Binance to Temporarily Suspend Deposits and Withdrawals on BNB Smart Chain Soon: Heres Why

Binance has scheduled a wallet maintenance for BNB Smart Chain on September 5.

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BNB Rally Fades As Price Dips Under $600: Is A Correction Looming?

BNB‘s recent rally appears to be losing steam, as the price has dipped below the crucial $600 mark. After a strong upward surge that reignited bullish sentiment, the momentum is now showing signs of cooling off. This dip raises concerns about whether the rally can sustain itself or if a broader correction is on the horizon. As selling pressure increases and the market cools, this article seeks to explore whether BNB’s rally is losing steam after dipping below the key $600 level. By analyzing technical indicators, market sentiment, and price action, we aim to evaluate the potential for a deeper correction or a renewed bullish push. Current Market Conditions: Analyzing The Position Of BNB Recently, BNB has taken a bearish turn on the 4-hour chart after struggling to break above the significant resistance level of $605. This failure to maintain upward movement has led to a decline, bringing the asset down to the 100-day Simple Moving Average (SMA). Furthermore, a breach below this moving average could intensify selling pressure, while a bounce back might indicate a possible reversal. An analysis of the 4-hour Relative Strength Index (RSI) suggests bullish momentum may wane. Currently, the RSI has fallen to around 36%, indicating that the buying pressure is diminishing. An RSI below 40 can signal that an asset is entering oversold territory, which often precedes further declines or the possibility of a price correction. Related Reading: BNB Price Surge Eyes $550 Breakout: Can It Push Higher? Also, on the daily chart, BNB is exhibiting significant negative movement, as reflected by a series of bearish candlesticks. This ongoing downward trend highlights a prevailing selling pressure within the market. Although BNB is currently trading above the 100-day SMA, which is typically seen as a bullish indicator, the strength of the bearish candlesticks suggests that upward momentum may be limited. Finally, on the 1-day chart, a closer examination of the RSI formation reveals that the RSI signal line has dipped to 53%, approaching the crucial 50% threshold. As the RSI approaches this level, it may heighten the risk of additional declines if it falls below 50, reinforcing the bearish sentiment in the market. Will The 100-Day SMA Hold? Currently, BNB is trading just above the 100-day SMA, which has historically served as a strong indicator of market sentiment. If the price breaks below the 100-day SMA, it could trigger increased selling pressure, leading to an extended drop toward the $531 support level. Related Reading: BNB Price Struggles to Hold $500: Is a Breakout Coming? In the event that BNB maintains its position above the 100-day SMA, it may indicate a potential rebound and restore bullish sentiment, allowing the price to begin climbing back toward the $605 resistance level. A successful breakout above this mark could pave the way for more price growth toward other resistance levels, increasing optimism among traders and signaling a more sustained upward trend. Featured image from Shutterstock, chart from Tradingview.com

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Shiba Inu Price Could Jump 200% To $0.00006 In October, Heres Why

Shiba Inu has been on an uptrend recently, after suffering losses for the better parts of the second and third quarters of the year. This recovery going into the new month plays into the high expectations for the meme coin, especially in Q4, when the altcoins price is expected to more than double. Using historical [...]

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This Shiba Inu (SHIB) Game is Now Available to iOS Users: Details

"After an amazing response from Android players, we're excited to bring the action to iPhone users," the team behind PlayWithShib said.

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Shiba Inus (SHIB) Price Shot Up to 3-Month High, Bitcoin (BTC) Touched $66.5K (Weekend Watch)

SHIB has been skyrocketing lately, adding 42% of value in a week.

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Shiba Inu Rallies 34%, But Will FOMO End The Rally?

Data shows metrics related to Shiba Inu have seen rapid growth alongside the meme coin’s 34% surge, a potential sign that FOMO is developing among investors. Shiba Inu Has Seen An Uptick In Activity With Its Latest Rally In a new post on X, the analytics firm Santiment has discussed how the various indicators related [...]

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Is Shiba Inu Ready For A New All-Time High Above $0.00008? Analyst Says Yes

Doggy-themed meme coin, Shiba Inu (SHIB), could be gearing up for a major rally to new all-time highs this bull cycle. Given the cryptocurrencys recent bullish performance, analysts predict that Shiba Inu can surge above its all-time high of $0.000086.  Shiba Inu Targets New All-Time Highs The price of Shiba Inu recently jumped from around [...]

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Bitcoin Bulls Assault $66K as Shiba Inu Skyrockets 40%: This Weeks Crypto Recap

Throughout the past seven days, the crypto market cap exceeded $2.4 trillion, while Shiba Inu (SHIB) notes a major price increase.

