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#shiba inu #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibusdt

Shiba Inu’s adoption rate is growing at an alarming rate as it scores another major adoption with the popular digital asset exchange Crypto.com’s latest announcement. The crypto exchange has included Shiba Inu for its Visa card payments, alongside several other popular meme coins. Crypto.Com Expands Support For Shiba Inu Crypto.com has unveiled the incorporation of […]

#shiba inu #shibarium #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibusdt #shibarium news #shibarium network

Key Shibarium metrics suggest the Shiba Inu ecosystem might be gearing up for a push to the upside. Notably, Shibarium’s transaction data has seen triple-digit percentage jumps in transactions and fees paid in BONE over the past week. This suggests Shiba Inu might be receiving increased attention from traders, a scenario that may result in SHIB rebounding at a crucial support level during the course of the week. Shibarium Sees Massive Surge In Activity Over the Weekend According to the latest data, transactions on the Shibarium network exploded over the weekend, soaring a whopping 441% on Saturday. Over 13,190 transactions were recorded on Shibarium on Saturday, up from just under 3,500 earlier in the week. The massive surge in activity led to higher fees on the network as it strained under the increased load. Related Reading: Spot Ethereum ETFs Expected To Begin Trading On July 2, Can This Propel ETH To $10,000? Consequently, the average fees paid in BONE on Shibarium transactions jumped 176%. Furthermore, data from Shibariumscan indicates that 154 new accounts were created on Sunday, a 1,600% increase from 9 new accounts created on Monday, June 10.  Interestingly, these numbers are small compared to metrics recorded on Shibarium earlier in the year. However, their increases have come during a particularly bearish period for the Shiba Inu community. This is a positive sign for SHIB price, as the increase in transactions increases the amount of gas fees, which in turn increases the number of SHIB tokens to be burned. Current State Of Shiba Inu At the time of writing, SHIB is trading at $0.00002013 and is currently down by 2.21% in the past 24 hours. Notably, SHIB has declined for the past seven days amidst a wider market price drop led by Bitcoin. Consequently, SHIB has lost 13.11% of its market cap in the past seven days as traders continue to exit their long positions. SHIB now finds itself trading around the psychological $0.000020 price zone and could even break down further despite Shibarium’s transaction surge over the weekend. According to data from IntoTheBlock, only about 3.97 trillion SHIB tokens purchased by 5,270 addresses serve as resistance at this price level. If SHIB fails to defend this support and breaks below, the next key level is at $0.000190, where 4,310 addresses are currently holding 6.21 trillion SHIB tokens. Related Reading: Ethereum: 200,000 ETH Options Expiry Spurs Demand – How Far Can Price Go? Lucie, Shiba Inu’s marketing lead, recently hinted at an airdrop for everyone who bridged to Shibarium in the first year, sparking interest from Shib enthusiasts. Nevertheless, Lucie provided clarification and noted that this is merely an imaginary scenario and does not guarantee anything. “THIS IS A HYPOTHETICAL QUESTION PROMISING NOTHING. JUST WONDERING,” Lucie said on social media platform X. Featured image from Coinfomania, chart from Tradingview.com

#dogecoin #shiba inu #doge #shib #shib news #shib price #doge price #shiba inu news #shiba inu price #shibusd #shibusdt #doge news #dogecoin news #dogecoin price #dogeusd #dogeusdt

Dogecoin (DOGE) and Shiba Inu (SHIB) have experienced price declines of over 10% this week. The downtrend experienced by these meme coins is likely due to the macro side, which has cast doubts in the minds of crypto investors. The US Fed’s Hawkish Stance Has Cast A Shadow Of Doubt Dogecoin and Shiba Inu are […]

#shiba inu #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibusdt

Shiba Inu (SHIB) whales are at it again, with this category of investors seen to have accumulated a significant amount of the meme coin. This development follows Forbes’ recent endorsement of the second-largest meme coin by market cap.  Shiba Inu Records 170% Surge In Whale Activity Data from the market intelligence platform IntoTheBlock shows that […]

#crypto #shiba inu #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibusdt #crypto news #crypto analyst #analyst

