search icon
      blog search icon

      SHIBA INU (SHIB) – What is the Chart Showing Us? - Stocks Telegraph

      By Ammar Mukhtar

      Published on

      December 22, 2021

      6:10 AM UTC

      SHIBA INU (SHIB) – What is the Chart Showing Us? - Stocks Telegraph

      At the time of writing, SHIB is being traded at the rate of $0.00003251 with an increase of almost 10.27% within the last 24 hours.

      The low within this tenure was around $0.00003096 and the high was approximately $0.00003256. The coin as being in the watchlist of many traders makes it rank all the way up to number 13th according to the latest data released by coin market cap.

      SHIB made its all-time high in the month of October 2021 where it reached an enormous amount of $0.00008854. At the moment it has a daily volume of $1,977,020,253 with an increase of about 141.63% within the last 24 hours. The total supply of SHIB is now around 589T and the circulating supply is also 549B. SHIB has a dominance of 0.79%.

      The top exchanges for trading it are currently Binance, OKEx, FTX.

      Technical Analysis – SHIBA INU (SHIB)

      SHIB has been one of the highest gainers at one point. We can see that the SHIB has a highly explosive move upwards. This has resulted in the price to achieve new heights and create a new all-time high. We can see that after the price went to touch the ATH, it dropped really fast.

      SHIB - 1D

      The price broke the structure and came down creating lower lows and lower highs. At one point, it had wicked upwards and grabbed the liquidity present above but it soon fell down. Now it can be seen that the SHIB bears are losing steam. Moreover, the price has also mitigated the order block present below.

      Now there is no visible reason for the price to go down again. It is possible that the price of SHIB can long here. For the target, we can look for the wick that happened a few days ago. The price can mitigate half of that candle.

      Price Prediction – SHIBA INU

      SHIB has been one of the most successful meme coins. The people have gained a lot, based on this coin. In the long run, traders are highly bullish on the project. The price is currently at the same level where it was in June and has completely retraced back. According to the wallet investor, SHIB is a good investment. The price of the coin is to reach a value of $0.000088 in a year. In five years, the price is expected to reach around $0.000316.

      More From Stocks telegraph