Cryptocurrency
Shiba Inu (SHIB) Market Analysis and Price Prediction
Saturday. June 22 at 12:00 AM
1 min. readShiba Inu (SHIB) was once a top 10 cryptocurrency but has now dropped in ranking. Market cap and network activity have declined significantly, affecting SHIB's price. The Funding Rate is negative, indicating bearish sentiment. The IOMAP indicator suggests potential support and resistance levels for SHIB. A whale recently bought a large amount of SHIB, hinting at a possible price increase. Traders should monitor the Funding Rate and address clusters to predict SHIB's future movements. While a sideways trend is likely in the short term, a break in support levels could lead to a price drop. Conversely, an increase in short positions could trigger a price bounce towards $0.000020. It is essential to conduct thorough research and seek professional advice before making any financial decisions in the volatile cryptocurrency market.