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Experts of the portal u.today said: the rate of cryptocurrency Shiba Inu (SHIB) is in stagnation and this is a catastrophic state of affairs for traders. The fact is that this virtual asset has always been popular with market participants, as it is always highly volatile. This allowed to get a good profit in the shortest possible time. However, the last days of price fluctuations were no more than 2-3%
Experts told when such a scenario could end. In their opinion, this must necessarily happen, since interest in a digital asset was often based on the fact that it was extremely speculative. Even 4 days ago, on September 9, 2022, the SHIB course began a sudden rally and rose by almost 20% in less than 48 hours. This was due to the global recovery of the entire digital asset market.
However, then the momentum weakened and the cost of SHIB returned to the values of last week. At the time of writing, Shiba Inu is testing the trendline support level at just above $0.0000125. Experts said that in the event of a sharp surge in trading volumes, the price rebound from this value could be a signal for a new rally upwards. But, the current activity of the network does not portend such a scenario in the coming days or even a week.
Analysts examined the cryptocurrency chart and said that the SMA and EMA moving averages are slowly linking to each other, which could still indicate a potential surge in trading activity in the near future.
As of 13:40 Moscow time on September 13, 2022, the SHIB meme token could be purchased for $0.0000128. It lost 2.09% compared to the figures of the day before.
Earlier, the editors of the Crypto.ru reported on the possible reasons for the growth in the cost of Ravencoin, which has risen in price by 77% in 7 days.
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