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Shiba Inu News
Newsbtc
1M
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Shiba Inu Trapped Inside Triangle: 17% Move Incoming?
- Analyst points out that Shiba Inu is trading within a triangle pattern, hinting at a potential 17% move for the memecoin.
- Triangle pattern observed on the 4-hour chart of Shiba Inu suggests consolidation between two converging trendlines, with upper line as resistance and lower line as support.
- The triangle pattern indicates a descending type, potentially signaling a bearish trend continuation or a reversal with a breakout in the upward direction.
- Shiba Inu's current price near the midpoint of the trendlines implies an impending breakout as the triangular channel tightens, with the coin trading around $0.00001436.
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Zycrypto
1M
347
Image Credit: Zycrypto
Shiba Inu Whales Move 34 Trillion SHIB to Cold Storage, Signaling All-Time High Blowup
- Shiba Inu (SHIB) is experiencing increased buyer interest with higher lows indicating a potential uptrend and bullish momentum.
- Higher lows signify a trend reversal and growing investor confidence for Shiba Inu, aiming to reclaim intraday resistance at $0.00001491.
- Large investors accumulating SHIB tokens is suggested by the -34.1 trillion SHIB netflow from exchanges, indicating a shift towards long-term holding and reduced selling pressure.
- Steady user activity is noted for Shiba Inu, with coins exiting exchanges for cold storage purposes, while the burn rate of SHIB has surged by 17,930% recently, enhancing its bullish outlook through reduced supply.
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TheNewsCrypto
1M
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Is SHIB Headed for a Steeper Fall or Finding Its Floor?
- SHIB is currently trading near the $0.000014 mark with a 24-hour trading volume spike of 3%.
- The meme coin market cap has reached $74.6 billion, with Shiba Inu (SHIB) losing over 1.53% in the past 24 hours.
- SHIB's burn rate is down by 55.72%, with 18,356,090 tokens burned, leaving over 584.48 trillion tokens in circulation.
- Technical indicators suggest a bearish sentiment for SHIB, with a possible slip to crucial support at $0.00001395 if bearish track continues.
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TheNewsCrypto
1M
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SHIB Forecast: $0.01 Possible by 2025, But Ozak AI Might Beat It With a 300x Climb
- Speculation is rife among meme coin enthusiasts regarding Shiba Inu's potential to hit $0.01 by 2025, boosted by real utility like Shibarium layer-2 network and growing DeFi ecosystem.
- Shiba Inu faces the challenge of appreciating by more than 400x to reach $0.01, with key resistance levels at $0.000030, $0.000045, and $0.000088, while needing to hold support at $0.000012, $0.000009, and $0.0000001.
- Contrastingly, Ozak AI emerges with a utility-driven approach, offering cutting-edge technology and a potential 300x gain by 2025 with a low entry point of $0.003, focusing on predictive intelligence and decentralized infrastructure.
- Ozak AI's utility-focused strategy and innovative features position it as a strong contender for substantial growth, potentially surpassing Shiba Inu as the more promising asset in the coming years.
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15 Likes
Cryptopotato
1M
99
Image Credit: Cryptopotato
Good News for Dogecoin’s Price, But What About Shiba Inu? (Details)
- Dogecoin's price showing promise as a buy signal is flashed on the hourly chart by the TD Sequential metric, indicating potential gains in the near future.
- Dogecoin peaked at $0.26 on May 11 but has since lost momentum and currently trades at just over $0.222, with a possibility of upcoming gains signaled by TD Sequential.
- Shiba Inu's price has fallen by around 12-13% since mid-May, currently consolidating in a descending triangle pattern that could lead to a significant 17% move, showing a bearish chart pattern.
- Despite concerns over Shiba Inu's price structure, some industry experts remain bullish on the asset, viewing it as a complex yet promising investment within the crypto industry.
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5 Likes
TechBullion
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419
Image Credit: TechBullion
Yeti Ouro $100K Raffles Attracts Investors, While SHIB Plays Catch
- Yeti Ouro's Stage 4 tokens are priced at $0.041, with $4.31 million raised and a $100k raffle attracting investors.
- Raffle tickets for YETIO are automatic with each presale buy, and the project has seen steady inflows and increased social media following.
- Yeti Ouro's smartchains and wallets have been audited, with a capped supply of one billion tokens, aiming to reduce rug-pull risk.
- YETIO's utility is linked with a fast-paced racer game called YetiGo, offering players token rewards and stake options, with plans for cross-game asset rentals.
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TronWeekly
1M
284
Image Credit: TronWeekly
Shiba Inu Forms Bull Flag Pattern, Breakout Could Trigger Surge to $0.000022
- Shiba Inu forming a bull flag pattern on the daily chart, with a possible breakout towards $0.000022 resistance level.
- Price of Shiba Inu stuck between 50/100-day support and 200-day resistance, currently near $0.00001450.
- RSI at 50 and low trading volume indicate indecision in the market, hinting at an imminent breakout or breakdown.
- Traders closely monitoring price movements around $0.00001595 resistance level, as a significant move is expected soon.
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Cryptopotato
1M
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Image Credit: Cryptopotato
Learn About Shiba Inu (SHIB) And You Will Win, Says Analyst
- Analysts are optimistic about Shiba Inu's potential in the crypto space due to its expanding ecosystem and long-term growth prospects.
- Some experts raise concerns about falling activity on Shibarium, emphasizing the importance of real utility and adoption for SHIB's sustained growth.
- Analysts like Del Crxpto and Henry have praised SHIB for its growth from a meme coin to a complex tech investment with significant potential.
