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Shiba Inu Price Surged By 60% In Single DayThe recent surge in the price of Shiba Inu ( CRYPTOCAP:SHIB ) has caught the attention of many investors and cryptocurrency enthusiasts alike. In a single day, the value of CRYPTOCAP:SHIB surged by an impressive 60%, bringing it halfway to its all-time high value. This is a remarkable achievement for the meme coin which has been performing exceptionally well in recent times. Several other meme coins have also been performing well in the past few days, with some even crossing their all-time high values. Weekly trading volumes for some of these coins have also surged by up to 3000%. However, Shiba Inu ( CRYPTOCAP:SHIB ) stands out as one of the top-performing meme coins due to its recent surge in value. At present, CRYPTOCAP:SHIB is trading at $0.00004083, which represents a 70% increase in its value from the previous day. Over the past week, the price of CRYPTOCAP:SHIB has risen by an impressive 283%, with a trading volume of $13,338,944,678. This represents a massive surge in trading volume, compared to the $617.67 million trading volume recorded on February 28th. Following the recent surge, CRYPTOCAP:SHIB has climbed up the rankings on CoinMarketCap to become the 10th most popular cryptocurrency, with a market cap of $22,869,329,619. This surge has pushed Shiba Inu's valuation to $25 billion, putting it in close proximity to Dogecoin's valuation of $27 billion. The recent surge in the price of Shiba Inu ( CRYPTOCAP:SHIB ) can be attributed to several factors. For starters, Shiba Inu ( CRYPTOCAP:SHIB ) is the second-largest meme coin after Dogecoin, also known as the "Dog-Killer." Other meme coins such as Bonk and Floki Inu have also gained significant attention, contributing to the bullish market for meme coins, including $SHIB. Another significant factor contributing to the surge in CRYPTOCAP:SHIB 's value is increased buying activity in the market. According to Spot-On-Chain, the founder of MakerDAO, Rune Christensen, recently purchased 7.41 billion CRYPTOCAP:SHIB worth 100K USDC on March 1st, which was responsible for an initial 60% increase in the coin's value. Later on, he purchased an additional 17.629 billion CRYPTOCAP:SHIB with 400K USDC, contributing to a further 20% increase. The launch of CRYPTOCAP:SHIB Identity, which is designed to incorporate Self Sovereign Identity (SSI) into Shiba's projects, is another significant development that is expected to cause a surge in the value of $SHIB. This is scheduled to launch on November 1st, 2024. In conclusion, the recent surge in the price of Shiba Inu ( CRYPTOCAP:SHIB ) is a remarkable feat that has caught the attention of many investors and cryptocurrency enthusiasts. While the value of CRYPTOCAP:SHIB seems to be slipping a little from its peak of $0.00004438 earlier, it remains to be seen what the future holds for this meme coin and whether it will continue to rise or fall.
COINBASE:SHIBUSDLong
by DEXWireNews
MING DYNASTY 2.0I was doing a little research on the history silver. In the Ming dynasty they had an insatiable hunger for silver. Just speculating, perhaps China adopts Litecoin as its crypto "gold". Charlie Lee is Chinese as well just to add to the speculation. Asia is number one in adoption of Litecoin. What if China demands all citizens pay taxes in Litecoin like it did during ming with silver? China may only accept Litecoin as payment for global trade just like it did during Ming with silver? Gold is only worth more than silver because its harder to mine. Silver has many more uses throughout history. Silver was the first metal to unite the world and start world trade with China. The dollar becomes the official currency in 1785. The US had no mint to make its own currency so the first temporary currency was the Silver Spanish Peso. The word DOLLAR comes from the word thaler which comes from the German root “thal” which means valley and “thaler” indicates a person or thing from the valley. Thalers were silver coins and they were named Thalers because of a silver rich valley the silver was mined from. I like to speculate quite a bit so this may be just a bogus idea but its worth keeping in the back of my mind. Also I have written proof if this does happen right here and Im the next Nostradamus hahah, just kidding. Anyways I thought the Litecoin fam would enjoy this little tidbit.
