Shiba Inu (SHIB) Consolidates at $ 0.000070 as Coinbase Prepares to List It

The self-proclaimed “Dogecoin killer” continues to make headlines within the crypto sphere, although this time it is not about Robinhood, or nearly so. Coinbase, one of the largest cryptocurrency exchanges and currently publicly traded, announced that it will list Shiba Inu (SHIB) on its platform.

The way the announcement was made was particular: Brian Hoffman, the company’s product manager, public a survey on Twitter where he asked people to give enough “likes” to reach 2,000 and thus be able to list it. Of course, the goal was easily achieved, as it now exceeds 41,300 likes.

Robinhood, for its part, still does not give any indication of wanting to comply with the wishes of the crypto community to list said currency within its platform focused on the majority millennial public, despite the fact that a petition published on has already exceeded 450,000 firms.

On the other hand, the famous American informant and former NSA employee, Edward Snowden, is not satisfied with all the prominence that the “Dogecoin killer” has received in recent weeks.

“I Say This With Love: If you were persuaded to trade your hard-earned savings for ‘dog money’ because a meme said you’d get rich, carefully consider your chances of outwitting a market that even sold you its share of ‘dog money’ but a dog money CLONE, ”Snowden said.

The reactions were immediate and the most resounding was that of the eccentric billionaire and CEO of Tesla, Elon Musk, who mocked with a laughing emoticon in front of the tweet of the American informant who is asylum in Russia.

Meanwhile, the adoption of SHIB as an investment at the mainstream level continues to increase as MacArthur Johnson, an American rapper and comedian known by the pseudonym “FunnyMike”, said in a tweet that on the morning of October 31, he had bought SHIBs valued at $ 60,000 dollars, which would have been approximately 817,438,692.0980927 tokens.

In the current SHIB / USDT technical picture, we see a price consolidation around $ 0.000070, as the 50-period SMA on the 4-hour chart is containing any attempts to decline. This could help provide momentum for the asset to rally and look to attack the resistance at $ 0.000090.

In case of breaking it, all the lights would point towards the $ 0.000120 level in the first instance. However, the downside risk is that the price breaks below $ 0.000050. In case of doing so, the eyes of the token would be on the support of $ 0.000045, followed by the 200-period simple moving average around $ 0.000035.

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