- Shib was consolidating, with a rebound probably as soon as the market recovers.
- Is this the perfect time to buy the dip?
Two large whalehorts have dumped shiba inu trillions [SHIB] Coins since the peak after the $ 0.00003343 elections, causing a sharp fall of 53% is caused.
Because Shib loses its critical support level, there is now more than half of his holders in the red.
However, there is a silver lining. This graphic blinks a strong buying signal. But will the bulls come in, or will it go back to the pre-election levels?
Shib is at a crucial moment
Shib was stuck in a tight reach last week, with strong support for $ 0.00001550. The volume has risen by 20% compared to the previous day, which indicates buyers who come in.
Without whale support, however, a rebound remains far away for this memecoin. Unless that changes, consolidation probably seems until the wider market turns green.
The Memecooid sector fell by 7% on the day, but the 5% DIP from Shib looks tame compared to double digits rivals. The volume is nowhere near the highlights of $ 7 billion of the last cycle, which strengthens the idea that there is no breakout yet.
Source: Santiment
But if Shib holds this support, the signs of a bullish reversal will be impossible to ignore.
So, is this the golden chance?
Nothing is ever certain for Memecoins. With some confronted with almost triple figures monthly losses, the market has become risky.
The usual frenzy for fast profits is missing, so that Shib’s long -term process is uncertain. However, history points to an important battlefield – strong resistance to $ 0.00002400.
Source: TradingView (Shib/USDT)
There is potential brewing, with RSI that touches ‘extreme’ lows and MacD blinking bullish.
Without stronger accumulation, however, Shiba Inu is likely to remain a range between $ 0.00001500 and $ 0.00001775.
However, if the momentum shifts, however, this can be the ideal time to ‘dig’ the dip for an outbreak.
Credit : ambcrypto.com
