SHIBA INU — 2024-5CRYPTOCAP:SHIB is a meme token which began as a fun currency and has now captured mainstream attention as a meme coin. What started of as a meme coin has attracted a decent following of developers who have built a decentralized ecosytem around the token, including a dedicated L2 chain Shibarium.
Shibtoken
What a Wonderful Time - to be a - Shib🐶fan🚀 BINANCE:SHIBUSDT
COINBASE:SHIBUSD
CRYPTOCAP:SHIB
Buy now or miss out on the ride as signs are pointing up for the next big move - This will last until the 1'st of September be expecting heavy peak drops but a potential rise back to another potential level shib is on the move and it get's no better than this till October.
Day Chart and closing predictions
What are your thoughts on this potential rise?
#buyshibnow!
$SHIB.X Super Duper Supernova!$SHIB.X now live on Robinhood!
What is Shiba Inu (SHIB)?
Shiba Inu (SHIB) is a meme token which began as a fun currency and has now transformed into a decentralized ecosystem. During the initial launch, 50% of the supply was allocated into Vitalik Buterin's ethereum wallet. The price of SHIB has soared from as low as $0.000000000056 to an all time high of $0.000084, that is a 150,000 times increase within 8 months.
As a result of that, Vitalik proceeded to donate 10% of his SHIB holdings to a COVID-19 relief effort in India and the remaining 40% is burnt forever. That donation was worth about $1 billion at that time, which makes it one of the largest donation ever in the world.
What has the Shiba Inu community worked on?
The Shiba Inu team launched a decentralized exchange called Shibaswap with 2 new tokens, LEASH and BONE. LEASH is a scarce supply token that is used to offer incentives on Shibaswap. BONE is the governance token for holders to vote on proposals on Doggy DAO.
SHIBUSDT ✅As totally expected, price reached our first level of strong support, for now we expect price to push higher, as level determined I hope you could catch it to buy in area we mentioned. Personally I closed with 30% profit in first touch, I have some just like spot I keep them to run ...
All analysis done from before check link bellow ✅
Any question comment me bellow
@FxShzd
$SHIB bullish breakouts, 100% away from ATHShiba breaking out of a descending wedge in the Higher Time Frames.
RSI trend line also breaking out, volume rising and today the team announced on twitter it reached 1M Holders and posted a teaser for something incoming.
seem bullish enough for at least a run for a new ATH.
SHIB at strong fib levels. Bullish Hidden Divergence at 4H TFNotes:
- Currently forming a pennant pattern
- Support: 0.000058 to 0.000062
- Resistance 1: 0.000075 to 0.000077 due to 3 overlapping fib levels from previous significant highs and lows.
- Resistance 2: 0.000087 previous ATH
- Resistance 3: 0.0001 due to 3 overlapping fib levels from previous significant highs and lows
- RSI shows Bullish Hidden Divergence at 4H TF
- Stochastic shows continuous buy signal but going overbought
- May bounce at 0.000065 before breakout (or breakdown)
SHIBUSDT 4H. NO Stopping SHIBA INU Now 🚀 Simple Analysis on SHIBA purely technical. I am not looking into fundamentals right now. Shiba Inu, the token tagged doge killer is on the move , risen from the dead and it's strong at the moment.
Huge Buy/Sell heat map as seen around the 0.00002039 - 29 price action area. The sell pressure push it down nearly 50%, it bounced, and made Higher Low which is positive for the bulls. Though failed to make Higher High due to resistance area buy sellers.
There seems to be some fundamentals driving this parabolic move, momentum is still strong . Huge support at 0.0000022 price level , which may prevent seeing SHIBA price slip below here for a while , except BTC crashes altcoins generally.
As long we don't break the trendline down, we are good for another parabolic move to break the top resistance.
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