SHIBUSD trade ideas
SHIB USDSHIB making a wave 4 on the 30 min going into a sharp zig zag looking for a buying opportunity to buy once wave 4 finishes
Shiba Inu Burn Rate Soars 400% As $SHIB Price Continues To RallyShiba Inu, an Ethereum-based altcoin, gains significant traction with a 400% upswing in burn rate followed by a price surge.
Shiba Inu, one of the most popular meme coins built atop the Ethereum blockchain, once again echoed a sense of frenzy across the broader crypto market on Friday, following a colossal upswing marked in the token’s burn rate. Notably, according to the data unveiled by Shibburn, a roughly 400% surge in the meme coin’s burn rate sparked immense curiosity among crypto market traders and investors.
Meanwhile, as the burn data surfaced over the crypto horizon amid Shiba Inu’s sustained price rally, additional inferences seem to be birthing for the token.
SHIB’s Burning Saga
As per the data by Shibburn, a platform facilitating SHIB burning insights, the community noted a 395.43% upsurge in the burn rate today, January 12. Furthermore, aligning with this data, a staggering 18.24 million SHIB was incinerated over the past 24 hours.
Coinciding with this, three noteworthy burn transactions appear to be primarily responsible for the aforestated upswing. These transactions collectively incinerated a whopping 16.56 million SHIB out of the total amount burned mentioned above.
Moreover, the total number of coins incinerated from SHIB’s initial supply now amounts to 410.707 trillion, grabbing significant attention globally. However, Shibarium, a layer two blockchain facilitated by Shiba Inu, recorded a notable plunge in its activity. As of writing, the daily transactions on the network totaled 1.86 million, illustrating a notable downfall. This further showcases a considerable step-down for the L2 blockchain, as the daily volume recently recorded over 6 million transactions per day on the network.
However, with the upswing in SHIB burn rate, accompanied by Shiba Inu’s sustained price rally, market sentiments for the token appear to be taking an exciting turn.
Shiba Inu Price Soars
As of writing, the Shiba Inu price has exhibited a considerable surge of 2.70% over the past 24 hours and is currently trading at $0.00001021. Moreover, the token’s weekly chart portrays a 3.69% upsurge, further accompanied by a monthly pump of 5.99%.
Intriguingly, the surge in price also falls in line with the upswing in the CRYPTOCAP:SHIB burn rate. Moreover, the token again ditched a zero from its price recently, garnering additional bullish thoughts among crypto market traders.
Shiba Inu Burn Rate Jumps 27510% Shiba Inu, a prominent meme coin, gains phenomenal traction following a burn rate upswing and a whale accumulation.
Shiba Inu, one of the most prominent meme coins functioning atop the Ethereum blockchain, marked a tempest of strides today following a colossal surge noted by the token’s burn rate. Notably, as per on-chain data unveiled by Shibbrun, a platform facilitating SHIB burning insights, the meme coin’s burn rate surged over 27000%, garnering noteworthy attention among crypto market enthusiasts globally.
Meanwhile, the token also appears to have noted a significant whale accumulation, as per data hovering over the crypto horizon. Simultaneously, Shiba Inu’s market charts portrayed remarkable gains, amassing bullish sentiments for the token.
SHIB Burn & Whale Activity Report
In accordance with the data revealed by Shibburn, the Shiba crypto community noted a phenomenal 27510% upswing in its burn rate over the past 24 hours, with a staggering 9.35 billion SHIB incinerated as of Wednesday, January 10. Furthermore, the total number of coins burnt from the token’s initial supply is now estimated to be 410.70 trillion, fueling additional inferences among crypto market traders. Aligning with this, even the weekly burn rate soared 2278.29% while writing, mirroring the colossal burn.
Meanwhile, amid the aforementioned burning saga, the token jotted down a critical burn transaction, shifting a whopping 9.35 billion CRYPTOCAP:SHIB to a dead wallet. This massive transfer appears to be majorly responsible for the enormous upswing in the CRYPTOCAP:SHIB burn rate, nabbing significant attention globally.
On the other hand, a massive whale accumulation also appears to have piqued the global crypto market’s interest. According to on-chain insights offered by Lookonchain, a fresh whale was registered, accumulating 1.44 trillion SHIB from Binance and Gate.
Concerning this, the address 0xF633Cd…3493Bbac was observed accumulating the previously stated amount in a series of five transactions. Concurrently, the number of coins withdrawn totaled $13.36 million while writing.