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Crypto Price Analysis September-27: ETH, XRP, ADA, SHIB, and DOGE

This week, we examine Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin in greater detail. Ethereum (ETH) Ethereum closed another good week with a 4% price increase. Buyers remain interested and managed to push the price above $2,600. The current target is $2,800, which will also act as key resistance. Momentum slowly turned bullish in September, […]

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Shiba Inu Breakout Eyes $0.00002631 Level After Rallying Over 19%

Shiba Inu is experiencing a notable price breakout, surging over 19% and positioning itself toward the critical resistance level of $0.00002631. This significant rally indicates a shift in market momentum, characterized by robust buying pressure and increased trading volume. Technical indicators suggest that SHIB is establishing a bullish trend, with key support levels solidifying its [...]

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Shiba Inu Symmetrical Triangle Pattern Reappears, Why A 200% Rally Is Possible

Shiba Inu (SHIB) may be on its way to reclaim former price highs, as a crypto analyst identified as the Charting Guy has confirmed the reappearance of a unique symmetrical triangle pattern on the SHIB price chart. A breakout from this symmetrical triangle could see Shiba Inu potentially rallying above 200% from its current price.  Shiba Inu Triangle Pattern Points To Breakout On September 23, Charting Guy took to X (formerly Twitter) to unveil a new trend pattern in Shiba Inus price chart. The chart highlighted three wave patterns and several Fibonacci retracement levels which acted as resistance and support zones for Shiba Inus price. Related Reading: Analyst Predicts 8,500% Rally For Cardano To Reach $31 As Indicators Turn Bullish In classic wave 1 and 2, Shiba Inus price movements exhibited a series of fluctuations, followed by a brief upward momentum before sliding downwards again. Now in wave 3 which the analyst has predicted would be an explosive one, Shiba Inu has formed a historical symmetrical triangle pattern which could trigger a potential surge to new highs at $0.0.0000493, representing a 244% rally.  Currently, Shiba Inu is trading at $0.0000143, with its next key resistance at the 0.382 Fibonacci retracement level, near $0.0000164. If the meme coin fails to surpass this resistance, the 0.236 Fibonacci retracement level at $0.000011 could provide strong support.  In contrast, if Shiba Inu exceeds resistance levels at $0.0000164, the cryptocurrency could see its price breakout to $0.0000226. More resistance can also be seen at Fibonacci retracement levels around 0.618 and 0.702, representing the $0.0000312 and $0.0000392 price marks, respectively.  If Shiba Inu can successfully break out of these key levels, the cryptocurrency would experience an explosive surge to $0.0000493, a price level well above its previous March high of around $0.000045.  Interestingly, this price level is not the highest Shiba Inu can reach based on its symmetrical triangle pattern. According to the Charting Guy, if SHIB can break above the 0.888 Fibonacci retracement level at $0.0000651, the meme coin could potentially skyrocket to new all-time highs at $0.0000884, corresponding to the 1 Fibonacci retracement level and marking a massive rally of approximately 518%.  However, in the event that Shiba Inu fails to surpass this key level, it is likely to find support at the 0.786 Fibonacci retracement level of $0.00004936.  Related Reading: Diamond Hand Ethereum Whale Moves 15,000 ETH, Heres The Destination SHIB Price Analysis Supporting the optimism surrounding Shiba Inus future outlook, the cryptocurrency has been on a steady upward trajectory. In the past week, the price of Shiba Inu increased by an impressive 8.91%. However, it has recently retraced some of those gains, experiencing a 1.52% decline in the last 24 hours.  Earlier in March, Shiba Inu witnessed a significant rally, positioning it as one of the top gainers. According to data from CoinMarketCap, the cryptocurrency has seen a staggering 95.65% price increase since the start of 2024.  Featured image created with Dall.E, chart from Tradingview.com

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BNB Falters At $600, Paving The Way For A Deeper Pullback

