SHIBA INU (SHIBUSDT) is taking all of the crypto capital and affecting the rest of the market.
The daily trading volume is huge and more than many of the top altcoins combined.
The current resistance is set at 0.00007775 but it can continue higher and hit 0.00009490 or even 0.00012265 before its price starts to retrace.
SHIBUSDT is now massively overbought on the RSI but it can still go higher, these things tend to go really crazy.
What follows of course is a super crash but do not despair, this can be great news.
SHIBA INU is now one of the top Altcoins by market capitalization.
Capital tends to move from Bitcoin to Altcoins and vice-versa but to leave the market it normally happens from Bitcoin to fiat.
So much capital going to this altcoin can be a signal of what is to come for the rest of the market.
Once Shina Inu calms down, you can expect many of the smaller altcoins to jump really big and strong.
Altcoins season you guys call it?
Call it what you will... Everything will grow!
Namaste.