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Cryptocurrency inspired by the same popular Shiba Inu (Shib) Finds itself in a dangerous position as it pulls the Bollinger bands on the weekly time of the price table.
If you do not know them, consider Bollinger strips as a market stress indicator. They follow how the price moves around a mobile average, tightening when things are calm and widen when the markets become wild. Developed by John Bollinger, this tool has three parts: two exterior curves that show the divergence of prices and a midline which represents the average.
The space between the curves creates a fork that helps traders to assess if an asset approaches an excessive or occurrence condition. It is a way to visualize volatility and identify potential turns on the market.

After a tumultuous in recent days, the price of SHIB has lost the key support at $ 0.00002, set a hollow for the week at 0.0000173 and rebounded at 0.00001884, 8% above the bottom of yesterday. However, first, the immediate return greater than $ 0.00002 failed to materialize, and this signals a power of purchase and a limited purchase ambition.
Second, the price of Shiba Inu jeton did not manage to exceed the median curve represented by the 20 -day mobile average on the weekly price table, and this is what maintains a lower bias for SHIB at the moment.
Scenario for the Shiba Inu Prix (Shib)
The fact that the price of shib remains below the median of the main indicators makes the possibility of revisiting the lower strip, which currently extends to $ 0.00001251, more likely than an increase in the band greater than 0.0000312 $.
If this is the main scenario, it means that the Shiba Inu The token is on the verge of a crash of 33% of current levels. It may not suddenly be, because the weekly time implies a more extensive movement of time. However, this probably happens if nothing changes for shib in the near future.
The level of $ 0.0000,1251 is currently used as a ultimate magnet for the cryptocurrency of the popular meme.