shiba is going to make a correction#shiba has divergence at its top and it can make a correction in the market i think its a good time to buy more beacause the main trend is bullish as i mentioned in the notes
SHIBUSDT trade ideas
SHIB Burn Rate Rockets 3,400%, Yet Price Faces Bearish PressuresA Surge in Supply Reduction
The Shiba Inu ecosystem has once again sparked investor interest as its burn rate surged by an astounding 3,400%, reducing the circulating supply by over 2 billion SHIB tokens. This significant burn, executed by key wallet addresses, signals a concerted effort to decrease supply and drive long-term value through scarcity. Over the past week, a total of 4.23 billion SHIB tokens were burned, reflecting a broader trend that aligns with the fundamental law of supply and demand.
Recent large-scale purchases by a major SHIB whale further underscore growing institutional interest, contributing to an optimistic outlook. These strategic burns and acquisitions set the stage for a potentially bullish future as the reduced supply could lead to upward price pressure.
Technical Analysis
Despite the fundamental optimism, Shiba Inu's current price action paints a mixed picture. At the time of writing, CRYPTOCAP:SHIB is down 6%, trading around $0.00002813. It recently formed a bearish pattern, but crucially, the daily chart reveals a developing bullish flag—a pattern that often precedes significant upward breakouts.
The Relative Strength Index (RSI) stands at 51, indicating neutral momentum. This provides ample room for CRYPTOCAP:SHIB to break the current wedge pattern and push higher, should buying pressure intensify. The coin's monthly gain of 70% suggests that the recent dip could be a temporary consolidation before another upward thrust.
What’s Next for CRYPTOCAP:SHIB ?
Shiba Inu's combination of strong community support, a rising burn rate, and significant whale activity lays a robust foundation for future growth. While the current dip reflects short-term market corrections, the underlying fundamentals suggest that CRYPTOCAP:SHIB could be preparing for a breakout. We predict a doubling in price if the bullish flag pattern holds and the burn rate continues to impact supply.
Investors should watch key support levels around the 38.2 % Fibonacci retracement, as any sustained move above this level could signal a new bullish phase.
Conclusion:
Shiba Inu's recent burn rate surge is more than just a statistical anomaly—it’s a signal of strong community-driven efforts to reduce supply and enhance value. Combined with its growing ecosystem and solid technical setup, CRYPTOCAP:SHIB may soon reward patient holders. The question isn’t if Shiba Inu will rebound; it's when.
Shiba inuThe price is in the range zone. As indicated on the umbrella, wait for the price to move to the high supply zone by hitting the demand zone again and fall to the low demand zone by filling your orders.
Shiba inuShib usdt daily analysis
Time frame 4 hours
Risk rewards ratio >4 👈👌
Support line is very close and it's good for my trade
👇👇
If price break Support line strongly, maybe Shiba needs to rest and reserve and pump up quick and fast
Shiba inuShib usdt Daily analysis
Time frame 4 hours
Risk rewards ratio >2 👈👌
When I watch Shiba usdt chart I see 2 rectangle that price move up and down in it.
When Shiba broke the rectangle I see the pump of price.
Therefore I guess when Shiba break again , we will have a good pump
#shib 1dShiba currency needs to break the level to continue its growth. For better performance, it is recommended to place a trigger order above the level of 0.00003245 with specified goals.
SHIBA INU more gain is comingHello 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, 📚💡
As observed, a substantial influx of trading volume has entered the market for this asset, further bolstered by strong backing from one of the largest media platforms and communities within the global cryptocurrency space, which enhances its influence and market visibility. 📚
Despite the current bullish momentum, there remains the possibility of a price pullback toward the next lower Fibonacci support level. 📚✌
However, after this potential dip, we anticipate a rebound and renewed upward movement, leading to a recovery and a subsequent price increase. 🎇💡
🧨 Our team's main opinion is A strong influx of trading volume, backed by major media support, suggests potential short-term pullbacks to lower Fibonacci levels, followed by a recovery and further price growth. 🧨
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
SHIB/USDT 1h trade 20% comingliking what I see on the 1hour
MACD turning
Hidden bullish div, could drop a bit further to .786 and make a bigger fallen wedge before breaking out to the upside
Stop loss below 200 MA on the 1 hour
lets wait and see
ShibAfter the pretty decent move we had recently shib has pulled back about 50% of the move we had. We still remain well above the breakout area. This is a great sign for us. It is now consolidating again and seems to be getting tighter here. We could start to curl and head back up ultimately breaking through 3025 area and holding above will b the next bull sign we need.
I am continuing to load up on this while it’s below 3k area. In the long run this will be worth the buy in my personal opinion. Let’s see if shib can pop above here shortly. I see it’s getting tighter
SHIBA in Uptrend📊 SHIBA is maintaining its upward trend along the ascending trendline, currently trading near $0.00002940.
✅ If this trendline holds, the next resistance zones are at $0.00003100 and $0.00003600.
⚠️ A pullback to $0.00002823 is possible before further upward movement.