- Important metrics supporting the bullish case for SHIB include negative SHIB exchange netflows while concerns arise from a decline in Shibarium's activity, highlighting the need for improved network engagement and utility.
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TheNewsCrypto
1M
253
Shiba Inu Marketing Lead Backs $0.01 Target Despite Market Cap Concerns
- Shiba Inu's marketing lead Lucie considers $0.01 price target realistic but not imminent.
- Reaching $0.01 would require a $5.89 trillion market cap with 589.5 trillion token supply.
- Token burns and utility expansion could help reduce supply requirements for Shiba Inu.
- Several industry experts support the long-term possibility of SHIB hitting the $0.01 mark through catalysts and market developments.
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Crypto-News-Flash
1M
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Image Credit: Crypto-News-Flash
Shiba Inu Executive Highlights Shibarium’s True Impact on the Community
- Shibarium, a Layer 2 solution in the SHIB ecosystem, is fostering genuine projects but also exposing manipulative schemes within the network.
- Lucie from the Shiba Inu ecosystem highlighted how Shibarium is driving real developers towards purposeful projects while cautioning against supporting ventures based on sympathy or manufactured hype.
- Shibarium is set to implement a technical update to enhance decentralization by requiring users and developers to run their own nodes, aiming to reduce dependency on centralized systems and ensure long-term stability.
- The SHIB community has intensified its token burn efforts, removing over 37.9 million SHIBs from circulation in 24 hours to strengthen the token's value proposition, although its price saw a sharp decline recently.
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Cryptoticker
1M
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Can SHIB Price Jump 25% This Week?
- Shiba Inu (SHIB) price is consolidating tightly between major moving averages, indicating a buildup of pressure.
- On the daily chart, SHIB price is hovering around $0.00001428 and faces resistance at $0.000016, with a crucial barrier at the 200-day SMA at $0.00001816.
- On the hourly chart, SHIB price is ranging between $0.00001420 and $0.00001450, with key levels at the 50-SMA and 100-SMA around $0.00001440.
- A breakout above $0.000015 could lead to a 26% upside to $0.00001800, while a breakdown below $0.00001400 may result in a 7.6% drop to $0.00001320.
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Bitcoinsensus
1M
49
Image Credit: Bitcoinsensus
Shiba Inu Price Prediction 2030: How High Can SHIB Go?
- Shiba Inu, once a memecoin, now has a growing ecosystem and loyal community backing it with interesting market structure for traders.
- On the weekly chart, SHIB is forming a bullish right-angled descending broadening wedge, hinting at a potential reversal.
- Recent bounce near the lower trendline, supported by bullish momentum, indicates accumulating pressure.
- Projected breakout path suggests a target price of 0.00011500 if SHIB breaches the resistance line, aligning with a bullish scenario.
- Interest in the SHIB ecosystem, token burns, and community growth could drive its value heading into 2030.
- On the daily timeframe, SHIB structure turned bullish post breaking the last lower high, pointing towards a potential bullish continuation.
- Presence of a key demand zone below current price and clear liquidity formation suggest a potential massive bounce upward.
- Analysts predict SHIB token value in 2030 to range between 0.0002–0.001 conservatively and potentially reach 0.01 with accelerated token burns and adoption.
- Price movement of SHIB in 2030 will be influenced by broader crypto market trends, meme culture, regulatory changes, and community loyalty.
- Shiba Inu's competition with Dogecoin in 2030 remains a topic of debate, with SHIB having strong tokenomics and ambitions beyond memes.
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Zycrypto
1M
449
Image Credit: Zycrypto
Shiba Inu Burn Rate Explodes 17,930% as Analysts Cite 17X SHIB Price Rocket to $0.0002
- Shiba Inu (SHIB) is experiencing a surge in demand, with analysts predicting a potential price increase to $0.0002.
- Market analyst Crypto Joe suggests a potential 17x increase for SHIB, expecting a significant move soon.
- On-chain metrics provider Alts King also forecasts a bullish run for SHIB, with a possible target price of $0.000025 in the near term.
- Shiba Inu's burn rate has spiked by 17,930%, signaling increasing scarcity, positive investor sentiment, and heightened community activity.
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27 Likes
TheNewsCrypto
1M
381
1.13 Million Shiba Inu Addresses Hold 787T Tokens for Over A Year: What Does This Mean For SHIB?
- Long-term holders, owning 79.91% of Shiba Inu supply, showcase strong investor loyalty with 1.13 million addresses holding tokens for over a year.
- Short-term traders form a minority, with 25,760 addresses holding just 2.67% of the total on-chain supply, indicating limited speculative trading influence.
- Approximately 410.74 trillion SHIB tokens are in burn address, reducing the circulating supply to about 589.25 trillion tokens.
- The majority of SHIB investors prefer long-term positions, with the distribution showing retail-focused investors with varying token valuations in different wallet addresses.
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TronWeekly
1M
195
Image Credit: TronWeekly
SHIB Slides Below Key Averages, Eyes Critical Support at $0.00001408
- Shiba Inu (SHIB) is trading at $0.00001470, reflecting a 1.30% decline in the past 24 hours and struggling to hold above key moving averages.
- The price failed to maintain momentum at $0.00001577 and is now nearing support at $0.00001408.
- RSI has dipped to 45.54, indicating weakening buying pressure, and MACD is close to a bearish crossover, signaling potential further downside.
- SHIB faces downside risk if $0.00001408 support breaks, with momentum indicators suggesting a bearish outlook.
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