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Shiba Inu SHIB is fixing after the latest profits
Shiba Inu blockchain has partnered with the 3rd floor for the Metaverse project.
Cryptocurrency is in the integration zone
The past week has been good for cryptocurrency buyers as most tokens are returned in double digits. But now that investors are making a profit, it’s time to make corrections. Shiba Inu SHIB / USD is one of the tokens of the wave of corrections and short-term investors should be careful.
Recently, little development of Shiba Inu has been done. On July 20, the network announced a partnership with the 3rd floor. The partnership with an American visualization company strengthens the blockchain to its Metaverse project. The Shiba Inu Metaverse is already a closely monitored event. But Shiba Inu investors may be waiting for more than just a partnership. The launch of the Metaverse will be a game changer, but for now, SHIB investors are just guessing.
SHIB / USD has decreased by 4.58% in the last 24 hours at the time of writing. This decline is significant for SHIB as cryptocurrencies are entering a bearish market.
Source TradingView
Technically, SHIB is bearish. The MACD indicator is bullish, but it does not match the technical level. Token seemed to overcome the resistance at $ 0.000012 after breaking through it. It is now clear that it was a false breakout. The bearish reversal resulted in the formation of bear pin bars. We expect prices to continue to fall until cryptocurrencies find support at $ 0.00001.
Shiba Inu tokens are bearish as they are modified with key resistance. SHIB will continue to fall and may find support at $ 0.00001. Investors should consider selling now for the opportunity to buy lower with support.
As the fix progresses, the Shiba Inu will blink the bear’s signal what’s next? First appeared in the Coin Journal.