Shiba Inu, the second largest meme coin, has been undergoing a sideways price movement in the past 30 days, with an emphasised decline in the past seven days. On-chain data indicates this decline might continue in the short term as selling pressure continues to increase. Some of the major holders of Shiba Inu have lately […]

#shiba inu #shib #shib news #shiba inu news #shiba inu price #shibusd #shibusdt #shib burn #shib price shiba inu burn

The Shiba Inu burn rate has seen a notable spike over the last 24 hours, following significant burns from the community. This is a notable change from the prior week’s slow and disappointing burn rate, showing a return of bullish sentiment among investors. Shiba Inu Burn Rate Spikes 3,275% According to data from the Shiba […]

#shiba inu #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibusdt

Shiba Inu has seen a notable uptick in its open interest that has sent renewed vigor through investors. While the meme coin’s open interest is yet to break its Match 2024 all-time high, it is on a bullish trend that could see an attempt soon. Shiba Inu Open Interest At February Levels The total Shiba Inu open interest has climbed back above $97 million across multiple exchanges, bringing it to one of the highest levels so far for the year. According to data from Coinglass, the SHIB open interest is now sitting at $97.08 million as of June 6, 2024. Related Reading: Bitcoin, Ethereum, Solana Over 150% Annual Gains Leave The Stock Market, Gold In The Dust This figure is notable because the open interest has been struggling over the last few months. After hitting an all-time high of almost $136 million in March 2024, the Shiba Inu open interest fell rapidly, losing more than half of its value by mid-April. However, the SHIB open interest began to recover in May, and with June rolling around, the open interest has surged. From the March lows to the currently June figures, the Shiba Inu open interest is now up almost 100%, showing a notable spike in interest from investors. Currently sitting above 97%, the SHIB open interest is now around 60% away from making a new all-time high. The possibility of this happening has significant implications for the SHIB price hitting a new all-time high as well. Why A Rise In Open Interest Is Important The Shiba Inu open interest is on the rise is significant not just to measure investor interest but in how it affects the SHIB price. Looking at the March figures when the SHIB open interest had hit a new all-time high, the price had rallied right alongside it. So the current increase could translate into a price rally as well. Related Reading: Analyst Says Get Ready As Dogecoin Enters ‘Expansion Stage’, Can DOGE Reach $12? If the open interest were to go back to its $136 million ATH, going by how much the price rose the last time, it could see the Shiba Inu price touch $0.00004 once more, and hit a new yearly high. This is because in March, the SHIB price more than doubled when the open interest surged. However, in the last 24 hours, there has been a small slow down in the open interest, with an overall 0.42% decrease. The SHIB price is currently trending at $0.0000256 at the time of writing, representing a 4.41% decrease in the last week.  

#shiba inu #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibusdt

A lead developer of the doggy-themed meme coin, Shiba Inu has issued a critical warning to SHIB community members about an ongoing scam attack involving one of SHIB’s native tokens, TREAT.  Scam Attackers Launch Fake TREAT Token On June 2, a Shiba Inu member identified as ‘Digarch’ shared a screenshot of a scam alert issued […]

#shiba inu #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibusdt

The Shiba Inu (SHIB) ecosystem had an event-filled week with several developments surrounding the meme coin. These developments again highlighted the mixed sentiment towards Shiba Inu (SHIB), with the crypto token running the risk of declining further from its current price level.  Shibarium Sees Spike In Total Value Locked Data from DeFiLlama shows that the […]

#crypto #shiba inu #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibusdt #crypto news #crypto analyst #analyst

