4 Major SHIB Catalysts in Place This Past Week
The past week has been interesting for SHIB. We have some great catalysts in place. With these catalysts SHIB feels bullish. Let’s see what type of momentum we can build up going into the weekend. The direction of BTC and these catalysts can paint a more clear picture of SHIB for us.
Newegg supporting SHIB payments announcement came out. They have a giant billboard with SHIB on it. This is good for awareness.
Shytoshi’s announcement for SHIB gaming with William Volk at the lead kicks off SHIBs foray into the metaverse of gaming. Play to earn games are a big thing now and it is exciting to see SHIBs take on it. With the SHIBArmy 1m strong their is a large community ready for it.
Lastly the announcement of SHIB listing on Kraken the US second largest crypto exchange is very big news. This past week SHIB moved over 9b in volume in a day. That gave us a very nice breakout.
Oh and one more thing in Latin America the Mercado Bitcoin listing is also big news. This comes two days after the Kraken announcement. This just goes to show how worldwide SHIB is becoming.
We are continuing to see major growth for SHIB. With these catalysts all in play we see a bright future ahead. Will SHIB be able to maintain its momentum?
This chart is from today. Looking at the 4 hour chart it’s not so pretty. We have fallen though our support level at .000046. Could it fall lower before it bounces back up. We have very solid support at the .000036 level. Notice on the 1 day where SHIB has bounced of .000036 several times. I’d still like to see us stay around that .000046 mark. Resistance is strong at the .000052 level.
In short we can see a bigger dip before a rally to the upside. With the catalysts mentioned above I see SHIB bouncing back up and I’m still feeling bullish from what I see on my side.
We could see some sideways movement and some dips before a major rally maybe mid December. But before we can predict that let’s watch and see how we get through the weekend.
Bulls on Parade… but their are some hungry bears. Keep it lit.
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Note: do your due diligence. Don’t make financial decisions based on my charts. I’m not a financial adviser. Just a guy with an ukulele who loves crypto. With that own your decisions. I’m not responsible if you get rekt. Crypto is high risk and high rewards. Play at your own risk.