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Shiba

SHIBUSDT RejectedShiba Inu (SHIB) recorded its lowest historical price (ATL) a few days ago on the Binance chart. This downward trend began with a break of the descending trendline, and today the price retested that trendline with forceful rejection, causing a price drop. In my opinion, Shiba Inu may find support within this price range and break the descending trendline again. However, the current market trend doesn't seem particularly promising. The best course of action would be to wait for price stabilization and the breaking of resistances. The main resistance is indicated by the yellow color on the chart, which was previously a historical support but has now become a strong resistance.
by Madoir
shiba ---> a downward possibilityhello guys... as you can see on the chart, shibusdt has been made a symmetrical triangle in a daily timeframe. also in a lower time frame like 4h, you can see a QUSIMODO pattern as well, in my opinion, in a lower time frame, this specific coin is going to make an upward movement, however, the main move especially in a higher time frame is bearish. I'll update this analysis because it took time to do my forecast and maybe some unpredictable things happen! _______________________________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
36
Testing Support Levels, Potential Bounce AheadSHIB, currently priced at 0.00000700, broke the major support at the 0.5 Fibonacci level on the daily chart. It is now retesting this level, and there is a possibility of a further drop towards the 0 Fibonacci level as a major support area before a potential bounce back. The RSI is at 36, indicating a nearing oversold condition. However, it's important to consider other factors and conduct further research before making investment decisions.
by MonoCoinSignal
6
SHIBA after the retest 🚀🚀Hello 🐋 Based on the chart the price is close to the major support and in the triangle pattern ✔️ beside we expect to see gain and pump from here ✔️ and even the range market and many range candlesticks are acceptable scenario too 📖💡🚀 👌 Notice: pay attention to the price on shortcut chart (located under the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
by MadWhale
10
Navigating the Waves: A SHIB AnalysisThe dynamic world of cryptocurrency is full of surprises and SHIBA INU (SHIB) is no exception. Looking at the one-hour time frame chart, the zero Fibonacci level stands at 0.00000700. When shifting our view to the four-hour time frame, Fibonacci level of 1.618 reads 0.00000726, followed by the 2.618 level at 0.00000777. This higher Fibonacci level appears to present a firm resistance point. With the Bollinger Bands, the upper limit is at 0.00000747, the middle at 0.00000709, and the lower boundary at 0.00000671. The stochastic oscillator and RSI sit at 79 and 76 respectively, suggesting a potentially overbought market. The On Balance Volume (OBV) stands at a staggering 316 trillion, while the Moving Average Convergence Divergence (MACD) clocks in at 0.00000613. At the time of this analysis, SHIBA INU trades at 0.00000742, reflecting a 24-hour price change of approximately 8%. Looking at these indicators, the short-term outlook for SHIBA INU (SHIB) seems bullish. The market price surpassing the middle Bollinger Band and a robust OBV suggest a strong buying pressure. However, the high RSI warns of an overbought market and a potential pullback. Even though such conditions often lead to a minor price drop, this is generally a natural part of a bullish trend and doesn't necessarily signal a market downturn. Nevertheless, given the inherent volatility of cryptocurrencies, this interpretation is based on current data and might change with incoming market news, major financial events, or changes in market sentiment. Crypto trading is as much about risk management as it is about seizing opportunities. The market can remain irrational longer than a trader can stay solvent. Consistent profitability isn't about making the right call on every single trade; instead, it’s about making informed decisions over time. As traders, we must stay vigilant, keep adjusting our strategies according to market behavior, and always trade responsibly.
