The Shiba Inu price prediction was strongly bullish a few days ago but the failure to break the 4-month old bearish order block was a setback
The Shibarium Network was also in a healthy spot. The Total Value Locked rose massively in recent days to cross the
An increase in new addresses was also seen on the network, which could lead to an uptick in demand and popularity.A bearish order block was highlighted at the $0.00002-$0.000022 region that has been in play since June. This area was retested in July, and then again a few days ago.While the price dropped 14.7% in three days from the recent local high, it might not be too worrisome for investors with a high time horizon.The MACD also underlined strong bullish momentum.
The Shiba Inu price prediction is bullish in the long term, provided the $0.00002 resistance zone is flipped to support in the coming weeks.Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinionAkashnath Sumukar works as a Senior Journalist at AMBCrypto. Based in Chennai, India, he has been an avid follower of the cryptocurrency market since Bitcoin’s boom and bust cycle of 2017.
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