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SHIBA INU / WRAPPED SOL on Solana (36Y1LQJQNL7JPU4HUOFHGEGXNQHKJGGGKG5INSUKRTUR) in USDSHIBA INU / WRAPPED SOL on Solana (36Y1LQJQNL7JPU4HUOFHGEGXNQHKJGGGKG5INSUKRTUR) in USDSHIBA INU / WRAPPED SOL on Solana (36Y1LQJQNL7JPU4HUOFHGEGXNQHKJGGGKG5INSUKRTUR) in USD

SHIBA INU / WRAPPED SOL on Solana (36Y1LQJQNL7JPU4HUOFHGEGXNQHKJGGGKG5INSUKRTUR) in USD

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SHIBSOL_36Y1LQ.USD trade ideas

$SHIB - Up or down? Bias leans up.This chart is a tossup for me. However, I lean bullish here. To me, it looks like CRYPTOCAP:SHIB has 1 more leg higher to go before turning bearish over the short term. As you can see on the chart, price has held that bullish trend line. RSI is completely bottomed out on lower timeframes which to me indicates a move higher needs to happen before price can fall lower here. I lean towards a move higher to that $.00001074 area to mark off a high on the short term. The bearish scenario would be a break of the trendline and then falling to that lower support area. After that region gets tapped, then I think the higher target will play out. Let's see what happens.
COINBASE:SHIBUSDLong
by benjihyam
SHIB Pennant IncomingOn the journey to a complete W pattern at the $0.000015 price tag there will be a few, if not more, periods of consolidation. After a hot run up to the 0.00000970 range, Shiba Inu is beginning to consolidate into what may be a week long, or slightly longer, pennant formation. Buying opportunities may present themselves around the Fib Retracement Levels with a potential bottom near the 38.2% level. A breakout from the projected pennant could take Shib's value to the 1W (1 week) 38.2% Fib Retracement Level with the 1W 50% level being the next stop if this ceiling is blown through with significant volume. However, more consolidation should be expected in my opinion. As always, a breakdown is also possible which could hemorrhage Shib's value to prior lows. At the time of this article I am still confident on a pending completion of the W pattern (see my other idea linked at the bottom) but macroeconomic factors can accelerate or derail this formation. Stop-losses should be utilized and traders should be cognizant of any significant changes in the climate of the market. COINBASE:SHIBUSD
COINBASE:SHIBUSDLong
by Shepherd_Investor
Shiba Inu (SHIB) Poised For Greatness Shiba Inu (SHIB) are indicating an upward trend, signaling a breakout rally. Following a successful retest of the $0.000080 support level, Shiba Inu has seen an increase of over 15% in the past 24 hours. The memecoin needs to surpass and maintain a level above $0.0000093. At the time of writing, SHIB is trading at $0.0000092, recording a 10.23% increase in the past 24 hours. The lowest and highest price levels during this period were $0.00000815 and $0.0000095, respectively. The trading volume of the memecoin also experienced an 81% increase in the past 24 hours.
COINBASE:SHIBUSDLong
by DEXWireNews
Bullish on Shib!Stuck between supply and demand areas. IMO shib is basing nicely here in a possible reversing pattern ( ascending triangle ) holding the 21 day MA currently. Price still needs to close above and hold 00000750 to continue to the upside. Personally I have been accumulating at these levels. I hope my chart is easy to understand. I would appreciate any feedback. This is not financial advice please do your own research. I believe october is going to be a great month. My bearish thoughts are we sharply dip into the demand zone with a wick. that is if you think getting more at a discount bearish. lol
COINBASE:SHIBUSDLong
by biggmitch
1
Shiba Inu (SHIB) Promising Setup for a Bullish Price BreakoutShiba Inu (SHIB) is poised for a potential surge as bulls gear up to overcome a crucial resistance barrier. While Shiba Inu (SHIB) is currently trading at $0.000008201, down 1.24% in 24 hours, it stands in a relatively favorable position, as it is up 4.92% in the past seven days and 13.66% in the past month. SHIB is still trading below its peak price for the year. It soared above $0.000015 back in February. After that, SHIB saw a dip to $0.000006555 in mid-June. Notably, this price level played a vital role as a crucial support level, causing a rebound. Shiba Inu (SHIB) Headed for $0.00001? Following this rebound, SHIB encountered significant resistance at the $0.000008 mark. A breakout eventually occurred in August, pushing the price to $0.00001071. This breakout came with the excitement surrounding the relaunch of Shibarium by the Shiba Inu team. However, an issue in the performance of the layer-2 scaling solution led to a selloff, causing SHIB to revisit the mid-June low of $0.000006555 on October 19. If historical patterns repeat themselves, there’s potential for the bulls in the market