Get started

Shibainu

SHIB Burn Rate Rockets 1300% As Shiba Inu Price PlungesShiba Inu (SHIB), the self-proclaimed Dogecoin killer, is once again amassing significant attention in the cryptocurrency universe as the SHIB community is continuously burning colossal amounts of tokens, with a significant surge in the last 24 hours on November 17. Subsequently, the Shiba Inu price witnessed an extremely marginal downfall as of writing. Today’s price slump comes despite the SHIB community’s efforts to build up support for their cryptocurrency. However, over the past seven days, the SHIB price portrayed a bullish sentiment in the broader markets as the token witnessed a minimal price surge. SHIB Community Burning Tokens According to recent data unveiled by Shibburn, a platform offering SHIB burning insights, a whopping 105.20 million SHIB tokens were burnt as of today. The aforestated burning of tokens represents a 1327% upswing, gaining significant traction throughout crypto markets. Furthermore, as of writing, the total number of tokens burnt amounted to 410.66 trillion. As per the data offered by Shibburn, two colossal transactions burning significant amounts of SHIB, among many others, caught the eyes of crypto market enthusiasts. An unknown address, 0x75d9df1efe6d860218…, burnt 100 million SHIB approximately 9 hours ago, along with another unknown address, 0x46340b20830761efd3…, burning 1.5 million SHIB approximately 12 hours ago. The massive burning of SHIB tokens comes as a result of the Shiba Inu crypto community putting in efforts to jack up the SHIB tokenomics, inducing scarcity while also uplifting the value of the remaining tokens. Meanwhile, according to ShibariumScan data, the total transactions on the platform are nearing the 4 million mark and stood at 3.95 million.
Long
by DEXWireNews
1
SHIB: Resistance BreakoutShiba Inu (SHIB) technical analysis: Trade setup : Following a bullish breakout from Falling Wedge pattern, price has now finally also broken above $0.0000080 resistance and 200-day moving average, which confirms a bullish trend reversal to an Uptrend. Price has pulled back and is retesting that breakout level. This could be a swing entry opportunity in Uptrend with upside potential to $0.00001 next. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $0.0000080 (previous resistance), then $0.0000070. The nearest Resistance Zone is $0.0000100, then $0.0000120, and $0.00001200.
Long
by altFINS
SHIB Pennant IncomingOn the journey to a complete W pattern at the $0.000015 price tag there will be a few, if not more, periods of consolidation. After a hot run up to the 0.00000970 range, Shiba Inu is beginning to consolidate into what may be a week long, or slightly longer, pennant formation. Buying opportunities may present themselves around the Fib Retracement Levels with a potential bottom near the 38.2% level. A breakout from the projected pennant could take Shib's value to the 1W (1 week) 38.2% Fib Retracement Level with the 1W 50% level being the next stop if this ceiling is blown through with significant volume. However, more consolidation should be expected in my opinion. As always, a breakdown is also possible which could hemorrhage Shib's value to prior lows. At the time of this article I am still confident on a pending completion of the W pattern (see my other idea linked at the bottom) but macroeconomic factors can accelerate or derail this formation. Stop-losses should be utilized and traders should be cognizant of any significant changes in the climate of the market. COINBASE:SHIBUSD
COINBASE:SHIBUSDLong
by Shepherd_Investor
Shiba Inu (SHIB) Poised For Greatness Shiba Inu (SHIB) are indicating an upward trend, signaling a breakout rally. Following a successful retest of the $0.000080 support level, Shiba Inu has seen an increase of over 15% in the past 24 hours. The memecoin needs to surpass and maintain a level above $0.0000093. At the time of writing, SHIB is trading at $0.0000092, recording a 10.23% increase in the past 24 hours. The lowest and highest price levels during this period were $0.00000815 and $0.0000095, respectively. The trading volume of the memecoin also experienced an 81% increase in the past 24 hours.
COINBASE:SHIBUSDLong
by DEXWireNews
SHIB: Resistance BreakoutShiba Inu (SHIB) technical analysis: Trade setup : Following a bullish breakout from Falling Wedge pattern, price has now finally also broken above $0.0000080 resistance and 200-day moving average, which confirms a bullish trend reversal to an Uptrend. Upside potential to $0.00001 next. (set a price alert). Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.0000070, then $0.0000055. The nearest Resistance Zone is $0.0000080, which it broke, then $0.0000100, and $0.00001200.
Long
by altFINS
#SHIBA#SHIBA Currently the coin found its support at 0.07981$ Personally expect to see the coin at around 0.09843$ 1st where we will see bear reaction. (2) Only after breaking above that level we can expect it higher at 0.119$ (3) If the coin manages to break above 0.139 in this case consolidation between this price and 0.152$ possible where either init breaks above 0.152$ and goes higher (4. 5.) or below 0.139$ in this case it may come back to 0.119$ or even 0.098$ My bullish TA invalidates if the coin comes back to its support at 0.07981$ and closes below with H4 or H6 in this case the coin will dump till that green box that you see on the chart.
