SHIBUSDT
#SHIB 1H. Rising triangle and speculation. 11/22/24
The price has formed an ascending triangle pattern, managed to reach the support level (duringa local correction), and quickly bounced back. Considering these and other factors, I’m looking at this as a potential opportunity for speculation, anticipating further upward movement.
As for you, I recommend entering a position at your own discretion—the decision is yours!
The extreme target is $0.00003042
HolderStat | Memecoins included in the top 100📊 This week’s analysis of top 100 memecoins revealed some surprises: classic memes like DOGE and SHIB didn’t make the top 5 performers or underperformers. Their lower volatility makes them less appealing for quick gains on price growth.
📉 Coins on the Solana network faced notable declines, presenting an opportunity to build positions at lower prices.
🔥 Meanwhile, fresh memecoins across various networks delivered impressive results, grabbing the spotlight for the week.
SHIBUSDT Up Trend ContinuationSHIBUSDT recently surged after breaking out from a consolidation zone, reaching the resistance area at 0.00003 before pulling back. Currently, the price is moving sideways, forming a range as it approaches the upward trendline. This narrowing price action may lead to a breakout and potentially another price surge. The market may dip below the previous week's low to take liquidity before moving higher. The target is the resistance zone around 0.00003
Shiba Inu price rally stalls at $0.0000030 – analysisDespite booking sizeable monthly timeframe gains, Shiba Inu’s price performance has lagged behind its rival memecoins including Dogecoin, PEPE and Solana-hosted BONK.
Dogecoin price was mainly driven by Trump’s confirmation of Elon Musk’s involvement in the incoming administration, the likes of PEPE and BONK have also lifted be recent listings on major exchanges including Robinhood and Coinbase.
SHIB has now stagnated around the $0.000025 level. On-chain data trends suggest this consolidation phase is at risk of further retracement. Since Shiba Inu price retraced from the monthly timeframe peak of $0.000030 on November 13, whale investors have dialed down demand considerably.
However, the $700 million decline in whale demand now puts SHIB at risk of further downswings.
In terms of short-term price projection, SHIB technical indicators are also signaling a potential pull-back towards $0.000023.
The Donchian Channels, calculated using the 20-day high and low, illustrate a tightening price range. SHIB’s price is currently hovering near the lower boundary of the channel, around $0.00002326. This suggests weakening bullish momentum as sellers test the lower end of this critical range.
A close below $0.000023 could trigger additional sell-offs, exposing SHIB to a retest of its next support at $0.000020, which aligns with the lower Donchian threshold from early November.
Given the weakening whale demand and bearish technical signals, Shiba Inu appears poised to test the $0.000022 support level in the coming days. If sellers breach this zone, SHIB risks falling further toward $0.000016, a key support level last tested in October.
SHIB buy/long setupAn important trigger line has been broken on the chart. I have a bullish iCH chart. The larger structure is bullish.
We should look for buy/long in the support ranges.
We are looking for buy/long in the specified range of demand.
Closing a daily candle below the invalidation level will violate this analysis
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
SHIB looks bullish (1D)SHIB seems to be bullish. From where we put the red arrow on the chart, it looks like a triangle is formed, and we are now in wave E of this triangle.
By hitting the green range, we expect another pump from SHIB.
The targets are marked on the picture.
Closing a daily candle below the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
#SHIB/USDT#SHIB
The price is moving in a bearish channel on a 4-hour frame and is adhering to it to a large extent
The price rebounded well from the green support area at the support level 0.000022000, which is a strong level.
We have a trend to hold above the Moving Average 100, which is strong support for the rise
We have very strong oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher
Entry price is 0.00002350
The first goal is 00.00002570
The second goal is 0.00002700
The third goal is 0.00002900
SHIBUSDT Price Breaks Flag Pattern!SHIBUSDT has broken out of a bullish flag pattern on the 1H chart and is trading above the 100 and 200 EMAs. The price surged by 60% after breaking through the resistance zone and has been forming a bullish flag pattern over the last 5 days. Today, the price broke through the flag's resistance, and after a minor pullback, a significant bullish move is expected.
Why Crypto Memecoins are Winning Hearts & Wallets ? The Memecoin Supercycle
The Rise of Memecoins as Dominant Players
- Performance Trends: Memecoins are currently outperforming other crypto asset classes, signaling a shift from the uniform growth of all cryptocurrencies to selective surges in niche categories.
-Data Driven Insight: Among the top tokens, memecoins constitute a significant portion of those that have outperformed Bitcoin year2date
Structural Issues in Traditional Crypto Projects
-Overproduction and Valuation Problems:
- The market is flooded with tokens leading to oversaturation and inflated valuations.
