SHIB appears to be poised for a major rally
His chart appears to show characteristics of an ascending triangle pattern. This popular pattern is considered bullish due to its formation of higher lows.
At the time of writing, SHIB is trading at $0.0000305 after a 24-hour increase of 1.3%. It is currently in 13th place by market capitalization while its archival Dogecoin is in the 9th spot.According to IntoTheBlock data, a major portion of addresses are currently holding the leading meme coins at prices ranging from $0.000026 to $0.000035. Notably, 44.83% of these addresses are currently turning a profit.
Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shiba Inu Burn Rate Soars 15,608% as SHIB Team Torches SHIB, BONE, LEASHShiba Inu's epic week adds first-ever LEASH burn, massive SHIB and BONE burns
Read more »
SHIB Lead Breaks Silence on Shiba Inu New Mega Deal: DetailsShiba Inu lead Shytoshi Kusama speaks as last piece in collection of Shiba Inu technologies unfolds
Read more »
Shiba Inu (SHIB) Bulls Set New Target, Clearing Another Zero Amid 60% JumpShiba Inu (SHIB) skyrockets 60%, here's next major target to watch
Read more »
Shiba Inu Skyrockets 602% as More Whales Dive Into SHIBWhales get busy with 260.48 trillion SHIB bought at Shiba Inu's major support
Read more »
382 Billion SHIB Mysteriously Relocated as Shiba Inu Price on EdgeShiba Inu witnesses mysterious $10 million major exchange transfer amid SHIB price uncertainty
Read more »
Shiba Inu Wows Community as Major Crypto Exchange Spotlights SHIBShiba Inu hints at bunch of surprises ahead as major crypto exchange highlights SHIB
Read more »