Doge's crypto challenger Shiba Inu is waiting for investors who are expected to return to action in the market.
Shiba Inu has shown its positive performance in the August trading session, producing a 45% jump to its latest high of $ 0.00000888 a few days ago.
Interestingly, several exchangers have started listing Shiba Inu on their platforms recently, one of the most popular being the eToro exchanger.
We've listed $ SHIBxM 🚀
Hit the link to see what we're talking about 💬
- eToro (@eToro) July 29, 2021
Investors are monitoring the movement of Shiba Inu's value which has been seen to increase gradually in recent times where its market value has also increased positively.
Next, examine the price movement on the SHIB/USDT cryptocurrency chart.
The price movement is seen still maintaining the positive price movement and is trying to break the $ 0.00000800 resistance level which is hard to break by SHIB.
If SHIB manages to pass the resistance level, a higher jump is likely to occur and the SBR (resistance become support) level around $ 0.00000820 will be the next target to be tested before making a higher rise.
However, if the price movement again shows a bearish pattern, the price movement will again test the RBS zone (resistance become support) around $ 0.00000780 either making a rebound or continuing the decline to a lower level.
At the time of writing, SHIB is trading around the $ 0.00000799 level with a trading volume of over $ 365 million in the last 24 hours. Coins are currently ranked 41st in the crypto market.
