Cryptolean Shiba Inu SHIB UpdateNot much changed since the last update, since Shiba Inu found a support at $0.00002399-$0.00002509.
It is struggling to break through the resistance of $0.00002769 for the last 5 days though.
A bullish break-out of $0.00002769 will result in a move to re-test $0.00003107.
However, a bearish break-out of $0.00002399-$0.00002509 will push SHIB price lower towards $0.00002171 and $0.00001911.
Shibausdt
Shiba Inu (SHIBUSDT): Potential Bounce Back After Correction?Shiba Inu ( BINANCE:SHIBUSDT ) has reached a confluence of support levels after a recent price correction. This includes the support and resistance zone, daily and weekly pivot points, and potentially multiple micro, mini, and macro chart channels.
Positive Influences:
Support Levels: Reaching these support zones often indicates a buying opportunity for bulls.
Bitcoin's Rise: Historically, strong performance by Bitcoin can sometimes lead to positive movements in altcoins like SHIB.
Increased Trading Activity: Rising transaction volume in SHIB/USDT suggests growing interest from buyers.
What to Waiting For?
Channel Breakout: A decisive break above the upper channel line could signal a stronger upward trend.
Liquidity Rise: Increased trading volume (liquidity) often accompanies significant price movements.
Important:
This analysis is for informational purposes only and not financial advice.
Past performance is not necessarily indicative of future results.
Do your own research before making any investment decisions.
SHIB Retesting Support and May Drop to $0.00001909In recent trading sessions, BINANCE:SHIBUSDT has displayed a downward trend on the 4-hour chart, indicating potential challenges ahead for investors.
The 9 Exponential Moving Average (EMA) and 20 EMA trajectories reinforce the bearish outlook. The 9 EMA values have decreased from $0.00002765 to $0.00002635 over the last 48 hours, while the 20 EMA has softened from $0.00002823 to $0.00002732, indicating a bearish crossover scenario where the short-term momentum is weaker than the long-term trend, a typical signal for declining prices.
Further compounding the bearish sentiment, the Moving Average Convergence Divergence (MACD) shows a negative histogram progression, evolving from a near-zero difference to a more pronounced negative gap between the MACD line and its signal line. This transition in the histogram values suggests increasing bearish momentum.
The Relative Strength Index (RSI) offers additional insight, with values consistently below the 50 threshold. This indicates that the market is in a state of bearish momentum, not yet oversold but certainly leaning away from bullish territory.
The immediate resistance levels are set at $0.00002982, with further ceilings at $0.00003312 and $0.00003368. These levels represent significant barriers for any potential upside recovery. On the downside, support is found at $0.00002489, with a critical level at $0.00001042, which, if breached, could signal further declines.
Cryptolean Shiba Inu SHIB Update Shiba Inu found a support at $0.00002399-$0.00002509, the key daily support zone.
A bullish reversal from this zone is likely, assuming we see back bullishness in BTC, and will result in a move to re-test $0.00003107.
A bearish break-out of $0.00002399-$0.00002509 will push SHIB price lower towards $0.00001911.
Intraday Chart
The SHIBUSD 4-Hour chart is bearish and moving to the key intraday resistance at $0.00002814.
(1) A bearish rejection of $0.00002814 or (2) a bearish dip to below $0.00002304 will lead to Shiba Inu price declining to $0.00001264-$0.00001697, the key daily support zone.
A bullish break-out of $0.00002814 will push price to re-test $$0.00003288 and possibly $0.00003762.
Support once read!
Thank you.
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.
📈Bullish on Shiba: Potential for Strong Rally🚀🔥🔍Today's analysis focuses on Shiba Coin (SHIB) in the daily timeframe, where it has recently experienced a remarkable 417% growth, showcasing its significant potential. SHIB is among the most popular meme coins in the market, boasting a large community of loyal holders.
📈Following such a powerful upward movement, a correction is entirely natural and essential for sustaining a healthy trend. A trend line from the weekly timeframe has been broken, indicating the extent of the 417% movement.
🛒Currently, the price is stabilizing, suggesting that considering spot buying within this range could be prudent. If the price begins to correct, waiting for confirmation candles within the range of 0.000015 to 0.000018 could be a strategic entry point.
💎Alternatively, a scenario where the price finds support upon reaching the SMA25 for its next move is plausible. If the market fails to initiate movement upon reaching the SMA, patience for Fibonacci levels may be necessary.
🚀For futures trading, it's advisable to sideline Shiba Coin and explore other options, considering its tendency for volatile movements and potential for easy liquidation.
🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.
SHIB/USDT - BUY OPPORTUNITYA great opportunity for a long term equity growth off this popular meme coin from this buy area; it presents a low risk / high reward as its almost bottomed and has been fluctuating at this price range, accumulation phase, before the bulls take over.
Disclaimer: Trade at your own risk! Crypto is highly volatile and you can lose all your investments without any returns!!!
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.
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".
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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.
Is Shiba Poised for a Potential Breakout?BINANCE:SHIBUSDT
Is Shiba Poised for a Potential Breakout?
Shiba is currently showing signs of accumulating strength and potentially gearing up for an upward move. The price appears to be forming a bullish triangle pattern, and a surge could be imminent once it breaks through the triangle's bottom trendline. This potential breakout is further bolstered by the support of the 120-day moving average, which often indicates an underlying uptrend.
3 Key Points:
Shiba Coin might be forming a bullish triangle pattern.
Price could rise once it breaks through the triangle's bottom.
Support from the 120-day moving average adds to the bullish signal.
Remember: This analysis is for informational purposes only and shouldn't be taken as financial advice. Always do your own research before making any investment decisions.
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.
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.
SHIB: scalp in M15📊Analysis by AhmadArz:
🔍Entry: 3645
🛑Stop Loss: 3437
🎯Take Profit: 3955-4216-4455
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SHIB Shiba Inu Massive Correction SoonIf you haven`t bought the dip on SHIB Shiba Inu:
Now, at an RSI exceeding 96, it seems we are currently in a massive bubble.
The previous corrections following an RSI surpassing 80 were significant, as you can see in the chart!
Taking into account the Fibonacci retracement tool, my anticipated price target is $0.00001400, corresponding to the 0.618 level!
SHIBA! Continuation; Bulls vs BearsThe gloves are coming off.
SHIBA is now attempting to hold off sellers, as the bulls have been showing that their buying power is to much while soaking up demand.
IF SHIBA can successfully hold and confirm support above these levels, SHIBA is a MUST buy with crazy potential.
PLEASE, I ask. Do not put in a trade while we are in this spot. Be patient and WAIT for this to play out, as we know EXACTLY what SHIBA does above these levels once it CONFIRMS itself above these levels.
Its all up to the market makers and how strong buyers are here. Be patient!
#SHIB/USDT#SHIB
The price has been moving in a very orderly manner since the beginning of the year.
Inside a strong bearish channel, the price has always respected Trends.
Recently the Moving Average 100 was broken.
We are about to break the downtrend.
Current price is 0.00000860.
First goal: 0.00001160
Second goal 0.00001492
This represents 300% of the current price.
Supported by upward momentum from the market.