Shiba Inu Latest News Today – The Shiba Inu price has established a high on the 1-day chart since June 10, which could push the price up 24%. However, as reported a few days ago SHIB investors should be cautious.
Such a trend reversal could see SHIB’s price return to long-term lows, which have been in place since early February. A decision can be made at the end of the month!
Table of Contents
- Shiba Inu Latest News Today
- Shib Listed By Singaporean Exchange, Avax Surpasses Doge By Market Cap, Sec’s Hester Peirce Does Not
- Shibarium Release Countdown: Top Exchange Teases Shiba Inu Tokens Listing
- Shiba Inu, Dogecoin Crypto Interest Drives Demand For Real Dogs
- Shib News: Shiba Inu (shib) Price Eyes $0.000011 As Per Technical Chart Setup
- Shiba Inu Prediction: 24% Price Rally Impending By Month End
- Shiba Inu Open Interest Falls Behind General Crypto Market, What This Means For Price
- Here’s Why Shiba Inu (shib) 5 Trillion Drop Could Be Good Sign
- Shibarium: Shiba Inu’s Blockchain
Shiba Inu Latest News Today
From a technical perspective, Shiba Inu has established a new trend over the past month that has seen the price rise by 29% from its low of $0.00000597. As seen on the 1-day chart, SHIB has defended this trend with great success so far. The anticipation surrounding Shibarium’s launch at the ETHToronto conference in mid-August could certainly affect this.
Shib Listed By Singaporean Exchange, Avax Surpasses Doge By Market Cap, Sec’s Hester Peirce Does Not
Meanwhile, however, SHIB is struggling to find support at the current 20-day EMA line. In the last two days, SHIB was able to close above support each time at the end of the trading session. If the altcoin closes above the technical indicator today, the upside (black line) will be protected again.
A further bounce to the 23.6% Fibonacci retracement level may occur. So far, SHIB has failed to close the $0.00000832 daily resistance in three attempts. But, as mentioned at the beginning, a decision can be taken at the end of the month.
At that time, the 23.6% Fibonacci level resistance line and rising trend line meet. Both lines form an ascending triangle formation, indicating weakening resistance and an imminent breakout to the upside. A higher low indicates that the bulls are gaining ground in the market.
If confirmed, SHIB may rise towards the 200-day EMA, which is currently at $0.00000953, near the key psychological resistance level at $0.00001. At that time, more selling pressure should be expected. Based on current price levels, SHIB could see a rally of 24%.
Shibarium Release Countdown: Top Exchange Teases Shiba Inu Tokens Listing
If a break above the $0.00000832 resistance fails in another attempt, the bulls will have until late July or early August to confirm the formation of the ascending triangle. Alternatively, a drop to support at $0.00007, where the upper line of the long-term bearish path is close.
Protecting this price level will be important. Otherwise, the annual minimum price of $0.00000597 could come back to the table. However, with the imminent release of Shibarium within a month, this seems like a less likely scenario.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial or investment advice. Cryptocurrency investments carry inherent risks and readers are advised to do their own research.
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Shiba Inu, Dogecoin Crypto Interest Drives Demand For Real Dogs
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This website uses cookies. By continuing to use this website, you consent to the use of cookies. Visit our Privacy Center or Cookie Policy. Shiba Inu Coin News: One of the latest updates from the Shiba Inu team is the launch of a Layer 2 scaling solution, Shibarium. According to the latest updates, crypto analysts believe that this will strengthen the reputation of $SHIB in the crypto market. Shibarium offers increased profits, lower fees, faster trading times and more, which all investors want to see. Now the question is, can the release of Shibarium push the Shiba Inu price to Rs 1?
Recent buzz about Shibarium and other promising collaborations has given the meme currency a much-needed boost.
As previously reported, Shiba Archives has revealed via its official Twitter account that Shiba Inu (SHIB) has crossed the 1.3 million mark in total owners. This dog-themed meme coin has 25,813 owners as of January 1, 2023.
Shib News: Shiba Inu (shib) Price Eyes $0.000011 As Per Technical Chart Setup
The past few weeks have been eventful for this meme currency. Currently trading at $0.00001402 with a 24-hour trading volume of $431,723,602, the Shiba Inu price has witnessed a significant rise. Many experts believe that if SHIB continues to rise, it may reach a new ATH this year. Read more about the Shiba Inu coin here…
The launch of Shibarium is an opportunity for investors to accumulate SHIB before 2023. Given its current fundamentals, Shiba (SHIB) could easily go above Rs 1 in the near future.
For starters, more and more people are learning about this meme cryptocurrency for its potential to turn ordinary people into millionaires. Above all, the Shiba Inu is designed in such a way that the more people use it, the more the supply decreases.
Of course, this is all conjecture and there is no guarantee that Shiba Inn will reach Rs. 1. The only way to know is to have a stake in the game (long term investment) and play as a professional player.
Shiba Inu Prediction: 24% Price Rally Impending By Month End
The original content has an experienced team of writers and editors who work around the clock to report global news and present news rather than opinion. Writers and reporters contributed to this article.
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication takes any responsibility for your personal financial loss. Despite the recent flat market, SHIB is seeing the start of what Lookside predicts will be a nice recovery week for Memecoin.
According to a video from January 16, the market is starting to see some excitement after the news of the approval of the Bitcoin spot ETF and the good sentiment reported on January 13 and now, any news on the Coinbase case is expected. On January 17, the day of the stock market federal court date in Manhattan.
The SEC alleged that the exchange violated national securities laws by selling securities not registered by the SEC and 13 coins that failed to register its stock placement program. Most analysts say that regardless of the outcome, the impact on the market will be significant, given the current lack of market transparency.
Shiba Inu Open Interest Falls Behind General Crypto Market, What This Means For Price
A hearing on Coinbase’s motion to rule on the SEC v @Coinbase update allegations will be held on Wednesday, January 17th. There are four possible outcomes and possible endorsements for each. 👇 — MetaLawMan (@MetaLawMan) January 13, 2024
Comparing market sentiment and technical trading charts, Luckside shares that the Bitcoin (BTC) market is starting to move back towards $43,000 after experiencing a 7.9% decline over the past seven days. Meanwhile, previously trending altcoins Shiba Inu (SHIB), the Ethereum-based memecoin, is still at $0.0000096 but is rallying a green candle for the day as part of what analysts are predicting. This is a broad trend.
Lucid reports that this occurs during a change in tone on the part of the organization. Earlier, on January 12, asset manager Vanguard reportedly blocked the purchase of BTC ETFs from its platform. However, when the big players figure out the fees they can charge, firms will come on board, so analysts predict it will be more a question of when.
Analysts predict that we may soon see a positive upward trend from the announcement of the Coinbase case, however expect markets to remain firm for now as they first absorb the sale of GBTC and FTX assets.
Here’s Why Shiba Inu (shib) 5 Trillion Drop Could Be Good Sign
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Our website uses cookies and similar technologies. By using our website you consent to the use of cookies. Find out more about how we use cookies in our Cookie Policy. Shiba Inu developer Shaitoshi Kusama has started a blog series to describe the arrival of the Shibarium Layer-2 beta. A February 15 blog sparked excitement on crypto Twitter that revived the Shibarium call.
However, the big news came from Kusama’s short tweet saying that Shibarium’s teaser video will be released during the week of February 20. Absence of key team member Kal Daiya delayed Shibarium’s arrival, but added that he has returned to the team. It is expected to be released soon.
Kusama wrote in a February 15 blog that “the launch of the Shibarium beta” depends on the return.
Shibarium: Shiba Inu’s Blockchain
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