KRAKEN:LTCUSDLong
by Bitgolder
4
Shiba Inu Technical Analysis: Consolidation or Breakout?Current Situation: Shiba Inu has entered an accumulation zone, indicating a period of consolidation where buyers and sellers are reaching an equilibrium. Despite facing resistance just above this zone, Shiba has managed to regain some of its strength. The price is currently hovering around its 10-day moving average, a key technical indicator. Potential Moves: Breaking above the Trendline (TT Line): This could lead to a downward channel breakout, potentially lowering the price range. ⬇️ Breaking above the MACD Signal Line (Green Line): This could signal a bullish breakout, leading to a potential price increase. ⬆️ Breaking below the RSI Support Line (Blue Line): This could indicate a loss of momentum, potentially leading to a price decline. ⬇️ Additional Observations: Rising Trading Volume: The recent increase in trading volume suggests heightened volatility in the near future. Potential for Uptrend: Based on the rising volume, there's a chance for Shiba to climb toward the next weekly resistance level if it moves. Overall: From a technical analysis standpoint, Shiba Inu is currently in a consolidation phase. The direction of the price will depend on whether it breaks above or below key technical levels like the TT Line, MACD Signal Line, and RSI Support Line. The increased trading volume suggests a potential for significant price movement in the coming days. This analysis is for informational purposes only and should not be considered investment advice. Please conduct your own due diligence before making any investment decisions
Long
by solinash1
2
SHIBUSDT.1DBased on the provided market data, SHIB is currently trading at 2192 USDT. The Relative Strength Index (RSI) is an indicator that measures the speed and change of price movements. An RSI above 70 typically indicates that the asset may be overbought, suggesting a bearish price movement in the future. The RSI for SHIB is 76.99 for 4 hours, 100.04 for 1 day, and 86.34 for 7 days, suggesting that the asset is currently overbought. The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. The MACD for SHIB is 26 for 4 hours, 214 for 1 day, and 99 for 7 days. This suggests bullish momentum in the short term. The Bollinger Bands (BB) are a volatility indicator that creates a band of three lines which are plotted in relation to a security's price. The middle band is a simple moving average that is usually set at 20 periods. SHIB's BB for 4 hours, 1 day, and 7 days are all at 2637, indicating high volatility. The support levels are the levels at which the price rarely falls below for a certain period, while the resistance levels are the levels the crypto price seldom surpasses. These levels can be used to identify potential buy and sell opportunities. For SHIB, the support and resistance levels vary across the different time frames. In conclusion, based on the technical indicators, SHIB appears to be overbought, indicating a possible bearish trend in the future. However, the MACD suggests a bullish momentum in the short term. Given the high volatility indicated by the BB, it might be a risky investment. As always, it's important to do your own research and consider your own risk tolerance when investing in cryptocurrency.
