Shiba Inu (SHIB) gained significant attention and hype as a meme-inspired cryptocurrency. However, as time passed, investors began to seek projects that offer more than just a fleeting trend. Tradecurve (TCRV) has positioned itself as a platform focused on innovation and long-term sustainability, offering promising returns of 50x during presale only!
Shiba Inu (SHIB) Price Analysis: Will Support Hold or Break in Favor of Bullish Trend?
Shiba Inu (SHIB) has finally reached the support line of a long-term pattern, which will determine its future trend by either bouncing or breaking down.
Based on the latest daily analysis, the Shiba Inu (SHIB) token price has dropped by 0.12% in the last 24 hours. As a result, Shiba Inu (SHIB) is currently trading 2.91% below its 7-day all-time high price of $0.00000892 and 2.12% over its 7-day all-time low of $0.00000848.
With the RSI currently at 45 and declining, conflicting Shiba Inu interpretations arise. Yet, the SHIB token has also entered oversold territory, and historically, such instances have often preceded substantial upward movements.
A breakout from the descending channel is expected to trigger an upward price movement of the SHIB token toward the resistance line of the long-term triangle, with an average price target of $0.0000130.
On the other hand, a bounce at this support level would propel the Shiba Inu price toward the resistance line of the triangle pattern.
Should the Shiba Inu (SHIB) price break down, it will invalidate the year-long structure, signaling the beginning of a new bearish trend.
And should the SHIB price break below the support line of the triangle pattern, a significant drop toward the nearest support area at $0.0000057 could ensue.
Tradecurve Offers More Bullish Forecasts and Stable Returns
Tradecurve (TCRV) revolutionizes the trading landscape as a groundbreaking hybrid exchange platform, enabling users to seamlessly trade diverse assets such as stocks, cryptocurrencies, commodities, and forex all under one roof. This pioneering approach offers unprecedented convenience within the crypto market.
Remarkably, Tradecurve eliminates the need for burdensome KYC requirements, allowing users to trade anonymously with just an email account and a crypto wallet. By combining the finest aspects of centralized and decentralized trading platforms, Tradecurve dismantles entry barriers that have long plagued the crypto market, heralding a massive influx of new traders.
This innovative platform empowers traders to deposit cryptocurrencies and use them as collateral for trading derivatives without relying on fiat currency. Consequently, users can maintain complete anonymity and privacy while profiting from the burgeoning crypto market. Additionally, TCRV token holders will reap numerous benefits on the platform, such as generating passive income streams, engaging in copy & algorithmic AI trading, learning from seasoned traders at Tradecurve’s upcoming metaverse trading academy, and more.
To access these cutting-edge features and services, simply create a Tradecurve account using your email, connect your crypto wallet, and select a cryptocurrency for depositing. Once completed, you can stake your cryptocurrency and privately trade derivatives.
At present, the native token of Tradecurve (TCRV) is valued at $0.012 in Stage 2 of its presale. Astonishingly, TCRV is forecasted to yield 50x returns during presale and an additional 100x gains after being listed on exchanges.
Owing to its immense potential and unparalleled freedom, industry experts predict that Tradecurve will soon rival major CEXes like Binance and Coinbase. The exponential growth potential of this trailblazing platform is both undeniable and incredibly promising.
Learn more about $TCRV presale tokens:
Website: https://tradecurve.io/
Buy presale: https://app.tradecurve.io/sign-up
Twitter: https://twitter.com/Tradecurveapp
Telegram: https://t.me/tradecurve_official
