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Here is what I thought about meme at the moment, especially the top tier meme #WIF. I have no bias for this. I will try to react following the price formation context: Plan B: If price breakdown and drops out the red box, there is nothing to discuss more. It should bring more volume in coming days. Plan A: If price continues ranging in blue box in few weeks/months, the next could be we will see another meme craze in Q3/4 and that would be the macro cycle top. $WIF #WIF #MemeWatch2024

Here is what I thought about meme at the moment, especially the top tier meme #WIF.

I have no bias for this. I will try to react following the price formation context:

Plan B: If price breakdown and drops out the red box, there is nothing to discuss more. It should bring more volume in coming days.

Plan A: If price continues ranging in blue box in few weeks/months, the next could be we will see another meme craze in Q3/4 and that would be the macro cycle top.

$WIF #WIF #MemeWatch2024

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🔥 Wow, Shiba Inu (SHIB) is on fire! 💸 The token burn rate has skyrocketed by a whopping 863.58% in the last 24 hours, with a mind-blowing 107,081,056 SHIB tokens removed from circulation. That brings the total number of SHIB tokens burned over the past week to 368,456,226! 🤯 For those who don't know, token burning is like a deflationary mechanism that reduces the total supply, making the tokens more scarce and potentially driving up their value. And with Shiba Inu's massive supply, these significant burns can have a major impact on its market dynamics! 🌊 However, despite this incredible burn rate, SHIB's price has remained relatively low, reflecting the broader crypto market trends. It's currently trading at $0.00002176, with a modest 0.41% increase in the past 24 hours. But, trading volume has taken a hit, plummeting 56.62% to $340.81 million. 😔 From a technical perspective, SHIB looks mixed. Its Relative Strength Index (RSI) stands at 39.71, which means it's neither oversold nor overbought. The RSI is a momentum oscillator that measures the speed and change of price movements. 📈 On the bright side, SHIB's price remains above its 200-day Exponential Moving Average (EMA) and 200-day Simple Moving Average (SMA). These moving averages are widely watched indicators that help smooth out price action over a given period. Trading above these averages is typically seen as a bullish sign, suggesting that SHIB's long-term trend may still be positive despite recent price weakness. 🌈 What do you think? Is SHIB poised for a comeback? Let me know in the comments! 💬 #shiba⚡ #Shibalnu
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