The struggle of Bitcoin to surpass the $38,000 resistance level has affected the altcoin market, including Shiba Inu (SHIB). SHIB, a popular meme coin that was launched in August 2020 and quickly skyrocketed by an unbelievable 10 million percent, creating dozens of new millionaires, recently formed a local peak at $0.00000965 and is currently consolidating within two converging trend lines since last week. This formation indicates a potential breakout of the $0.00001 barrier for SHIB, potentially helping it reach new highs.
比特币试图突破 38,000 美元阻力位的努力影响了包括 Shiba Inu (SHIB) 在内的山寨币市场。 SHIB 是一种流行的模因代币,于 2020 年 8 月推出,迅速飙升了令人难以置信的 1000 万%,创造了数十位新的百万富翁,最近在 0.00000965 美元处形成了局部峰值,目前自上周以来正在两条聚合趋势线内盘整。这一形态表明 SHIB 有可能突破 0.00001 美元的关口,有可能帮助其触及新高。
Shiba Inu Price Analysis
柴犬价格分析
In the past 30 days, the price of Shiba Inu has experienced significant growth, rising from $0.00000612 to the current trading price of $0.00000863, representing a 30% increase. However, this upward trend encountered resistance around the $0.00000965 level, coinciding with a period of increased uncertainty in the market.
在过去的30天里,柴犬的价格经历了显着的增长,从0.00000612美元上涨到目前的交易价格0.00000863美元,涨幅达30%。然而,这一上升趋势在 0.00000965 美元水平附近遇到阻力,恰逢市场不确定性增加的时期。
This led to a temporary pullback, reaching a level of $0.000008, which corresponds to the 50% Fibonacci retracement level. In the context of a long-term bull run, this pullback is generally seen as a healthy correction.
这导致暂时回调,达到 0.000008 美元的水平,相当于 50% 斐波那契回撤水平。在长期牛市的背景下,这种回调通常被视为一次健康的修正。
When examining the 4-hour timeframe chart, it can be observed that this consolidation phase has formed a continuation pattern known as a “flag.” Typically, this formation involves a brief period of horizontal movement before a definitive upward breakout. If SHIB breaks above the upper trend line of this flag formation, it could potentially target $0.0000150 as the initial price objective, representing an 18% potential gain.
在检查 4 小时时间框架图时,可以观察到该盘整阶段已经形成了一种称为“旗形”的持续模式。通常,这种形态在最终向上突破之前会经历一段短暂的水平运动。如果 SHIB 突破该旗形形成的上部趋势线,则其可能将 0.0000150 美元作为初始价格目标,即 18% 的潜在收益。
Comparison of SHIB and DOGE Performance
SHIB和DOGE性能比较
When comparing the price behavior of SHIB with its main competitor, Dogecoin (DOGE), over the past three months, it can be seen that DOGE has shown stronger momentum, consistently forming new highs and lows. On the other hand, SHIB is struggling to surpass the $0.00000969 level. Considering the prevailing bullish trend in the market, Dogecoin may offer more favorable opportunities for long positions.
将 SHIB 与其主要竞争对手狗狗币(DOGE)过去三个月的价格行为进行比较,可以看出 DOGE 表现出更强的势头,不断形成新高和新低。另一方面,SHIB 正在努力突破 0.00000969 美元的水平。考虑到市场普遍看涨的趋势,狗狗币可能会为多头头寸提供更有利的机会。
Meanwhile, SHIB is forming declining lows on the daily timeframe’s Relative Strength Index (RSI), indicating selling pressure. However, the ongoing upward trend in SHIB’s price suggests a higher probability of further upward movement. The converging Bollinger Bands (BB) along with RSI indicate that the market is currently in a typical correction phase before a potential breakout or continuation of the trend.
与此同时,SHIB 日线相对强度指数 (RSI) 正在形成不断下降的低点,表明抛售压力。然而,SHIB 价格持续上涨的趋势表明进一步上涨的可能性更大。布林带 (BB) 与 RSI 的收敛表明,市场目前处于潜在突破或趋势延续之前的典型修正阶段。
Continue Reading: https://en.coin-turk.com/shiba-inu-price-analysis-can-shib-break-the-0-00001-barrier/继续阅读:https://en.coin-turk.com/shiba-inu-price-analysis-can-shib-break-the-0-00001-barrier/