As the crypto market continues to exhibit weak price movements, it seems that the market opening this week seems to be giving a positive signal on most cryptocurrencies especially Bitcoin (BTC) which has broken the resistance level around $ 40,000.
‘Doge Killer’ or Shiba Inu is one of the cryptocurrencies that investors are worried about after making consecutive all-time lows (ATL).
However, Shiba Inu triggered a surprise by seeing an upward momentum of over 40% in the last 24 hours while overcoming the rise of Bitcoin (BTC) and Ethereum (ETH).
The impact of the rise was driven after Coinbase Pro announced the listing of Shiba Inu yesterday, trading will begin this week on June 17 at 9AM Pacific time (PT).
Inbound transfers for CHZ, KEEP & SHIB are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin on or after 9AM PT on Thurs 6/17, if liquidity conditions are met. https://t.co/r2L6N477Uj
- Coinbase Pro (@CoinbasePro) June 15, 2021
The trade will not be available to residents of New York and Singapore, as noted.
Next, examine the price movement on the SHIB/USDT cryptocurrency chart.
The price movement is seen still playing in the support room to try to break the resistance zone of $ 0.000012 after being tested several times.
According to crypto analysts' forecasts, it is expected that a high rise will occur if the resistance level is passed and will lead to the next SBR (support become resistance) zone.
However, if the price movement continues to show a bearish pattern and breaks the support level around $ 0.000006, the price movement is expected to continue the decline to the latest all -time low (ATL).
