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SHIBUSD View!!The Shiba Inu SHIBUSD community has just received an important notice. As the dog-themed cryptocurrency expands, ShibArmy Scam Alerts has issued a wake-up call for Shiba Inu and the broader crypto community. In a tweet that ShibArmy Scam Alerts captioned "Protecting Communities from Scams, FUD, and Deception," the Shiba Inu-focused X account urges crypto holders to stay vigilant in the fast-paced world of cryptocurrencies. Protecting Communities from Scams, FUD, and Deception In the fast-paced world of crypto, moderators on platforms like Telegram or Discord play a crucial role in keeping the community safe. Their strict approach to rules might seem intense, but it’s essential for protecting… pic.twitter.com/8zoThh9w9X— Shibarmy Scam Alerts (@susbarium) September 14, 2024
Long
by FXBANkthe8055
Shiba Inu Burn Rate Surges Over 8000%, Signals a Bullish TrendShiba Inu ( CRYPTOCAP:SHIB ), one of the leading meme cryptocurrencies, is making headlines again as its burn rate skyrocketed over 8000%. Despite facing a broader bearish market, this dramatic spike has reignited investor optimism, hinting at a potential bullish breakout on the horizon. Let’s dive deeper into the factors driving this surge and explore the technical and fundamental aspects shaping CRYPTOCAP:SHIB 's future. The Surge in SHIB Burn Rate: A Positive Catalyst? According to data from Shibburn dated September 11, the Shiba Inu burn rate surged an astonishing 8193.59% in the past 24 hours. This surge reflects nearly 3 million CRYPTOCAP:SHIB tokens being burned within just one day. Over the past week, an eye-popping 271.05 million CRYPTOCAP:SHIB have been removed from circulation. These burns are significant as they reduce the total supply, theoretically paving the way for price appreciation if demand remains constant. The CRYPTOCAP:SHIB community has been actively engaging in burning tokens, a deflationary mechanism aimed at reducing the overall supply. As demand dynamics shift with ecosystem developments, such as the introduction of new utilities like knBONE on Shibarium, the prospects of a future price surge become increasingly plausible. Fundamental Factors Fueling Optimism Recent developments within the Shiba Inu ecosystem are also contributing to the growing positive sentiment. For instance, Shiba Inu executive Lucie recently highlighted the upcoming knBONE on Shibarium, which could provide significant opportunities for developers and further enhance the utility of SHIB within its ecosystem. With increased burning and ongoing ecosystem improvements, SHIB aims to transcend its meme coin origins and position itself as a more fundamentally sound digital asset. Moreover, Shiba Inu’s expanding adoption and partnerships, including listings on prominent exchanges and integration into payment systems, have further solidified its position in the market. These developments are not just cosmetic; they serve as tangible use cases that could drive future demand for SHIB. Technical Outlook: Can SHIB Break Out of the Bearish Trend? Despite the surge in the burn rate, SHIB’s price has not yet reflected this optimism, trading in the red at $0.00001312, down nearly 2.90% in the past 24 hours. The token’s intraday low and high were recorded at $0.00001297 and $0.00001367, respectively, reflecting broader bearish market conditions. Additionally, SHIB’s market capitalization and 24-hour trading volume declined by 2.85% and 12% to $7.73 billion and $149.92 million, respectively, further indicating a dip in investor enthusiasm. Technically, CRYPTOCAP:SHIB is facing resistance at the $0.00001367 level, with support emerging near $0.00001297. Should SHIB manage to break above these resistance levels, it could set the stage for a bullish rally, targeting the $0.00001500 mark, which has historically acted as a strong psychological barrier. On the downside, investors should be wary of a potential drop to $0.00001200 if bearish momentum persists. The Relative Strength Index (RSI) suggests that SHIB is neither oversold nor overbought, indicating room for movement in either direction. As long as SHIB remains above its 50-day moving average, a sustained breakout may be in the cards. Challenges and Future Considerations Despite the promising burn rates and ecosystem growth, SHIB still faces considerable challenges. The recent hack of an Indonesian crypto exchange, which saw 9 billion SHIB tokens stolen, has caused some market jitters. Additionally, broader market trends, such as Bitcoin's recent pullback, could continue to weigh on meme tokens like SHIB. However, despite these setbacks, analysts remain cautiously optimistic about SHIB’s near-term prospects. The recent surge in burn rate, coupled with ongoing ecosystem advancements, provides a bullish case for the token. According to CoinGape Media, SHIB could see potential gains of up to 8% in the coming days, albeit with some expected volatility. Conclusion: A Glimmer of Hope in a Bearish Market Shiba Inu’s 8000% burn rate surge is a bright spot in an otherwise gloomy crypto market. While the price action remains subdued for now, the deflationary effect of the burns and positive ecosystem developments point toward a more bullish outlook. Investors should keep a close eye on technical indicators and market news to gauge potential breakout opportunities. With the SHIB community’s ongoing commitment to reducing supply and the broader ecosystem’s continuous evolution, Shiba Inu remains a token worth watching as it strives to reclaim its former glory in the crypto market.
