Shiba Inu falls to crucial level that prompted 100% rise in July, will this repeat? SHIB $SHIB ShibArmy SHIBCommunity Crypto
briefly added an extra zero to its price tag on Sept. 18 as it touched the key support near $0.000009, from where it rallied nearly 100% in July. Shiba Inu gained nearly 100% when it rebounded from July 12 lows of $0.0000098 and reached highs of $0.0000179 on Aug. 14 after a steady climb.At the time of publication, Shiba Inu was down 10% at $0.0000102. Shiba Inu saw a faint rebound after dipping to lows of $0.
It follows an unanticipated increase in inflation in August. Contrary to what economists predicted, the consumer price index climbed by 0.1% for the month and by 8.3% over the previous year. Investors now anticipate that the Fed will maintain higher interest rates for a longer period until prices decline.
As Shiba Inu remains correlated to the general market movement, it might be necessary to watch out for"macro bottoms" to predict SHIB's next price move.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Shiba Inu Lead Developer Provides Important Update on SHIB Burning Mechanism.ShytoshiKusama announces updates on ShibaEternity burns, Shibarium and the future of ShibaInu shibarmy shib $shib
Leer más »
Shiba Inu (SHIB) Failed To Bounce, Here's What Comes Next$SHIB took a big hit this week, falling below the important threshold, but there is still hope for a recovery
Leer más »
Long-Awaited Shiba Inu Game Launched in Australia, Fans Say It Would Just Make Money on SHIB NameA new SHIB-themed game has been released in Australia but some SHIB fans doubt that it is of any use to the network and community
Leer más »
Shiba Eternity Game: Australia Might Be 'Last Test Location,' Says SHIB Lead DevSHIB lead dev says Australia might be the 'last test location' for SHIBA Eternity game ShibArmy SHIBCommunity
Leer más »
Whopping 1.1 Trillion SHIB Sold by Whales as They Rush to Get Rid of Shiba, Here’s WhyA record amount of Shiba Inu has been dumped by ETH whales over the past three days, here’s what drove them to do that
Leer más »