Shib-continuationShib-continuation
The latest Shiba Inu burn figures underscore the community’s dedication to this strategy, with over 2 billion tokens removed from circulation within a single week. At the time of writing, the total circulating supply of the meme coin is 589.27 trillion SHIB tokens.
SHIBUSDT.1DThe daily chart of SHIB/USDT exhibits an interesting pattern with key technical levels marked by recent price actions and indicator readings. This analysis will delve into the support and resistance levels, the current market trend, and the implications of various indicators.
Price Action and Structure:
SHIB/USDT has been experiencing fluctuations within a defined range, recently showing an upward momentum that pushes it towards key resistance levels. The price is currently near $0.00002313, indicating a recent recovery from lower levels.
Resistance and Support Levels:
Resistance Levels: Immediate resistance can be seen at $0.00003304 (R1). A breakthrough this level could propel the price towards the next major resistance at $0.00004533 (R2), marking previous highs.
Support Levels: The support at $0.00002023 (S1) serves as the primary level if a pullback occurs. Further down, $0.00001095 (S2) stands as a stronger support, followed by $0.00000878 (S3), which represents the lower bounds of the recent trading range.
Moving Averages:
The ascending trendline (green) highlights dynamic support that has been guiding the price higher. This line is crucial for maintaining the current bullish momentum.
Technical Indicators:
MACD: The MACD is close to crossing above the signal line, with the histogram showing positive momentum increasing, a bullish signal indicating potential for continued upward movement.
RSI: The Relative Strength Index is at 61.94, suggesting that there is still room for upward movement before the asset becomes overbought, which is set around the 70 level.
Conclusion:
SHIB/USDT's recent market behavior suggests a bullish trend with the price testing near-term resistance levels. Should it break above $0.00003304, it may target higher resistances at $0.00004533. The technical setup, supported by MACD and RSI, favors bullish scenarios, but traders should remain cautious and watch for potential reversals, especially if the price fails to hold above the dynamic support. A fall below the support at $0.00002023 could trigger a test of lower support levels, necessitating tight risk management to capture volatility while protecting against sudden downturns.
SHIBUSDT the pump just started As we said before SHIBUSDT soon will receive more gain and pump here and next target would be at least 0.000042$.
DISCLAIMER: ((trade based on your own decision))
<<press like👍 if you enjoy💚
SHIBUSDTConsidering the levels of supply and demand, we expect the price to reach the desired targets
Shib is Beauty bullishAs i told you that shib is not stopping yet All Time HIGH is very easy in this bull run.
Every dip is gift
SHIB: Keep an eye on this level!I hope everyone is having a fantastic time and making the most of their summer vacations with their loved ones!
If you're looking to trade SHIB at the moment, here's a quick setup that you might find helpful!
The idea is: Buy when the price breaks above 0.00001875$ and take profits at the levels shown in the chart.
Targets:
1. 0.00002$
2. 0.0000225$
3. 0.000025$
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About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
shib usdtHello dear friends, I hope everyone is doing well. Today, after a long time, I am sharing an analysis regarding SHIB/USDT. Observing the current trend, it seems likely that SHIB/USDT might hit new highs in the near future. Therefore, if I need to take an entry from a stronger zone, I will wait for the mentioned liquidity to be hunted and then proceed based on confirmation. I encourage you all to review this setup, conduct your own analysis, and form your perspective to set up a trade accordingly. Please note that this is not financial advice; it’s just my personal idea that I’m sharing with you. Thank you!
Neglected brotherJust wanted to show the Shiba some love, which has always been my least favorite dog coin. Unlike wannabe Bitcoin tyrants, we love our competitors here. Dog brotherhood against Bitcoin tyranny. Yes sounds nice.
The neglected brother can show some strength here after the free fall against DOGE. Unfortunately I have zero SHIB right now because I chose the big bro and the bro with the hat.I might rotate some of my DOGE to SHIB in a few days or weeks although not much. I'll update.
SHIBUSDT was sleep wait for more breakout and pump soonAs we said before major coins now received good pump and SHIB is still +100% from daily low and soon we are looking for a valid breakout here to the upside and after that +200% more gain is ahead at least.
DISCLAIMER: ((trade based on your own decision))
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Shib Shib. has been consolidation for a little while now. Doge coin has been stealing a lot
Of the thunder.
Shib is building a symmetrical triangle with resistance around 2600 area. Next move could push us as high as 3700 which is the next fib retrace but with a current sunset tidal triangle target of 3500
I am buying shib around this point down to as low as 2350. Shib is getting ready to a make a big leg up in my opinion. Could be a could time to buy
#SHIB/USDT is holding a trendline as support in 4-Hour TF!#SHIB/USDT is holding a trendline as support in 4-Hour TF!
Waiting for liquidity to be taken below it and tap towards 4H FVG to long it. The local resistance level is PWH $0.00028184 and the support level is PMH $0.00019185.
Accumulation or DistributionMany thanks to @VIPROSE for her pointing out that SHIB is currently consolidating.
Please be careful with this candle and the next candle, check for Higher Highs and Lower Lows on these next two candles and for positive SRSI readings and the MACD and the RSI. Hopefully it stays in the structure and break out up and not fall to the imbalance area or demand area?
