Can Shib Price Protect 150% as Shiba Rockets Ina Rake Shutter Over 3,200%?

Shiba Ina The price was in a strong moment of downward after it was in December last year last year.

Shiba Inu (Shib) has fallen by 61% and crashed at the lowest level of 5. September 2024. years.

This decline coincided with total weakness in the crypto industry, especially Meme coins. Most coins, including Lajkok Dogsoin (Exaggerate), Pepe (Pepe) and Floki (Floki) they fell with double digits.

Shiba Ina The price has three potential catalysts that can push it in the coming days. First, the combustion rate jumped in the last few days. The day of the combustion rate rose By 3,253% to $ 29.3 million March 8. March.

This means that the network was burned over 410 trillion coins since its founding, leaving circulating offers to 584 trillion. Thunder Token is a mechanism in which cryptocurrency is transferred to an inaccessible address.

Second, the Shiba Ina price has become negotiable, according to the grass values ​​of the realized value or MVRV indicator. The data of the Santiment show that the MVRV-Z score collapsed in minus 2.143, the lowest level from August last year. He fell from 2.35. December of 0.35.

The last time the MVRV indicator fell on these levels, he initiated 215% increase in his december heights. It could be a sign that investors will start buying DIP.

Shib Technical

The daily shows that the price of Shib crashed into a key level of support, where it failed to move below four times since July last year. It is a sign that bears are afraid of a shorter coin below that level.

The accumulation and distribution indicator continued to grow, a sign that smart investors buy money. Also, the relative power index and movable average convergence / divergence (MACD) indicators formed a bakarian pattern.

In addition, the Shiba’s price was formed by a decline of wedge of samples, with two lines to converge. Therefore, the coin will probably have a strong bullish break, with the next target to watch that home in December is 0.00003325, more than 155% from the current level.