- SHIB to be accepted as a mode of payment.
- Atomic Wallet made an announcement to SHIB holders.
- SHIB’s lead developer stirred the community.
Amid the soaring high burn rate of SHIB tokens, Shytoshi Kusama, Shiba Inu’s lead developer, created a buzz among the community via Twitter post. A recent message saying, “Keep popcorn on the ready”, sparked speculation among the SHIB community regarding the post that might hint at the approaching launch of Shibarium.
In light of the occurrence, another tweet mentioning a “heart-shaped box” made fans believe that Shibarium might be launched on Valentine’s Day. In addition, per the recent announcement, Atomic Wallet addressed the SHIB holders and shed light on the facility provided by the platform. The announcement mentioned that the holders can now swap their tokens within the noncustodial crypto wallet.
Furthermore, Canada-based payment gateway FCF pay announced that it had added the SHIB triad from the ecosystem to its virtual prepaid Visa and Mastercard cards. Meanwhile, SHIB is now accepted in several countries and various global venues.
SHIB catches the ball
The SHIB prices after rising formed a sideways movement. The volume recorded a blend of buyers and sellers with minimal participation. The OBV rises to display the pressure in the market to be positive. The EMA ribbon floats below the price movement and forms a possible bullish divergence (green circle). If the current price of $0.00001200 cracks out of $0.00001265, a bull run reaching near $0.00001700 can be established.
The CMF holds a spot near the zero-mark to mark the market at neutral stage. The MACD records seller bars in the region below the zero-histogram mark while the lines undergo a bearish divergence. The RSI swings around the ceiling range to cast a declining buyer control.
The smaller time frame suggests the prices to wobble while rising. The CMF shows a movement in the area above the baseline to show staggered bull momentum. The MACD records ambiguous control as the lines entwine and signal neutral. The RSI moves in the upper half range indicating improving buyer pull.
Conclusion
The SHIB fans are bombarded with ample good news within a short period of time. From the launch of Shibarium to Visa approvals, the community is filled with excitement, but the SHIB prices take time to react per the disclosures. The holders must watch for the breakout near $0.00001265.
Technical levels
Support levels: $0.0000079 and $0.0000098
Resistance levels: $0.000013 and $0.000017
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/02/02/shib-prices-climb-up-taking-support-of-the-various-factors/