SHIB is back on the radar, and if you’re a fan of meme tokens, this chart should get your attention! In the last few days, we’ve seen SHIB creep back up to $0.00001482, gaining nearly 1% in the last hour. While the market has been turbulent, SHIB is showing signs of recovery. Could this be the beginning of another rally, or are we looking at more sideways action? Let’s break down the chart and see what could be coming next for SHIB! 🐕‍🦺
The 1-hour chart reveals a steady upward trend for SHIB, bouncing from recent lows. Right now, SHIB is above the $0.00001450 support level, which is encouraging for the bulls. With the help of some strong technical indicators, SHIB may be getting ready to make a move.
Analyzing SHIB’s Chart: Building Bullish Momentum?
Starting with the simple moving averages (SMA), we see that the 7-period SMA is sitting at $0.00001461, while the 25-period SMA is at $0.00001456. SHIB’s price is currently trading above both of these moving averages, suggesting that the short-term momentum is bullish. Additionally, the 99-period SMA is at $0.00001439, and with the price well above this, it indicates a solid uptrend in both short and long-term timeframes.

Next up is the Moving Average Convergence Divergence (MACD). Currently, the MACD line is crossing above the signal line, which is a bullish signal. The histogram has also started to print green bars, indicating that the momentum may be shifting in favor of the buyers. This could be the early sign of an upward movement, especially if SHIB continues to break higher resistance levels.
Looking at volume, SHIB has seen an uptick, with volume pushing over 90.844B in the last few hours. This indicates increased trader interest, and typically, rising volume precedes larger price moves. If this trend continues, we could see SHIB break through its key resistance levels and push toward higher prices.
Why Is SHIB Moving Now?
So, why is SHIB starting to move? The meme token landscape has seen increased interest, especially with recent talks around ecosystem development and expanding utility for tokens like SHIB. There’s been talk about SHIB’s potential entrance into decentralized finance (DeFi), along with its Shibarium layer-2 network launch, which has kept the SHIB army hopeful about future growth and adoption.
Another factor driving SHIB’s movement could be the broader crypto market environment. As Bitcoin continues to gain strength, it often leads to more liquidity in the altcoin market. Meme tokens like SHIB tend to benefit from this renewed interest as traders look for high-risk, high-reward plays.
Finally, community sentiment around SHIB has always been a driving force. The SHIB community is one of the largest and most vocal in the crypto space, and they have a reputation for rallying behind their beloved token. The combination of strong community backing and potential ecosystem growth could be fueling the recent price movements.
What’s Next for SHIB? Price Predictions and Strategy 📊
Now that we’ve seen a potential breakout forming, where could SHIB be heading next?
The immediate resistance level to watch is at $0.00001500. If SHIB can break above this key psychological level, we could see a surge toward $0.00001600 and beyond. In the short term, if the volume continues to increase and the MACD remains bullish, SHIB could test higher price points over the next few days.
On the downside, support is holding strong at $0.00001450. If SHIB fails to break higher, we could see a minor retracement toward this level. However, as long as the token remains above the 99-period SMA at $0.00001439, the overall trend remains bullish.
For traders, now might be a great time to consider entering a position if SHIB continues to show strength. Watching the MACD and volume closely could help confirm if this is indeed the start of a larger move. However, always manage your risk and be prepared for volatility, as meme tokens like SHIB can swing wildly in both directions.
Final Thoughts: Will SHIB Make a Big Move Soon? 🤔
SHIB is showing signs of life, and the technicals suggest we could be in for more upside action. With growing momentum, solid community backing, and potential ecosystem developments on the horizon, SHIB has the ingredients for a strong breakout.
What’s your take? Will SHIB push past $0.00001500, or are we in for more consolidation? Share your thoughts and strategies in the comments below! And don’t forget to hit that follow button for more updates on your favorite cryptos! 🔥
#SHIB #MemeTokens #CryptoTrading #ShibArmy #Binance

Shiba Inu (SHIB) is seeing a lot of excitement today, with its price jumping over 10%. This surge comes after nearly 360 million SHIB tokens were burned in the past week, which has positively affected the coin’s market.
This news has sparked a lot of speculation about SHIB’s potential for future gains. Let’s take a closer look at SHIB’s current market trends and what they might mean for its future.

