Shiba Inu (SHIB) Back on Support: What's Next?

U.Today
U.Today

27 Jun 2023 5:00 PM

Shiba Inu returns to strong support level after unsuccessful attempt to break through...

  • Shiba Inu (SHIB) has seen a surge in price, but its short-term trajectory depends on whether it can maintain the 21-day EMA support level.
  • BLUR NFT marketplace has witnessed a surge in volume and market capitalization, driven by the resurgence of interest in the NFT market and its cost-effectiveness.
  • ARB has broken through the 50-day EMA and reached a local high of $1.2, coinciding with the awakening of significant dormant whales on the ARB market.

The article presents a mix of positive and cautious sentiment. While there is excitement around the surge in prices and market activity for SHIB, BLUR, and ARB, the article also highlights the importance of maintaining support levels and not relying solely on one metric for investment decisions.

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You May Ask

What is the significance of the 21-day EMA support level for SHIB?What factors have contributed to the growth of BLUR NFT marketplace?What is the current price level for ARB and what does it indicate for traders?What cautionary advice does the article offer for investors?How does the awakening of dormant whales on the ARB market impact the crypto ecosystem?

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