In conjunction with this, market sentiments orbiting Shiba Inu are taking an exciting turn. The surge in burn rate, additionally escorted by an increase in on-chain activity, appears to be propelling bullish thoughts on the token.
SHIB: Three Hills & a MountainFindings
I believe I have discovered a Three Hills & a Mountain pattern on the SHIB hourly and daily charts. I recently posted about the same formation on ApeCoin which gives me the impression that certain altcoins are experiencing similar trading activities while Bitcoin consolidates. Bitcoin appears to be on the brink of a correction which could bring us to the 61.8% Fibonacci level where significant buying pressure should occur and begin developing the third hill.
COINBASE:APEUSD Three Hills & a Mountain Publication
Trend Analysis
Both of the proposed hills are of unequal magnitude which is why I do not believe this is a Three Drives pattern. While there was a brief decline beneath the 61.8% level before forming the second hill, the drop was insignificant and stayed in close proximity. On the 1W chart there is a Double Bottom "W" pattern forming which I have detailed in an earlier publication a few weeks ago; the Three Hills and a Mountain supports the W projection as the price target is around 0.000016.
W Pattern Publication
The volume is rising with increasing values and the succeeding hill has increasing volume as well, indicating bullish momentum. Should the pattern keep up I believe we will see a large spike in volume within the first half of the third hill.
COINBASE:SHIBUSD
Unraveling the Shiba Inu Conundrum: Burn Frenzy
Shiba Inu ( CRYPTOCAP:SHIB ) has once again taken center stage with a whirlwind of developments. As the broader market experienced a downturn, Shiba Inu's community intensified efforts to bolster the coin through an unprecedented burn frenzy. However, the unexpected outcome has left investors and enthusiasts questioning the dynamics behind SHIB's recent rollercoaster ride.
The Burn Frenzy and Shibarium Buzz:
The recent surge in the SHIB burn rate, soaring by an astronomical 3,963%, has sparked both excitement and concern within the Shiba Inu community. This surge is particularly noteworthy given the community's intensified efforts to cut the token supply amid the recent price declines.
A notable contributor to this surge is the heightened interest in Shibarium, a layer-2 blockchain introduced by the Shiba Inu team in 2023. The ecosystem's push towards decentralization and efficiency through Shibarium has fueled enthusiasm among investors. However, the burn frenzy's impact on SHIB's price has not followed the anticipated trajectory.
SHIB Burn Stats and Anomalies:
According to Shibburn, a platform dedicated to tracking CRYPTOCAP:SHIB token burns, over 1.21 million CRYPTOCAP:SHIB tokens were burned in the last 24 hours alone. Notably, a significant transaction involved the transfer of over 1 million CRYPTOCAP:SHIB tokens from an unidentified wallet to a dead wallet. This move raises questions about the motivation behind such transfers and their potential impact on SHIB's supply dynamics.
Despite the staggering burn rate, the SHIB price experienced a 6% dip in the last 24 hours, leaving investors puzzled about the expected correlation between burn rates and price movements.
Shiba Inu's Market Position and Demand Surge:
As of January 4, 2024, Shiba Inu stands as the 17th largest cryptocurrency with a market capitalization of $5.67 billion. Despite the recent price decline, SHIB has witnessed a surge in demand, with the trade volume soaring by 66.73% to $301.51 million in the last 24 hours. This surge in demand is juxtaposed against a week-long decline of over 11% in SHIB's price.
The Historical Perspective:
To contextualize the recent developments, it's crucial to note that Shiba Inu is currently 89.12% down from its all-time high of $0.00008845, achieved in October 2021. Despite this, the coin's 1-month returns, buoyed by an initial upward trend in December, recorded a 7% gain.
Conclusion:
The Shiba Inu community's burn frenzy, fueled by the introduction of Shibarium and the intensified efforts to reduce token supply, has added an intriguing layer to SHIB's journey. As investors navigate the market turbulence and attempt to decipher the dynamics at play, one thing is clear: Shiba Inu remains a cryptocurrency of both volatility and resilience, with its future intricately tied to the ongoing developments within its vibrant and dedicated community.
Lots to look at, cases for both sidesOn a few terms, SHIB looks bullish. However, momentum seems to be slowing. If that continues, it'll retrace easily and wait for another day of momentum.
