SHIBA INU will make some incredible gains in the coming months.SHIBA INU is going to make some incredible gains in the coming months. This coin is very popular in Japan, and as the Japanese Yen continues to lose value, the remaining buying power will seek after assets to preserve capital.
Watch SHIBA INU as a sign for what's coming to XRP, as XRP will follow.
Enjoy!
Shibainu
GTAI/USDT : Another Bullrun Ahead ? (READ THE CAPTION)By analyzing the #GTProtocol chart on the 4-hour timeframe, we observe that, as expected from our previous analysis, this cryptocurrency has grown by 13% to reach $0.5620! Now, after a correction that brought GT Protocol down to the $0.48 level, we see support at this range. If the price can stabilize above the support zone of $0.45 to $0.48, we can anticipate further growth from this cryptocurrency! The expected short-term return is 9%, and the mid-term return is 45%.
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Best Regards , Arman Shaban
SHIB Technical Analysis in a Weekly TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
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~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
SHIB is currently in a downtrend and is likely to fall further if the market faces another bearish scenario.
The price at $0.0000135 is currently hovering between support and resistance. The RSI is close to the oversold zone, indicating some room for further bearish movement.
A quick market reversal could change the outlook, but nothing can be confirmed at this time.
Key levels:
- Lower Support: $0.000006836
- Primary Resistance: $0.00001799
- Resistance Trendline: $0.000025
- Target: Previous all-time high
DYOR, NFA.
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GBP/USD : The Price Will Fall ! (READ THE CAPTION)By examining the GBP/USD chart in the 4-hour timeframe, we observe that the price has entered our desired supply zone as expected and has shown an initial reaction to this level. I expect this pair to decline in price with the market opening, with the first target being 1.27050.
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 !
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Ethereum Weekly Analysis: Bulls are Coming! (READ CAPTION)By examining the #Ethereum chart in the weekly timeframe (logarithmic), we observe that last week, the price entered the desired demand zone and, after dropping to $2110, encountered buying pressure again. Currently, it has managed to rise over 20% and is trading around $2500. As you know, this support level is crucial for the beginning of the next bullish trend, and if the price stabilizes above this zone, we can expect further upward movement to higher levels.
Dogecoin Weekly Analysis: Another Bull Move Ahead (READ CAPTION)By examining the #Dogecoin chart in the weekly timeframe (logarithmic), we observe that after dropping to $0.080 last week, the price saw heavy demand and increased by 30%, reaching $0.105. Currently, Dogecoin is trading above 10 cents, and we need to see if the price will successfully stabilize above 10 cents in the coming week. The mid-term price targets are $0.14, $0.1660, and $0.23. The expected return in the mid-term is over 100%.
Bitcoin Weekly Analysis: Bull or Bear ? (Read the Caption)By examining the #Bitcoin chart in the weekly timeframe, we observe that in the past week, the price dropped to $49,000 and then encountered buying pressure, rising up to $63,000. Currently, Bitcoin is trading around $59,750, and we need to see if the weekly candle will close below $60K or above $60K in the next 4 hours. The price might even rise to $63,400 in the coming week, after which it could undergo another correction. This analysis will be updated next week.
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Shib path to November 2024 - 2025 Hola Shib-inu fans, I have been getting request while I was away - asking what's the next move for Shib in this current market today.
Along with questions such as:
Why is it crashing so much?
Should you buy, hold, or sell?
Where do you see the market in the next year?
To answer that question is simply put I can not answer that directly at this time. Reason being, the market is currently influenced by the United States political and economical climate and is likely going to make an even greater impact based on which candidate wins office.
Republicans🐘 vs 🐎Democrats
Currently control the market movement, and if you don't believe me, after Donald Trump was shot, Republicans believed that this would land Trump a landslide victory, so Whales and influencers to the market flooded the main crypto wallets BTC and ETH among others with rally that led the price of bitcoin from a 56k lost back to a 70k return. Another example of how the US as well as China has a major controlling factor on how the market moves, is the fact that this most recent crash is based on the US CPI report being unsatisfactory forcing both the crypto and SnP market to crash from that outcome alone.
