Shiba Inu (SHIB) The higher same piece shows a strong bullish potential with a confirmed double background model and an increase in open interest.
Shiba Inu (SHIB) Price prediction for February 23
After a noticeable price drop after crypto turning 1.4 billion dollars in Bébit, the overall cryptocurrency market seems to be recovering. In the midst of that, Shiba Inu (Salogner), the popular and the second largest piece of memes, is ready for a significant increase in the point of a bull price action model for the daily time.
Technical analysis of Shiba Inu (Shib)
According to an expert technical analysis, SHIB seems bullied because its daily graphic forms a double -back price action model. In addition, its technical indicators have flashed up a bullish divergence, signaling an upward momentum of potential.
Strengthen these perspectives further, the same piece has also formed a captivating candlestick motif, strengthening its bullish potential.
Prix prediction Shib
Based on the action of recent prices and historical models, if the meme piece closes a daily candle above the level of 0.00001565, there is a strong possibility that it can rise by 30% to reach the level of $ 0.00000020.
During the rally, the meme piece initially jumped 10% to confirm the double -bottom model. Once this scheme is violated, the same piece could continue its momentum to reach the level of $ 0.00000020.
Despite these upward perspectives, the same part remains below the exponential mobile average (EMA) on the daily time, indicating that the asset is still in a downward trend.
Current price momen
Shib is currently negotiating nearly $ 0.0000,1565 and increased by more than 5.10% in the last 24 hours. However, during the same period, its volume of negotiation fell by 32%, indicating a lower participation of merchants and investors compared to the day before.
Mixed metrics on the channel
With this bullish price action, feeling among traders and long -term investors seems to differ. Data from Rinsing suggests that traders are optimistic because they seem to take advantage of the current prices dynamics, resulting in an increase in long positions and a 6% leap in the open interest of the same corner.
Meanwhile, long -term holders threw their assets. According to data, exchanges have experienced an influx of $ 1.21 million in memes in the last 24 hours, indicating a potential sale.
By combining all these measures with a technical analysis, it seems that the bulls are currently dominating the asset, and the memes piece could soon soar.