Long
by vazitrades
2
SHIBA INU Technical Analysis And Trade Idea SHIBWelcome to our SHIBA INU Technical Analysis and Trade Idea. In this video we dive deep into the SHIB/USDT pair, focusing on the prevailing bullish sentiment found in the weekly (1W) and daily (1D) timeframes. Notably, our charts signal that SHIB is currently on the verge of a crucial support level, a pivotal turning point for this digital asset. Throughout this discussion, we'll explore the fundamental tenets of technical analysis, encompassing vital aspects such as analyzing the ongoing market trend, price dynamics, market structure, and other critical elements of technical analysis. As we progress through this analysis, we'll meticulously examine a potential trading opportunity within the SHIBA cryptocurrency. It's essential to underscore that the insights we share in this presentation are intended solely for educational purposes and should not be construed as financial advice. Participating in the foreign exchange market and cryptocurrency trading carries a significant level of risk. Therefore, it is imperative to prudently incorporate robust risk management strategies into your trading plan to effectively navigate these challenges.
Long
by fxtraderanthony
3
!! Mysterious Shiba !! It is true that after the launch of Shibarium, we saw a downward correction in the Shiba trend. Something that not only Shiba, but the whole market was involved in. But the data shows that before the halving of Bitcoin, which will happen on May 1, 2024, we will witness a significant growth of digital currencies, especially Shiba. Based on Shiba's development plans, including the launch of Shibarium and the news of stablecoins and the high amount of token burning and the increase in investor demand, it indicates an upward trend. If this analysis is of interest to you, please support me with a boost and comment.Thank you
Long
by MyNameIsMilad
5
Shiba Inu at Crossroads: What is the Future of the Memecoin? Shiba Inu (SHIB) and other meme coins embarked on a rollercoaster ride in October. The crypto market saw SHIB’s value surge significantly as Bitcoin hit a new milestone at $35,000 before retracing to $34,000. This surge ignited a sense of urgency among investors, leading them to secure their positions in anticipation of the bull run swiftly. However, as November unfolds, the pivotal question looming over the market is whether these gains can maintain momentum. Shiba Inu Recent Price Movement Shiba Inu came close to initiating a fresh recovery phase, aiming to break through the $0.000008 resistance level. However, profit-taking and a potential lack of buyers resulted in a minor pullback. SHIB currently trades at $0.00000779, reflecting a 2.3% dip in the past 24 hours and a 1.1% loss over the last seven days. The meme coin market is known for its rapid and unpredictable price fluctuations. Meanwhile, large volume holders, often called “whales,” have made significant moves in the SHIB market this week. Whale Alert reported a transfer of SHIB tokens worth about $35 million from an unknown wallet to another undisclosed destination. Are the Whales Making Waves? In another development, approximately 4.46 trillion SHIB tokens ($33.9 million) were transferred from the Bitvavo exchange to an unknown wallet. Investors are now pondering the potential price impact of these whale movements. While it’s challenging to predict how these transfers will influence the market, they add an element of intrigue to Shiba Inu’s future. Whale activity can sometimes lead to increased market volatility, so it’s wise to monitor SHIB’s performance closely. Furthermore, well-known trader and analyst Rekt Capital suggests that the bear market is a distant memory, and a full-fledged BTC bull market is on the horizon. This optimism could provide momentum for meme coins like Shiba Inu. Shiba Inu’s remarkable journey in October, along with the broader meme coin movement, has garnered global investor attention. While the meme coin market is characterised by its inherent volatility, it continues to be an exciting space for those seeking high-risk, high-reward opportunities.
COINBASE:SHIBUSDLong
by DEXWireNews
2
$shib Measured (long scalp move) to 966 areaShiba Inu has recently broken a daily resistance level, and the next measured move is expected to be towards the next resistance at 0.00000966. This break of resistance suggests bullish momentum in the short term. Key points to consider: Break of Daily Resistance: The fact that Shiba Inu has broken a daily resistance level is a positive sign for traders. This indicates that there is buying interest and increased demand for SHIB at this point. Measured Move Target: The next measured move is expected to reach the next resistance level at 0.00000966. Traders often use measured moves based on technical patterns to set price targets. Bullish Momentum: The break of resistance suggests a short-term bullish trend in SHIB. However, it's essential to consider other technical indicators and market conditions to confirm the strength of this move. Risk Management: It's crucial to implement proper risk management strategies, such as stop-loss orders, to protect your investment in case the price doesn't reach the next resistance level or reverses. Please note that technical analysis is not foolproof, and market conditions can change rapidly. It's essential to use multiple indicators and stay informed about news and events that can influence cryptocurrency prices. Always perform your due diligence before making trading decisions.
Long
by UnknownUnicorn3237473
1
Surfing the Waves of Shiba Inu's ConsolidationShiba Inu is currently undergoing a consolidation pattern that is approaching a descent to the 50% retracement line with an approximate $0.00000745 price target. This greets the support line of what may be a several week long symmetrical pennant and an opportunity for a short-term trade that garners notable profits. Significant buy back at this level will most likely cause the asset to retrace back to the 78.6% Fibonacci level ($0.00000790). Significant resistance at this level will most likely result in a support touch at 61.8% ($0.00000763) before returning to a resistance range around $0.00000780. This completes the M pattern and places us several days from a potential breakout or breakdown around the second week of November. With a total increase in value of +24.65% during this uptrend, a high volume breakout can take Shiba Inu's price to 0.00000927 while a high volume breakdown can diminish its value to 0.00000599. COINBASE:SHIBUSD
COINBASE:SHIBUSD
by Shepherd_Investor