This is mostly the results of Bitcoin and its holders trying desperately to have ETF's take center stage and by doing so gave much of the control over financial growth to the banks and the governments that control them. That's the price we paid to have ETF's we are now apart of the regulatory stock market which is mainly control by the US market base.
So to understand where the next move for shib may lead is basically impossible to tell depending on who wins in November, so to help with this issue, I made a pathing map, and possible areas of concern for holders to look out for on a modified day chart converted to a weekly chart.
This path starts and end in November of 2024 to 2025 where if the republicans win, it will influence buying power from whales looking to capitalize on the returning president trump and the republican party new policies that want to put in place that is more beneficial to those with wealth they which to extend further.
vs
Another democratic win where policies may not change to much but will be a greater impact on the financial markets as a whole which will not rally whales if any at all and will likely cause a selloff in much of the markets not just in crypto.
So hopefully this map helps guide you to a positive path to riches or avoid a possible path to ruin.
Shiba Inu Price Drops 22%. Can it break the trend?The 22% drop in Shiba Inu’s price over the last 24 hours results from bearish investors and similar market conditions. Signs of SHIB holder’s negative sentiment became evident following the shift in funding rate.
The funding rate indicates that SHIB investors have been anticipating a decline, with their expectations aligning with the recent drop in price. Their concerns about a downturn were realized as soon as the price turned red.
The Chaikin Money Flow (CMF) further illustrates that Shiba Inu investors have been actively withdrawing their investments. This trend of significant outflows highlights growing caution or dissatisfaction among the investor base.
Shiba Inu’s price at $0.00001105 fell below the support of $0.00001141, leaving the altcoin vulnerable to falling to the support of $0.00000898. This level has prevented further decline in the past, and SHIB could bounce back from it.
To recover and break the downtrend line, the meme coin must first turn $0.00001473 into support. Given the current challenges, this could be difficult, and SHIB might consolidate below this level.
On the other hand, if SHIB investors change their stance and turn bullish again, recovery is possible. Breaching the downtrend line would invalidate the bearish thesis and help reclaim lost profits.
Strong selling pressureBINANCE:SHIBUSDT Shiba has faced a sharp decline in price, and as you can see, it is below its downward trend line and it has failed to break through identified resistance levels. This indicates strong selling pressure and decreased investor confidence.
Support and Resistance Levels:
Support Level: If the downtrend continues, the price is likely to reach the support level of 0.0000137885. This level acts as a key point to prevent further price declines.
Resistance Levels: To reverse the current downtrend, the price needs to break out of the descending channel and surpass important resistance levels at 0.0000150638 and 0.0000160392. Breaking through these levels would indicate a return of buyer strength and the potential start of an upward trend.
If the price fails to break through the key resistance levels, the selling pressure may continue to push the price downward. Conversely, if the price surpasses these levels, the likelihood of a trend reversal and an upward movement increases.
Dogecoin Weekly Analysis: +100% Expected Return! (READ CAPTION)By analyzing the #Dogecoin chart on the weekly (logarithmic) time frame, we observe that the price finally managed to fill our desired FVG with a powerful drop, followed by a 57% surge from $0.091 to $0.1437. Now, we can see on the chart that, like other cryptocurrencies in the market, Dogecoin has also undergone a price correction and is currently trading around $0.1130. If the price stabilizes above the $0.091 level, we can expect further growth from Dogecoin, with the next targets being $0.14, $0.1660, and $0.23. The expected return in the medium term is over 100%.
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 !
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Cardano Weekly Analysis: Ready for LONG ? (READ THE CAPTION)By analyzing the #Cardano chart on the daily (logarithmic) time frame, we observe that the price has started to rise as we expected in our previous analysis, hitting the first target at $0.42 and the second target at $0.45! After gathering the necessary liquidity, it began a further correction and is currently trading around $0.368. As you can see, the $0.317 to $0.36 range is an important demand zone, and we need to see if the price will stabilize above this level. If the price stabilizes above this support level, the medium-term targets will be $0.3810, $0.4270, and $0.4570, 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 !
