Price Analysis

SHIB Price Surges More than 12% Amid Listing On Robinhood App! $0.00003 Appears Imminent Any Moment from now

Written by: Sahana Vibhute

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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Apr 12, 2022

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Highlights

    Shiba INU price undergoes a huge upswing after the rounds of listing on Robinhood outspreads within the crypto space

    The path towards the immediate highs at $0.00003 appears pretty clear as the ShibArmy are now poised of the upcoming spike

Yet after a bearish weekend and the slumping beginning of the fresh week trade, finally some rounds of good news from the space. The much-awaited Shiba INU listing on Robinhood App spike the memecoin which was more or less stagnant for a long time. The ShibArmy’s multiple attempts of listing the token on the popular exchange now appear to be fruitful. And hence a significant uptrend towards $0.00003 appears fast approaching. 

After the listing of Dogecoin(DOGE), the call for listing SHIB intensified with multiple campaigns and petitions. Initially, many speculated that the rounds of listing were just a rumour. But soon when the SHIB trading began along with the other tokens like Solana (SOL), Polygon (MATIC) and Compound(COMP). The listing on Robinhood is expected to turn the tables for the Shiba INU price rally as the memecoin has already begun to sail high with double-digit gains. 

With the huge jump of more than 18% since the early trading hours, SHIB price has accumulated huge gains. Interestingly, the bears remain distinct and hence a significant uptrend may be continued until the end of the day’s trade. The price has successfully breached the crucial resistance at $0.00002545 and is trading above $0.00002650 at the press time. 

However, maintaining the current pace, if the price slices the upper resistance at $0.00002750, achieving $0.0000300 may not be a tedious job. The indicators to point out toward the uptrend may uplift the Shiba INU price above the strong resistance very soon. Nevertheless, after a huge influx of a buying volume, the asset tends to undergo a slight pullback. And hence in such a case, $0.00002750 may act as strong support to ignite a strong flip. 

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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