Shiba Inu jumps 3%: Aims to push DOGE out of top 10

Cryptocurrency Price analysis and Prediction

August 22, 2022

Cryptocurrency Price analysis and Prediction

🚀 Stay Ahead with AltcoinDaily.co! 🌐

Shiba Inu price analysis for August 22, 2022, comes on a bullish note for the world’s 2nd biggest meme coin as it is clear that the token aims to break into an uptrend in the near future. It is also important to note that the meme coin might try to breach the $0.000015 price level if the situation remains the same for the SHIB token. In the last 24 hours, the price of the token jumped by 3% which means that another bullish move is certainly possible in the near future. The nearest resistance for the token stands at the $0.000015 while nearest support is $0.000010.

Also, as noted in our SHIB price analysis for August 21, 2022, the leading meme coin Shiba Inu has continued to hold prices above the $0.000010 price level while also retaining the 12th position in the crypto industry.

The data from CoinMarketCap shows that the trading volume for SHIB has dropped by 40.96% in the last 24 hours, while the market cap of the token has rose by 3.49% in the same duration. Moreover, the Volume / Market Cap Ratio stands at a value of 0.05843, while the Market Dominance of the token rose to 0.72%.

🌟 Unlock Crypto Insights with AltcoinDaily.co! 💰

The daily candle for Shiba Inu opened at a price of $0.00001348 and reached a daily high of $0.00001352. Moreover, the daily low for the token stands at a price of $0.00001335. The price of 1 SHIB at the time of writing is $0.00001346.