Crypto analyst Capt Toblerone recently provided insights into the Shiba Inu (SHIB) future trajectory using the Elliot Wave Theory. This suggested that the meme coin’s recent price correction was simply part of a bigger picture, with the analyst predicting the meme coin will hit a new all-time high (ATH) on its next leg up.  SHIB’s Price Is Headed Towards $0.00022 Capt Toblerone shared a Shiba Inu chart on his X (formerly Twitter) platform, which showed that Shiba Inu will rise to as high as $0.00022000 when Wave 3 of the five-way sequence takes place. The chart shows that Wave 2 of the sequence was currently taking place, with SHIB witnessing a corrective move.  Related Reading: Crypto Expert Says Market Has Begun A Macro Bullish Expansion – What This Means For Bitcoin And Altcoin Prices A rise to $0.00022000 would create a new all-time high (ATH) for the second-largest meme coin by market cap, with its current ATH at $0.00008845. Capt Toblerone’s analysis also showed that Shiba Inu could hit this new ATH by September this year. Interstingly, Shiba Inu’s price isn’t expected to peak there, as the chart also showed that the meme coin could hit another ATH when Wave 5, which is also a bullish move, takes place later on.  In the meantime, SHIB is facing corrective Wave 2, with the meme coin declining by over 7% in the last 24 hours. This follows its recent impressive price rally when it gained over 15% and even flipped Cardano to become the tenth-largest crypto token by market cap.  Although Shiba Inu has once again dropped out of the top 10 rankings with its recent price decline, the meme coin could easily break into it again if it eventually rises to $0.00022, as Capt Toblerone predicts. Shiba Inu undoubtedly has the bullish momentum to enjoy such price gain since this bull run is expected to be a meme supercycle.  Bitcoin Analyst Is Also Bullish On Shiba Inu Crypto analyst and early Bitcoin investor Jeremie Davinci recently reaffirmed his bullish sentiment toward Shiba Inu. He mentioned in an X post that the meme coin will break out and rise to as high as $0.00006000 when this downward trend is over. He further revealed that he will be looking to accumulate more SHIBas he sees an opportunity to make money.  Related Reading: Solana Remains Institutional Investors’ Favorite, YTD Flows Ramp Up To $29 Milion Crypto analyst Oscar Ramos also recently mentioned that SHIB is set to run to its current ATH and “beyond.” He added that the meme coin is ready to shed another zero and rise to $0.0001. The crypto analyst had previously highlighted this price level as his target for Shiba Inu in this bull run.  At the time of writing, Shiba Inu is trading at around $0.00002604, down in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

#shiba inu #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibusdt

The crypto community’s attention has been drawn to a Shiba Inu trader who made over $1 million from the meme coin. This trader is seen to have made such life-changing gains thanks to their foresight and fortitude in holding the meme coin for such a long time.  How This Shiba Inu Trader Turned $2,625 To […]

#dogecoin #shiba inu #doge #shib #shib news #shib price #doge price #shiba inu news #shiba inu price #shibusd #shibusdt #doge news #dogecoin news #dogecoin price #dogeusd #dogeusdt #machine learning algorithm

Expectations for the prices of Dogecoin and Shiba Inu have deviated as a machine learning algorithm has predicted where the price of these two meme coins will be in the month of June 2024. While the machine learning algorithm expects the price of Shiba Inu to do well in the coming month, it has taken […]

#shiba inu #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibusdt

The Shiba Inu (SHIB) ecosystem is set to record another milestone, with the layer-2 network Shibarium approaching 5 million blocks. Despite this development, Shiba Inu’s price has remained tepid for a while now, which is undoubtedly worrisome for members of the SHIB community.  Shibarium About To Hit 5 Million Blocks Data from the Shibariumscan shows […]

#coinbase #shiba inu #meme coins #meme coin #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibusdt #meme coin news #meme coins news #coinbase news #coinbase exchange

America’s largest cryptocurrency exchange, Coinbase will list another round of cryptocurrencies for its perpetual futures contract, opting for meme coins this time around and featuring prominent tokens like Shiba Inu (SHIB), Bonk (BONK) and Floki (FLOKI).  Coinbase Perpetuals To List New Meme Coins On May 24, Coinbase International Exchange announced that it will start offering […]

#crypto #shiba inu #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibusdt #crypto news #crypto analyst #analyst

