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- 1 The SHIRYO crypto asset is showing bullish traits and is expected to achieve more growth.
- 2 Depending on the upthrust of the buyers, the market can potentially surpass the dynamic support of EMAs.
Shiryo-Inu is a token that empowers the entire Shiryo ecosystem and is utilized as a medium for in-game assets and facilities.
10% of each sale of an in-game asset is availed to destroy the token, unavoidably lowering the supply.
Shiryo in Detail
Shiryo is a blockchain-integrated Play-to-Earn trading card game that uses NFTs to allow players to collect decks and join matches.
It is set in the world of Edrea, a continent with its land partitioned into four elemental factions; Earth, Thunder, Water, and Fire.
Players can join matches, and tournaments and even buy land through the custom Shiryo Dapp accessed via the token’s website.
Per the newly released expanded whitepaper, the first community-driven beta tests for the game will be done in Q1 2022, with a full game launch planned soon after.
The roadmap also depicts other improvements containing 3D Metaverse integration, a social spaces improvement, and land extension options.
By the end of 2022, players will have a DAO to choose exactly how they want the game to be adjusted, a manga, an anime, and a Shiryo TCG mobile app.
Is SHIRYO Crypto About To Get Wings Soon
The SHIRYO crypto asset is showing bullish traits and is expected to achieve more growth. It has demonstrated good performance in the past week as it surged by 7.92%, highlighting the possibility of a reliable upward trend.
The crypto is experiencing a decline of 0.37% in the last 24 hours, trading at $0.000000000003538. Also, the SHIRYO crypto has displayed a sign of revival as the price bounced back from an equal high level which is a critical level of around $0.000000000003200 on the chart.
The crypto is poised for a spectacular rally, as it prepares to smash the EMAs which are acting as dynamic resistance levels, and zoom to new levels from the current support zone. At the current support zone, the breakout chances are higher, meaning the price has stopped making new lows.
The SHIRYO asset is showing bullish strength and strong potential as it has started to move up and breached 20-Day EMA. in case of strong upthrust, the buyers could surpass the dynamic support of EMAs. Which are 50, 100, and 200-Day EMAs.
The SHIRYO asset is about to enter a strong uptrend soon as the MACD has started to converge and the histogram has declined, which has increased the chances of bullish cross higher. This suggests that the SHIRYO asset has more room to grow.
Therefore, if the demand surges on consistent terms, the SHIRYO asset price could bounce back from the current level strongly. Then the next goal for the price is to reach $0.000000000004500.
Alternatively, if the SHIRYO crypto price fails to stay above the $0.000000000003200 level, it could decline further.
Summary
The SHIRYO asset is showing bullish strength and strong potential as it has started to move up and breached the 20-Day EMA. Now, depending on an upthrust, the buyers could potentially surpass the dynamic support of EMAs – the 50, 100, and 200-Day EMAs.
Therefore, if the demand surges on consistent terms, the SHIRYO asset price could bounce back from the current level strongly. Then, the next goal for the price is to reach $0.000000000004500.
Technical Levels
Support Levels: $0.000000000003200.
Resistance Levels: $0.000000000004500.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