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Ethereum Weekly Analysis: First Short, Then LONG! (READ CAPTION)By analyzing the #Ethereum chart on the weekly (logarithmic) time frame, we observe that after the price reached the Bearish OB zone between $3750 and $4150, it faced selling pressure and corrected down to $2800. Currently, the price is trading around $3000, and we need to see if the support at the $2900 level can hold. In my opinion, Ethereum might correct down to $2500 before starting its next bullish move, driven by increased demand in that area. The important demand levels are $2176 to $2500 and $1367 to $1592. The long-term targets for the price are $4100 and $4880.
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
Bitcoin Weekly Analysis: Key Support and Next Targets of $BTC ! Analyzing the #Bitcoin chart on the weekly timeframe, we observe that after entering our targeted supply zone, the price experienced an initial correction and dropped to $63,500. Subsequently, it encountered increased demand and was able to rise to $70,000 yesterday. As we know, $70K is a significant psychological resistance level, so the price reacted to it and is currently trading around $66,600. We need to see if the price can stabilize above the support range of $62,700 to $63,500. If it holds above this support level, we can anticipate further growth in Bitcoin, with the next targets being $72,000, $73,777, and $77,000.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
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$SHIB support and green zone for buying long and refillI have been following CRYPTOCAP:SHIB for quite a long time, and it is in a very long downtrend. This chart is similar to the setups I have created for other coins; it highlights a great zone to refill your portfolio with a high probability of good performance.
DYOR, check my other setups; they are all good and doing +30% with no leverage. Don't forget to take your profit and control your greed. Meme coins are not for holding long-term—make a profit, sell, and buy another one.
We are in a CRYPTOCAP:BTC downtrend, so it's time to catch opportunities. In 2 months, the current prices will look very cheap.
An entry at 0.000015 or less is a bargain. Then, just wait 2 months and sell at the top of the altseason.
GTAI/USDT : Bull or Bear ? (READ THE CAPTION)Analyzing the #GT_Protocol chart on the 4-hour timeframe, we can see that, as expected, this cryptocurrency has moved upward twice since our analysis. The first move recorded a return of 16%, and the second move, after entering the demand zone at $0.64, resulted in another 11% return. In total, the return on this analysis from last week to today has exceeded 27%! This analysis remains valid. (This Analysis 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 !
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Why I say SHIBA INCREASE is CLOSE We'll take a look at a few methods of chart analysis that ultimately says a Shiba Inu increase season is on the horizon.
✅ RSI
The RSI has been fair to low for an extended period of time. We also observe a bottom out on the RSI where an all time low is observed for the year, likely indicating the bottom is in:
✅ V-Shape Recovery
A strong V-Shaped recovery is observed in the 4h, indicating buyers were ready to scoop up lower prices:
So what are we waiting for?
👉 Technical Indicator
In order to send SHIB, we will first need to see the price close ABOVE the trendline, at which point a "BUY" alert will go off:
What would invalidate my bullish sentiment, is IF the price is unable to et back above the trendline pointed out above on the technical indicator, and IF we lost the higher lows:
_______________________________________
BINANCE:SHIBUSDT
SHIB Burn Rate Spike 7300% Sparks Potential for a BreakoutThe Shiba Inu coin (SHIB), often referred to as a meme cryptocurrency, has captured significant attention in the crypto community with a dramatic increase in its burn rate. The recent surge of over 7300% in SHIB's burn rate has sparked optimism and speculation about a possible price rally.
Burn Rate Skyrockets
According to Shibburn, the burn rate for Shiba Inu ( CRYPTOCAP:SHIB ) soared an astonishing 7334.38% in the past 24 hours, with 2.37 million coins being destroyed. This significant reduction in the coin’s total supply, now trimmed to 589.27 trillion CRYPTOCAP:SHIB , has reignited hope among investors and market watchers. Over the past week, a total of 70.44 million CRYPTOCAP:SHIB were incinerated, further emphasizing the aggressive burn strategy.
Market Reaction
Despite the burn rate spike,$ SHIB's price has been on a downward trajectory, slipping to $0.00001673, a 3.04% dip at the time of writing. The coin's recent high was $0.00002 on July 16, but it has since faced a steady decline. This price movement has raised concerns among investors, especially given the recent increase in burn activity.
