Shiba Inu Taps $0.0000300 Barrier Following Robinhood Listing Announcement
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Free Crypto Signals Channel
Free Telegram Channel
“We’re pleased to announce that customers can now buy and sell four additional cryptocurrencies through Robinhood Crypto: Compound (COMP), Polygon (MATIC), Solana (SOL), and Shiba Inu (SHIB).”
As expected, the announcement spurred an electric reaction from the Shiba Inu community to see their beloved crypto asset on the Robinhood app. The SHIB community has been on the neck of Robinhood to list the meme coin for a while now and issued a petition on Change.org on the matter last October. As of Tuesday, the petition had garnered about 560,000 signatures.
Robinhood added in its announcement: “Over the past year, our crypto customers have consistently asked for two things: the ability to send and receive their tokens, and a broader selection of cryptocurrencies.”
Commenting on the latest development, Robinhood chief brokerage officer Steve Quirk noted:
“We’re excited to add more choices for our customers as we work to make Robinhood the best place to invest in crypto.”
He added: “As a safety-first company, we have a rigorous framework in place to help us evaluate assets for listing, and we remain committed to providing a safe and educational crypto platform.”
Key Shiba Inu Levels to Watch — April 13
Following Robinhood’s listing announcement yesterday, Shiba Inu recorded a dramatic spike of about 36% to tap the $0.0000300 psychological barrier for the first time since late February.
The news-induced rally helped the meme coin re-emerge above the critical ascending trendline and 4-hour 100 EMA, painting a more bullish picture for the token. However, SHIB has suffered a sharp correction since the spike to $0.0000300, as it coasts above the $0.0000260 support. That said, I expect a bullish continuation for Shiba Inu over the coming days as the stock market regains some composure, thereby extending some bullish stability to Bitcoin and the rest of the market.
Meanwhile, my resistance levels are $0.0000275, $0.0000290, and $0.0000300, and my support levels are $0.0000260, $0.0000250, and $0.0000240.
Total Market Capitalization: $1.88 trillion
Shiba Inu Market Capitalization: $14.5 billion
Shiba Inu Dominance: 0.77%
Market Rank: #15
You can purchase Lucky Block here. Buy LBlock
