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 taseer_ahmad 5h・12.3k views Follow 🚨$1 SHIB Possible?🚨 $1 SHIB is possible, but only if the team decides to erase some zeros from the total supply. At the current price of $0.000027, SHIB would need to be nearly 40,000x to get to $1. That would involve its market cap reaching an impossible $640 trillion, which is probably more than the value of all assets on the planet summed. Shiba Inu Price Prediction – Where Next for SHIB? A quick look at the SHIB chart suggests the Shiba Inu price is probably headed for a retest of mid-March lows in the $0.000024 area. That is a strong support zone, with the 50DMA also coming into play. If the Shiba Inu price can find strong support here, it could soon break its recent downtrend. That could open the door to a quick retest of its recent highs in the $0.000045s. #BinanceLaunchpool #Nonfarm #BullorBear

taseer_ahmad

5h・12.3k views

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🚨$1 SHIB Possible?🚨

$1 SHIB is possible, but only if the team decides to erase some zeros from the total supply.

At the current price of $0.000027, SHIB would need to be nearly 40,000x to get to $1.

That would involve its market cap reaching an impossible $640 trillion, which is probably more than the value of all assets on the planet summed.

Shiba Inu Price Prediction – Where Next for SHIB?

A quick look at the SHIB chart suggests the Shiba Inu price is probably headed for a retest of mid-March lows in the $0.000024 area.

That is a strong support zone, with the 50DMA also coming into play. If the Shiba Inu price can find strong support here, it could soon break its recent downtrend.

That could open the door to a quick retest of its recent highs in the $0.000045s.

