The future of Shiba Eno .. Does technical indicators support height expectations?

Shiba Inu reached its peak last year 2024, then the currency value of the currency decreased by $ 12 billion, from 20 billion dollars to $ 7.55 billion currently.

This significant decline came in conjunction with the price declines in bitcoin and other digital currencies over the past months.

In addition, concerns about an economic stagnation in the United States caused an increase in sales pressure on Sheba Ino, especially amid intensive sales in the Mimal currency sector, however, analysts believe that the last correction in the price of Sheba Ino may be in its last stages.

Approcessing the recovery of the price of Shayba Ino? A number of analysts believe that the price of Sheba Ino may come close to its end.

SHIB burning rates increased significantly by 62,000% during the past 24 hours.

This height came as a result of converting one user 460 million SHIB to a dead wallet, and since the launch of the currency more than 410 trillion SHIB, which reduced the circulating supply to about 584 trillion.

The second reasons for the recovery of Shiba ENO are affected by the total economic trends, and historically, the stock markets and digital currencies witnessed corrections during periods of economic mystery, but these corrections were often followed by strong recoveies, for example, the markets retreated when the Corona was declared, but they quickly recovered strongly.

The upcoming US federal reserve decision on interest rates may have a stimulating impact on SHIB and other digital currencies.

As fears of recession increased, the reserve may indicate more interest rates this year, and historically, cash facilitation policies have led to a good performance of digital currencies, including Bitcoin and Chipa Eno.

The SHIB system continues to grow through initiatives to enhance its benefit, and on February 21, “Shiba Swap, a decentralized trading platform for the project, which represents an additional step in its development.

Lucy, the marketing leader of the Shaiba Eno team, recently revealed important details about the newly launched SHIB OS system, and emphasized its fundamental role in promoting decentralized governance within the Shiba Eno system.

In spite of the uncertainty, the Chipa Eno team remains confident of the growth of the currency in the future, and technical indicators indicate the possibility of a strong rise in the price of the Shibe Shib this year, as the currency formed the “descending” model.

Under this model, the downward trend lines were conducted at about $ 0.00001260, a level that corresponds to the slightest swinging of July, August and September last year.

The RSI Relative Index also hacked SHIB, the downward trend line that has limited its high swings since December. Likewise, the PPO fluctuation index confirmed the bullish intersection, indicating a potential ascending momentum.

With the compatibility of those technical indicators, it seems that the price of the Chipa Ino is ready to achieve a strong penetration, and the next main psychological level that must be monitored is $ 0.000020, which represents a possible increase of 60% of the current levels.