Technical Analysis and Market Sentiment
Recent CRYPTOCAP:SHIB price analysis indicates a positive sentiment for the asset’s future. The coin is currently navigating a downtrend within a falling wedge pattern, a formation often seen as a precursor to a potential breakout. Further accentuating to the bullish outlook is the Relative Strength Index (RSI) which sits at 44.85. The maturity of this pattern suggests that the downtrend may be nearing its end, paving the way for a possible price pump. Shiba Inu also shows pattern of a Golden cross which is a major bullish reversal pattern it occurs as the result of a crossover of the 200-day average by the 50-day average.
Furthermore, SHIB’s futures open interest (OI) rose by 0.81% to $41.56 million, and derivatives trading volume spiked by 42.52% to $68.79 million. These indicators show a growing interest in SHIB among investors, despite the recent price dip.
Shibarium's Role
Shibarium, Shiba Inu’s Layer 2 (L2) solution, has recently surpassed 6 million blocks, marking a significant milestone for the coin’s ecosystem. This development, coupled with the increased burn rate, suggests a robust underlying framework that could support future price growth.
Future Outlook
A bullish signal that could indicate the end of the downtrend. With the burn rate surge and strong technical indicators, there is a growing belief that SHIB could reach the $0.0000377 target in August.
Conclusion
The Shiba Inu coin’s dramatic increase in burn rate and the associated market optimism present a compelling narrative for potential price growth. While the coin has faced a recent decline, the underlying technical and market dynamics suggest a possible turnaround. Investors and market participants should watch closely, as SHIB's price action in the coming weeks could confirm or challenge these optimistic projections.
SHIB: Breakout or Consolidation?The trading volume is 88.414B SHIB, indicating significant market activity.
Parabolic SAR indicates a potential bullish trend with the SAR at $0.00001652.
The SMA is at $0.00001705, indicating that the current price is slightly above the moving average, which can be a bullish sign.
The histogram value is 0.00000011, MACD line is -0.00000001, and the signal line is -0.00000012, indicating a neutral trend but showing signs of a potential bullish crossover.
%K at 78.02 and %D at 82.52, indicating near overbought conditions.
The RSI stands at 55.80, suggesting that SHIB is in a neutral zone with a slight bullish bias.
Market Sentiment
The market sentiment for SHIB appears cautiously optimistic. The MACD is showing signs of a potential bullish crossover, while the RSI and Stochastic Oscillator indicate neutral to near overbought conditions.
Potential Market Scenarios
Bullish Scenario:
A decisive break above the dynamic resistance at $0.00001755 could lead to further upward movement, targeting higher resistance levels around $0.00001800.
Bearish Scenario:
If SHIB fails to break above the dynamic resistance, it could retest the support levels at $0.00001677 and $0.00001598. A break below $0.00001598 could signal further declines.
When to Buy SHIB for Investment
Current Situation:
Given SHIB's current price at $0.00001723 and the technical indicators suggesting potential consolidation or a slight bullish trend, a cautious approach is warranted.
Optimal Buying Strategy:
Wait for a Breakout or Dip: Watch for a breakout above $0.00001755 for bullish confirmation or wait for a dip towards the solid support level at $0.00001598.
Solid Support Level: If the price drops further, the solid support at $0.00001598 is a strong level to consider for investment. Historically, SHIB has found significant buying interest at this level, making it a safer entry point.
Gradual Accumulation: Alternatively, adopting a dollar-cost averaging (DCA) strategy by buying small amounts at regular intervals can mitigate the risk of market timing and take advantage of potential dips.
Conclusion and Market Outlook
SHIB is currently positioned with significant support and resistance levels to watch. While technical indicators suggest potential consolidation in the short term, the MACD showing signs of a bullish crossover and overall market activity suggest room for growth.
Impact of Bitcoin:
It's essential to note that Bitcoin (BTC) is currently at a crucial level. If BTC fails to surpass its all-time high and experiences a significant drop, it could negatively impact the broader cryptocurrency market, including SHIB. Monitoring BTC's price action is vital for understanding potential risks to SHIB's price movements.