Shiba Inu is among the canine-themed tokens circulating in the cryptocurrency market at the moment. The best thing with this coin is that it is cheaper, allowing investors to get more for less. SHIB joined the crypto waves to improve the imitations that Dogecoin had. With that, the meme asset gained popularity within no time.
SHIB has increased its value by 2.5% over the last 24 hours to trade at $0.00000704 at the moment.
Shiba Inu managed to recovers slightly from its losses since yesterday. However, the crypto token still trades beneath the $0.00000750 resistance zone. That means that SHIB has to register more gains to confirm bullishness.
For now, the broader market support is essential for SHIB to break over the resistance at $0.00000750. Moreover, the coin has to maintain an upward move since any declines might strengthen bearishness.
Meanwhile, if SHIB faces rejection at the pivotal resistance level, it has chances to retreat to the $0.0000070 and further. With such moves, Shiba Inu investors should prepare for massive losses.
SHIB had had immense volatility over the last few days as the broader market saw pullbacks. With that, investors can expect the price to move either lower or higher in the coming sessions.
However, most analysts trust that July is SHIB’s month with the multiple developments within its network. First and foremost, the long-waited July 20 virtual party might send SHIB higher past most of its resistances.
Also, ShibaSwap performed beyond what market players expected. The network launches multiple trading pairs to boost liquidity. Some of the recent crypto pairs added on ShibaSwap are ETH-USDT, LEASH-BONE, and SHIB-Bone. These pairs will increase use cases and promotes SHIB’s adoption.
Where to Purchase SHIB?
If you think that SHIB is worth your money, you can try your luck with these exchanges:
With this crypto exchange, you will access popular trading pairs and virtual tradeable coins. Some of the features that draw investors to this platform are low fees and copy trading.
KuCoin is another platform that you can use by SHIB. The exchange supports multiple altcoins and boasts many lucrative features. Also, KuCoin has lower trading fees.