Shiba

Verge

Read

Shiba Inu

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The price of the popular meme-inspired cryptocurrency<a href="https://u.today/24-trillion-shiba-inu-shib-in-24-hours-are-whales-bullish" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> has come to a point that can be described as nothing short of "now or never." According to the Bollinger Bands indicator, the Shiba Inu token has hit the median line, a fixation below which could result in a painful drop of more than 17% to the lower end of the range. Currently, the lower of the Bollinger Bands is at $0.00002326 per SHIB, while the token itself is currently quoted at $0.00002826.
Bollinger Bands, a popular technical analysis tool, measure market volatility and identify potential overbought or oversold conditions. The indicator consists of three lines: a moving average, an upper band and a lower band. These bands expand or contract based on price fluctuations, providing traders with a look into potential breakout or breakdown points.
That said, the opposite is also true, where an upside exit beyond the median, and holding there for however long a period of time, could open a path up for the<a href="https://u.today/10-trillion-shiba-inu-shib-in-24-hours-not-impressive" rel="noopener noreferrer nofollow">Shiba Inu token</a> - as high as $0.0000333 per SHIB. <img src="https://u.today/sites/default/files/inline-images/SHIBUSDT_2024-12-13_19-21-01.png" data-entity-uuid="730211a0-c7ac-46e1-a543-f0ac5d400bee" data-entity-type="file" alt="&quot;&quot;" data-caption="Source: <a href=&quot;https://www.tradingview.com/x/zNAh9dCF/&quot;>TradingView</a>">
In other words, there are two options for the capacitated cryptocurrency in the short term - either a 17% drop or an 18.3% rise. The chips are now on the bears' side as this very median passes $0.0000283.
The coming weekend will be crucial as<a href="https://u.today/shib-on-track-to-hit-0000081-plus-180-shib-team-believes" rel="noopener noreferrer nofollow">SHIB’s price</a> activity determines whether the cryptocurrency will succumb to bearish pressure or rally toward higher levels to the start of the new week. For now, the market sentiment appears to lean bearish, with the median acting as a pivotal resistance level. <a href="https://u.today/shiba-inu-shib-on-verge-of-17-crash-according-to-bollinger-bands" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Shiba Inu (SHIB) on Verge of 17% Crash, According to Bollinger Bands

U_Today

Other articles published on Dec 13, 2024

Bit Global Files Lawsuit Against Coinbase For Delisting WBTC

XRP Holders Will Be Filthy Rich Because of This (2024-2025 Price Prediction)

Bitcoin (BTC) Investor from Satoshi Era Captured and Sentenced to Two Years in Prison!

Bitcoin’s Role in Investment Portfolios: A Divided Perspective

Elon Musk Strikes PEPE Community With Unexpected Hot Tweet

CoinShares predicts 2025 will bring major gains for Bitcoin and altcoins under Trump

Join our free newsletter for daily crypto updates!