SHIB* cryptocurrency was listed on the |Coinbase| Pro exchange

SHIB cryptocurrency was listed on the Coinbase Pro exchange

Coinbase Pro, the professional arm of the largest cryptocurrency exchange in the United States, has announced the listing of Shiba Inu (SHIB) cryptocurrencies.

Earlier this month, the trading platform also added support for Dogecoin, the flagship coin.

In addition to SHIB, Coinbase Pro Exchange also lists Chilean Ciphers (CHZ) and Cape Network (KEEP).

Trading will begin after 9 a.m. Thursday.

Yesterday, the Coinbase Pro exchange also listed Polkadat cryptocurrencies (DOTs), causing the price of the cryptocurrency to rise sharply.

According to CoinMarketCap data, SHIB ciphers have now risen 26 percent in the past 24 hours.

Last month, Atrium co-founder Vitalik Buterin burned 90 percent of the SHIB tokens donated to him by anonymous token developers, adding that he would donate the rest to charity.

SHIB INO TECHNICAL ANALYSIS (SHIB) Friday, May 14

SHIB INU TECHNICAL ANALYSIS (SHIB) Friday, May 14

SHIB INU digital currency (SHIB) experienced a loss of price. Vitalik Buterin, the creator of Atrium, took his SHIB Inu liquidity (SHIB) out of the ion swap platform. However, Shiba Inu was able to maintain well at these levels as the price jumped out of the demand barrier.

SHIB price is returning

SHIB prices have fallen 45 percent in the past 24 hours and 52 percent since May 11. However, it seems that the token or internet joke has faced an upward reaction from the demand area, which extends from $ 0.0000117 to $ 0.0000168 and can increase the price of SHIB by 33%.

Although unlikely, the SHIB price could try again in its support area before this bullish scenario. The lower limit of the supply area ranges from $ 0.0000286 to $ 0.0000318.

Investors can expect a 30% increase in the SHIB price from the current price, but if the price floor is tested again, we will see a 60% price increase.

Apparently, the SHIB price will be bullish, but investors should be aware of any sudden fall in the cryptocurrency market that could affect the bullish scenario. Nevertheless, if SHIB prices are unable to rise above these levels due to disappointing buying pressures or potentially downtrends, market participants can expect a 22% drop in the price of these cryptocurrencies to $ 0.0000162.

However, breaking the demand area downtrend line at $ 0.0000117 could invalidate the uptrend scenario and create a new downtrend. In that case, the SHIB price could experience a 70% drop to the next support level at $ 0.00000360.