by ShawnMCR
1
Bullish MomentumThe SHIBA coin is currently priced at $0.00000745. It has experienced a bullish candle closure, suggesting upward momentum. The presence of two important exponential moving averages (EMAs) adds further insight. The EMA 50, at $0.00000700, and the EMA 100, at $0.00000735, can act as support or resistance levels. The Relative Strength Index (RSI) is at 75, indicating that SHIBA is in an overbought territory. This suggests that the price may have increased significantly recently, potentially leading to a reversal or a period of consolidation. The Moving Average Convergence Divergence (MACD) indicator, with a value of 0.00000010, provides a slight bullish signal. The positive value suggests that the shorter-term moving average (12-day EMA) is above the longer-term moving average (26-day EMA), indicating potential upward momentum in the short term. Considering the Fibonacci retracement levels in the 4-hour timeframe, we have: 0 Fibonacci at $0.00000643 0.5 Fibonacci at $0.00000669 1 Fibonacci at $0.00000694 These levels can act as potential support or resistance areas, indicating possible price reversals or consolidations. Additionally, in the daily timeframe, we have: Daily timeframe 0 Fibonacci at $0.0000543 Daily timeframe 0.5 Fibonacci at $0.00000865 These broader Fibonacci levels provide further perspective on potential support and resistance areas based on daily price movements. Considering yesterday's bullish candle closure, if today's bar also closes without long wicks, it suggests continued bullish momentum. Based on this analysis, there is an expectation that SHIBA will test the resistance level at $0.00000778 by the end of the month. In summary, SHIBA currently shows signs of bullish momentum. However, it's important to consider other factors, such as market trends, news, and overall market sentiment, to make well-informed investment decisions. Support Levels: Immediate Support: The 4-hour timeframe shows the 0 Fibonacci level at $0.00000643. This level may act as an immediate support level if the price retraces downwards. Stronger Support: The EMA 50 at $0.00000700 could act as a stronger support level. It is a moving average that considers the past 50 periods and is often watched by traders as a significant support level. Resistance Levels: Immediate Resistance: The 4-hour timeframe indicates the 0.5 Fibonacci level at $0.00000669, which may act as an immediate resistance level if the price moves upwards. Stronger Resistance: The EMA 100 at $0.00000735 can be considered a stronger resistance level. It is a moving average that considers the past 100 periods and could present a significant challenge for the price to break through. Key Resistance Level: The analysis suggests that if the bullish momentum continues and today's bar closes without long wicks, there is an expectation for SHIBA to test the resistance level at $0.00000778 by the end of the month. This level represents a key resistance point that may require a significant increase in buying pressure to overcome. It's important to note that support and resistance levels are not set in stone and can shift based on market conditions. Traders and investors should monitor the price action and consider these levels along with other indicators and market factors before making trading decisions.
by MonoCoinSignal
1
Meme Coins VS Web 3.0 Cryptocurrencies !I'm writing this article during the crypto selloff, almost as a joke, taking inspiration from the story of a trader who purchased a cryptocurrency known as SAFEMOON, basically a shitcoin: After remaining inactive for a period of two years, a significant whale recently sold 10,000 BNB tokens at a price of $230, amounting to $2.3 million. What's interesting is that this particular whale was previously involved in the SAFEMOON cryptocurrency and managed to generate a substantial profit of 110,000 BNB tokens, equivalent to $47.5 million at that time, with an initial investment of just 10 BNB tokens, valued at $2,400 back then. So he made $47.5 million with only $2.5 thousand invested, and now the project is dead! I remember this SHIB signal back in the days: I still consider it worthless, even if i bought it back then. I don't see any difference between SHIB, SAFEMOON, FLOKI, KEKE, and other crypto projects that are solely based on a community rather than focusing on developing the infrastructure of Web 3.0, similar to larger projects. There`s no intrinsic value in any of those. But opportunities will come!
Long
by TopgOptions
SHIB Shiba Inu Whales are Selling !If you haven`t bought SHIB here: Or sold it here: Then you should know that another notable transaction was reported on June 9 by Blockchain tracker Whale Alert, involving the transfer of 4 trillion Shiba Inu tokens to Binance. This transfer, worth $31.7 million, incurred a minimal fee of only $1.78 before the price of Shiba Inu experienced a decline. Following the transaction, there have been various reactions from market participants, with some highlighting that it resulted in a 1% increase in Shiba Inu's circulating supply to 578.9 trillion tokens. It appears that whales are engaging in selling activities. My price Target for SHIB is $0.00000500. Looking forward to read your opinion about it!
Short
by TopgOptions
3
SHIB Continues Downward TrendDue to the continued selling pressure in the market, SHIB continued its downward trend within a specific range. This trend persisted even after breaking the bottom of the channel, eventually reaching its lowest historical range at the price of 0.0000055 to 0.0000060 dollars. It is worth noting that this range served as the bottom of a channel range in 2020, where Shiba experienced remarkable growth of over 1000% due to increased demand within that range. However, the recent price action has brought about significant developments. The level between $0.0000070 and $0.0000078, which was a previously strong support, was broken by a strong bearish candle. As a result, this level has now turned into a resistance. If the price reaches this range, a negative reaction is expected. Furthermore, there was a notable 20% reaction within the support range mentioned earlier. This indicates that both the power of buyers and sellers were substantial, suggesting the potential formation of a range channel between the considered levels. The RSI level, currently at 19, further supports the negative sentiment surrounding SHIB. An RSI value below 30 indicates oversold conditions, suggesting that SHIB may be undervalued and due for a potential price correction or reversal. Therefore, while the possibility of a price rebound or shift in sentiment exists, as oversold conditions can sometimes lead to buying interest and subsequent recovery, it is important to note that the overall trend remains negative. There has been no observed change in the trend to an upward mode, and the momentum remains decidedly negative.
