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Shibainu

SHIBA! Continuation; Bulls vs BearsThe gloves are coming off. SHIBA is now attempting to hold off sellers, as the bulls have been showing that their buying power is to much while soaking up demand. IF SHIBA can successfully hold and confirm support above these levels, SHIBA is a MUST buy with crazy potential. PLEASE, I ask. Do not put in a trade while we are in this spot. Be patient and WAIT for this to play out, as we know EXACTLY what SHIBA does above these levels once it CONFIRMS itself above these levels. Its all up to the market makers and how strong buyers are here. Be patient!
by BShellhammer
Shiba Inu's Meteoric Rise: SHIB Price Hits 2-Year HighIn the ever-evolving landscape of cryptocurrencies, few phenomena capture the imagination quite like the meteoric rise of meme coins. Among these, Shiba Inu ( CRYPTOCAP:SHIB ) stands out, not only for its adorable canine-inspired branding but also for its recent surge in value and burn rate. As the crypto community grapples with the implications of this unprecedented growth, it's crucial to delve deeper into the factors driving Shiba Inu's ascent and what it means for the future of the ecosystem. The Surge in Burn Rate: One of the most striking developments in the Shiba Inu ( CRYPTOCAP:SHIB ) saga is the exponential increase in its burn rate, soaring by an astounding 840% in a single day. This surge, as reported by Shibburn, underscores a fervent commitment among investors to reduce the circulating supply of CRYPTOCAP:SHIB tokens. By destroying 35.30 million CRYPTOCAP:SHIB tokens within 24 hours, prominent wallet addresses signal a concerted effort to instill scarcity and bolster investor confidence. However, this surge also prompts critical questions about the sustainability and long-term implications of such a drastic burn rate. Implications for Price Dynamics: The immediate consequence of Shiba Inu's burn rate surge is its catapulting price to a two-year high, accompanied by a remarkable 71.32% increase during the reporting period. Such exponential growth not only propels CRYPTOCAP:SHIB to the 11th position by market capitalization but also ignites optimism among meme coin enthusiasts. Yet, while the surge in price may elicit euphoria, it's essential to temper expectations and assess the underlying factors driving this rally. Community Enthusiasm and Market Sentiment: At the heart of Shiba Inu's meteoric rise lies the unwavering support of its community, exemplified by the surge in burn rate and trading volume. Wallet addresses actively participating in token burning underscore a shared vision of creating value through scarcity. Moreover, derivatives data analysis indicates a robust sentiment in the market, with open interest soaring by 83.33% to $77.97 million. However, amid the fervor surrounding SHIB's ascent, it's imperative to acknowledge the inherent risks associated with meme coins and exercise caution in navigating the volatile crypto landscape. Challenges and Considerations: While Shiba Inu's ( CRYPTOCAP:SHIB ) recent surge may paint a picture of unbridled success, it's essential to confront the challenges and considerations lying ahead. The Relative Strength Index (RSI) of the meme coin signals an overbought condition, raising concerns about a potential market correction. Moreover, sustaining momentum amidst regulatory scrutiny and evolving market dynamics poses a formidable challenge for Shiba Inu and its community. Conclusion: In the saga of Shiba Inu, the surge in burn rate and accompanying price rally epitomize the dynamism and unpredictability of the cryptocurrency market. While optimism abounds, tempered by caution, it's imperative for investors to maintain a balanced approach and stay attuned to evolving developments. As Shiba Inu ( CRYPTOCAP:SHIB ) continues to captivate headlines and reshape the crypto landscape, only time will reveal the true extent of its impact and sustainability.
COINBASE:SHIBUSDLong
by DEXWireNews
3
Shiba Inu: Potential +95% from Wedge Breakout!Hello dear traders! Your support means the world, so smash that like button to keep the motivation flowing! 💙💛 BINANCE:SHIBUSDT is breaking out of a Falling Wedge pattern! This breakout suggests a potential uptrend, and the token could hit key resistance levels on its way up, specifically at 1214, 1480, and 1773. Now, about the Falling Wedge: it's a pattern on a price chart that typically indicates a reversal or bullish continuation. Imagine a wedge sloping downward, and BINANCE:SHIBUSDT breaking out of it is like a springboard for potential gains. For safety measures, consider setting a stop loss below 800 . This step is all about protecting your investment. Also, think about using a lower-risk position size – it adds a layer of security to your overall strategy. Here's to successful trading! If you have any questions or need more insights, feel free to ask.
