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Shiba Inu News

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Newsbtc

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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

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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

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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

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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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Cryptopotato

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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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TechBullion

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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

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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

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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

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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

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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

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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

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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

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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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TheNewsCrypto

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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

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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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