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Shiba Inu Stock Forecast: Will Whales Sell Now That SHIB Has Broken Through Long-Term Support? A little decline in the Shiba Inu price occurred today, sending the price down below a key support level that had stood strong during the consolidation. Amidst a substantial decline, the price of SHIB has dropped 3.58% in the last 24 hours, reaching $0.00002. Similar to other prominent cryptocurrencies like as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), SHIB has had a 14.00% weekly loss in a retreat. A return of 176.69% is still respectable, especially when compared to the gains of other prominent cryptocurrencies, although SHIB has declined by 20.40% this month. It seems that traders are quite active with the meme currency, as its 24-hour trading volume surged 43.80% to $258.85M. Is the Whale Market Selling Shiba Inus After They Break Long-Term Support? Following a drop in the wee hours of this morning, the Shiba Inu price seems to have broken its sideways momentum and is now heading downwards. Technical analysis for predicting the Shiba Inu price. Written by Binance. When SHIB dropped below the crucial support level of $0.00002048, which it had held for many days, this change happened. The price has been consolidating sideways till now because to this support level and strong resistance at $0.00002109. A number of other indicators corroborate this change in trend, including the relative strength index (RSI), which has dropped from 55 to 10 in the last day. It seems that the market is seeing significant selling pressure, approaching oversold levels. Furthermore, the orange 30-day moving average has begun to fall, suggesting that the short-term trend is heading in the direction of a downtrend. Additionally, it is somewhat declining since it is lagging behind the blue 200-day moving average. This indicates that selling pressure has been ongoing and that greater drops may be on the horizon. #SHIB $SHIB

An Affordable Computing Breakthrough: How nuco.cloud is Powering the AI Revolution

What Cryptocurrency Can Do to Save the United States Ryan's Policy Council position at Paradigm, a crypto venture capital company, gives him a unique viewpoint that combines old financial processes with developing digital solutions. He proposes using stablecoins to make US government debt more liquid and appealing worldwide in his opinion post. Ryan believes stablecoins, which are tethered to fiat currencies like the US dollar, might boost US public debt demand. He believes these digital assets might outperform Hong Kong and Saudi Arabia in Treasury securities by offering a more stable and dependable way to buy US debt. Ryan says dollar-backed stablecoins help sustain the US dollar's position as the worldwide reserve currency and finance the US deficit without jeopardizing long-term economic stability. He stresses that crypto stablecoins improve debt management and boost the dollar's international position. Ryan proposes a “robust and predictable regulatory framework for stablecoins” to protect and reliably grow these digital assets. He blames the absence of comprehensive laws for the slow acceptance and expansion of stablecoins in mainstream financial activities. He discusses how incorporating crypto stablecoins into the US financial system might reduce fiscal imbalance concerns and foreign debt reliance. Ryan believes stablecoins might protect against economic shocks like market contractions and dollar confidence issues. Ryan believes sustaining the dollar's superiority in the face of increasing global rivals like China is vital. He notes that China has actively pursued economic growth to become a global financial system competitor. "By integrating stablecoins into our financial arsenal, we secure our financial autonomy and counter other nations' efforts to erode the dollar's global influence," Ryan says. He argues that proactive financial innovation, like stablecoins, is essential to maintaining US economic supremacy and minimizing political and economic instability. #BTC #bitcoin #BTCFOMCWatch #CPIAlert $BTC

#MarketSentimentToday It is difficult for XRP to overcome the sticky barrier at $0.50 While Ripple was seeking to rebound from its loss on Monday, it lost roughly two percent of its value over the course of the previous week. During the last week, the alternative cryptocurrency has been unable to break through the resistance level at $0.50, and it has failed to close above this level on practically every single day. According to the daily time frame, XRP is now trading at $0.4905, which brings it closer to hitting the $0.50 resistance level. The chart below for XRP/USDT displays red histogram bars that are located below the neutral line on the Moving Average Convergence Divergence (MACD) indicator. These bars provide support for the current decrease in Ripple's coin. Ripple's price movement seems to be characterized by an underlying negative momentum, as shown by the MACD. The low of $0.4665 that occurred on April 19 might serve as a support level for XRP if it continues to decline. It is possible that the bearish thesis will be disproved if Ripple observes a daily candlestick close that is higher than $0.50. If this scenario plays out, the next point of resistance is the high point of $0.5326 on June 5th. #XRP #Ripple #altcoins $XRP

With New Trading Features, Binance to List ZKSync Binance has announced that they would be listing ZKSync and launching a campaign to provide ZK tokens to users that qualify. In a formal release, Binance said that on June 17, the exchange would launch trading for the ZK/BTC, ZK/USDT, ZK/FDUSD, and ZK/TRY spot trading pairs, and list ZKSync (ZK). Trading Pairs for ZK to Be Listed by Binance on June 17 Users may now pre-deposit ZK tokens for trading purposes, according to the release. At 08:00 (UTC) on June 18, the withdrawals will begin. From June 17th until July 16th, Binance will host a token distribution program. Up to 52,500 Binance users that fulfill certain activity requirements on the ZKSync Era network will get 10.5 million tokens from the campaign. Initiating 50 transactions on the ZKSync Era network throughout the 14-month period beginning in February 2023 and ending in March 2024 is required for users to be eligible for the airdrop. With the exception of self-transfers, these transactions must have taken place in a minimum of seven separate months throughout this time frame. To be eligible for the airdrop, an address must have already received ZKStnc via the official ZK Nation airdrop program. There can be no connections between the claim address and any centralized exchanges, contracts, or bridges. #ZK #altcoins #NEWListing

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