From 40 up to 30 Down, the Shiba Inu Instability Continues

Shiba Inu (SHIB) price has an alternative bullish count in the cards based on newfound technical.

Shiba Inu is one of the most popular meme coins on the market. It is currently working on its metaverse and a new crypto exchange to increase token utilization. SHIB price shows subtle signs to validate a recently established bullish count. The newfound higher high at $0.00001217 could be early evidence of a commencing price hike towards $0.000014000. Traders should begin setting alerts and forecasting a trading plan as the SHIBA price could witness extreme volatility likely to induce a FOMO-style price chase. A second attempt at the $0.00001220 level could be the catalyst bullish traders are looking for. Invalidation of the sudden bullish rally would be a break below $0.00001100.

Is it too late to buy Shiba Inu?

The cryptocurrency market is in its early days, so no. It is not too late to invest in SHIB. Many analysts believe that Shiba Inu is likely to make new highs in the foreseeable future.

However, SHIB growth potential does not mean that you throw a cushion to the wind. Cryptocurrencies are highly volatile, and it is always best to invest what you can afford to lose.

Nonetheless, if you have some money set aside for cryptocurrency investments, now could be the perfect time to buy Shiba Inu. That's because SHIB is about 76% from its all-time highs, making it relatively cheap and a low-risk buy.

How safe is Shiba Inu?

Shiba Inu is largely considered to be a safe cryptocurrency. SHIB is built on the proven Ethereum blockchain, making it relatively safe from attacks.

Besides, as adoption and the community grow, the lower the chances of Shiba Inu losing relevance and going into obsolescence.

Aside from the technical aspects of Shiba Inu itself, to ensure that you stay safe when investing in SHIB, make sure only to buy SHIB from reputable cryptocurrency exchanges. Once you buy, store your Shiba Inu in a secure cryptocurrency wallet. Never leave your cryptocurrency coins on an exchange for so long.

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