BNB bullish rally has hit a wall as the $600 resistance level proves to be a formidable barrier. After an impressive upward run, momentum has stalled, and downside pressure is starting to build. While bulls are struggling to regain control, the bears are gaining confidence, signaling a potential shift in market direction. With the rally halted and key support levels under threat, BNB is now facing an increased risk of a pullback, leaving traders on edge as the price hovers at this crucial threshold. As BNB faces the formidable $600 resistance, the aim is to analyze the mounting pressure that has halted its recent rally. We will explore the technical indicators that signal a potential downturn, market sentiment, and potential price movements as the bulls fight to regain control.  Risk Assessment: Evaluating The Downside Potential Despite BNB’s price trading above the 100-day Simple Moving Average (SMA) on the 4-hour chart, which typically signals a positive trend, the cryptocurrency has faced significant resistance at the $600 mark. This resistance has resulted in a noticeable pullback, indicating that upward momentum falters as sellers capitalize on the current price level. An analysis of the 4-hour Relative Strength Index (RSI) suggests a potential price drop as the RSI line is dropping from the overbought zone toward the 50% threshold, reflecting rising bearish pressure for the cryptocurrency that might push the price toward $537. Related Reading: BNB Price Surge Eyes $550 Breakout: Can It Push Higher? Also, on the daily chart, BNB is currently showing bearish momentum as it drops toward the $537 mark. Since breaking above the 100-day SMA, the price has experienced a consistent upward trend without any significant pullbacks, indicating that a huge correction may be on the horizon. Finally, on the 1-day chart, a comprehensive analysis of the RSI signal line reveals a recent decline to 68% after peaking at 72%. This movement suggests a shift in momentum, signaling that BNB is entering a consolidation phase or facing increased selling pressure, which could lead to additional price corrections. Future Outlook: What Lies Ahead for BNB? Although the cryptocurrency has demonstrated resilience by maintaining its position above key moving averages, the increasing bearish pressure and recent pullbacks indicate that BNB’s price could decline toward the $537 support level. If it reaches this point and manages to break below, this could trigger a further drop toward other support levels, heightening concerns among traders about the potential for extended downward momentum. Related Reading: BNB Weekly Active Addresses Surge Over 6% Is A Rally On The Way? Alternatively, if the bulls can stage a recovery before BNB reaches the $537 support level, the price could begin to rise again toward the $600 resistance. A breakout above this key level may open the door for more gains, with BNB likely testing higher resistance points as bullish momentum builds. Featured image from iStock, chart from Tradingview.com

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Top Shiba Inu Recent Price Predictions, How High Can SHIB Go?

Check out the next potential price targets for SHIB.

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BNB Rides Bullish Wave After 100-Day SMA Breakout, Next Stop $605?

Recent price movement reveals that BNB has surged past a critical barrier, clearing the 100-day Simple Moving Average (SMA) and signaling renewed bullish momentum. With this breakout, BNB bulls are setting their sights on the $605 resistance level, as market sentiment strengthens around the potential for further gains. The move above the 100-day SMA has sparked optimism, hinting at the possibility of a sustained rally as BNB looks to capitalize on this momentum and break through key price targets. The goal of this analysis is to highlight BNBs recent surge above the 100-day Simple Moving Average (SMA) and evaluate the potential for continued positive movement toward the $605 resistance level. By examining current market dynamics and technical signals, this analysis aims to provide insight into whether BNB can maintain its upward momentum and achieve a significant breakout in the coming sessions. Rallying Strength: Analyzing BNB’s Surge Above The 100-Day SMA On the 4-hour chart, BNB has demonstrated sustained positive momentum after successfully breaking above the 100-day Simple Moving Average (SMA). This significant breach has not only triggered a shift in market sentiment but set the stage for a bullish trajectory as BNB rises toward the $605 mark. BNBs ability to maintain above this key technical level reflects growing confidence among traders, suggesting that the upward movement may continue. Additionally, the Relative Strength Index (RSI) on the 4-hour chart has climbed above the 50% threshold, currently sitting at 69%. This upward movement in the RSI indicates that bulls are firmly in control, as the index approaches overbought territory. If selling pressure remains subdued, there is potential for an extended increase in BNBs price, signaling a strong bullish trend ahead. Related Reading: BNB Weekly Active Addresses Surge Over 6% Is A Rally On The Way? On the daily chart, BNB is maintaining an upswing toward the $605 resistance level while trading above the 100-day Simple Moving Average (SMA). The price has printed multiple candlesticks above this key indicator, underscoring the strong buying pressure from investors and indicating a solid sentiment in BNB’s potential for continued growth. Finally, on the 1-day chart, a careful examination of the formation of the 1-day RSI reveals that BNB could sustain its bullish trend toward the $605 resistance mark as the signal line of the indicator has risen above 50% and is currently attempting a move towards the 70% threshold. Whats Next For BNB As Resistance Beckons With strong buying interest and positive market sentiment, BNB is gearing up to reach the $605 resistance level. When BNB breaks above this point, it could lead to more gains, aiming for the $635 resistance zone and beyond. Related Reading: BNB Price Struggles to Hold $500: Is a Breakout Coming? However, the altcoin may face a pullback toward the $537 support mark if the momentum falters and fails to surpass this level. A decline below this support could lead to additional drops, with the price potentially testing the $500 support range and other lower levels. At the time of writing, BNB was trading at approximately $575, reflecting a 3.05% increase over the past day. Its market capitalization was around $84 billion, with trading volume surpassing $1.9 million, showing increases of 3.05% and 9.81%, respectively. Featured image from Adobe Stock, chart from Tradingview.com

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Key Shibarium Indicator Soars by 70% as the Shiba Inu (SHIB) Price Flashes Green: Details

SHIB's value hit a 3-week high of $0.00001431.