- Many altcoins are launched with extremely high valuations, often benefiting insiders while retail investors bear the losses.
-Centralization: Despite the decentralization ethos, token distributions are often controlled by insiders, alienating retail investors.
Why Memecoins Thrive?
-Market Fit: Memecoins resonate with retail investors due to their simplicity, cultural relevance, and the promise of community-driven gains.
-Speculation and Momentum:Memecoins capitalize on speculative dynamics and community participation, often generating cult-like followings.
- Emotional Utility:Beyond financial returns, memecoins provide entertainment, identity, and a sense of belonging—qualities overlooked by tech-driven tokens.
External Factors Boosting Memecoins
-Economic Pressures: Inflation, income inequality, and job insecurities are pushing individuals toward high-risk, high-reward opportunities.
-Cultural Shifts: With declining influence of traditional institutions like religion, people are gravitating towards digital communities and narratives, such as those offered by memecoins.
Memecoins vs Traditional Altcoins
-Token Dynamics: Memecoins simplify the crypto experience by focusing on the community and token without overcomplicating with software utilities.
-Competitive Advantage:Memecoins are described as “better products” for retail investors due to their accessibility, liquidity, and lack of insider-driven dilution.
Predictions for the Future
-Market Growth: there is a chance for $1 trillion market cap for memecoins, with some reaching valuations above $100 billion.
-Shift in Dominance: Memecoins are expected to occupy a more significant share of the crypto market, outperforming utility-focused tokens and tech-backed assets.
-Institutional Adoption: Venture capitalists and traditional finance players are likely to pivot toward memecoins as they recognize their market potential.
Implications for the Crypto Industry
-Reevaluating Narratives: Memecoins challenge the tech-first narrative of crypto by emphasizing community-driven growth and speculative value.
-Tokenization of Faith:Memecoins symbolize a broader trend of financializing belief systems and creating "mini religions" around digital assets.
-Retail-Centric Approach: The success of memecoins highlights the importance of catering to retail investors' aspirations for financial gains, fun, and community.
Long story short
the memecoin supercycle is not only a reflection of market trends but also a response to broader societal changes. Memecoins have become a powerful force in the crypto landscape by aligning with the emotional and speculative desires of investors. As the industry evolves, their role as cultural and financial phenomena is likely to grow, reshaping how we perceive and participate in cryptocurrency markets.
Which meme coins do you think will pump 100X soon? and why!?
DOGE vs SHIB | UPSIDE POTENTIAL | Which is Better for ALTSEASON?DOGE and SHIB have one thing in common : both are meme coins - and that is probably the only thing.
They each take turns to pump and dump, based on their position in the Total Cryptocurrency by Market Cap Rank. One of these, stands to gain much more than the other due to a few reasons as pointed out in the analysis.
Which one are you rooting for this altseason?
Speaking of altseason; don't miss yesterday's important update on BTC, Bitcoin Dominance, TOTAL3 and altseason:
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BINANCE:DOGEUSDT BINANCE:SHIBUSDT
SHIBA INU more gainHello and greetings to all the crypto enthusiasts, ✌
In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for SHIBA INU, 📚💣
As observed, a significant influx of trading volume has entered the market for this asset. Moreover, this asset is backed by one of the largest media platforms and communities in the global cryptocurrency space, enhancing its influence and market visibility. 📚🎇
Despite the current momentum, there is a possibility of the price declining further to the next lower Fibonacci support level.📚✌
However, following this potential dip, we anticipate a renewed upward movement, leading to a recovery and subsequent price increase. 🎇💡
🧨 Our team's main opinion is Significant trading volume has entered this asset, supported by one of the largest crypto media communities. The price may dip to a lower Fibonacci level before likely rebounding. 🧨
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
SHIB USDT updateThe analysis is in daily time form, so it takes a little time.
Based on the base that was formed below, I sent my analysis, which fortunately was flawless
I checked it more closely today, not much has changed, but I sorted it out and with more precise targets
Friends, there is no doubt that Shiba is bullish, but it is necessary for this trend to close above 30 candles with a strong body and turn this range from 27 to 29.5 into a strong support.
So, in my opinion, it is still too early to say that his promotion is certain
Wait for it to come above this range, close the candle and then safe entry for those who are still waiting for the opportunity to buy.
Shiba's support:
0.00002628
0.00002450
0.00002313
Shiba resistors:
0.00002958
0.00003300
0.00003915
Shiba targets:
near:
0.00004699
0.00006942
Round:
0.000105
0.0001412
0.0001644
Analyzing the Impacts of Shiba Inu's Ambitious US Hub Plan
Shiba Inu's Bold Vision for a US Blockchain Hub
Shiba Inu, the popular meme coin, has recently made headlines with its ambitious plan to establish a strategic blockchain innovation hub in the United States. This bold move, proposed by lead developer Shytoshi Kusama, has sent ripples through the crypto community, leading to a significant 23% surge in the price of SHIB.
