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Shiba Inu's Burn Rate Defies Market Behaviour With 933% SurgeShiba Inu ( CRYPTOCAP:SHIB ) has once again captured the spotlight with a remarkable surge in its burn rate, defying market expectations. Despite recent fluctuations, analysts remain optimistic about the meme coin's future prospects, driven by significant developments within the CRYPTOCAP:SHIB ecosystem. The Burn Rate Surge Unveiled: Shiba Inu's burn rate has witnessed an astonishing surge of 933%, accompanied by an 8% increase in daily active addresses. This surge was catalyzed by two substantial transactions, burning millions of CRYPTOCAP:SHIB tokens, signaling a renewed interest in the token's utility and potential. Key Developments: One notable transaction involved the burning of 21.7 million CRYPTOCAP:SHIB tokens, followed by another transaction torching 25.2 million CRYPTOCAP:SHIB tokens. Additionally, a whale alert highlighted the transfer of 1 trillion CRYPTOCAP:SHIB tokens, valued at $28.8 million, to the crypto exchange GateIO, sparking speculation and increasing SHIB's price volatility. Growing Activity: Shiba Inu's ecosystem is witnessing a surge in daily active addresses, reaching 10,250, indicating a heightened level of activity and engagement. Moreover, the surge in large transactions, with 852 transactions exceeding $100,000, suggests a growing interest from institutional or large-scale investors in SHIB. Market Impact: The recent surge in SHIB's burn rate has coincided with a notable increase in liquidations, with $1.53 million in SHIB short positions liquidated on Friday alone. This uptick in liquidations underscores the heightened market activity surrounding SHIB and its growing significance within the crypto space. Social Engagement: According to data from Lunar Crush, Shiba Inu ranks third in terms of social interactions, trailing behind Dogecoin and Pepe. This robust social engagement reflects the community's fervent interest and active participation in discussions surrounding SHIB's future trajectory. Analyst Outlook: Crypto content creator and investor Jake's endorsement of SHIB as "The First 100 Billion MC Memecoin" echoes the sentiment of many bullish analysts within the crypto community. With positive analyst recommendations bolstering investor confidence, the spotlight remains on Shiba Inu ( CRYPTOCAP:SHIB ) as the "Dogecoin killer" poised for further growth and disruption.
by DEXWireNews
3
💎 GTAI/USD - Be Ready for the LONG ! (READ THE CAPTION)By checking the GTAI/USDT chart, we can see that after the last analysis, the price started to correct to the attractive range of our desired demand, and we are still waiting for another 10% correction with a suitable trigger in the range of 3.45 to 3.85 to enter the LONG position! As I said in the previous analysis, the possible targets of this analysis will be $5.5, $6.2, and $10, respectively! (will be updated) Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
5
Shiba Inu Crypto: Riding the Wave of VolatilityThe world of cryptocurrency has always been a rollercoaster ride, and Shiba Inu (SHIB) is no exception. Over the past few weeks, SHIB holders have experienced a whirlwind of emotions as the price soared by a staggering 370% from its recent lows. Now, as the price consolidates tightly on the higher short-term support side, investors find themselves on the edge of their seats, eagerly awaiting the next move. At the heart of this excitement is the formation of what appears to be a bullish bull pennant. This technical pattern is characterized by a consolidation phase following a significant price increase, forming a triangular shape resembling a pennant on a flagpole. In the case of Shiba Inu, this consolidation is occurring at higher levels, indicating strong support and a potential continuation of the upward trend. However, while the chart may suggest a bullish bias, there's a crucial piece of the puzzle missing: volume. Volume is the lifeblood of any market, providing valuable insight into the strength and sustainability of price movements. In the case of SHIB, the current consolidation phase is accompanied by relatively low trading volume, leaving investors in a state of uncertainty. Without sufficient volume to confirm the direction of the breakout, traders are left in a precarious position. Will SHIB break out to new highs, propelled by renewed buying interest and investor enthusiasm? Or will it succumb to selling pressure, triggering a downward spiral and erasing recent gains? For now, the answer remains elusive, and investors must exercise caution. While the temptation to jump in and capitalize on potential gains is strong, it's essential to approach the market with a level head and a clear strategy. Risk management is paramount, especially in the face of uncertainty. As someone currently holding a position in SHIB, the stakes are high. Watching closely for any signs of a breakout, whether to the upside or downside, is crucial. Setting stop-loss orders and defining profit targets can help mitigate risk and protect capital in the event of unexpected price movements. Beyond the short-term speculation, it's essential to consider the broader fundamentals of Shiba Inu and its ecosystem. Launched as a playful experiment in decentralized community building, SHIB has captured the imagination of crypto enthusiasts worldwide. With its vibrant community, meme-inspired branding, and ambitious roadmap, SHIB has carved out a niche in the ever-expanding world of cryptocurrencies. Yet, amidst the hype and excitement, it's essential to maintain a balanced perspective. Cryptocurrency markets are notoriously volatile and unpredictable, with fortunes made and lost in the blink of an eye. While the allure of quick gains may be tempting, it's crucial to approach investments in SHIB, or any other cryptocurrency, with caution and diligence. In conclusion, the current consolidation phase of Shiba Inu presents both opportunities and risks for investors. With the potential for a bullish breakout on the horizon, accompanied by the uncertainty of low trading volume, careful observation and risk management are paramount. As the crypto community eagerly awaits the next move, one thing remains certain: the journey of Shiba Inu is far from over.