by MarsSignals
Alikze »» DYDX | Ready to defeat the dynamic triggerAccording to the previous post after the target touch. Currently, with the support of zone 3.13, it is possible to break the dynamic trigger and advance to the first supply zone, after which it will be able to reach the next supply zone. But according to the type of behavior and structure, higher floors and ceilings, and rising guard, it is ready to defeat this trigger. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
Long
by alikze
Shiba Inu's Meteoric Rise: SHIB Price Hits 2-Year HighIn the ever-evolving landscape of cryptocurrencies, few phenomena capture the imagination quite like the meteoric rise of meme coins. Among these, Shiba Inu ( CRYPTOCAP:SHIB ) stands out, not only for its adorable canine-inspired branding but also for its recent surge in value and burn rate. As the crypto community grapples with the implications of this unprecedented growth, it's crucial to delve deeper into the factors driving Shiba Inu's ascent and what it means for the future of the ecosystem. The Surge in Burn Rate: One of the most striking developments in the Shiba Inu ( CRYPTOCAP:SHIB ) saga is the exponential increase in its burn rate, soaring by an astounding 840% in a single day. This surge, as reported by Shibburn, underscores a fervent commitment among investors to reduce the circulating supply of CRYPTOCAP:SHIB tokens. By destroying 35.30 million CRYPTOCAP:SHIB tokens within 24 hours, prominent wallet addresses signal a concerted effort to instill scarcity and bolster investor confidence. However, this surge also prompts critical questions about the sustainability and long-term implications of such a drastic burn rate. Implications for Price Dynamics: The immediate consequence of Shiba Inu's burn rate surge is its catapulting price to a two-year high, accompanied by a remarkable 71.32% increase during the reporting period. Such exponential growth not only propels CRYPTOCAP:SHIB to the 11th position by market capitalization but also ignites optimism among meme coin enthusiasts. Yet, while the surge in price may elicit euphoria, it's essential to temper expectations and assess the underlying factors driving this rally. Community Enthusiasm and Market Sentiment: At the heart of Shiba Inu's meteoric rise lies the unwavering support of its community, exemplified by the surge in burn rate and trading volume. Wallet addresses actively participating in token burning underscore a shared vision of creating value through scarcity. Moreover, derivatives data analysis indicates a robust sentiment in the market, with open interest soaring by 83.33% to $77.97 million. However, amid the fervor surrounding SHIB's ascent, it's imperative to acknowledge the inherent risks associated with meme coins and exercise caution in navigating the volatile crypto landscape. Challenges and Considerations: While Shiba Inu's ( CRYPTOCAP:SHIB ) recent surge may paint a picture of unbridled success, it's essential to confront the challenges and considerations lying ahead. The Relative Strength Index (RSI) of the meme coin signals an overbought condition, raising concerns about a potential market correction. Moreover, sustaining momentum amidst regulatory scrutiny and evolving market dynamics poses a formidable challenge for Shiba Inu and its community. Conclusion: In the saga of Shiba Inu, the surge in burn rate and accompanying price rally epitomize the dynamism and unpredictability of the cryptocurrency market. While optimism abounds, tempered by caution, it's imperative for investors to maintain a balanced approach and stay attuned to evolving developments. As Shiba Inu ( CRYPTOCAP:SHIB ) continues to captivate headlines and reshape the crypto landscape, only time will reveal the true extent of its impact and sustainability.
COINBASE:SHIBUSDLong
by DEXWireNews
3
Shiba Inu: Potential +95% from Wedge Breakout!Hello dear traders! Your support means the world, so smash that like button to keep the motivation flowing! 💙💛 BINANCE:SHIBUSDT is breaking out of a Falling Wedge pattern! This breakout suggests a potential uptrend, and the token could hit key resistance levels on its way up, specifically at 1214, 1480, and 1773. Now, about the Falling Wedge: it's a pattern on a price chart that typically indicates a reversal or bullish continuation. Imagine a wedge sloping downward, and BINANCE:SHIBUSDT breaking out of it is like a springboard for potential gains. For safety measures, consider setting a stop loss below 800 . This step is all about protecting your investment. Also, think about using a lower-risk position size – it adds a layer of security to your overall strategy. Here's to successful trading! If you have any questions or need more insights, feel free to ask.