A Silicon Valley for Crypto
Kusama's vision is to create a "Silicon Valley for crypto" within the US, fostering innovation, job creation, and economic growth. The proposed hub aims to attract top talent, startups, and investors to the United States, solidifying its position as a global leader in blockchain technology.
The proposed hub, dubbed S.H.I.B., is estimated to cost several billion dollars over a 5-10 year period. However, Kusama believes the long-term benefits far outweigh the initial investment. The hub is expected to generate significant economic activity, create thousands of jobs, and attract numerous blockchain projects to the United States.
Key Components of the S.H.I.B. Plan
• Infrastructure Development: The hub will invest in state-of-the-art infrastructure, including high-speed internet, data centers, and research facilities.
• Economic Incentives: The plan includes tax breaks, grants, and other incentives to attract businesses and talent to the hub.
• Talent Development: The hub will focus on education and training programs to develop a skilled workforce in blockchain technology.
• Regulatory Framework: The hub will work closely with regulators to create a clear and supportive regulatory environment for blockchain businesses.
• Sustainable Practices: The hub will prioritize sustainability, incorporating green energy solutions and eco-friendly practices.
The Impact on SHIB
The announcement of the S.H.I.B. plan has had a significant impact on the price of SHIB. The cryptocurrency has experienced a 23% surge in value, reflecting investor enthusiasm for the project. This surge highlights the potential of the Shiba Inu ecosystem and its ability to drive innovation and growth in the blockchain industry.
The Broader Implications
Shiba Inu's ambitious plan is not only significant for the cryptocurrency but also for the United States as a whole. By attracting top talent and fostering innovation, the hub could help the US maintain its competitive edge in the global technology race.
Moreover, the S.H.I.B. initiative could have a positive impact on the broader cryptocurrency industry. By creating a supportive ecosystem for blockchain businesses, the hub could accelerate the development of new technologies and applications.
Conclusion
Shiba Inu's proposal for a strategic blockchain innovation hub in the United States is a bold and ambitious endeavor. If successful, the hub could transform the US into a global leader in blockchain technology, creating significant economic and social benefits. The 23% surge in SHIB price reflects the market's optimism for the project and its potential to drive future growth.
SHIB IS PRIMED FOR A MASSIVE 123% MOVE HIGHERCRYPTOCAP:SHIB
SHIB IS BREAKING OUT AND IT'S A BUY RIGHT NOW!
ITS A #HIGHFIVESETUP MEANING THE FOLLOWING:
1.) BULLISH uptrend on MACD (blue over orange
2.) BULLISH uptrend on RSI (higher lows)
3.) BULLISH uptrend on Stoch (red over yellow)
4.) We have a volume shelf with a volume gap
5.) Breakout on the symmetrical triangle pattern
Price Targets for this Weekly chart:
PT1: 0.000029584
PT2: 0.000044097
SHIBUSDT Bullish Move Confirmed!SHIBUSDT technical analysis update
SHIB's price has broken the trend resistance line and made a new higher high on the daily chart. Additionally, it has crossed above the 100 EMA on the daily timeframe, which is considered a strong bullish signal for SHIB.
We could potentially see a 100-200% bullish move in SHIB over the next few months.
SHIB/USDT: Bullish Inverse Head and Shoulders Pattern Breakouthello guys.
Pattern Formation: The inverse head and shoulders pattern, with a well-defined neckline, indicates a bullish reversal signal.
Breakout Confirmation: Price has broken above the neckline, a key resistance level, which suggests a continuation toward higher targets.
Price Targets: If the bullish momentum holds, the next major resistance is around $0.00003700, with the potential to reach $0.00005700.
Risk: Failure to maintain above the neckline could result in a pullback, potentially re-testing lower levels before any further bullish movement.
#SHIB/USDT#SHIB
The price is moving in a descending channel on the 1-hour frame upwards and is expected to continue.
We have a trend to stabilize above the moving average 100 again.
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards.
We have a support area at the lower limit of the channel at a price of
0.00001721
Entry price 0.00001742
First target 0.00001812
Second target 0.00001876
Third target 0.00001976
SHIB Looks BullishShiba appears to be entering a bullish wave C.
By maintaining the green range that overlaps with the KEY level, it can go to the ATH.
You should not have an emotional entry, you must have a set position to enter.
Shiba's market cap is 13B, which is a bit heavy, and you shouldn't expect big profits from this coin.
The target is above ATH
Closing a daily candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You