Crypto analyst Oscar Ramos has outlined why he doesn’t believe the Shiba Inu price can go above $0.01 this cycle. He made this statement while alluding to the possibility of the meme coin reaching $0.5 at some point in the future.  Why Shiba Inu Can’t Go Above $0.01 Ramos mentioned in an X (formerly Twitter) post that Shiba Inu can’t go above $0.01 because of its current supply of over 589 trillion, according to data from CoinMarketCap. The crypto analyst made this remark while sharing a prediction chart from the price prediction website Telegaon, which showed that Shiba Inu could reach $0.5 in 2040. Related Reading: Why Is The Ethereum Price Up 20% Today?   Indeed, Shiba Inu’s circulating supply significantly impacts its price, which is why the Shiba Inu team has made a conscious effort to reduce the amount of SHIB tokens in circulation through regular token burns. Shiba Inu’s burn tracker had previously noted that Shiba Inu’s circulating supply would need to be just over 85 billion for its price to even reach $0.01, as Ramos predicts.   That means almost 80% of Shiba Inu’s circulating supply still needs to be burned for the meme coin to attain Ramos’ price target. Crypto YouTuber Jeff had previously suggested that it was almost impossible for Shiba Inu to burn that much of its circulating supply, stating that it would take over 1 million years for Shiba Inu’s circulating supply to reduce to 100 billion tokens.  However, there is no doubt that the Shiba Inu team has still made great efforts to reduce the meme coin’s circulating supply. Over 76 billion SHIB tokens were burned in 2023, while 83 billion were burned the previous year. Seeing how Shiba Inu’s price has increased since last year, these efforts are paying off.  While burning 80% of Shiba Inu’s circulating supply still seems like a far-fetched goal, SHIB token burns are expected to increase exponentially, especially thanks to innovations like layer-2 network Shibarium, which uses some of the transaction fees earned for SHIB burns. Therefore, the number of token burns carried out will increase as Shibarium enjoys more adoption.  SHIB Can At Least Rise To $0.011 Crypto analyst Ali Martinez had previously predicted that Shiba Inu could make a historic run from its current price level and rise to as high as $0.011. Other crypto analysts have also given bullish price predictions for Shiba Inu, although not as bullish as Martinez’s.  Related Reading: Institutional Investors Pour $942 Million Into Bitcoin, Will This Trigger A Rally To $80,000? Crypto analyst Armando Pantoja predicted that Shiba Inu could reach $0.001 and even claimed this would happen after the Bitcoin halving. Ramos has also given his bullish prediction for SHIB in this bull run, as he predicts that the meme coin can shed another zero from its current price and rise to $0.0001.  At the time of writing, Shiba Inu is trading at around $0.00002603, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com

#shiba inu #shib #shib news #shiba inu news #shiba inu price #shibusd #shibusdt #shib burn #shib price shiba inu burn

The Shiba Inu burn rate has accelerated once again after a lackluster start to the week. The burn rate has surged over 400% in the last 24 hours alone, signifying a move alongside the Shiba Inu price as the crypto market rally continues. Shiba Inu Sees 434% Spike In Burn Rate The burn rate, over […]

#bitcoin #crypto #standard chartered #shiba inu #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibusdt #crypto news #crypto analyst #analyst #standard chartered analysts #standard chartered new

