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Shiba Inu | SHIB analysisThe price of Shiba Inu is $0 .0000 116 today with a 24hour trading volume of 355 million dollar. This represents a 3% price increase in the last 24 hours and a 7% price increase in the past 7 days. Data from the Ethereum blockchain has revealed that the recently launched Koyo token project has moved forward with a major burn of the meme inspired cryptocurrency Shiba Inu , helping its burn rate skyrocket. According to the data, first spotted by users on Twitter, Koyo burned an astounding 1.49 billion SHIB tokens in a transaction that helped the burn rate of the meme-inspired cryptocurrency surge over 30,000% in the last 24-hour period. this isn’t the first time Koyo has burned a large amount of SHIB, as earlier this year the project moved 1.1 billion tokens to a dead wallet as well. Koyo, which exclusively debuted on the ShibaSwap DEX last month, has aided Shiba Inu in diminishing its vast supply by 8.75 billion SHIB tokens through various transactions directed to “inferno” addresses since its inception. Shytoshi Kusama, SHIB’s lead developer, recently shared his thoughts on the relationship between Shiba Inu’s price and burns in a telegram chat. According to Kusama, the price of Shiba Inu cannot be influenced solely by burns. In response, the Shiba Inu team has been focused on developing new technologies and utilities to foster SHIB adoption. Kusama believes that only through such efforts can Shiba Inu prices experience the significant increase that everyone desires.a massive SHIB whale has recently expanded its portfolio to nearly 5 trillion tokens after adding an additional 171.68 billion SHIB for around $1.88 million through four different transactions.notably, data from IntoTheBlock has shown that a significant portion of SHIB tokens are now in the hands of long-term investors, highlighting the growing allure of the token among those with an extended investment outlook.according to the firm’s data, holders who have retained their SHIB tokens for over a year cumulatively possess 687.17 trillion CRYPTOCAP:SHIB , valued at more than $7.20 billion. These long-term investors now command nearly 70% of Shiba Inu’s circulating supply. Meanwhile cruisers or market participants who have held their Shiba Inu tokens for one to 12 months, account for 232.54 trillion CRYPTOCAP:SHIB , equating to over $2.43 billion in value. This group represents 23.65% of the token’s total supply. Lastly traders or those who have maintained their SHIB holdings for less than a month, control 63.55 trillion SHIB, which amounts to over HKEX:650 million and constitutes less than 6.5% of the cryptocurrency’s overall supply. Meanwhile the beta test network for Shibarium is named PUPPYNET. As per the blockchain explorer BlockScout, currently (i.e., as of 8:37 a.m. UTC on April 15, the beta version of Shibarium has successfully executed more than 3,234,886 transactions. Data from this PUPPYNET explorer indicates that the number of wallet addresses utilizing Shibarium beta has reached 5,833,825. Presently, the gas fees are 1.01 Gwei, which is virtually cost-free. now lets talk about the price shib army are ready for 0. 000012 , 0. 000013 and 0. 0000135
by moonypto
12
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
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
$SHIB support and green zone for buying long and refillI have been following CRYPTOCAP:SHIB for quite a long time, and it is in a very long downtrend. This chart is similar to the setups I have created for other coins; it highlights a great zone to refill your portfolio with a high probability of good performance. DYOR, check my other setups; they are all good and doing +30% with no leverage. Don't forget to take your profit and control your greed. Meme coins are not for holding long-term—make a profit, sell, and buy another one. We are in a CRYPTOCAP:BTC downtrend, so it's time to catch opportunities. In 2 months, the current prices will look very cheap. An entry at 0.000015 or less is a bargain. Then, just wait 2 months and sell at the top of the altseason.