Long
by DEXWireNews
SHIBA INU: One of the Pioneering Tokens in the Meme Coin Market.Hello Traders, Here’s an update on Shiba Inu on the weekly timeframe. In the early years of meme coins, SHIB was one of the pioneering tokens that started the trend and remains a strong contender with a market cap of over $7.78 billion. Currently, SHIB is in a downtrend, with the price nearing the support range of $0.00001076 to $0.0000120. SHIB must hold this support and rebound toward the resistance trendline. Failure to hold this support could likely trigger a drop to the lower support level at $0.000007. Spot Trade Setup for SHIB: - Accumulation Range 1: $0.00001076 to $0.0000120 - Accumulation Range 2: $0.0000056 to $0.0000071 - Primary Resistance/Short-term Target: $0.000026 to $0.000033 - Long-term Target: $0.000089 to $0.00015 Note: This content is for educational purposes only and not financial advice. Please do your research and analysis before investing. Trade safely. Best regards, Team Dexter
Long
by Dexter_The_Trader
Shibusdt Buy opportunityShibusdt is approaching a critical juncture after breaking through a significant bearish trendline. The price is displaying a bullish reversal setup with the completion of the ADAM and EVE neckline, and we anticipate a breakout of the neckline in the near future. The plan is to initiate accumulation at this point with a focus on the buyback zone. The immediate target for both the ADAM & Eve setup is indicated on the chart, along with the extended main setup target. Your feedback and comments on our analysis are appreciated. Thank you.
Long
by weslad
19
SHIB USDT - FRACTAL Shows Bullish Impulse NextMany altcoins are currently in Accumulation Phase and/or approaching great buy zones. This is the part of the cycle where there seems to be very little action, and the price moves in a range and sideways. It's safe to say that we can expect sideways/range trading until BTC moves the market. In a previous update, I mentioned how it is crucial to watch not only BTC, but BTC.D and the TOTAL3 market for the next move: The good news, is that this makes for an excellent time to BUY back into any market. The lowest risk option here would require some patience though, because the accumulation cycle often lasts month. Luckily - we are already a month in of mostly range trading. Here's a look at another altcoin that's possible worth buying - RNDR, which is now approaching a great zone to buy-back : __________________________________ BINANCE:SHIBUSDT
Long
by CryptoCheck-
1
Shiba Inu bulls fail: here's whyShiba Inu (SHIB), a leading meme coin, has been trading within a horizontal range since August 8. While it briefly surged past the upper boundary of this channel, it failed to sustain the breakout and dropped back below resistance on August 28. Following this, SHIB moved toward the channel’s lower boundary, which acted as support. However, the coin has now broken below this key level, signaling increased selling pressure and the likelihood of further declines in SHIB’s value. A market is said to be in consolidation when an asset trades within a horizontal channel, meaning its price moves within a defined range for a period of time. The upper boundary of this channel represents resistance, while the lower boundary acts as support. In the case of Shiba Inu (SHIB), this consolidation saw the asset facing resistance at $0.000014, while bulls provided support at $0.000012. This sideways movement highlighted the balance between buying and selling pressures in the SHIB market, preventing the coin’s price from making a strong move in either direction during this period. If Shiba Inu (SHIB) retests its recent breakout and successfully reverses, it could signal the start of a new uptrend. With sufficient buying pressure, SHIB’s price might rally toward the resistance level of $0.000014 and potentially break above it. If this occurs, the meme coin could aim for the $0.000018 mark. However, if the current downtrend persists, SHIB’s value could face a further 23% drop, bringing it back to its August 5 low of $0.00001. This scenario would indicate a deeper bearish outlook, with selling pressure continuing to weigh on the coin’s price.