Long
by ArShevelev
Shiba Inu: Bull Run Price Target (0.000145)Overview In the last couple months my attitude towards crypto has gone from swing trading it to just holding it, especially with the much anticipated Bitcoin halving event approaching next month. In the past, strong crypto bull rallies occurred within the months following the halving events which leads me to believe that our favorite cryptocurrencies could be hitting record highs by the end of 2024. Shiba Inu Price Target If the bull market continues then a price target near 0.00014559 appears to be a healthy time to take profits. I found this price level through the use of Fibonacci retracement levels. However, Shiba Inu has been around longer than the attached TradingView chart suggests so the correct Fibonacci levels may vary. To make up for the lack of historical price data, I put the bottom Fibonacci level as close to zero as possible. There are several key areas of resistance that Shiba will need to push through before a price target near 0.00015 can be considered practical. I believe that if the token's value can exceed its 61.8% Fib Level at 0.00005570 with growing volume then the target may only be a few months away. At the 0.00015 price level the market cap for Shiba Inu will be around $82.5 billion so as this price level is approached it would be wise to reassess market sentiments so as to avoid pulling out too soon. It is my opinion that a $250 billion dollar market cap is not unreasonable for a successful token, but it is a bit of a stretch and holding too long could result in losing unrealized profits if the market cools. At the $250 billion market cap, Shiba Inu's price would be around $0.00045. Technical Indicators Volume on the 1D chart supports bullish momentum as the breakout is occurring alongside significant, increasing volume and the On-Balance Volume indicator reveals that buying pressure has surpassed prior highs.
COINBASE:SHIBUSDLong
by Shepherd_Investor
SHIB - About to go PARABOLIC ?🙀📉Hi Traders, Investors and Speculators of Charts📈 From the technical indicator in the weekly timeframe, we can clearly see how the price behaves when it is above the green trendline - parabolic. This means that if SHIBA can continue to close daily candies and the weekly candle ABOVE this trendline, the next likely price action is parabolic increases. The first three zones to watch will be : It's possible to expect corrections alongside the diagonal support line of higher lows. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck COINBASE:SHIBUSD BINANCE:SHIBUSDT
Long
by CryptoCheck-
6
Shiba Inu Price Soars Towards Critical Resistance!Shiba Inu Price Analysis: Approaching Key Resistance Level Amidst Bullish Momentum The world of cryptocurrency is always filled with excitement and anticipation, and one coin that's been grabbing attention lately is Shiba Inu. With its adorable dog-inspired branding and a passionate community of supporters, Shiba Inu has been making waves in the digital currency space. Today, we'll delve into its recent price action and what the future might hold for this canine-themed coin. The Price Surge: In recent weeks, Shiba Inu has been on an impressive upward trajectory, with its price heading vertically towards a critical resistance level. As of now, it's approaching the multi-year lows resistance level of 0.00001194. This level holds significant importance as a breakout here could potentially mark the beginning of a bullish cycle for the coin. Technical Analysis: Those closely following Shiba Inu's price movements may have noticed the formation of a compelling pattern. Previously, there was mention of the falling wedge breakout play, particularly around the 0.00000900 mark. This pattern signaled a potential reversal in the coin's fortunes, providing favorable entry points for traders looking to capitalize on the upward momentum. Strategic Positioning: For seasoned traders, identifying optimal entry points is crucial, and the recent price action has provided just that. With higher lows being consistently formed, many have secured positions within the falling wedge pattern, anticipating a sustained bullish trend. These strategic positions offer the potential for long-term gains, albeit with the acknowledgment that market dynamics can always surprise. What's Next? As Shiba Inu approaches the critical resistance level, traders are keeping a close eye on its ability to break through with convincing volume. For those considering entry at this juncture, caution is advised. Waiting for confirmation of a breakout and ensuring volume supports the move can mitigate risks associated with entering at potentially overbought levels. Risk Management: In the volatile world of cryptocurrency trading, risk management is paramount. While the bullish momentum may be enticing, it's essential to have a clear exit strategy in place. Should the price fail to sustain above the resistance level, traders should be prepared to cut losses and reassess their positions. Conclusion: Shiba Inu's recent price surge has captured the attention of traders and enthusiasts alike. With the coin approaching a key resistance level, the possibility of a breakout looms large. However, prudent risk management and strategic entry points remain essential in navigating the unpredictable waters of the cryptocurrency market. As always, staying informed and adaptable is key to success in this ever-evolving landscape.
COINBASE:SHIBUSDLong
by UnknownUnicorn2319099