Long
by CryptoNikkoid
Why I say SHIBA INCREASE is CLOSE We'll take a look at a few methods of chart analysis that ultimately says a Shiba Inu increase season is on the horizon. ✅ RSI The RSI has been fair to low for an extended period of time. We also observe a bottom out on the RSI where an all time low is observed for the year, likely indicating the bottom is in: ✅ V-Shape Recovery A strong V-Shaped recovery is observed in the 4h, indicating buyers were ready to scoop up lower prices: So what are we waiting for? 👉 Technical Indicator In order to send SHIB, we will first need to see the price close ABOVE the trendline, at which point a "BUY" alert will go off: What would invalidate my bullish sentiment, is IF the price is unable to et back above the trendline pointed out above on the technical indicator, and IF we lost the higher lows: _______________________________________ BINANCE:SHIBUSDT
Long
by CryptoCheck-
SHIB Burn Rate Spike 7300% Sparks Potential for a BreakoutThe Shiba Inu coin (SHIB), often referred to as a meme cryptocurrency, has captured significant attention in the crypto community with a dramatic increase in its burn rate. The recent surge of over 7300% in SHIB's burn rate has sparked optimism and speculation about a possible price rally. Burn Rate Skyrockets According to Shibburn, the burn rate for Shiba Inu ( CRYPTOCAP:SHIB ) soared an astonishing 7334.38% in the past 24 hours, with 2.37 million coins being destroyed. This significant reduction in the coin’s total supply, now trimmed to 589.27 trillion CRYPTOCAP:SHIB , has reignited hope among investors and market watchers. Over the past week, a total of 70.44 million CRYPTOCAP:SHIB were incinerated, further emphasizing the aggressive burn strategy. Market Reaction Despite the burn rate spike,$ SHIB's price has been on a downward trajectory, slipping to $0.00001673, a 3.04% dip at the time of writing. The coin's recent high was $0.00002 on July 16, but it has since faced a steady decline. This price movement has raised concerns among investors, especially given the recent increase in burn activity. Technical Analysis and Market Sentiment Recent CRYPTOCAP:SHIB price analysis indicates a positive sentiment for the asset’s future. The coin is currently navigating a downtrend within a falling wedge pattern, a formation often seen as a precursor to a potential breakout. Further accentuating to the bullish outlook is the Relative Strength Index (RSI) which sits at 44.85. The maturity of this pattern suggests that the downtrend may be nearing its end, paving the way for a possible price pump. Shiba Inu also shows pattern of a Golden cross which is a major bullish reversal pattern it occurs as the result of a crossover of the 200-day average by the 50-day average. Furthermore, SHIB’s futures open interest (OI) rose by 0.81% to $41.56 million, and derivatives trading volume spiked by 42.52% to $68.79 million. These indicators show a growing interest in SHIB among investors, despite the recent price dip. Shibarium's Role Shibarium, Shiba Inu’s Layer 2 (L2) solution, has recently surpassed 6 million blocks, marking a significant milestone for the coin’s ecosystem. This development, coupled with the increased burn rate, suggests a robust underlying framework that could support future price growth. Future Outlook A bullish signal that could indicate the end of the downtrend. With the burn rate surge and strong technical indicators, there is a growing belief that SHIB could reach the $0.0000377 target in August. Conclusion The Shiba Inu coin’s dramatic increase in burn rate and the associated market optimism present a compelling narrative for potential price growth. While the coin has faced a recent decline, the underlying technical and market dynamics suggest a possible turnaround. Investors and market participants should watch closely, as SHIB's price action in the coming weeks could confirm or challenge these optimistic projections.
Long
by DEXWireNews
SHIB/USDT Trading ScenarioAmid the overall negativity in the cryptocurrency market, SHIB has significantly dropped in price, falling from a local high of $0.00004605 to $0.00001272. This decline amounts to more than 70%. The asset's price has nearly reached a range of global interest among participants, as confirmed by the volume profile. Currently, there is an attempt to recover the price and consolidate below the downward-sloping resistance level. We can anticipate a breakout of the downward-sloping resistance level, followed by consolidation above it and further price growth. The resistance level may be at $0.00002963. However, the possibility of continued price decline should not be ruled out, with a potential drop to the Point of Control (POC) at $0.00001032 and a subsequent bounce from that level.
by Rick_SimpleSwap
$SHI / USDT bullish wave coming soon. Be ready!CRYPTOCAP:SHIB is in a bullish pennant flag that is about to break out to the upside. It is a beautiful flag with a huge pole, perfectly executed. The Fibonacci retracement is giving us the target price (TP) with 100% potential. Just follow the chart; it is pretty obvious. The Stochastic RSI is about to pump on the daily chart. Everything is aligned for a bullish wave. DYOR (Do Your Own Research), as anything can happen. This is my personal opinion, not investment advice.