to erase another zero, pushing SHIB to $0.00001. Now that SHIB has successfully overcome the $0.000008 resistance zone, the possibility of a breakout candle could strengthen the bullish sentiment in the market. Hope for Shiba Inu (SHIB) Growth The Shiba Inu community maintains an optimistic outlook for the token, particularly concerning retesting the $0.00001 level, which is already a short-term target. Shibarium also presents a promising avenue to stimulate demand and work towards achieving the $0.1 price target. Supporters believe that reaching this milestone will depend on a combination of internal and external factors, including the potential approval of a Bitcoin spot ETF in the United States. Shiba Inu is at a critical juncture, with the potential for a bullish breakout. The historical context, along with recent developments, paints a good picture, driving optimism in the Shiba Inu community.
COINBASE:SHIBUSDLong
by DEXWireNews
6
Shiba Inu at Crossroads: What is the Future of the Memecoin? Shiba Inu (SHIB) and other meme coins embarked on a rollercoaster ride in October. The crypto market saw SHIB’s value surge significantly as Bitcoin hit a new milestone at $35,000 before retracing to $34,000. This surge ignited a sense of urgency among investors, leading them to secure their positions in anticipation of the bull run swiftly. However, as November unfolds, the pivotal question looming over the market is whether these gains can maintain momentum. Shiba Inu Recent Price Movement Shiba Inu came close to initiating a fresh recovery phase, aiming to break through the $0.000008 resistance level. However, profit-taking and a potential lack of buyers resulted in a minor pullback. SHIB currently trades at $0.00000779, reflecting a 2.3% dip in the past 24 hours and a 1.1% loss over the last seven days. The meme coin market is known for its rapid and unpredictable price fluctuations. Meanwhile, large volume holders, often called “whales,” have made significant moves in the SHIB market this week. Whale Alert reported a transfer of SHIB tokens worth about $35 million from an unknown wallet to another undisclosed destination. Are the Whales Making Waves? In another development, approximately 4.46 trillion SHIB tokens ($33.9 million) were transferred from the Bitvavo exchange to an unknown wallet. Investors are now pondering the potential price impact of these whale movements. While it’s challenging to predict how these transfers will influence the market, they add an element of intrigue to Shiba Inu’s future. Whale activity can sometimes lead to increased market volatility, so it’s wise to monitor SHIB’s performance closely. Furthermore, well-known trader and analyst Rekt Capital suggests that the bear market is a distant memory, and a full-fledged BTC bull market is on the horizon. This optimism could provide momentum for meme coins like Shiba Inu. Shiba Inu’s remarkable journey in October, along with the broader meme coin movement, has garnered global investor attention. While the meme coin market is characterised by its inherent volatility, it continues to be an exciting space for those seeking high-risk, high-reward opportunities.
COINBASE:SHIBUSDLong
by DEXWireNews
2
Surfing the Waves of Shiba Inu's ConsolidationShiba Inu is currently undergoing a consolidation pattern that is approaching a descent to the 50% retracement line with an approximate $0.00000745 price target. This greets the support line of what may be a several week long symmetrical pennant and an opportunity for a short-term trade that garners notable profits. Significant buy back at this level will most likely cause the asset to retrace back to the 78.6% Fibonacci level ($0.00000790). Significant resistance at this level will most likely result in a support touch at 61.8% ($0.00000763) before returning to a resistance range around $0.00000780. This completes the M pattern and places us several days from a potential breakout or breakdown around the second week of November. With a total increase in value of +24.65% during this uptrend, a high volume breakout can take Shiba Inu's price to 0.00000927 while a high volume breakdown can diminish its value to 0.00000599. COINBASE:SHIBUSD
COINBASE:SHIBUSD
by Shepherd_Investor
Biggest Mover: SHIBA INU Shiba inu (SHIB) was a notable mover on Wednesday, as the meme coin fell for a second consecutive day. Following a high of $0.000006945 during yesterday’s session, SHIB/USD slipped to an intraday low at $0.000006842 earlier today. The move saw SHIB drop towards a key support level of $0.00000670, which was last hit on October 12. This decline comes as the relative strength index (RSI) collided with a floor of its own, at the 39.00 zone. Wednesday’s sell-off comes after shiba inu rose to one week high of $0.00000729 on Monday.
COINBASE:SHIBUSDLong
by DEXWireNews