Crypto Analyst Ali Martinez made a recent prediction about Shiba Inu on Twitter. The forecast stated that there would be a 10% price movement for the cryptocurrency. This caused excitement among the members of the crypto community. Specifically, it brought delight to supporters of the Shiba Inu coin.
However, advisors caution traders to exercise patience while they wait for confirmation. Martinez stressed that a 30-minute candlestick close above $0.0146 or below $0.0142 would determine the direction of the trend.
Martinez’s prediction has generated significant interest in the cryptocurrency community. The dedicated supporters of SHIB, known as the SHIB Army, are eagerly anticipating the realization of Martinez’s forecast.
Shiba Inu Coin Soars 67% with Shibarium Launch
The meme-inspired cryptocurrency continues to create a buzz in the market, exhibiting a bullish trend despite recent market reversal. The community is optimistic and confident in the asset’s future growth, as there is a 20% higher volume of bids compared to asks. The meme crypto remains a topic of interest among market participants.
The 67% increase in the value of the Shiba Inu coin reflects the optimistic outlook. The upcoming launch of Shibarium, a layer-2 blockchain on the Ethereum mainnet backed by Shiba Inus, contributes to this growth.
Shibarium aspires to serve as a layer-2 solution atop the Ethereum mainnet, offering developers an efficient environment for decentralized app development. The aim is to achieve reduced transaction costs and enhanced scalability of the network.
Shibarium aims to empower the community to advance the project’s vision. This has sparked enthusiasm among Shiba Inu community members, potentially driving further growth of the currency.
Indicators like Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) also indicate a positive outlook for the asset.
Additionally, the MACD shows a bullish crossover, indicating a probable continuation of the trend, and the RSI measures the trend’s strength, climbing above 50 levels.
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An analysis of the coin’s current price reveals data from CoinMarketcap indicating its trading at $0.00001412. The weekly chart displays a substantial increase of approximately 20% and provides insights into the coin’s recent performance.
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