and has a background in supporting the various startups and financial organizations in Web3. He obtained his university degree in the economy while he is currently studying for a master’s degree in Blockchain and distributing a professor’s notebook techniques at Malta University.
The post Shiba Inu Transactions Surge 350% as SHIB Price Prints Golden Cross Signal first appeared on Investorempires.com.