by paul_endeo
SHIB ANALYSIS🔮 #SHIB Analysis 💰💰 🌟🚀In daily chart we can see a formation of "Falling Wedge Pattern" in #SHIB. Currently #SHIB falls from its descending trendline. If #SHIB breaks and holds this pattern then we will see a huge bullish move.💲💲 🔖 Current Price: $0.00001440 ⏳ Target Price: $0.00002050 ⁉️ What to do? - We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #SHIB. 🚀💸 #SHIB #Cryptocurrency #DYOR #PotentialBreakout
Long
by ZEUS_Market_Alerts
1
Cup and Handle Pattern for SHIBImagine a refreshing cup of coffee! Let's break down the **Cup and Handle pattern for SHIB, targeting $0.000017 Look for that classic cup shape, followed by a slight handle. This is your signal that something exciting is brewing! Watch for the breakout! Once SHIB closes above the handle’s resistance, it's time to dive in. This is where the real journey begins! Protect your investment! Set your stop loss just below the handle’s lowest point. This keeps your risk in check if the market takes a turn. Aim for the stars! With a target of $0.000017, calculate your potential profits based on your entry point. Use the height of the cup to project your target upwards! Is the crowd cheering? Look for increased trading volume at breakout. High volume is like a roaring applause, confirming the momentum! Keep an eye on the broader market. A bullish trend can give your trade that extra push it needs! Play it smart! Only risk a small percentage of your capital. This ensures you stay in the game no matter the outcome. Stay alert, adapt, and enjoy the ride!Happy trading, and may your gains be plentiful!
Long
by Arabian-knights
SHIBAUSDT.4HAnalyzing the SHIB/USDT chart from a technical perspective, we observe several key features indicating the asset's performance and possible future trends. Resistance and Support Levels: Resistance 1 (R1) at 0.00001803: This level has previously acted as a barrier preventing price ascents. A break above this could signal bullish momentum. Resistance 2 (R2) at 0.00002025: This is a higher resistance level which if surpassed, might indicate a stronger upward trend, confirming a bullish reversal or continuation. Current Price Trend: The asset is trading in a downward channel, marked by the yellow lines, suggesting a bearish trend. The price needs to break this channel upward to indicate a potential reversal. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD line is above the signal line but both are near zero, suggesting minimal bullish momentum. It’s crucial to monitor this as an upward cross could indicate increasing buying pressure. RSI (Relative Strength Index): The RSI is around 69, which is close to being overbought (above 70). This could either suggest that the price might soon face downward pressure, or if it stays stable, a strong bullish trend. Conclusion: Given the technical indicators and the resistance levels, the short-term outlook suggests a cautious approach. Traders should look for a potential break above the descending channel and R1 to confirm a bullish reversal. On the other hand, if the price fails to break these levels and the RSI enters the overbought territory, we might see a continuation of the downtrend or a consolidation within the channel. It's advisable to set stop-loss orders appropriately to manage risks associated with sudden price movements.
by MarsSignals