There’s a new alert out for Shuba Inu. Check out the latest reports about the digital asset below.
New crypto alert for Shiba Inu is out
It’s been just revealed that there is a crypto strategist known for his timely altcoin calls says traders looking to suddenly flip bullish on meme token Shiba Inu (SHIB) at current levels should exercise caution.
Pseudonymous trader Altcoin Sherpa said that Shiba Inu might be losing some steam after failing to break key resistance levels.
“SHIB: Lagging to DOGE right now. This current 200-day exponential moving average is acting as resistance and price is pulling back. I’d like to see acceptance above $0.00014 before calling for higher [prices].”
Regarding the token Dogecoin (DOGE), Altcoin Sherpa believes that the red-hot crypto asset has more gas left in its tank even after rallying over 120% in the last seven days.
“DOGE: $0.16 next up, in my opinion. I’m not long or shorting this. Shorting stuff like this is like stepping in front of a speeding train; wait for the lower high to come. Missed this one but love to see it.”
Dogecoin in the news
Not too long ago, we were revaling that Charles Hoskinson says he thinks the leading memecoin Dogecoin (DOGE) should be a sidechain for the Cardano (ADA) network.
With tech billionaire and crypto supporter Elon Musk’s takeover of Twitter triggering some significant rallies in Dogecoin over the last week, Hoskinson says that there’s a real possibility that DOGE could be integrated with the social media platform.
“Now that Twitter is in the hands of Elon Musk I can see a real possibility that doge will somehow merge with the platform.”
He said that the Dogecoin blockchain could also act as a sidechain for Cardano. He says he would do the migration for free and even add smart contract capabilities as the online publication the Daily Hodl notes.
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