- Shibburn revealed in a tweet this morning that SHIB’s Twitter app has been suspended.
- The tweet highlighted the fact that the app has had a solid two-year track record on the platform.
- Despite this, SHIB’s price was still able to increase by more than 1% over the past 24 hours.
Shibburn took to Twitter earlier this morning to announce that their Twitter app has been suspended for no apparent reason. The Shiba Inu (SHIB) team personally tagged the Twitter support team and even Elon Musk in their request for assistance on the platform.
With a solid two-year track record of rule compliance, the sudden suspension came as a surprise to the SHIB team. The post also pointed out the fact that the promised explanatory email never arrived, while submitting a support ticket also proved challenging.
The post was concluded with the SHIB team emphasizing that they have always made it a priority to stick to Twitter’s guidelines. The post also publicly asked Musk and the Twitter team for further support to get the problem resolved as soon as possible.
Despite the hiccups with SHIB’s Twitter app, the meme coin’s price was still able to increase by about 1.51% over the past day. As a result, SHIB was worth $0.000007973 at press time.
Daily chart for SHIB/USDT (Source: TradingView)
From a technical perspective, the meme coin’s price rebounded off of the crucial support level at $0.00000635 on 15 June 2023. Since then, the crypto’s price broke above the 9-day and 20-day EMA lines, where it continued to trade at press time.
The altcoin’s price was able to break above the next major resistance level at $0.00000821 on Thursday, but had retraced to close the daily trading session at $0.00000780. Since then, the price of SHIB has been able to climb back above this level.
Meanwhile, the 9-day EMA line was looking to cross above the 20-day EMA line. Should these two technical indicators cross in the next 24-48 hours, it will signal that SHIB’s price has entered into a short-term bullish cycle. This may lead to the crypto flipping the aforementioned $0.00000821 resistance into support in the next few days.
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