Memecoin Predictive Analysis for June 16, 2022 — They Reminisce Over You

Shiba Inu Analysis

Eighty-one percent of Shiba Inu holders are now underwater on their investments at a current price of $0.0000081, according to data from IntoTheBlock. Shiba Inu (SHIB) is off nearly 90% from its October 2021 peak of $0.000088. Currently, this indicator shows that 81% of Shiba Inu addresses are in loss, 14% of the remaining addresses are profiting and barely 4% are breaking even. Shiba Inu’s addresses in profit declined amid bearish market conditions since the start of 2022. Despite this, Shiba Inu’s long-term holders are increasing. According to the IntoTheBlock’s holders’ composition by time held, 19% of SHIB holders have held onto their tokens for more than a year, 77% have held within a year, while 3% have held onto their tokens for less than a month.

Shiba Inu price action

Shiba Inu dipped to a low of $0.0000073 on June 13, in line with recent crypto market declines. At the time of publication, SHIB was trading up nearly 5% at $0.0000082 Shiba Inu is facing buying pressure from whales, ranking among the top 10 most-purchased tokens for the 100 and 500 biggest ETH whales.

  • Resistance levels- $0.0000081, and $0.0000089
  • Support levels are $0.000007 and $0.0000006

APECOIN Analysis

The great sell-off occurred as bitcoin went down to $20,200 this made traders and investors sell their tokens aggressively. The Apecoin(APE) revealed a symmetrical triangle pattern in response to this downtrend putting a recovery opportunity on the cards. Ever since the coin has been in a correction phase while forming a symmetrical triangle. This phase is an opportunity for the buyers to regain trend control and raise the price. Conversely, a breakdown would mean a resumption of the prevailing downtrend.

  • Resistance levels: $4.57 and $5
  • Support levels: $3.17 and $2

Floki Inu

The bloodbath of the whole crypto market continues without leaving Floki Inu behind. Floki Inu’s most respected support level by technical analysts, which is $0.000006, was broken. Floki with all technical indicators turned bears may suffer further downside potential. According to the Bitcoin correction index, if Bitcoin makes some lower lows to $20,000 Floki Inu may move down to $0.0000005

  • Resistance levels- $0.000006 and $0.000007
  • Support levels-$0.000005 and $0.000004

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Adam Tracy

Adam Tracy

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Crypto Influencer | Blockchain Evangelist | Ex Pro Rugby Player | Find Me: https://linktr.ee/adamtracy