$SHIB.X all time highs coming with more momentumWow look at that $SHIB Volume Point of Control (yellow line) around *.*46 and that MACD. So many bullish signals I can't put on one chart alone...
Shibatoken
Shiba Inu Network Activity Soars; SHIB Bulls Hunt Higher Support
Shiba Inu fails to return to $0.000045 but is holding above $0.00004.
The number of new and activity addresses on the SHIB network spikes is a bullish signal.
Since the weekend session, Shiba Inu has been a top for discussion in the cryptocurrency space, especially on social channels like Twitter. The meme-based coin enjoys massive support from the vibrant community, who want nothing but to see it hitting hundreds of percentages in gains every week.
Shiba Inu nearly hit $0.000045 during the weekend rally, outpacing its older ‘cousin’ Dogecoin. Despite Elon Musk sticking with DOGE and calling it the currency of the people, SHIB kept the uptrend intact. The Tesla billionaire also clarified that he did not own any SHIB tokens and the only crypto assets he currently holds are Bitcoin, Ethereum, and his favorite DOGE.
Shiba Inu Seeks Higher Support To Keep The Uptrend On Track
Following the massive upswing to areas very close to $0.000045, Shiba Inu retreated and secured support at $0.000035. An immediate reflex recoil occurred, sending the Dogecoin spinoff above $0.00004.
Nonetheless, Shiba Inu is yet to close the distance at $0.000045 but trading at $0.000041 at writing. Support at $0.00004 is expected to come in handy and aid the bulls in stopping the potential pullback to $0.000035.
Meanwhile, the MACD shows that buyers still have the upper hand, especially with the momentum following tool far above the mean line. A buy signal has also been sustained. If this technical picture remains unchanged, I expect Shiba Inu to gain traction above $0.000045 gradually.
It is worth mentioning that overbought conditions contributed to the pulldown of the token, as the retreating RSI. As the index drops from the overbought area, the odds favor the bears, resulting in a more extensive correction.
The token’s network activity has been on an upward roll based on on-chain data by IntoTheBlock. Realize the number of new addresses created on the Shiba Inu protocol recently spiked to roughly 29,000 while the number of active addresses per day shot up to 57,000.
This increase in network activity is a bullish signal. It shows that buyers have the potential to sustain the uptrend, at least for the near term.
SHIB Shiba Inu Consolidation AreaAs you can see in this chart, my price target at 0.00000750 was 0.00003500.
Once the price was hit, a consolidation area at 2000` followed before the next pump.
What i see right now is another consolidation area that SHIB needs to make in order to compete with DOGE`s market cap!
Shiba, might form another bullish pennant.Shiba, we just reach the ATH as we aimed for. It broke on the bullish pennant. Right now, it might form another bullish pennant.
$SHIBA so much more to go...100XBeen on $SHIBA for a while now, and it's a darling! Never disappoints. With so much more room to grow and still going strong when the other coins are going down. Buy the dip and always do your DD! We have at least another 2-3 days with major pumps, just look at the last time around. It will beat DOGE very very soon. Best of luck!!!
Shiba Inu to Consolidate and Keep GoingThis is not financial advice, but my fundamental analysis of this coin has shown that it truly has the gas to outlast and outperform DOGE coin's growth and use potential. With recent comments about Shib from Robinhood's CEO, many are left wondering which DEX will list SHIBA INU next, and whether or not SHIB will in fact become Robinhood's 8th Crypto holding option. With Elon Musk tweeting about Shiba Inu just a few weeks back, momentum is still building, and Shiba INU may just be getting started.
-Additional burns incoming from Shib as well...
SHIBA INU Reverse H&S on HourlyShiba Inu coin has continued down the projected and expected corridor forming what appears to be a massive bull flag. If we look inside; however, we can also see that a Reverse H&S pattern may be emerging signaling a mark up in price is likely.
Shiba Inu! Excaltly what I predicted. Shiba Inu! Exactly what I predicted! LOL! It was on a bullish pennant and reached the ATH. Now will it break the Resistance to the upside? Or we will a see a double top and or a correction?
SHIB SHIBUSDT LONG Stop loss levels mentionedSHIBUSDT is moving exceptionally we can attempt to still ride the trend with stop losses. As it is making higher highs and higher lows and continuing its bullish trend. stop losses level are on higher lows
Entry at current level
Stop Loss 1 = 0.00003463
Stop Loss 2 = 0.00003204
What SHIBA INU CEO Just Said about RobinhoodLast night Jim Cramer asked Robinhood CEO Vlad Tenev about adding Shiba Inu coin to the exchange. He didn't exactly answer the question by saying "no" but instead, simply mentioned that they only offer 7 coins for now, but that everything must go through stringent criteria before being added.
A report from thedailysats.com stated:
"If Tenev did confirm it, the news would have caused a frenzy causing a pump and dump. Therefore, keeping it hush-hush would also make sense. While one can only speculate, only time will tell if the exchange is actually listing the wildly popular dog-themed cryptocurrency."
Personally, I believe that some big things are still in the works for Shiba Inu as so many retail investors are taking notice. I'm going to keep an eye on this one as I believe that it has potential to outpace DOGE over the long term.