Shiba (SHIB) price analysis reveals a key level that triggered a 388% rally in just ten days. Will the sidelined buyers step in and catalyze a bounce for SHIB, the so-called Dogecoin-killer? Shiba Inu Price Approaches Highly Sensitive Level Coingecko’s price data shows that Shiba Inu price is trading at $0.00001288 after dropping nearly 28% in the past three weeks. This collapse brings SHIB closer to a key value area that previously catalyzed a 388% rally. Why is this area important? Shiba Inu price consolidation between May 13, 2022, and February 24, 2024, created a tight range. A breakout from this zone triggered a nearly 400% rally for SHIB, reaching $0.00004567. Adding a volume profile to this range reveals that the value area, where 70% of the volume is traded, lies between $0.00001256 and $0.00000837. The highest traded volume level in this area is present at $0.00001090 and is referred… Read More at Coingape.com
The post Dogecoin-Killer Shiba Inu Price Revisits Level That Catalyzed 400% Rally, Will SHIB Bounce? appeared first on CoinGape.