Analysts from leading international cross-border bank, Standard Chartered have made a bold prediction that Bitcoin could witness a significant rise to new all-time highs above $73,700. This projection, slightly higher than the cryptocurrency’s previous peak, comes with an unexpected and wholly ambitious timeline.  Bitcoin Poised To Reach New All-Time Highs Geoff Kendrick, Head of EM FX Research, West and Crypto Research, Standard Chartered, has made a bullish prediction for Bitcoin, the world’s largest cryptocurrency. In an email to TheBlock, Kendrick stated that Bitcoin is poised to break out of its previous all-time high on March 14, 2024, to witness a massive surge to approximately $73,798.  Related Reading: Crypto Market Liquidations Top $330 Million In 24 Hours With Ethereum In The Lead The analyst has projected a rather grandiose timeline for this bullish rally, expecting Bitcoin to hit the forecasted price target by the weekend. Kendrick attributed this potential price increase to the recent inflows into Spot Bitcoin ETFs.  Earlier on May 21, data from Farside investors indicated that Spot Bitcoin ETFs had recorded their best inflow week in the last two months. The digital asset saw over $305.7 million in inflows, with BlackRock’s Bitcoin Trust ETF (IBIT), amassing the largest inflows of $290 million.  Cumulatively, Spot Bitcoin ETFs have recorded inflows of more than $13 billion from its launch on January 11 to the present. This increased demand and influx of capital which had been a major contributor to Bitcoin’s previous rise to a new all-time high in March, could propel fresh surges for the cryptocurrency.  Kendrick has also disclosed that the possible approval of Ethereum Spot ETFs by the United States Securities and Exchange Commission (SEC) could have a significant impact on Bitcoin’s price dynamics. The analyst has doubled down on his previous price prediction which anticipates Bitcoin’s rise to $150,000 by the end of 2024 and a whopping $200,000 increase in 2025. BTC Price Analysis As of writing, the price of Bitcoin is trading at $70,013, reflecting a slight decline of 1.39% in the last 24 hours, according to CoinMarketCap. The cryptocurrency has been on a steady bullish momentum over the past week, experiencing consistent price surges, which have led to a sharp increase of 12.86%.  Related Reading: Solana Cup And Handle Pattern Means An At Least 90% Move Against Ethereum, Analyst Says Popular crypto analyst, Michael van de Poppe has reported that Bitcoin is up more than 20% since its previous lows of $56,000 earlier this year. The approval of an Ethereum Spot ETF could see the cryptocurrency’s price potentially rising more, following previous patterns when the SEC’s approval of Spot Bitcoin ETFs triggered a major price spike for the pioneer cryptocurrency.  This sentiment for a bullish breakout is shared by crypto analyst Ali Martinez, who has asserted that Bitcoin is currently showing a strong potential for further gains, underscoring the cryptocurrency’s robust price potential and strong fundamentals.  Featured image created with Dall.E, chart from Tradingview.com

#crypto #shiba inu #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibusdt #crypto news #crypto analyst #analyst

A crypto analyst has predicted a massive bull rally for doggy-themed cryptocurrency, Shiba Inu (SHIB). The analyst points to a new technical pattern emerging for SHIB, indicating the potential for a surge to new highs.  SHIB Sets Sights For Next Upside Target A crypto and Bitcoin analyst identified as ‘Clifton Fx’ on X (formerly Twitter) […]

#shiba inu #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibusdt

Shiba Inu is exhibiting interesting price action as it looks to break above a downward-sloping upper trendline under which it has been trading since the first week of March. Currently, SHIB is up by 10% in the past seven days and is at a decisive junction of a breakout that could lead to a strong […]

#shiba inu #shibarium #altcoin #shib #altcoin season #bitcoin (btc) #shibusd #shibusdt #bone #shibarmy #lucie #leash #sheb

As the cryptocurrency industry moves toward a thriving altcoin Season, popular Shiba Inu team member and marketing lead Lucie has proclaimed the season is the perfect time to showcase the potential of Shibarium, the project’s layer 2 blockchain solution, to the larger cryptocurrency community. In this statement, Lucie positions Shibarium as a major participant in […]

#whales #shiba inu #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibusdt #shiba inu whales #whale news

Shiba Inu (SHIB) is again on top as crypto whales return to the meme coin’s ecosystem. On-chain data shows that these high-volume investors have been recently accumulating the meme coin, which could ultimately affect its price.  Shiba Inu Sees Spike In Whale Transactions Data from the on-chain analytics platform IntoTheBlock shows that Shiba Inu saw […]

#shiba inu #shibarium #meme coins #shib #shibusd #shibusdt #ali martinez #dami defi #lucie

