Shiba In Coin | SHIB Needs To Maintain This Major Level!

 

  1. Introduction: 

Now, at the moment, Shiba Inu coin is doing very well to maintain support levels around 3000 points per coin. Yes, we may be fluctuating a little bit above, we may be fluctuating a little bit below. But Shiba Inu coin is doing very well to tread water, especially knowing that whales are currently selling off. Now, guys, this could be a huge, I guess, positive for Shiba Inu coin. If some of the whales do sell off, retail is able to buy up and retail who is willing to hold Shiba Inu coin clearly is indicated by the 200 plus day hold time on coinbase. It could be a huge positive for Shiba Inu coin moving forward as there's less impact from those large sellers.

 


  2. Technical Analysis Warning: 

But I do want to talk about some technical analysis that says Shiba Inu coin could be breaching and falling through that 3000 point per coin level of support just so that everybody can prepare. So if it sounds like something you're interested in, let's get started. Let's get started.

 

  3. Investment Opportunities: 

What's up everybody? I'm clay. I'm here to make 2024 the best year ever. If you haven't clicked that subscribe button, make sure to subscribe to the channel. Join us. Become a bro. We are here every single day. We are growing our portfolios together. Now, look, because we're brand new to investing, you don't know how or where to buy stocks and crypto. You got a link in the description below for we will. Super simple to set up your account. Any deposit, you guys getting at least six free stocks, up to twelve free stocks, and you're gonna be earning 5% on your cash balances.

 

  4. Support Level Analysis: 

Boom. Boom. Like cue the ominous music here. Get some articles being written. The Chiba inu coin may be falling through support levels. Now they're calling it a resistance level, but it's a support level. Shiba Inu coin on the verge of losing major resistance levels and it should say support there it says Shiba Inu coin might lose crucial support levels and drop down. Shiba Inu coin is on the verge of losing the 3000 point per coin price threshold. This point has been crucial for Shib as it is struggling to maintain its position above this threshold. This breakdown will most likely lead to a crucial price reversal.

 

  5. Potential Price Movements: 

And I agree, if we do lose this support level, which is not guaranteed, but if Shiba Inu coin does fall through 3000 points per coin, we we could very easily going back down almost 20% to test that 24 2500 point per coin level of support that we were testing just a couple of days ago. When we look at Shib's price chart, we can see that the price went up sharply not too long ago. But now that the excitement is less and the price is going down towards the impact level of 3000 points per coin, if Shib's price goes under this level, it might keep going down even more.

 

  6. Market Analysis: 

And you know what? Some of these guys, they word these articles very, very vaguely. Well, it might keep going down. Clearly it might keep going down, but technical analysis says that's what it is likely to do. So it's actually probable that if Shiba Inu coin breaks down through that support line, it will go down even further. Now, if it bounces off, beautiful, we might be on our way back up. Or we will probably be on our way back up to test a level of resistance as opposed to a level of support.

 

  7. Conclusion and Investment Strategy: 

But anytime these support levels are broken, think of them like ladder rungs, not ratter lungs. I don't know what a radder lung is, ladder rungs. And if you breach one, you got to go down to the next one. If you go to the upside, if you go to the upside, you got to go up to the next one before you can make your next step. Support levels, support floors are the exact same way if you're going down, and resistance levels are the exact same way if you're going up. Technical traders love to test break and immediately go test the next level of resistance or support, it says. But there's also a chance that Shib's price could go back up. If people start getting interested in Shib again and buy more of it, the price could rise well above the 3000 point per coin mark. Exactly. But here's where we are right now.

 

  8. Outlook and Call to Action: 

Bitcoin is just treading water around $70,000 per coin. And that's hard. I mean, think about that $70,000. Last year it was at like $20,000. If you're talking about aetherium, Ethereum is trading water run at 3500 point per coin or $3,500 point per coin. Dollar, not points. $3,500 per coin. On Ethereum, I'm so used to saying Shiba Inu coin says the most likely reasoning behind this would be general market reversal, which could absolutely come from the bitcoin having guys. People could get so excited about the bitcoin halving taking place at the end of April that all of this nonsense about falling through support levels could be a thing of the past. So definitely keep that in mind as well. There are major catalysts out there that could be sending the cryptocurrency market to the upside. What happens next with Shiba Inu coin will depend a lot on whether more people want to buy or more people want to sell. Now, I'm not going to scare you with this, but social media search volume and social media analytics are down greatly on Shiba Inu coin over the last couple of weeks. Guys, Shiba Inu coin on March 5 spiked at a level of 100 in terms of search volume on Google, it is back now, back down now, bouncing back and forth between seven, eight, and nine. That indicates that over 90% of the search volume has disappeared. People were here for a price rally and they were here for literally a day. It is absolutely crazy to see how quickly they fell off. Says the overall mood about the meme coin like Shiba Inu coin can also make a big difference. In general, the meme coin industry is getting more strength. However, ethereum based meme coins are not yet gaining enough traction. Leading chains for meme coins are base and Solana right now. And you know what? Solana is getting a lot of attention. Meme coins on Solana are absolutely destroying it. Yes, but shiba Inu coin remains king guys. Almost 4 million holders. Shiba Inu coin is doing very, very well to continue growing steadily. Yes, we have to deal with the price fluctuations along the way. So let me know what you guys think about it down in the comments. And if that button right there still red, make sure to click it. Subscribe to the channel join us become a bro. We are here every single day. We are growing our portfolios together. Claybro 883 everywhere. Six to twelve free stocks on Webu, Kucoin and Binance. Free discord. And until the next time, hope to each and every one of you have an awesome day. Let's get started.

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