Long
by CryptoNikkoid
6
Trading Analysis of Shiba Inu (SHIBA) - 4 Hour timeframeTrading Analysis of Shiba Inu ( COINBASE:SHIBUSD SHIUSD) - 4 Hour timeframe Overall Trend: Downtrend: The price being below the 50, 100, and 200-period moving averages since June 7th suggests a strong downtrend. Short-term movement: Difficult to assess: A 4-hour timeframe doesn't provide enough information to definitively say if there's a current uptick or just a small consolidation within the downtrend. Volume: High Volume: The volume of 140 billion is significantly higher than usual, which could indicate increased selling pressure or potentially a buying opportunity depending on price action. Momentum Indicators: RSI (30.00 - 40.00) : This indicates oversold territory. Oversold readings suggest the asset might be undervalued based on recent price movements, but they don't guarantee an immediate rebound. MACD: The MACD signals being below the histogram since June 7th confirms the downtrend in momentum. Summary: The technical analysis of SHIBA on a 4-hour timeframe leans bearish. The downtrend, high volume, oversold RSI, and MACD below the histogram suggest continued selling pressure. However, due to the limited timeframe, it's difficult to say for sure if there's a short-term reversal or just a pause in the downtrend. Here are some additional things to consider for a more comprehensive analysis: Longer timeframes: Analyze daily, weekly, and monthly charts to understand the bigger picture. News and Events: Look for any recent news or events that might be impacting the price of Shiba Inu. Market sentiment: Consider the overall sentiment in the cryptocurrency market. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions in cryptocurrency, as the market is highly volatile. "In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading: "Now is the time to buy".
BITSTAMP:SHIBUSDShort
by rodulfox
SHIB TM : 1hHello traders. I hope you doing well. These areas are based on my personal strategy and I will share it with you. Open a sell position on the supply area or open a buy position on the demand area. Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account. But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading. I hope you will achieve maximum continuous profit with me by using supply and demand areas. Good luck traders. Mohammad Goodarzi
by itsbluemorpho
SHIB - DUMP Incoming 📉📉Hi Traders, Investors and Speculators of Charts📈 Shiba was unable to breakout above the recently formed pennant pattern in the weekly timeframe. Usually pennants are bullish but if the pattern fails a huge downside can be expected, indicating weakness and dominant sellers. The next likely support is only at the moving averages, with both the 50d and 100d roughly at the same place (price tags on the right hand side). If the markets do not turn around in the immediate future, SHIB could drop as much as 40%, since it drops much harder than BTC and ETH during liquidity rotations. Considering that this is the weekly timeframe, it may take some time for the price to reach the moving averages trendlines. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:SHIBUSDT
Short
by CryptoCheck-
1
SHIBUSD Shiba Inu Unlocking Profit PotentialButterfly Harmonic Pattern Formation: SHIBUSD is currently displaying a formation of a Butterfly Harmonic Pattern, indicating potential bullish momentum in the near future. This pattern is characterized by distinct Fibonacci levels and specific geometric shapes. Trendline Confirmation: The pattern is further validated by the presence of a trendline, adding confluence to the bullish bias. The intersection of the trendline with the Butterfly Harmonic Pattern enhances the significance of the potential reversal. Key Support and Fibonacci Level: Point D of the Butterfly Harmonic Pattern coincides with a key support level and the 0.786 Fibonacci retracement level. This convergence strengthens the reliability of the bullish setup, suggesting a favorable entry point for traders. Trade Setup: - Entry: Long position initiated at 0.00002230, aligning with the bullish confirmation at Point D and the confluence of support and Fibonacci levels. - Stop Loss: Placed at 0.00001823 to mitigate potential losses in case of adverse price movements, maintaining risk management principles. Profit Targets: - TP-1: Set at 0.00002838 to capture the initial bullish momentum and secure partial profits. - TP-2: Positioned at 0.00003250 to capitalize on extended upward movement, reflecting a conservative profit-taking approach. - TP-3: Targeted at 0.00003835, aiming for further upside potential and maximizing returns while adjusting risk exposure accordingly. Conclusion: Based on the technical analysis, SHIBUSD presents a promising opportunity for bullish trading, supported by the formation of a Butterfly Harmonic Pattern, trendline confirmation, and confluence of key support and Fibonacci levels. Traders are advised to exercise prudent risk management strategies and adhere to the outlined trade setup for optimal performance.
Long
by trading_jupiter
1