🚨 The Shiba Inu coin may not have the exciting price action it had in two thousand twenty-one, but it does have a great deal of community power and many overly optimistic people. I'll explain it below!! 🔥
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👇 What are we going to talk about in today's SHIBA video?
⏰ CHAPTERS:
0:00 Introduction Shiba Inu.
1:58 Shiba Inu could be gearing up to do the same.
3:25 Shiba Inu could be, and I have to emphasize the word "could" because there's nothing guaranteed in finance, on the verge of an upward movement if this support line holds.
5:05 Well, if Shiba Inu continues to hold this support level, and if the whales keep accumulating, we could see an upward movement at some point in the future.
6:25 Armstrong states that Coinbase has sought to collaborate with the SEC but has encountered difficulties in obtaining clear answers and specific guidance on regulatory concerns.
7:25 Conclusions Shiba Inu.
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The Shiba Inu coin may not have the exciting price action it had in two thousand twenty-one, but it does have a great deal of community power and many overly optimistic people, and that's a dangerous combination because when the price starts to rise again, when the Shiba Inu coin starts moving up, it will be one of those assets that absolutely has the potential to explode like we've never seen before.
Today I came across a couple of very interesting articles that talk about the calm before the storm and the fact that the Shiba Inu coin is about to skyrocket, others talk about the fact that the Shiba Inu coin is on the verge of a breakout. I want to go over some of these reasons because at first glance, they may seem like the rampant optimists out there, but they really have some holding power and they really indicate that the Shiba Inu coin could break out and I want to compare it to what's happening with Terra Luna Classic in the last few days or so because we could be doing the same thing with Shiba very soon. If it sounds like something you're interested in, let's get started.
We know that Terra Luna Classic has had some phenomenal days, rising approximately 30 to 40 percent in a single day, dropping a little as traders take profits today, but nonetheless, it has had a massive upward movement in terms of the overall cryptocurrency market, as the overall cryptocurrency market is not rising at all.
The price of Bitcoin remains stagnant, if not slightly retracing, and Terra Luna Classic is inspiring investors and traders. Shiba Inu could be gearing up to do the same. Let's quickly go over that and then we'll delve into this article. Obviously, we've dipped a bit after the bad news about Binance and Coinbase, but in the end, we're at the same prices as a few months ago.
What happened with Terra Luna Classic and, of course, has some fundamentals in place and in the ecosystem, in terms of proposals and operations on Binance, and so on, but Terra Luna Classic formed multiple lows, double low, triple low, quadruple low, and when the bears couldn't push Terra Luna Classic lower, it started shooting up and rose from a support level to the next resistance level. If we look at Shiba Inu right now, the remarkable thing about Shiba Inu and Terra Luna Classic is that they have relatively similar support and resistance levels.
We know that Terra Luna Classic was hovering around 8,000 points per coin, and Shiba Inu is at 800 points per coin. The resistance level in Terra Luna Classic was around 12,000, and the resistance level in Shiba Inu is 1,200 points per coin.