Well-known cryptocurrency expert and enthusiast Dami Defi has offered his insights on the price action of Shiba Inu, predicting a surge in the crypto asset as the Meme coin market sees a fresh wave of demand. Given the optimism around meme coins lately, Dami Defi is confident that Shiba Inu could rise by over 50% shortly. Shiba Inu Price Could Rise By 20% Shiba Inu (SHIB) has become one of the leading meme coins, attracting positive outlooks from several analysts in the crypto space today. Even though Shiba Inu began the week on a negative note, Dami Defi believes the meme coin can potentially surge in the short term. Related Reading: Crypto Analyst Predicts 350% Surge For Shiba Inu – Here’s The Target According to Dami Defi, the digital asset’s price has formed a descending wedge pattern in the 1-day timeframe. Should SHIB break out of this falling wedge pattern, Dami Defi anticipates an over 50% surge in Shiba Inu’s price. This 50% increase will take the crypto asset from its present price to the $0.000035 level. The analyst predictions align with Ali Martinez’s forecast, highlighting that the digital asset’s price is moving in a descending parallel channel.  While Dami Defi anticipates an over 50% price surge for Shiba Inu, Martinez expects the crypto asset to rise by over 20% in the short term. Martinez’s anticipated 20% increase will take the crypto asset from the $0.00002444 price to the $0.00002954 level. Martinez appears bullish on Shiba Inu, as he had predicted the asset to reach $0.000072323. He highlighted that SHIB on the daily chart seems to be forming a bull flag, indicating an impending movement on the upside. Due to this, the expert opened trade at around $0.000018343 in hopes of a strong breakout that will take Shiba Inu to $0.000072323. Martinez’s prognosis, fueled by March’s rally, indicates that SHIB’s value may rise even further, providing investors in this thriving and active sector of the cryptocurrency market with a positive outlook for the meme coin. SHIB Predicted To Repeat 2021 Price Trend Or Even Better Shiba Inu’s marketing head, Lucie, delved into the memecoin’s price action. Lucie claims that during October 2021, SHIB, with no burns and no significant adoption at the time, witnessed a surge from $0.000007 to $0.000088 in just a matter of days, indicating an over 1,100% rise. Related Reading: Shiba Inu Price Prediction: Crypto Analyst Says Massive Surge Is Coming, Here’s The Target With the massive burns and widespread seen today within the SHIB ecosystem, Lucie might be suggesting the potential for the asset to reiterate this move or even further in this bull cycle. If this trend repeats, SHIB’s price might reach $0.00025 in this bull cycle. Lucie also underscored the consistent support by SHIB’s robust community and strong Shibarium ecosystem since 2021, which might also catalyze Shiba Inu’s growth. At the time of writing, SHIB was trading at $0.00002366, demonstrating an increase of over 4% in the past week. Despite the price rise, its market cap has been down by 2.59%, while its trading volume has been up by 1.79% in the past day. Given the momentum in the meme coin market, SHIB may be able to see more gains in the coming months. Featured image from iStock, chart from Tradingview.com

#shiba inu #shib #shib news #shiba inu news #shiba inu price #shibusd #shibusdt #shib burn #shib price shiba inu burn

As the bearish pressures of the crypto market catches up to Shiba Inu, it has begun to manifest in other metrics of the meme coin. The most prominent in recent times is the SHIB burn rate, which has taken a significant nosedive during this time. Shiba Inu Burn Rate Crashes 91.94% In a surprising turn […]

#ethereum #shiba inu #vitalik buterin #shib #shibusd #shibusdt #knine #covid-19 #shiabrium #indian crypto relief fund #k9 finance dao

In a significant move to commemorate Ethereum co-founder Vitalik Buterin’s historic SHIB token burn, Shiba Inu partner K9 Finance, the project’s official liquid staking productm has announced its plans to burn 410 million KNINE tokens, which has garnered widespread attention and appreciation within the cryptocurrency community. Vitalik Buterin’s Shiba Inu Burn Inspires K9 Finance to […]

#shiba inu #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibusdt

Shiba Inu (SHIB) has expanded into the e-commerce market, scoring another major listing from the cryptocurrency payment platform, CoinGate. The payment company disclosed that it had boosted its cryptocurrency offerings with the doggy-themed cryptocurrency, allowing users to purchase traditional products like sports gear, gift cards and more.  Shiba Inu New Listing In a recent X […]

#shiba inu #shib #shib news #shib price #shiba inu news #shiba inu price #shiba inu team #shibusd #shibusdt #shiba inu community #shib community

The Shiba Inu team has issued a crucial warning to its community, alerting them to the presence of fraudulent groups seeking to exploit the trust of SHIB community members for personal gain. This cautionary message from the team arrives as the cryptocurrency scored another significant listing milestone. SHIB Team Cautions Against Scams The Shiba Inu […]

#dogecoin #shiba inu #doge #shib #shib news #shib price #doge price #shiba inu news #shiba inu price #shibusd #shibusdt #doge news #dogecoin news #dogecoin price #dogeusd #dogeusdt