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Shiba Inu Jumps Nearly 6% In Latest Price Rebound, Rally Incoming?

Shiba Inu has caught the market’s attention once again with a nearly 6% price rebound, signaling renewed bullish momentum for the popular meme coin. After a period of consolidation, this jump has raised speculation that the bulls might be returning to drive the price higher. Could this price surge mark the beginning of a major rally, or is it just a temporary spike? All eyes are on the next move. This analysis aims to explore the recent 6% price rebound of Shiba Inu and assess whether this upward movement signals the start of a larger rally. By examining key technical indicators and market trends, we determine if the current momentum can sustain further gains and levels to watch for potential breakouts or pullbacks. Indicators And Trends: Are Bulls Gaining Strength? Recently, SHIBs price has turned bullish on the 4-hour chart, rebounding from the $0.00001272 support level. The cryptocurrency is trading above the 100-day Simple Moving Average (SMA) and is demonstrating strong momentum, with a current focus on moving toward the $0.00002045 level. An analysis of the 4-hour Relative Strength Index (RSI) reveals that bulls have been firmly established in the market. The RSI’s signal line has surged past the 50% threshold to around 69%, reflecting increasing positive movement for the cryptocurrency. This upward trend suggests that buying interest is intensifying, and momentum could continue to build, potentially leading to further price gains. Related Reading: Shiba Inu Seen Exploding 1,000%-7,300%: Bold Predictions Signal Massive Growth Meanwhile, on the daily chart, Shiba Inu is still showing upbeat momentum, marked by the formation of bullish candlesticks. This indicates a favorable shift in price action as the cryptocurrency moves towards the 100-day SMA and the $0.00002045 level, with the bullish candlestick patterns suggesting a growing upward strength. Furthermore, if this momentum continues, SHIB could see further advances as it approaches this key resistance level. Finally, on the 1-day chart, a careful examination of the formation of the 1-day RSI reveals that SHIB could sustain its optimistic trend as the indicator’s signal line has risen above 50% and is currently attempting to move towards the 60% threshold. What Could Next Moves Look Like For Shiba Inu As Shiba Inu continues its upward trajectory, several scenarios could unfold. If the cryptocurrency maintains its bullish momentum and breaks through the $0.00002045 resistance level, it could signal the start of a significant rally, potentially pushing toward the next resistance level at $0.00002631. Related Reading: Get Ready For Take-Off! Shiba Inu Price To Jump 7,350% Analyst Conversely, should SHIB encounter strong resistance or a pullback, the price might consolidate or move to test $0.00001272 support level. When the price breaks through this range with strong volume, it could indicate a continuation of the downward trend and possibly target the support level at $0.00000847. SHIB was trading at approximately $0.00001415, reflecting a 6.97% gain over the past 24 hours. Its cryptocurrencys market capitalization reached around $8.3 billion, with trading volume surpassing $230 million, representing an increase of 6.73% and 72%, respectively. Featured image from iStock, chart from Tradingview.com

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Synthetixs Request To Spend 900,000 ARB Rejected: Will Arbitrum Price Recover?

Synthetix, a popular DeFi protocol, is facing challenges regarding its plans for Arbitrum, a layer-2 platform for Ethereum. According to the recent voting results, the community voted against its plans to extend its Long-Term Incentive Program (LTIP) grant. Arbitrum Holders Vote Against Synthetix Proposal The goal was to support the launch of Multi-Collateral Perps. The [...]

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ChatGPT Speculates if Shiba Inu (SHIB) Can Experience a Bull Run Before the End of 2024

Here's what needs to happen so SHIB can repeat its performance from Q1 (according to ChatGPT).

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Shiba Inu FUD Reaches a Tremendous Level as This SHIB Indicator Plummets to a 22-Month Low: Details

"Shiba Inu is seeing its retail traders showing tremendous relief," Santiment stated.

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Why Is The Shiba Inu Price Crashing Today?

With the Bitcoin price crash over the weekend, the prices of other cryptocurrencies such as Shiba Inu have followed sharply. The result of this has been a double-digit price crash for Shiba Inu, alongside other altcoins. Naturally, the rapid decline has raised questions, with industry stakeholders wondering what is driving this massive crash. Shiba Inu [...]

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