#BinanceLaunchpool #Nonfarm #BullorBear

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PEPE whales traded a lot of memecoin yesterday, according to on-chain statistics. These tokens are going here. PEPE whales were online today. Last day, Whale Alert reported two huge PEPE trades in a few hours. Both of these actions are characteristic of whales, who may impact the market due to their massive transfers. Their network position may affect bitcoin prices, thus their movements should be watched. What these investors wanted to accomplish determines how their transfers may affect the asset. As seen, this PEPE whale transaction's sending address was an unknown wallet, unaffiliated with any centralized platform like an exchange. These wallets are generally investors' self-control addresses. However, Binance is associated with the receiving address. This suggests that the whale transferred 1,238,332,920,144 PEPE (worth approximately $10.5 million at the time) from their wallet to the exchange. Such transfers are exchange inflows. When investors wish to sell on these platforms, they make exchange inflows. Thus, exchange inflows may hurt prices. Given the size of the transaction, PEPE may suffer if the whale made the deposit to sell. However, the second transaction from today is an exchange outflow, which is good news for meme coin investors. In this transaction, this PEPE whale shifted money from Binance to an unknown wallet. Long-term investors shift to personal addresses since it's safer outside central entities' control. Possibly, this whale will HODL these currencies. Interesting, this trade involves 1,241,850,000,000 PEPE ($10.5 million), identical to the exchange influx. Since the same trade is engaged in both, the same whale may be responsible. But because the addresses don't match, it's still unclear. In principle, an equal-sized exchange outflow hours following the influx should offset any negative consequences. PEPE is now trading at $0.000008445479, up 21% in a week.$ETH #buythedip #altcoins
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#buythedip #CryptoWatchMay2024 #BTC #bitcoinhalving Whale Moves 800 Billion SHIB in 1 Minute: Big News, Shiba Inu Price Prediction SHIB has lost 6% in 24 hours, bringing the Shiba Inu price to $0.00002401 as the crypto market fell 1.5%. Despite a 2% weekly gain, the meme currency has dropped 10% in two weeks and 15% in 30 days. However, SHIB has gained 150% in the last year and remains popular with traders despite its ups and downs. Today's rise followed a whale's 875 billion SHIB transfer from Robinhood on May 2, indicating that the meme currency might rebound shortly. The purple relative strength indicator fell as low as 35 this morning, but it has since risen near 50, indicating that SHIB's cheap price is enticing buyers. SHIB's 30-day moving average (orange) is close below its 200-day (blue), indicating additional losses. It also suggests a bottom is near and the currency will shortly return. Additionally, SHIB's resistance (red) and support (green) levels are converging, which is promising. Convergence usually generates a pinch point that compels an asset to shift significantly in either direction. SHIB has been punished enough in recent days, so this decision should be helpful. In the tweet above, one huge trader acquired $20 million in SHIB a few days ago, which whales may anticipate. Smart money expects SHIB to rise shortly, and where whales lead, retail follows. The larger market will assist SHIB gain in the next weeks and months, since rate cuts will revive the crypto market. Since its creators raised $12 million for a privacy-focused layer-three network, Shiba Inu may have the best meme token foundations. Thus, by summer's end, Shiba Inu might hit $0.00004.
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Shiba Inu has failed to break through key resistance levels and is now experiencing downward pressure. This movement is characterized by a descending triangle pattern on the charts, indicating potential further declines. The descending triangle, typically viewed as a bearish signal, suggests that sellers are more aggressive than buyers, leading to progressively lower highs. Currently, SHIB is facing resistance along the triangle's upper trend line, while support has been established around $0.0000237. If this support level fails to hold, there is a strong possibility that SHIB could drop toward the next significant support at $0.000021. Shiba Inu's market sentiment appears to be tilting toward bearishness. A breach below $0.000021 could lead to a test of the $0.00002 mark. The potential for a breakdown below this level could set the stage for even more of a substantial loss, bringing some troubles for market participants, and for SHIB specifically. On the flip side, if SHIB can gain enough buying pressure to reverse the current downtrend, a return to higher resistance levels such as $0.0000268 could be possible. This would necessitate a significant shift in market dynamics, potentially driven by positive developments within the Shiba Inu ecosystem or broader market sentiment shifts. Monitoring volume right now could be the best way to predict an upcoming move for Shiba Inu. Currently, volume trends have been relatively flat, which typically suggests a lack of conviction in the market's direction. An increase in trading volume, especially on upward movement, would be a positive sign that a stronger rebound might be underway, but only if the market in general is reversing upwards, which is not the case for now, unfortunately.#altcoins #BlackRock #buythedip
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Pepe Coin Price Analysis: Amid a large accumulation trend in Pepe coin, the buyers gave a divisive breakout from the Inverted H&S signals signaling the potential for higher rally. Pepe Coin Price Analysis: Amid the ongoing market rebound, the Pepe Coin experienced a notable recovery this week, escalating from $0.00000592 to its current trading price of $0.00000842. This 42% upswing in the daily chart revealed the formation of an inverted head and shoulder pattern. This bullish reversal setup commonly observed in the market's local bottom indicates a shift in market dynamic from selling on rallies to buying on dips. On-Chain Indicators Align for Pepe Coin's Recovery. PEPE, the Frog-themed Memecoin entered its current recovery trend in mid-April as its price rebounded from a $0.00000393 low. The bullish turnaround propelled the asset 128% within a month to a high of $0.00000893, Amid this recovery, the PEPE coin price projected two higher low formations indicating the buyers are actively accumulating this asset at dips. Moreover, In a recent on-chain activity, the multisig wallet identified by the address 0x323 made significant moves with the cryptocurrency PEPE, as reported by the on- chain data tracker Spot On Chain. This wallet withdrew 915.85 billion PEPE tokens, valued at approximately $7.75 million, from Binance. This transaction adds to the wallet's recent activities over the past 28 hours, during which it has withdrawn a total of 1.238 trillion PEPE tokens (valued at around $10.4 million) for its initial trade involving this cryptocurrency. Amid the renewed recovery sentiment, this activity accentuates higher growth potential for the PEPE price. On May 4th, the coin buyers gave a decisive breakout from the $0.000008 neckline resistance of inverted head and shoulder pattern. If the chart pattern holds true, the PEPE price should surpass the last swing resistance of $0.0000108 to hit a potential target of $0.000012. #buythedip #eth‬ #MicroStrategy
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