Shiba Inu is gathering attention with its recent increasing investor interest and technical indicators. At the end of last year, the mobility and the price increases seen at the beginning of this year increased the expectations for TOKEN. The difference between the current transaction value and the target price determined is around 480 %. This has created a great expectation among investors.
Technical indicators and gold intersection
Shiba Inu’s last 24 -hour price movements, another development, short -term moving average is above the long -term average. This may be a harbinger of the formation known as the technical gold intersection. This formation usually indicates that prices may begin to rise. However, the fact that the short -term moving average is not yet above the existing price means that a definite output signal is not given. At this point, investors continue to expect a stronger signal.
Another important technical indicator is to test resistance levels. The price of Shiba Inu is close to the 50 -day moving average. Exceeding this level indicates that there may be an upward acceleration and trend change. However, it remains unclear when these steps will take place.
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Whale transactions and investor interest
Shiba Inu’s preferred by great investors is another remarkable element. While there is a significant increase in whale processes, large positions are expected to increase the purchase pressure in the market. This can be an important factor in reaching Shıb’s target price. Whale movements show that investors may have an impact on market dynamics. Investors are hopeful that such large transactions can withdraw the price even more in the coming days.
However, the general recovery tendency in the wide crypto currency market can also have a positive effect on Shiba Inu. Especially with the expansion in the crypto money market, digital assets such as Shıb are likely to attract more attention. However, uncertainties about the general market are among the important factors that may affect Shiba Inu’s future performance.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
