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The Crypto market stays in accumulation zone after a recent overall capitalization drop from $1 Trillion. Shiba INU—The second largest Memecoin based on market cap—is developing its ecosystem and working on multiple projects.
Recently Shiba Eternity team announced the worldwide launching date of their game on October 6. Shiba INU is looking forward to entering in Matevers, which increases the figure of people participating. This official announcement will drive the buyers’ attraction to SHIB in the 4th Quarter of 2022.
The official Shiba Eternity worldwide Download Day has been scheduled for October 6th, 2022.
— Shib (@Shibtoken) September 30, 2022
This will allow us to accomplish the following:
📽 Announce the 30 Second Spot Winner on October 1st, 2022.
📖 Release the entire lore of Shiba Eternity on October 1st, 2022.
🧵1/3 pic.twitter.com/NPtEfhDhln
Amid ecosystem development, many big investors keep eye on the price momentum of Shiba INU. Notably, the Shiba INU coin is widely held by the top 1000 ETH-holding addresses. This key factor may drive the Shiba INU price Prediction to August’s highest level of $0.000018 ahead.
🐳 The top 1000 #ETH whales are hodling
— WhaleStats (tracking crypto whales) (@WhaleStats) September 26, 2022
$133,680,683 $SHIB
$85,729,954 $BIT
$56,294,393 $UNI
$53,383,743 $LINK
$48,716,406 $MKR
$40,400,960 $LOCUS
$39,950,196 $MANA
$38,496,248 $BTR
Whale leaderboard 👇https://t.co/jFn1zIOq03 pic.twitter.com/L8bzuPoNDu
Shiba INU Price Prediction displays upcoming rally in price
Shiba INU is staying at $0.0000112 Mark during publishing against the USDT pair. Although price is performing well for a short-term perspective and buyers are going to acquire the dominance in their hands.
The 4-hours price chart is showing support for an advancing structure over the past several days. This high-low formation remains above the upward trend line (yellow). Big whales are watching the resistance, once the price breaks its immediate resistance at $0.00000115, the price will retest the August month high before any pullback.
The SHIB crypto remains near an immediate resistance level, but the bulls also have a key hedge area near the $0.0001010 area. At this point, if the price turns lower, the bears may try to avoid a sell-off. Interestingly, there is a clear upside position for the bulls to drive the bullish trend.
Shiba INU Price Stays Below 20-SMA
The Shiba INU price prediction suggests a rapid bullish rally above the recent bullish hurdle. Also, buyers are struggling at the 20 day moving average. Bullish confirmation will be strong if price sustains above 20-SMA (white).
Conclusion
However, Shiba INU price moves higher above bullish trendline but due to low trading volume buyers continue getting rejection at $0.0000115-resistance. The Shiba INU price prediction indicates a rapid bullish rally after a 20 day moving average breakout.
Support level – $0.000010 and $0.000007
Resistance level – $0.000014 and $0.000018
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.