COINBASE:SHIBUSD
by UnknownUnicorn2319099
3
Shiba Inu Shib price is preparing for a powerful "pump"? Looking at the global chart of ShibUsdt, the first thing that catches your eye is that the price is now in a strong liquidity zone. It was in the price range of $0.00000600-0.00000800 that a long position was "gained" in 2021 before the start of the bull run. The second thing that catches your eye is that now the consolidation pattern is visually very similar to the one that was at the final stage of consolidation in 2021 before the start of "the pump". Since it is not known for sure how much longer the consolidation of the Shiba Inu token price will last, and whether there will be "a pump" afterwards, we do not risk buying such a manipulative tool as Shib now. However, when and if the price of ShibUsd is firmly established above $0.00000830, we can consider buying Shib to participate in at least +50-60% of "the price pump". _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
40
SHIBA INU (SHIB) completed a setup for upto 14% pumpHi dear friends, hope you are well, and welcome to the new update on SHIBA INU (SHIB) token with US Dollar pair. In the previous trade setup SHIB was very close to enter the buying zone, but pumped without entering the buying zone as below: Now on 4-hr time frame, SHIB has formed a bullish Gartley move for the next price reversal. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
Shiba Inu Fun play- it's been long time that i didn't post about Meme coins. - They are good to gamble a bit, make u feel like u go to casino to spend few hundreds bucks for fun and relax. - They are mostly dependents on announces, Burn!!, new partner!, and more fancy tweets. - Right now we are on a little bit boring period, as BTC will mostly sideway for a while. - Most of altcoins dipped -90%-95% so it's a good time for play without much efforts. ------------------------------------------------------------------------- - Here a simple trading plan (i took out the 0.000000xx$ :D) ------------------------------------------------------------------------- Buy The Dip (2021 support) : 8000-7000ish Buy The Pump (at liquidity Zone) : 10,000ish+ ------------------------------------------------------------------------- Sell Zone : 15,000-17,000 (don't fall in love) ------------------------------------------------------------------------- SL : 5000 ( Don't play fire with Meme Coins ). ------------------------------------------------------------------------- Happy Tr4Ding !