Long
by ArShevelev
Shiba Inu: Bull Run Price Target (0.000145)Overview In the last couple months my attitude towards crypto has gone from swing trading it to just holding it, especially with the much anticipated Bitcoin halving event approaching next month. In the past, strong crypto bull rallies occurred within the months following the halving events which leads me to believe that our favorite cryptocurrencies could be hitting record highs by the end of 2024. Shiba Inu Price Target If the bull market continues then a price target near 0.00014559 appears to be a healthy time to take profits. I found this price level through the use of Fibonacci retracement levels. However, Shiba Inu has been around longer than the attached TradingView chart suggests so the correct Fibonacci levels may vary. To make up for the lack of historical price data, I put the bottom Fibonacci level as close to zero as possible. There are several key areas of resistance that Shiba will need to push through before a price target near 0.00015 can be considered practical. I believe that if the token's value can exceed its 61.8% Fib Level at 0.00005570 with growing volume then the target may only be a few months away. At the 0.00015 price level the market cap for Shiba Inu will be around $82.5 billion so as this price level is approached it would be wise to reassess market sentiments so as to avoid pulling out too soon. It is my opinion that a $250 billion dollar market cap is not unreasonable for a successful token, but it is a bit of a stretch and holding too long could result in losing unrealized profits if the market cools. At the $250 billion market cap, Shiba Inu's price would be around $0.00045. Technical Indicators Volume on the 1D chart supports bullish momentum as the breakout is occurring alongside significant, increasing volume and the On-Balance Volume indicator reveals that buying pressure has surpassed prior highs.
COINBASE:SHIBUSDLong
by Shepherd_Investor
$0.000015 In Sight?Shiba Inu token has been grabbing momentum as of late. On the 1W and 1D charts, a distinct W is beginning to form with us being a little above the second trough at the time of this idea. I drew a crude Fibonacci retracement -- it is crude because I am not 100% that I am using the retracement tool accurately BUT there are three fibonacci retracement levels that show strong correlation to prior resistances and supports -- 78.6%, 50%, and 23.6%. If Shiba Inu's price can break through the resistance presented at 23.6% then the next major resistance appears to be at the 50% Fibonacci level, then the 78.6%, and then finally arriving at a bountiful price target around $0.00001587. According to the chart's timeline, this could take up to three months to complete at its current pace which presents two possibilities: Bitcoin ETF gets rejected and the crypto market experiences a news-propelled crash. Corrections will be inevitable in any market but, in my opinion, the Bitcoin ETF getting rejected could send us back to prior lows or at least close to it. Bitcoin ETF gets approved and the prior price target of $0.000015 may arrive sooner as well as be too conservative. Traders should remain cognizant of macroeconomic news and Bitcoin ETF updates as they can render a trading pattern invalid at any moment. However, should everything remain status quo and the market outlook remain positive, it is my personal opinion that this trade can benefit both short and medium term holders. Traders should practice good habits by increasing Stop-Losses with market gains and watching the volume to avoid entering or exiting a trade too soon. COINBASE:SHIBUSD
COINBASE:SHIBUSDLong
by Shepherd_Investor
SHIB - About to go PARABOLIC ?🙀📉Hi Traders, Investors and Speculators of Charts📈 From the technical indicator in the weekly timeframe, we can clearly see how the price behaves when it is above the green trendline - parabolic. This means that if SHIBA can continue to close daily candies and the weekly candle ABOVE this trendline, the next likely price action is parabolic increases. The first three zones to watch will be : It's possible to expect corrections alongside the diagonal support line of higher lows. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck COINBASE:SHIBUSD BINANCE:SHIBUSDT
Long
by CryptoCheck-
6
Shiba Inu Price Soars Towards Critical Resistance!Shiba Inu Price Analysis: Approaching Key Resistance Level Amidst Bullish Momentum The world of cryptocurrency is always filled with excitement and anticipation, and one coin that's been grabbing attention lately is Shiba Inu. With its adorable dog-inspired branding and a passionate community of supporters, Shiba Inu has been making waves in the digital currency space. Today, we'll delve into its recent price action and what the future might hold for this canine-themed coin. The Price Surge: In recent weeks, Shiba Inu has been on an impressive upward trajectory, with its price heading vertically towards a critical resistance level. As of now, it's approaching the multi-year lows resistance level of 0.00001194. This level holds significant importance as a breakout here could potentially mark the beginning of a bullish cycle for the coin. Technical Analysis: Those closely following Shiba Inu's price movements may have noticed the formation of a compelling pattern. Previously, there was mention of the falling wedge breakout play, particularly around the 0.00000900 mark. This pattern signaled a potential reversal in the coin's fortunes, providing favorable entry points for traders looking to capitalize on the upward momentum. Strategic Positioning: For seasoned traders, identifying optimal entry points is crucial, and the recent price action has provided just that. With higher lows being consistently formed, many have secured positions within the falling wedge pattern, anticipating a sustained bullish trend. These strategic positions offer the potential for long-term gains, albeit with the acknowledgment that market dynamics can always surprise. What's Next? As Shiba Inu approaches the critical resistance level, traders are keeping a close eye on its ability to break through with convincing volume. For those considering entry at this juncture, caution is advised. Waiting for confirmation of a breakout and ensuring volume supports the move can mitigate risks associated with entering at potentially overbought levels. Risk Management: In the volatile world of cryptocurrency trading, risk management is paramount. While the bullish momentum may be enticing, it's essential to have a clear exit strategy in place. Should the price fail to sustain above the resistance level, traders should be prepared to cut losses and reassess their positions. Conclusion: Shiba Inu's recent price surge has captured the attention of traders and enthusiasts alike. With the coin approaching a key resistance level, the possibility of a breakout looms large. However, prudent risk management and strategic entry points remain essential in navigating the unpredictable waters of the cryptocurrency market. As always, staying informed and adaptable is key to success in this ever-evolving landscape.
