Shiba Inu price poised to jump by 20% as SHIB on-chain metrics turn bullish

  • Shiba Inu price is holding above crucial support.
  • In the meantime, on-chain metrics suggest that SHIB could be bound for a bullish impulse.
  • If buy orders pile up, the meme-coin might rise by more than 20%.

Shiba Inu price seems to be trading above a critical demand barrier that may have the strength to see it rebound

Shiba Inu price looks poised to rebound 

In the following video, FXStreet's analysts evaluate where Shiba Inu price could be heading next as a few on-chain metrics turn bullish.

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.