by MonoCoinSignal
2
Resistance Breakout Challenge and Downward Trend ReturnThe SHIB token has encountered difficulty in surpassing the resistance level in recent weeks, failing to achieve a decisive breakout above the $0.00000890 threshold. Ideally, a confirmation candle should have followed this breakthrough, but instead, a notably bearish candle emerged. Consequently, the overall downward trend of Shiba Inu has persisted, leading it back to the lower boundary of a short-term descending channel within the $0.00000780 range. Maintaining support within the crucial $0.00000780-$0.00000700 range is of utmost significance for Shiba Inu, as successfully doing so could facilitate a robust recovery for the cryptocurrency. Presently, the price remains approximately 12% above the lowest point of this support range. However, a breach of this support level, as previously mentioned, would indicate an extended period of decline for Shiba Inu. Should Shiba Inu demonstrate positive responses at its current support level, there is potential for growth following the establishment of a range-bound trend.
by MonoCoinSignal
10
Shiba Inu SHIB and the US Debt CeilingNegotiators from Democratic and Republican parties finalized an agreement on Sunday night. Instead of raising the limit to a specific level, they have opted to suspend it entirely until 2025. This strategic move ensures that their bills can be paid until that date, while also guaranteeing that the next battle to raise the ceiling will not coincide with the upcoming presidential election. The resolution of the debt ceiling issue brings optimism and stability to the financial landscape, which has a positive ripple effect on the cryptocurrency market. Bitcoin and the broader crypto market stand to benefit from increased investor confidence, reinforced safe-haven status, enhanced institutional adoption, regulatory clarity, and the overall positive impact on global markets. SHIB/USDT Entry Range: $0.00000800 - 0.00000910 Price Target 1: $0.00000990 Price Target 2: $0.00001100 Price Target 3: $0.00001260 Stop Loss: $0.00000700
Long
by BuySellMarketMaker
🔥 PEPE vs SHIBA: Entering Accumulation ZoneA few weeks ago I made an analysis on PEPE vs SHIBA where I discussed how PEPE and SHIBA are alike and potentially following the same kind of price action. Now that we're a couple of weeks further, it's time to see how PEPE is performing against the historical price action of SHIBA. As seen on the chart, we're following a very similar pattern (1-2-3). Initial pump after Binance listing, huge sell-off (1), 100% recovery (2), continued selling followed by a small recovery (3). In my eyes, PEPE is currently in an accumulation phase, just like SHIBA did in 2021. Not sure yet how long this accumulation takes and how low we potentially can go, but I'm fairly certain that PEPE will pump again at some point in the future. If we follow SHIBA very closely, expect PEPE to sell-off towards the ~90 area in the near future. If we find strong support there we might pump 50%, just like SHIBA did back then. A speculative bet, but nevertheless a very profitable one if it plays out.
Long
by FieryTrading
6
🔥 SHIBA High Risk / Reward Reversal: Oversold BounceSHIBA is trading inside a sideways wedge pattern. This pattern has been playing out for nearly a year now, so the expectation is that the support will cause some kind of bounce. A less risky approach would be to take profits around 1000 instead of 1300. To add to this analysis, the 3-day RSI is approaching oversold levels very rapidly. An oversold 3-day RSI can often cause a major long-term bottom to be set.
Long
by FieryTrading
19
MIMIR: Algorithmic Trading Unveiling Massive Potential with $0.6We conducted a thorough analysis of MIMIR, comparing it to over 500 volume coins, and the results indicate that MIMIR has a promising potential for a good return. This is due to the introduction of a new level of ALGORITHMIC TRADING SCAN. The $0.025 Target is very important for the coming time, which could lead to an increase in MIMIR's trading volume. Considering the maximum supply of this coin is 100 million, with a market capitalization of around 40-60 million, it is feasible for MIMIR to reach the $0.60 Target. However, it's important to always conduct your own research and be aware of the risks associated with investing in any meme coin. This update will be documented as an ALGORITHMIC TRADING update. We will continue to monitor this meme coin both in the short term and the long term.
Long
by Goldenbreakout
2