Major cryptocurrencies have exhibited an interesting price dynamic in the past few days. According to data from Coinmarketcap, the majority of cryptocurrencies, including Dogecoin, have posted losses in the past 24 hours. On the other hand, some of these cryptocurrencies are still on a price increase when looking at a larger timeframe and many more […]

#crypto #shiba inu #cryptocurrency #shib #shibusd #crypto analyst #shiba inu bull flag #shiba inu bullish #shiba inu rally

An analyst explained how Shiba Inu could be heading towards a massive rally based on a bull flag pattern that forms in its daily chart. Shiba Inu Has Been Consolidating Inside A Bull Flag Recently In a new post on X, analyst Ali has discussed about a bull flag that has recently appeared in the daily price of Shiba Inu. The bull flag is a pattern in technical analysis (TA) that, as its name suggests, is shaped like a flag on a pole. The pattern forms when an uptrend is followed by a period of consolidation inside a parallel channel toward the downward direction. The starting uptrend makes up for the pole, while the channel acts as the flag. Related Reading: Bitcoin Greed No More: Sentiment Back At Neutral After $57,000 Plunge Like other TA patterns, the consolidation channel or flag here comprises two parallel lines. The upper level connects the price tops, while the lower one joins the bottoms. When the asset retests either of these levels, it’s probable to undergo a reversal, with the upper line of the channel acting as a point of resistance and the lower one as support. A break above the resistance line is considered a bullish signal for the price. The uptrend resulting from such a break may be the same length as the flag’s pole. On the other hand, a drop below the flag (that is, a breakdown of support) invalidates the formation and may even suggest the takeover of bearish momentum for the asset. Similar to the bull flag, there is also the bear flag in TA, which works much in the same way, except that it occurs during a downtrend (with the flag signifying consolidation towards the upside following a downward pole). Now, here is the chart shared by Ali that shows the bull flag pattern Shiba Inu has potentially been forming on its daily price recently: The formation that the memecoin's price has been displaying during the last few weeks | Source: @ali_charts on X From the graph, it’s clear that the Shiba Inu 1-day price has been consolidating inside what appears to be a bull flag pattern channel in the past few weeks. “I’m placing buy orders around $0.000018343, aiming for a bullish breakout that sends $SHIB to $0.000072323,” says the analyst. The former level is about where SHIB should meet the flag’s support next if it continues in its current trajectory, while the latter target is based on the height of the pole. Related Reading: Bitcoin To $92,190: Crypto Analyst Reveals Path To ATH Target A run to the bullish target of $0.000072323 would imply a rally of more than 244% from the current spot price of the cryptocurrency, while from the lower support of $0.000018343, any such surge would correspond to a growth of over 294%. It remains to be seen whether Shiba Inu will show a break above this bull flag pattern and, if it does, whether the price will benefit from bullish effects. SHIB Price At the time of writing, Shiba Inu is trading around $0.00002110, down more than 18% over the past week. Looks like the price of the coin has been heading down over the last few days | Source: SHIBUSD on TradingView Featured image from Traxer on Unsplash.com, charts from TradingView.com

#dogecoin #shiba inu #meme coins #doge #shib #shib news #shib price #pepe #doge price #shiba inu news #shiba inu price #shibusd #shibusdt #doge news #dogecoin news #dogecoin price #dogeusd #dogeusdt #pepe news #pepe price #pepeusd #pepeusdt

Pepe (PEPE) has been one of the best-performing crypto assets since the beginning of the year, with a year-to-date (YTD) gain of over 400%. This crypto analyst predicts that PEPE can continue this impressive run and become the largest meme coin by market cap, ahead of Dogecoin and Shiba Inu. PEPE To Flip Dogecoin (DOGE) And […]

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In a recent X (formerly Twitter) post, Shiba Inu marketing lead, Lucie shared a blog highlighting the date for the upcoming launch of Shibarium’s network hard fork. According to Lucie, the new update will deliver fresh and advanced features for community members and users within the Shibarium ecosystem.  Shiba Inu’s Shibarium Hard Fork Date Revealed […]