by thecryer
16
💎 BTC/USDT - New ATH ~ $72K , What's Next ? (READ THE CAPTION)With the new review of the Bitcoin chart in the weekly time frame, we see that in the past moments we saw the price reach a new ATH and Bitcoin managed to grow to $72,000! I congratulate Bitcoin holders on this attractive growth! As you know, when Bitcoin reached the level of $70,000 last week, And it even dropped to $58,000, which quickly filled this liquidity gap and we saw its further growth to higher levels! The next possible targets of Bitcoin will be $77,700, $79,000, $85,000 and $100,000 respectively! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
58
SHIB Holders Realize Nearly $373 Million ProfitsShiba Inu ( CRYPTOCAP:SHIB ), the infamous meme coin, has captured the attention of crypto enthusiasts once again with a staggering 55% surge in its price on a weekly timeframe, hitting a year-to-date high of $0.00004567. While the cryptocurrency market experiences a wave of volatility, CRYPTOCAP:SHIB stands resilient, sustaining its gains and defying profit-taking pressures. The recent rally in CRYPTOCAP:SHIB price coincides with Bitcoin and Ethereum's resurgence in 2024, signaling a broader trend of capital rotation within the crypto space. As investors seek alternative avenues for profits, meme coins like CRYPTOCAP:SHIB , along with AI, metaverse, and gaming tokens, emerge as attractive options for speculative investments. Key Catalysts Driving SHIB's Rally At the forefront of CRYPTOCAP:SHIB 's price surge is the relentless pursuit of ecosystem expansion by its lead developer, Shytoshi Kusama. Kusama's efforts to secure the listing of ecosystem token BONE on Binance have injected optimism into the CRYPTOCAP:SHIB community, fueling bullish sentiment and driving demand for the meme coin. Furthermore, the recent burning of 13 billion CRYPTOCAP:SHIB tokens, worth $463,000, on March 9, underscores the commitment to reducing the circulating supply of SHIB, thereby potentially increasing its scarcity and perceived value among investors. Navigating Volatility: Opportunities Amidst Challenges Despite facing significant profit-taking activities, CRYPTOCAP:SHIB price managed to sustain above the psychologically important support level of $0.000030, signaling resilience and investor confidence in the project's long-term prospects. Moreover, SHIB's ability to rebound from a notable dip on March 3, offering a lucrative "buy the dip" opportunity to traders, highlights the underlying strength and resilience of the meme coin amidst market fluctuations. Looking Ahead: Potential for Further Upside With £SHIB's weekly gains of 55% and a reduction in selling pressure as reflected by the decline in CRYPTOCAP:SHIB supply on exchanges, the meme coin is poised for further upside potential. As buying pressure continues to support SHIB's price momentum, investors anticipate a continued climb towards its year-to-date high.
COINBASE:SHIBUSDLong
by DEXWireNews
4
Shiba Potential Upward Move in the Works? (UPDATE) CRYPTO:SHIBUSD : Potential Upward Move in the Works? This update focuses on the potential price movement of Shiba (SHIBUSDT) in the next 24 hours. After a period of consolidation, the SHIB/USDT chart suggests a possible movement to the upside. Why This Might Happen?! Bitcoin Momentum: The recent rises in Bitcoin's price often influences the broader market, including meme like Shiba. Increased Trading Activity: Growing transaction volume and market capitalization across the cryptocurrency space could fuel a more intense and rapid upward movement for SHIB. Important Note: This is just an analysis, and future price movements are never guaranteed. It's crucial to do your own research before making any trading decisions. Good luck!
Long
by Arash-RK
SHIB/USDT A successful Break the supply, Indicating Continue UP💎 SHIBA has recently exhibited significant market dynamics. Currently, it is encountering resistance at the supply area, with the previous attempt to breach it at 0.00388 resulting in rejection. 💎 If SHIBA manages to successfully break above this supply area, confirmed by a daily candle closing above it, there is probability for SHIBA to continue its upward movement and reach our target area. 💎 However, if SHIBA fails to break out above the supply area, there is a likelihood of price rejection and a subsequent decline towards the demand area. Notably, SHIBA has yet to retest the demand area after its significant breakout in the past. 💎 The demand area holds crucial significance for SHIBA, as a bounce from this level would signify strength and an attempt to re-challenge the supply area. 💎 However, failure to sustain above the demand area, resulting in a breakdown, would signal a bearish sentiment. This could lead SHIBA to revert to a bearish trend, potentially prompting further downward movement towards the support area, or even lower levels.
by MyCryptoParadise
1
SHIB Analysis: Breakout Confirmation and Potential UpsurgeThis analysis examines the recent breakout of Shiba Inu (SHIB) and assesses its potential for further upward movement. Previous Analysis Validation:🫶🏻💪🏻 The previous analysis successfully predicted the price reaching the anticipated weekly resistance level. Breakout Confirmation:📊📈 The recent breakout above the weekly resistance level confirms the bullish trend reversal. Breakout Confirmation: The recent breakout above the weekly resistance level confirms the bullish trend reversal. 4-Hour Trendline and Triangle Pattern:✅ A breakout above the current 4-hour trendline is expected to further validate the uptrend. A successful breakout from the triangle pattern also indicates a continuation of the upward momentum. RSI and Risk Considerations:⛔ The RSI indicator is not yet in the overbought zone, suggesting that there is room for further growth. However, the lack of strong momentum warrants a cautious approach to entering new positions. Conclusion: The successful breakout of Shiba Inu BINANCE:SHIBUSDT and the bullish technical indicators suggest a potential for further upward movement. However, traders should exercise caution due to the absence of strong momentum. This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.
