Shiba Inu Price Prediction 15 November 2021 According to Scott Melker

Lovata Andrean

Shiba Inu Price Prediction 15 November 2021 According to Scott Melker
Shiba Inu Price Prediction 15 November 2021 According to Scott Melker

Rancakmedia.com - Shiba Inu price prediction today November 15, 2021 according to Crypto expert and trader Scott Melker claims the Shiba Inu meme currency (SHIB) is ready to rally to an all-time high and expects an epic rally for XRP.

An analyst just told his 110.000 YouTube followers that Shiba Inu (SHIBA) is bullish after taking out diagonal resistance that has kept rival Dogecoin (DOGE) bearish for the past few weeks. Scott Melker said this in a new strategy session.

“I bought it because it broke the charts and I believe it will probably return to highs, this token has a lot of activity. We observed this four hour candle was the largest in recent days, breaking out. I like it. My goal here is ($0,000089),” said Scott Melker.

At the time of writing, SHIB is trading at $0,000053. Strategist Cryptocurrency is also keeping an eye on open-source digital currency XRP, which he claims has also removed diagonal resistance and retested it as support.

According to Scott Melker's chart, XRP is poised to rally to $1,96, reflecting a possible upside of more than 64 percent from its current value of $1,19. As for Bitcoin, Melker said the top cryptocurrency appeared bearish as the relative strength indicator (RSI), which measures the asset's momentum, showed signs of weakness.

Shiba Inu Price Prediction 15 November 2021

“It feels a bit toppy here. That's right, we have a bearish divergence. Bearish divergence on daily [chart]. "That generally happens, especially when coming out of overbought," he added. Previously, according to on-chain statistics, 72 percent of Shiba Inu wallet addresses were reported to have made a profit with a token price of IDR 0,7619.

Additionally, it was reported that only 17 percent of Shiba Inu holders did not make a profit from their initial purchase of crypto assets. They are most likely investors who bought Shiba Inu late when its value fell from its recent all-time high.

Most novice investors are interested in buying cheap and have the opportunity to profit when the value rises again. Data reveals that the concentration of HODLers is close to 78 percent. However, the Shiba Inu baron has been criticized for its strong effect on token price changes.

The high number of profitable wallet addresses stems from the growing popularity of Shiba Inu over the past few months. In particular, the prospect of high profits from this crypto asset has also succeeded in bringing in more HODLers.

For example, between October 10 and November 8 2021, the number of Shiba Inu holders grew 31 percent, from 706.808 to 926.684, for a gain of 111 percent over time. The Shiba Inu token has been gaining more and more users due to factors such as its low price per coin, making it easy to get involved, unlike other expensive assets such as Bitcoin.

At the time of writing this shiba inu price prediction has risen around 4 percent in the previous 24 hours, a weekly increase of 6 percent. But SHIB has witnessed high volatility previously, wiping 7,26 billion USD off its total market value between November 4 and November 10.

The volatility was largely caused by the barons making 4 transfers of 10 trillion SHIB tokens to four separate wallets. At that time, one transaction turned out to be worth 586 million dollars or approximately Rp. 8,3 trillion.

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Lovata Andrean

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