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Famous market watcher and Binance whale Bull.TRX recounts how a patient Shiba Inu investor witnessed life-changing gains on their SHIB…
The post Patience is Essential as Expert Cites Shiba Inu Life-Changing Gains first appeared on The Crypto Basic.
This article outlines how Shiba Inu can surge above $0.0009 if Ethereum hits the $166,000 price projected by Ark Invest…
The post Shiba Inu to Surge 7,167% to $0.00094035 if Ethereum Hits $166K as Predicted by Ark Invest first appeared on The Crypto Basic.
Shiba Inus rival Neiro on ETH (NEIRO) sees a dramatic surge of over 600% after leading crypto exchange Binance launched…
The post Shiba Inu Rival Spikes Over 600% After Binance Listing first appeared on The Crypto Basic.
The crypto market never fails to amaze, with new digital currencies and projects popping daily. These new players aim to attract investors by offering brand new features or addressing specific market needs. Recently, three crypto have gained significant attention within the digital currency community: Artemis Coin, Pepe Coin, and Shiba
The ambitious $1 price for Shiba Inu stands far-fetched due to valuations that could exceed even the global wealth estimate.…
The post Heres the Only Reason Shiba Inu Cannot Surge to $1, $0.01, or $0.001 first appeared on The Crypto Basic.
Bitcoin bears have pulled the price below the support of the range, starting a potential downtrend toward $49,000.
Meme coin Shiba Inu now finds itself trading between a narrow range of $0.000013 on the support side and $0.00001370 on the resistance side in the past 48 hours. This consolidation price action has emerged after a decline that saw SHIB fall from $0.00001600 in the last week of August. This notable decline has culminated with SHIB bouncing off support at $0.000013, which coincides with the 0.618 level on the Fibonacci extension indicator within a bearish trend that has persisted since April. While Shiba Inu has continued to battle this larger bearish trend on the monthly timeframes, crypto analysts are confident of a SHIB break to the upside. According to several technical experts, the fact that SHIB has maintained support at this crucial level without breaking lower is seen as a sign of resilience. Particularly, crypto analyst Javon Marks is confident of a SHIB recovery back to 2024 highs, especially as the meme coin has confirmed multiple bullish patterns with the RSI indicator. SHIB Recovery Still In Play Javon Marks’ analysis was noted in a social media post on X as an update to an ongoing SHIB analysis that dates back to September 2023. One of the key technical signals contributing to the analyst’s optimism is the Relative Strength Index (RSI), which has shown signs of bullish divergence. Related Reading: Litecoin Looks Poised To Explode As Grayscale Buys 10,000 LTC The RSI is a momentum indicator that measures the strength and speed of price movements. In SHIB’s case, the RSI, which has fallen massively from an overbought zone in April, recently retested its lowest point in the first quarter of 2024. According to Marks’, this retest is bullish for SHIB and is a massive sign for the resumption of overbought momentum. This momentum, in turn, would see SHIB rallying over 231% from the current price level to retest its $0.00003629. With the attainment of a new yearly high, this would open the doors for a continued rally close to SHIB’s all-time high. Looking ahead, Marks remains steadfast in his long-term target for SHIB, which he initially outlined in his first technical analysis back in September 2023. According to him, “the $0.000081 target is still in play.” The $0.000081 price point has been a central focus of Marks analysis since his initial coverage of SHIBs price analysis. To get to this price, SHIB would need to perform a 480% increase from the current price level. Current State Of Shiba Inu At the time of writing, SHIB is trading at $0.0000132. SHIB continues to steadily attract investor interest, with whale activity recently seeing a drastic increase. According to analysts at Santiment, the interest surrounding meme coins, including SHIB, has been really quiet in the past few weeks. Related Reading: Bitcoin Forecast: BTC Price Could Crack $50,000 If This Important Level Does Not Hold Santiment analysts believe that the low levels of activity and reduced market excitement could be signs that SHIB is approaching a bottom and laying the groundwork for a potential rebound. Featured image created with Dall.E, chart from Tradingview.com
The vote, which closed on September 4, 2024, now sets the stage for the next steps in the Shiba Inu ecosystem's decentralized governance.
While Shiba Inu has been one of the most painful assets to hold in recent weeks, market watcher Javon Marks…
The post Shiba Inu RSI Calls For 231% Recovery, Analysis Shows first appeared on The Crypto Basic.
In a Wednesday blog post, Hayes shared his revised outlook for Bitcoins price movement, contradicting his earlier bullish stance.
Bitcoin bulls are attempting to keep the price inside the current range, but BTC's growing weakness could eventually lead to new lows under $49,000.
On-chain movements suggest the Ethereum tokens from the Shiba Inu DAO has been stolen by individuals with control of the…
The post On-chain Data Shows Shiba Inu DAO Funds Stolen, Moved to Exchanges first appeared on The Crypto Basic.
Justin Sun, the founder of Tron blockchain, recently expressed admiration for the Shiba Inu burning mechanism. This came during his…
The post Tron Founder Justin Sun Hails Shiba Inu Burn Strategy first appeared on The Crypto Basic.
Check out the purpose behind Shiba Inu's latest collaboration.
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 [...]
The post Shiba Inu Price Could Jump 200% To $0.00006 In October, Heres Why appeared first on Crypto Breaking News.
The cryptocurrency market is buzzing with excitement as speculative large-cap altcoins gain significant attention. As the week comes to a close, several projects are fueling market conversations and showing promising growth potential. Toncoin ($TON) is one of the top-trending altcoins, largely due to its association with The Open Network (TON) […]
"After an amazing response from Android players, we're excited to bring the action to iPhone users," the team behind PlayWithShib said.
Shiba Inu (SHIB) emerged as the top gainer in a roundup of the top 10 crypto assets, with an impressive 36% gain over the past week.
LUCIE, the lead marketing strategist for the Shiba Inu ecosystem, has ignited curiosity within the SHIB community with a cryptic but optimistic forecast.
Shiba Inu has netted over a 51% surge in the last few days, with a notable analyst predicting a more…
The post Shiba Inu to Reach $0.00017, Expert Sets Realistic SHIB Price Target first appeared on The Crypto Basic.
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