Long
by solinash1
SHIB (Shiba Inu) Technical Analysis#SHIB has decisively broken out of its extended sideways consolidation, signaling a strong bullish shift. This analysis examines how to capitalize on this momentum by employing price action strategies in the context of the current range breakout. We'll focus on reading price action to identify opportune entry points. Be mindful of expected volatility, and prioritize rigorous risk management practices. Disclaimer: This analysis serves as a technical perspective and should not be interpreted as direct financial advice. Cryptocurrencies carry inherent risks. Always seek guidance from a qualified financial professional and thoroughly assess your individual risk profile before any investment decisions.
Long
by fxtraderanthony
1
Market Update - March 7, 2024 BTC ATH breaks historical four-year halving cycle trend: Bitcoin (BTC) broke above the $69,000 mark this week, setting a new all time high of $69,324 on Tuesday morning. Despite common consensus of a post-halving bull run in the cards, like others that occurred in past four-year cycles, the market appears to be responding positively to the upcoming BTC halving and moving earlier than anticipated. ETH holds firm despite sell off and ETH ETF delays: A sell-off following the BTC price run, as well as the SEC’s announcement to delay the decision deadlines on the spot Ethereum (ETH) ETF applications from Blackrock and Fidelity, had little impact on the price of ETH, with the market focusing on the anticipated launch of the network's Dencun upgrade, which is set to go live in the coming days. Michael Saylor's MicroStrategy is looking to raise $600M to buy more BTC: MicroStrategy (MSTR) has announced plans to raise $600M by selling convertible debt in a private offering, for the alleged purpose of acquiring more bitcoin, taking advantage of the recent price run, and adding to its 193,000 BTC stack. Meme coin mania is back: Momentum gathered for the six meme coins currently populating the top 100 list of cryptos by market cap, with multiple triple-digit percentage gains across the board, made up of DOGE, SHIB, PEPE, BONK, WIF, and FLOKI. Coinmarketcap data currently show the aggregate market cap of all meme coins standing at approximately $60B, with $30B in trading volume over the past 24 hours. The flurry of activity particularly across meme coins may suggest retail investors are beginning to return to the market or new retail participants are entering the market.. Soon, but not too soon for US interest rate cuts: Federal Reserve Chair Jerome Powell told House lawmakers on Wednesday that interest rate cuts are likely "at some point" in 2024, but not in the near future. ⏳ Topic of the Week: What is the Bitcoin halving? 👉Read more here
GEMINI:BTCUSD
by Gemini
Unlocking Potential: SHIB/USDT's Bullish Breakout AwaitsPotential strategic entry for $SHIBUSDT. The setup is not merely a chart pattern; it's a confluence of indicators signaling a potential surge. With keen eyes on a symmetrical triangle and bullish divergences lining up, we're at the cusp of a breakout that could redefine the short-term trajectory of SHIB. The chart displayed provides my trading setup for BINANCE:SHIBUSDT , depicting a potential long position opportunity based on the convergence of several technical analysis factors cited below: Symmetrical Triangle Pattern: Price action has formed a symmetrical triangle pattern, indicative of a consolidation phase following a trend. A symmetrical triangle suggests a period of market indecision. A breakout above the upper trendline can often be a bullish signal, prompting a long entry. Now am i waiting for the breakout? personally no, i entered the trade in this point already. If the breakout doesn't happen than the trade will go against me. For a safer trade, please wait for breakout and retest. EMA Crossover: The price is currently positioned above the 200 EMA (grey line) and the 50 EMA is above the 200 EMA, indicating that the short-term trend is bullish. The EMA serves as dynamic support, reinforcing the potential for an upward price movement upon a breakout. As the old rule says, no short trades in such conditions. We are only longing in this market sentiment. Stop-Loss Zone: As for our Stop Loss we are placing it slightly below the 200 EMA. TPR shouldn't be greedy and we are at 200%. Conservative traders considering this setup should wait for a definitive breakout above the upper trendline of the triangle, ideally on higher volume, before executing a long position. However, as with any trade, maintaining a disciplined approach with stop-loss and not exceeding a rational position size relative to account equity is critical to risk management. The 200% TPR is an ambitious but not greedy target and should be considered with the understanding that such returns are atypical and carry corresponding risks.
Long
by Lucas_CryptoLab