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Is Now the Time to Buy Shiba Inu? Crypto Analyst Says Yes

Published 06/07/2024, 07:42 PM
Updated 06/07/2024, 08:15 PM
Is Now the Time to Buy Shiba Inu? Crypto Analyst Says Yes
SHIB/USD
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  • Popular crypto analyst Thescalpingpro has urged his followers on X to buy SHIB during its current dip.
  • SHIB’s trading volume has decreased by 43% to $397.78 million over the past week.
  • SHIB faces strong resistance at $0.000026, where many traders tend to sell. Holding above $0.000025 is crucial for another upward push.

Crypto analyst, Thescalpingpro, has urged investors to buy Shiba Inu (SHIB) during its current dip. In an X post, the pseudonymous analyst emphasized that this might be the last opportunity to buy SHIB before a potential price increase.

Shiba Inu is currently trading at $0.00002529, reflecting a 1.43% intraday dip and a 2.18% decline over the past week. SHIB’s trading volume has also fallen by 43% to $397.78 million over the same period. Similarly, its market capitalization has dipped by 1.50%, reaching $14.88 billion.

According to TradingView data, SHIB’s price has shown relatively stable movement with moderate volatility this month. The price consistently finds support around $0.000022 and encounters resistance at $0.0000…

The post Is Now the Time to Buy Shiba Inu? Crypto Analyst Says Yes appeared first on Coin Edition.

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