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Memecoins have come to the fore after Ripple (XRP) pushed the crypto market up, at what prices can Shiba Inu (SHIB) rise?
The crypto market, which came to life with the attack of XRP, lost its momentum as BTC fell below 30,000. But the trading volume and crypto investors on the XRP side seem to be turning to memecoins. The price climbs and trends on social media on the DOGE and SHIB side were an indication of this. Continuing its positive pricing, what prices can SHIB reach?Shiba Inu (SHIB) Chart Evaluation
SHIB, which slightly surpassed the $0.00000844 resistance with the reaction from $0.00000694, retreated, unable to hold on to these levels. However, the memecoin, which has lost much less value than most altcoins, continues to trade just below the resistance. Assuming that some of the trading volume in XRP also goes into memecoins, SHIB could target $0.00000844 – 0.00000919 – 0.00001008 – 0.00001074 and 0.00001159 respectively.
The weakening of the Memecoin frenzy or the downward pricing of BTC could push the SHIB price down. In this case, the support zones to watch within the SHIB are 0.00000774 – 0.00000751 – 0.00000694 and 0.00000641 respectively. Losing $0.00000641 will put SHIB in the background.
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