At the moment, SHIB trades at a stronger level since breaking above the vital resistance zone at $0.000007 over the last session, testing $0.000009 briefly before a slight drop. This optimism comes after Coinbase Pro stated that it would list the meme coin soon. With that move, Shiba Inu would likely attract increased interest among crypto traders. Keep in mind that the entire crypto market has been struggling for the past few weeks.
Over the past few days, the online petition concerning Coinbase SHIB listing drove crypto forums, and it is like enthusiast’s efforts paid off. Although various crypto analysts continue to view Shiba Inu as joke crypto, its fans remain engaged and active, trying to drive the coin’s usage higher, attracting renowned crypto exchanges such as Coinbase. At the moment, crypto traders can access SHIB tokens on the Coinbase platform. If you want to experience other meme coins apart from Dogecoin, you can try SHIB.
For now, the online cryptocurrency community is on another petition, this time aiming to get Robinhood to list Shiba Inu. Although created some three weeks ago, the petition has attracted signatures from more than 148K petitioners. With a few thousands of signs, it will be among the popular supplications on the Change.org platform.
While publishing this content, SHIB/USDT trades at about $0.0000088. The DOGE alternative has surged by around 27% since the last session. As a result, SHIB is among the active digital coins in the current crypto market.
Key Levels
At the moment, the SHIB market indicates increased bulls. On its four-hour daily chart, SHIB/USDT has almost all its moving averages, MACD and market momentum signals a bullish attitude. After breaking the $0.000007 resistance over the last session, the meme asset overcome another resistance level at $0.0000085.
The next vital zone lies at $0.000010. However, with increased bullish momentum, buyers could drive the asset’s price over this level. However, if investors storm the markets to take profits, SHIB could see its price sliding down to around $0.0000085, with a possibility to decline to $0.000007.
We have more about the crypto market coming. Stay tuned
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