HomeBusinessCryptocurrencySHIB clears $0.0000125 resistance but should you buy?

SHIB clears $0.0000125 resistance but should you buy?

The blockchain project SHIB has seen some impressive price action recently, clearing a critical resistance level at $0.0000125. But with the overall crypto market still in a precarious position, is now the time to start buying SHIB? Let’s take a closer look at the recent price action and try to answer that question. Check these trading tips from chesworkshop.org/trading-robots/.

Benefits of buying SHIB at this face?

1. SHIB has recently cleared $. Resistance is a positive sign for the future of the coin.

2. SHIB has a lot of potential due to its unique features and technology you can buy SHIB easily here.

3. SHIB is still relatively new, so there is a lot of upside potential.

4. SHIB is an excellent long-term investment because it has a strong team behind it and a bright future.

5. Overall, SHIB is an excellent coin to buy at this price point.

Price and prediction for SHIB at this moment

1. The current price of SHIB is $0.000024, and the 24-hour trading volume is $322,196,811. The SHIB price has been up 2.81% in the last 24 hours.

2. SHIB’s all-time high is $0.000039, and it has a circulating supply of 10,895,160,000 SHIB.

3. Based on the current price and 24-hour trading volume, we predict that SHIB will reach $0.000032 in the next 24 hours.

4. There is a strong possibility that SHIB will continue to rise in price in the next few days as the market sentiment is positive and there is increasing trading volume.

Things to avoid while buying SHIB at this moment

1. Avoid buying SHIB if you are not comfortable with the high level of risk involved.

2. SHIB has cleared $. Resistance but it is still trading below its all-time high, so there is potential for further upside but also downside risk.

3. Be aware that SHIB is a volatile coin, and prices can swing wildly both up and down, so only invest what you can afford to lose.

4. Do your own research before investing in any cryptocurrency, including reading about SHIB on reputable websites such as CoinMarketCap.com.

5. Never invest more than you can afford to lose, and always consult with a financial advisor if you have any doubts about investing in cryptocurrencies.

How to earn profits by buying SHIB?

SHIB has recently cleared $. Resistance and many investors are wondering if now is the time to buy. There are a few things you should consider before making your decision to buy SHIB.

SHIB has been in a strong uptrend since it was first listed on exchanges in mid-December. The price has risen from around $0.03 to its current price of $0.19. The question is, can SHIB continue this uptrend?

You should look at a few things before deciding to buy SHIB. First, take a look at the market cap. SHIB currently has a market cap of around $4 billion. This is tiny compared to other cryptos such as Bitcoin and Ethereum, which have over $100 billion in market caps. This means that SHIB still has much room to grow.

Another thing to consider is the daily trading volume. SHIB currently has a daily trading volume of around $1 billion. This is very high compared to its market cap and shows that there is much interest in this crypto.

It would help if you also looked at the team behind SHIB. The team comprises experienced developers who have worked on projects such as Zilliqa and Stellar. This shows that they have the experience to develop a successful project.

Overall, SHIB looks like a good buy at its current price. The market cap is still tiny compared to other cryptos, the team is experienced, and the daily trading volume is high.

Final Words

1. Based on the current market conditions and technical analysis, it is recommended that investors wait for a better entry point to buy SHIB.

2. Even though SHIB has cleared $0. resistance, it is still trading below the 20-day and 50-day moving averages.

3. The RSI is also in the bearish territory, which indicates that the recent rally could be just a relief rally.

4. Therefore, investors should wait for a clear breakout above the 20-day moving average before buying SHIB.

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