COINBASE:SHIBUSDLong
by UnknownUnicorn2319099
SHIB (Shiba Inu) Technical Analysis & Trade Idea (video)Further to my previous post I thought I would do a video to explain my thought process behind the trade idea. SHIBA INU has been experiencing significant selling pressure, compromising its previous bullish trend and indicating a potential reversal. The 50% Fibonacci retracement level presents a logical entry point for a short position. As the market seeks liquidity, price action could target previous swing lows. Consider initiating a short position on #SHIB at the 50% Fibonacci retracement level with targets at previous swing lows, employing a strict stop-loss above the recent swing high. Important Disclaimer: This analysis serves as a technical perspective and should not be treated as direct financial advice. Conduct your own thorough due diligence and implement sound risk management strategies before executing any trades.
Short
by fxtraderanthony
SHIB (Shiba Inu) Technical Analysis & Short Trade SetupSHIBA INU has been experiencing significant selling pressure, compromising its previous bullish trend and indicating a potential reversal. The 50% Fibonacci retracement level presents a logical entry point for a short position. As the market seeks liquidity, price action could target previous swing lows. Consider initiating a short position on #SHIB at the 50% Fibonacci retracement level with targets at previous swing lows, employing a strict stop-loss above the recent swing high. Important Disclaimer: This analysis serves as a technical perspective and should not be treated as direct financial advice. Conduct your own thorough due diligence and implement sound risk management strategies before executing any trades.
Short
by fxtraderanthony
Shiba Inu Burn Rate Skyrockets 300% Amid Shibarium BreakthroughsThe latest surge in Shiba Inu's burn rate, a staggering 300% increase according to Shibburn data, has sent shockwaves through the crypto market. In just one day, over 2.03 million CRYPTOCAP:SHIB tokens were incinerated, signaling a fervent commitment from the Shiba Inu community to reshape the tokenomics of their beloved meme coin. What's driving this exponential increase in burn rate? It appears to be a combination of factors, with Shibarium's breakthroughs taking center stage. The Shiba Inu community has been hard at work, unveiling plans to introduce new features for Shibarium, including mechanisms to facilitate SHIB burn alongside network transactions. This strategic move not only enhances the ecosystem's utility but also contributes to the reduction of SHIB's circulating supply, thereby potentially driving up its value. But that's not all. The community's ambitious roadmap includes the imminent launch of KNINE and SHEboshi, two innovative tokens set to further bolster SHIB's tokenomics. KNINE, a liquid staking derivatives token on Shibarium, promises to revolutionize staking mechanisms within the ecosystem. On the other hand, SHEboshi, positioned as an ERC-404 semi-fungible token, adds another layer of utility and diversity to the Shiba Inu ecosystem. The impact of these developments is already being felt. Shibarium's daily transactions have soared to 3 million, reflecting growing adoption and activity within the ecosystem. Additionally, Shibarium's Total Value Locked (TVL) is nearing the $1 million mark once again, highlighting the ecosystem's resilience and attractiveness to investors. In terms of price action, Shiba Inu ( CRYPTOCAP:SHIB ) has displayed heightened volatility but ultimately traded in the green, buoyed by the surge in burn rate and positive sentiment surrounding the ecosystem's advancements. At the time of writing, CRYPTOCAP:SHIB is trading at $0.000009871, with the price chart indicating a marginal jump of 0.75% over the past 24 hours. Looking ahead, the future looks promising for Shiba Inu. With the supply of CRYPTOCAP:SHIB tokens dwindling due to increased burning activity and the ecosystem's evolution gaining momentum, crypto market enthusiasts anticipate a significant uptrend in prices. Derivatives data for CRYPTOCAP:SHIB further supports this outlook, with open interest rising 2.69% to $29.51 million and volume jumping 51.94% to $45.65 million. In conclusion, Shiba Inu's meteoric rise in burn rate amid Shibarium breakthroughs heralds a new era of growth and innovation for the meme coin. With the community's unwavering commitment and a robust ecosystem taking shape, CRYPTOCAP:SHIB 's price rally seems not just plausible but imminent, cementing its position as a force to be reckoned with in the crypto landscape.
COINBASE:SHIBUSD
by DEXWireNews
8