Will Shiba Inu (SHIB) Lead The Memecoin Bull Run?
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Shiba Inu (SHIB) has built momentum this week following an increase in burn rates and whale transactions amid other factors.
Shiba Inu (SHIB) is igniting bullish interest in the cryptocurrency market following a wave of positive on-chain factors spurring price growth.
At press time, SHIB trades at 0.0000227, an 8% increase this week despite facing slight short-term corrections.
The uphill rally in SHIB and memecoins has been tipped by multiple traders on social media spaces as ushering in the next market bull phase. Shiba Inu’s market capitalization stands over $13.4 billion with daily trading volumes almost at $400 million.
Shiba Inu recorded surging transactions alongside its price uptick. The memecoin notched an increase in daily volumes and new active accounts on the back of network upgrades.

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#Bitcoin #Ethereum #SHIB #ShibaInu $SHIB

$SHIB $SHIB
✨📈SHIB/USDT Technical Analysis
Current Market Overview
Price: $0.00002478 (+2.02%)24h High: $0.0000257724h Low: $0.0000239124h Volume (SHIB): 8.71 trillion24h Volume (USDT): $215.94M

Key Levels
Support Levels
Immediate Support: $0.00002425 (recent dip zone).Key Support: $0.00002390 (24h low, strong support).Critical Support: $0.00002350 (historical support).
Resistance Levels
Immediate Resistance: $0.00002529 (recent high).Key Resistance: $0.00002577 (24h high, breakout level).Extended Resistance: $0.00002650 (psychological barrier).

🤑Trading Strategy
Bullish Scenario
If the price breaks above $0.00002529, potential targets:
Target 1: $0.00002577Target 2: $0.00002650Extended Target: $0.00002700
Bearish Scenario
If the price drops below $0.00002425, expect potential levels:
Target 1: $0.00002390Target 2: $0.00002350Extended Target: $0.00002300

Stop-Loss Recommendations
For Long Positions: Below $0.00002400For Short Positions: Above $0.00002580

Indicators to Monitor
Moving Averages:MA(7): $0.00002468 (acting as a pivot).MA(25): $0.00002477 (currently aligning with price).RSI: Ensure RSI does not enter overbought territory (>70) before entering longs. #SHIBAUSDT #SHib #COSSocialFiRevolution #BTCBreaks100K? #CryptoAMA

Investor Turns $2,625 into $1.1 Million with Shiba Inu

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In the cryptocurrency market, inspiring stories continue to emerge with the rise of Bitcoin.

A long-term Shiba Inu owner managed to turn a $2,625 investment into over $1.1 million after holding for more than three years.

The patient Shiba Inu owner achieved a return of over 419 times their initial investment within three years.

Another Investor Becomes a Millionaire

The experienced investor was first discovered by blockchain data analysis firm Lookonchain, as shared in a May 27 X post:

“The super diamond investor finally sold their SHIB assets for profit after being inactive for 3.5 years.

On February 1, 2021, they spent 2 Ethereum, worth $2,625 at the time, to buy 48.09 billion SHIB and sold it for $1.1 million, marking a 419-fold gain.”

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#ShibaInu #SHib #Bitcoin #Ethereum $SHIB $BTC $ETH

1.75 trillion SHIB mysteriously grabbed on Robinhood with price on verge of breakout Per data provided by Whale Alert tracker, yesterday, 1.75 trillion SHIB tokens were purchased on Robinhood. The purchase was made by anonymous whale -4D935, who withdrew this large amount of SHIB meme coins in two transactions, each carrying 875,000,000,000 SHIB. The total worth of the acquired tokens is evaluated at $39.2 billion. Meanwhile, Ali Martinez, popular crypto trader and analyst, shared on his X handle on Wednesday that he spotted SHIB forming a bull flag on its daily chart. According to Martinez, SHIB is aiming to make a major bullish breakout to the $0.000072323 level; thus, he decided to place a few buy orders around the $0.000018343 price mark. At the time of writing, SHIB is changing hands at $0.00002405, up 7.15% over the past 24 hours, per CoinMarketCap.

Ripple's 800 million XRP escrow lockup failed to reboot price, here's reason
According to recent on-chain data, Ripple Labs shifted 800 million XRP into an escrow wallet in an effort to rebalance the circulating supply of the digital currency. Per Whale Alert, the lockup was done in three tranches: the first one carried 500,000,000 XRP, the second one featured 100 million XRP and the third one 200 million XRP.  In response to the escrow activity, the price of XRP has slightly increased, by 4.61% to $0.5126 in 24 hours. However, this enormous XRP lockup has not yet recovered all the losses from the previous week. As market sentiment declined over the past month, XRP experienced a sharp drop in valuation. Even with the most recent surge, XRP is still down over the previous week by 2.04% and over the previous month by more than 14%. Currently, XRP is trading at $0.524, up less than 1% over the past 24 hours. Peter Schiff names new bearish target for Bitcoin price In a recent X post, Peter Schiff, renowned gold advocate, named the next downside objective for Bitcoin. In his opinion, the objective is going to be the $54,000 level. Schiff also stated that Bitcoin has formed a bearish head and shoulders pattern, with the "neckline" of the pattern just below $57,000. Earlier this week, the expert stated that Bitcoin is currently facing its do-or-die momentum, and if BTC breaks down below the $60,000 level, the asset will be in big trouble. However, recent statements made by Federal Reserve Chairman Jerome Powell briefly made the Bitcoin price rise above the $59,000 level. At the moment, Bitcoin is trading at $61,715, up 5.84% over the past 24 hours.#SHib #CryptoWatchMay2024 #XRPGrowth