Long on SHIBBeautiful 3 drive pattern completed. I am looking for upside from here above 00001100. I am long on this trade. Not financial advice , just having fun. Your comments are welcome and appreciated
check out Shibacheck out Shiba, it's all set for a nice climb
It's time to look at the Bitcoin and Shiba currency pair :)
Shiba Inu Team Burns Another 8.5 Bln SHIB
Shiba Inu ( CRYPTOCAP:SHIB ), the popular meme crypto, has been witnessing a price rally recently owing to massive token burns. CRYPTOCAP:SHIB recorded another significant burn on Friday, December 22, 2023, on Shibarium. Over 8.4 billion SHIB tokens were burned during this transaction, marking the fourth burn via Shibarium. The Shiba Inu price rally is expected to get a push due to the latest update.
Overview Of The Latest SHIB Burn On Shibarium
According to Shibburn, in the latest CRYPTOCAP:SHIB burn transaction, it was spotted that 8.47 billion tokens were transferred from an unknown wallet, 0xc7d.., to a dead wallet. However, the SHIB burn rate was down by 1.12%, considering the last day’s massive burn.
The latest burn marked the fourth time when Shibarium used a significant amount of its gas fees to curb the circulating supply of SHIB. As reported by Coingape earlier, 8.53 billion SHIB tokens were burned via Shibarium, which were worth around $90,000. This burn spiked the SHIB burn rate to 161,540.53%. The surge in the burn rate is expected to push the Shiba Inu price rally further.
Furthermore, similar burns were noticed on December 4 and December 16 when 8.24 billion and 8.61 billion tokens were burned, respectively. In just 19 days, the total Shibarium-powered SHIB burns amounted to a whopping 33.85 billion. Whilst, 410.69 trillion SHIB tokens have been burnt so far.
The recent hike in SHIB burn has been met with other advancements in Shibarium. The platform has seen a surge in transactions as the daily transactions hit the 7 million mark recently. In addition, the total transactions amount to 168.48 million.
Shiba Inu Price Gain
As of writing, the SHIB price was recorded to be $0.0000107, gaining 2.64% in value today, December 23. Furthermore, the market capitalization of Shiba Inu increased by 2.65% and stood at $6.3 billion. Moreover, the 24-hour trade volume for the dog-theme crypto spiked by 30.42% and was recorded to be $254.55 million.
In the last seven days, SHIB has gained nearly 9% in value amid several volatile sessions. Meanwhile, the Doge-killer’s 1-month gains exceeded 31%, which was powered by the recent massive SHIB burns carried out on Shibarium.
Shib in H&S, retest low 9sAnother attempt to shake out longs while the broader crypto market looks more attractive causing you to sell. This is obviously meant to eliminate leveraged buyers & long-term holders who will throw in the towel chasing more lucrative alt coins positions. A test of Shiba-holders real strength.
Note: This head & shoulders is drawn using the line chart.
p.s. The next major long-term resistance is the orange line at 1150 again using the line.
Shiba INU - Ready to fire
Hello All,
Are we ready for longest bull run ... 70% return expected in Shiba INU
If you like my Idea, Don't forget to Boost and comment on my Analysis.. The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Next post if I get 50 boost !!!
Gautam Khanna
Technical Analyst by Passion :-)
Shib/usdt analysis by ict price action Considering the volume gap at the price of 0.00007, targets 1 and 2 are guaranteed.
Bullish on shib!!I am looking for shib to do some consolidating here as I expected there to be a lot of profit taking after the breakout. my next area for profit taking is 00001300-00001365 range. Higher time frames look promising as we need to hold this level on the weekly. Not financial advice of course but just my thought. your feedback would be awesome.
Shiba-USD Bullish ichimokuShibainu appears bullish on the Ichimoku chart, signaling a potential upward trend.
Shiba Inu Burn Rate Soars 83000% As Whale Shifts 4 Trillion SHIBShiba Inu Burn Rate: Shiba Inu has gained significant traction within the broader crypto market as the SHIB burn rate rockets to 83000% amid major whale activity.
Shiba Inu Burn Rate: One of the most popular meme coins, the Shiba Inu cryptocurrency, captivated significant attention throughout the broader crypto market today. With the Shiba community witnessing a colossal surge in the SHIB burn rate, a whale transaction detected also appears to have stirred up speculation among crypto market enthusiasts.
Furthermore, with the SHIB tokenomics witnessing a gust of developments, the token’s price also appears to have surged phenomenally. Meanwhile, the price also ditched one zero from its value, igniting interest among crypto traders and investors.
