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Shiba Inu tokens have been integrated since May.
The “meme” cryptocurrency has been regarded as a doge coin killer.
SHIB needs to overcome the main resistance in order to think that it can suppress bullish movements.
The Shiba Inu SHIB / USD is a noteworthy coin as the market sentiment remains weak. In particular, coins are showing signs of recovery. Prices have been integrated between $ 0.00001 and $ 0.000012 since May. Cryptographic tokens fell below the integration zone in June, but recovered a few days later. We believe $ 0.000012 is an important resistance zone for investors looking to buy a Shiba Inu.
Shiba Inu has often been advertised as a Doge coin killer. Labeling is done because it resembles Dogecoin. Both ciphers are considered “meme coins”. The Shiba Inu created a sensation overnight in 2021 and ended the year as one of the most searched ciphers. In many cases, SHIB and Dogecoin have been driven by social media references rather than fundamentals. Interest in cryptocurrencies remains subdued, and the two coins are facing a sharp sale.
Source TradingView
Technically, Shiba Inu is in integrated mode. 14th and 21st moving averages have been added to the support. The price has returned to support at $ 0.00001 after hitting resistance. However, historically, SHIB has been very volatile. In the smallest news, resistance can quickly be exceeded. At this time, no immediate trigger is found and the price may remain restrained. When investors want to buy SHIB, they need to pay attention to the $ 0.000012 resistance.
Shiba Inu is a popular meme token along with Dogecoin. SHIB, along with major cryptocurrencies, crashed this year. Meme tokens are currently being integrated. Investors should look at $ 0.000012 for a bullish confirmation before buying.
Post-Shiba Inu show promising signs, but the first appearance in the CoinJournal should be high with key breakouts.
