Shiba Inu (SHIB) is going great guns and in the past one day the prices have surged unbelievingly by 30% and reached an intraday top of $0.00001766. The high-spirited action by whales who are hoarding the canine based coins in an unprecedented way.
On Chain data provider Santiment detailed the meteoric rise of Shiba Inu and said that in one day the meme coin has surged 34% while the crypto sector has been flat. The whales have been super active and 433 transactions valued at $100k+, the most in 4 months has been effected.
As of press time, Shiba Inu (SHIB) is currently trading more than 15% up at a price of $0.00001561 and the major surge in prices came in the last 2 day
Shiba Inu Values Surge as per Charts forms a “cup-and-handle” pattern leading to this price jump. According to Investopedia a cup and handle is the shape of the graph with cup in the shape of a u and the handle positioned in a downward movement.
Shiba Inu (SHIB) Price Surge To Continue
Analyzing the chart above reveals the probability of Shiba Inu (SHIB) prices travelling in the direction of the arrow in the next price breakout. The possibility of Shiba Inu surging by another 50% is very high. It is expected that by September 2022, the SHIB prices could reach $0.00002253.
Shiba Inu (SHIB) has been steadily increasing in its stature and last week the biggest crypto exchange, Binance has added its support for SHIB on all of its payment cards issued in the European market. The Binance card holders can now pay with SHIB with 60+ million merchants worldwide. Users will not be charged any FX charges and will also receive 8% cashback.