SHIB Burn Rate Surges Amid Whale Activity
The Shiba Inu burn rate over the last 24 hours catapulted a whopping 82896%, evoking bullish market sentiments among crypto market fanatics. Moreover, the token noted 23 million SHIB coins burnt at the time of writing. In the interim, the community marked a total of 410.67 trillion coins burnt from the initial supply.
What’s even more intriguing is Whale Alert, a platform providing on-chain data, recently revealed a massive whale transaction amid the burning of coins. Concerning the data, an unknown wallet, 0xda2d9398…95bbe536f9, transferred 4.23 trillion SHIB to another wallet, 0x824ca70d…d5d9d066cd. The coins transferred amounted to $42.21 million as of today, December 9.
The colossal whale activity amid the meteoric burn rate appears to have triggered an immense bullish market sentiment for the SHIB token. Furthermore, it also seems like the token is eyed by many smart money wallets, aligning with its price pump.
Shiba Inu Price Maintains Price Rally.
The self-proclaimed Dogecoin killer, Shiba Inu’s price noted a jump of 3.02%, reaching $0.00001033 at the time of writing. Besides, the coin also marked a substantial increase of 23.12% during the past seven days, accompanied by a monthly pump of 19.91%.
Moreover, the token also shredded a zero from its value recently. Although the coin’s price underwent volatile trading in recent weeks, the SHIB cryptocurrency appears to be portraying a promising outlook in the near future.
Shiba broke out of the long term resistance line. Shiba Shiba doo-wop, shiba shiba pop!
Looking for a trend upwards I believe is finally locked into place.
shibusdit may revisit the baseline one more time ( and im ok with that) but I really think it is a matter of time for this to breakout out of this triangle... some dogecoin liquidity may follow into this after dogecoin pumps.. its just a matter of time..
Shiba Inu (SHIB) Failing to Reach New Highs
In comparison to other altcoins, SHIB has shown a less pronounced upward trend. Since October 15, the asset has gained 40%, but its chart is marked by frequent corrective movements, preventing SHIB from reaching new highs.
Currently, the asset is trading within a consolidation range, trapped between a support zone of $0.0000085-$0.0000088 and a resistance zone of $0.00000923-$0.00000964. Should the upward trend persist, SHIB could potentially reach local highs at $0.00000981 and even $0.00001. To attain its 2023 high, the asset needs to increase by an additional 75%, leaving room for considerable growth.
Any corrective patterns in BTC could similarly impact SHIB. In this case, the memecoin might drop below its present support zone, potentially testing levels of $0.00000830 and $0.00000772-$0.00000805. Similar to the situation with DOGE, using limit orders for SHIB currently poses a significant risk.
Some thoughts on Gazprom Stock simple arbitrage with SHIBUSDAs you can on this Christmass and Happy New Year present(ed) chart, many things are happening in Crypto Economy and Natural Gas Stock Market. I will happily leave you with this to spread the word of Ecology Derivatives New Era. Analyse this with your family and buy presents and a Christmass tree. And i wish you a Marry Christmass and a Happy New year. Also i wish you luck in the new year and beforehead and a good strong happy family.
Shibburn Explodes by 499,416%, Placing SHIB on Verge of BreakoutSHIB dwells around the $0.000008 support area as Shibburn goes parabolic.
Shiba Inu’s official cryptocurrency burning tracker, Shibburn, reported an unforeseen surge in SHIB burning over the last 24 hours. A whopping 264,204,009 SHIB tokens were set ablaze, totaling $2,245 in 13 transactions to dead on-chain wallets. Five hours ago, one Good Samaritan burned 261,408,966 tokens in a single transaction; the SHIB community praised the move on X (Formerly Twitter).
The price roller coaster for Shiba Inu escalates with the canine coin sustaining the $0.000008 key support line for five days in a row. As most altcoins face a slight market correction this Monday afternoon, SHIB picked up 1.3% gains in the last 24 hours and now trades at $0.00000846, according to independent price aggregator CoinGecko.
SHIB Monthly Upswing Bolstered by Shibarium
Besides the burn count, another significant reason for SHIB’s 8.6% monthly increase is Shibarium. The Layer-2 scaling network solution shows high demand for usage in several key metrics: crypto wallet addresses, total transactions, and average block production time.
Currently, Shibarium L2 encompasses over 1.2 million cryptocurrency wallets, while the transaction count recently hit 4,206,686, according to the on-chain signals provided by blockchain explorer ShibariumScan.io.
Shibarium’s average block production time has increased from five seconds to 8.3 seconds, and it currently has 1.83 million on-chain blocks in creation. Notably, this slightly prolonged block production time is concurrent with the increased developer activity on the network
Why This Matters
Cryptocurrency burning is an efficient way of maintaining the coin’s long-term price. Layer-2 blockchains offer builders a wide range of scaling options, while memecoins can expedite this innovation through mass appeal.
SHIB Burn Rate Plunges 40% Amid Shiba Inu Price SurgeShiba Inu is once again gaining significant traction in the world of cryptocurrencies as its price surged today amid a declining burn rate.
Shiba Inu, an Ethereum-based altcoin, amassed noteworthy attention in the world of cryptocurrencies as it recently witnessed a price jump amid a decrease in the burning of tokens.
Shibburn, a platform offering SHIB burn insights, recently unveiled data showcasing the plunge in the burning of SHIB tokens.
Moreover, Shibarium, a layer two blockchain for Shiba Inu, also witnessed a significant boost in testnet activities, stirring up speculations among crypto market traders and investors.
Shiba Inu Burn Rate Amid Testnet Activity
As of writing, the data offered by Shibburn showcased a 34.89% decrease in Shiba Inu’s burn rate over the past twenty-four hours. Besides, the total number of tokens burnt over the past twenty-four hours totaled 5.94 million. Interestingly, amid the constant burning of SHIB, the burn rate over the past week also experienced a fall of 43.33%. A total of 130.90 million SHIB was burnt over the past seven days.
The Shiba Inu crypto community created a buzz in the world of cryptocurrencies following the massive burning of SHIB tokens over the past few days. In a series of transactions, the Shiba community appears to have burnt a whopping 410.662 trillion SHIB tokens to date. The abovementioned burning of tokens comes forth as a result of the Shiba community building up support for their token.
Despite the Shiba community’s efforts, the SHIB price did not gain much momentum in 23, following which the community initiated burning colossal amounts of tokens.
Furthermore, the Shibarium testnet activity also skyrocketed over the past few days. As per the data revealed by a blockchain explorer, not a single transaction was carried out on the Shibarium testnet in recent weeks. However, since November 9, a whopping 400,000 transactions occurred, gaining attention throughout crypto markets.
Shiba Inu Price Report
At the time of writing, the Shiba Inu price witnessed a surge of 1.27% over the past twenty-four hours, evaluating $0.000008329 today, November 25. However, the token witnessed a marginal fall of 3.28% over the past week.
Furthermore, the twenty-four-hour trading volume witnessed a significant increase of 17.63%, reaching $119.77 million while writing.
The price surge witnessed by SHIB over the past month evaluated 12.25%, lining up with the community’s efforts to jack up the SHIB tokenomics. As the Shiba community continues to burn massive amounts of tokens, the scarcity of the token continues to surge, which might push the token for a better future outlook within broader crypto markets.
Shiba Inu (SHIB) On-Chain Surge Hits 500% in Amazing 2-Day RallyShiba Inu (SHIB) has experienced remarkable 500% surge in on-chain transactions in just two days, sparking speculation about token's future trajectory.
In a seismic shift within the Shiba Inu (SHIB) ecosystem, the past 48 hours have seen an unparalleled surge in on-chain dynamics, as whale transactions involving the token skyrocketed by an astonishing 498%.
Shiba Inu, a popular token in the crypto sphere, is making waves with a surge in transactions valued at $100,000 and more, according to on-chain analytics platform IntoTheBlock.
During this whirlwind period, whale transactions injected a whopping $40.93 million into SHIB, exchanging an epic 5.1 trillion tokens. This surge has pushed the total daily transactions to an astonishing 6.38 trillion tokens, equivalent to a staggering $51.71 million.
This surge in on-chain activity coincided with a noteworthy price rebound for SHIB. After a brief setback where the token experienced an 8.2% loss on Tuesday, it rallied impressively, gaining 6% over the next two days. This resurgence brought SHIB's value back above the critical threshold of $0.000008 per token, reigniting optimism among the Shiba Inu community.
We are now closely watching whether this rally in on-chain transactions is a precursor to sustained positive momentum for SHIB. The main questions looming are whether the token's price recovery will persist and if it can fully recover from the losses incurred on Tuesday. The surge in whale transactions suggests renewed interest in SHIB, prompting speculation about potential future developments and positive market sentiment.
The next few days are poised to be crucial in determining whether Shiba Inu's newfound momentum is a temporary phenomenon or the beginning of a sustained bullish trend.