Shiba Inu (SHIB) Gains Momentum Amid Massive Burn
Shiba Inu (SHIB) has seen a notable surge recently, thanks to a substantial increase in its burn rate. According to Shibburn on X, 360.35 million SHIB coins were burned over the past week, resulting in a dramatic 418% rise in the weekly burn rate. This significant reduction in supply has positively impacted SHIB’s market dynamics.
The bullish sentiment in the market, combined with the recent surge in the burn rate, has contributed to Shiba Inu’s price rally. As the burn mechanism continues to reduce the token’s supply, SHIB’s total supply now stands at approximately 589.27 trillion. Additionally, the SHIB community reported burning 3.84 million tokens today.
Despite a recent decline in SHIB’s price, which followed the broader market trend, today’s developments provide a positive turnaround. The increase in the burn rate and signs of recovery in the broader industry have helped SHIB reverse its previous losses, with the coin trading in the green.
Shiba Inu (SHIB) Rallies Amidst Mixed Market Signals
As of writing, Shiba Inu (SHIB) has experienced a significant rally, gaining 15.30% over the past day to reach a price of $0.00001539. During the same period, SHIB’s price fluctuated between $0.00001296 and $0.00001546, highlighting its volatility.
In the futures market, SHIB’s open interest (OI) has increased by 8.45% to $34.53 million, suggesting growing investor interest. However, the volume of derivatives trading has decreased by 28.62%, falling to $213.20 million.
Despite the rally, the Relative Strength Index (RSI) is hovering around 30, indicating potential downside pressure. This mixed data leaves SHIB’s future price movements uncertain, as market signals present a complex picture.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#SHIB #ShibArmy #ShibaInu #Memecoins #MtGox $SHIB $BTC $DOGE

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SHIB price touched highs of $0.00001005 before facing rejection

The dog-themed cryptocurrency Shiba Inu (SHIB) has been steadily rising in value over the last week. The surge caused the SHIB price to break beyond the daily MA 50 barrier at $0.00000947, which had held it back since mid-January.

As bulls surged higher, Shiba Inu made good attempts at breaching the $0.00001 level, which would erase or "kill" a zero from the SHIB price. The SHIB price touched highs of $0.00001005 on Feb. 15 and 16 before facing rejection. At the time of writing, SHIB had returned below the $0.00001 mark, down 3.37% to $0.00000966.

But before SHIB can successfully erase a zero, it must overcome a significant challenge: a 151 trillion SHIB level that lies in between the range of $0.000010 and $0.000013. This level represents a strong resistance zone, where a large number of sellers might emerge and drive the price lower.

According to on-chain data from IntoTheBlock, over 239,300 addresses own 151.49 trillion SHIB at an average price of $0.000011, between $0.000010 and $0.000013.  

This means that these investors are currently underwater and may be tempted to sell their SHIB to break even or reduce their losses. As a result, SHIB bulls will need to resist selling pressure and absorb supply to break above this level.

As SHIB approaches the crucial 151 trillion token level, bulls are gearing up for what could be a monumental showdown. A breakthrough would mark a substantial achievement for SHIB holders and could potentially aid further price appreciation.

Shiba Inu has climbed in tandem with the crypto market recently, a factor that might boost the SHIB price in the days ahead. With Bitcoin and Ethereum recently reaching fresh highs, investors might shift their attention to lesser caps in search of substantial returns.

As SHIB prepares for a potential showdown at the 151 trillion Shiba Inu barrier, the cryptocurrency community watches with bated breath. Whether SHIB can overcome this hurdle and embark on a new bullish cycle remains to be seen. Inu (SHIB) News

#ShibArmy  #Shiba  #ShibaInu  #Bitcoin  #Memecoin

Shiba Inu (SHIB) is currently experiencing a bearish trend, according to recent price action and technical indicators. Fibonacci levels suggest that SHIB prices may drop towards the lows observed in late February.
Despite a 38% bounce from these lows over the past two days, SHIB has struggled to break through the former support level of $0.0000178, which now serves as resistance. This resistance may lead to further price declines.
Additionally, although SHIB appears undervalued in the short term and has seen a recent price bounce, network growth has slowed. The key question is whether the bulls can drive prices higher in the near future.
Shiba Inus Bearish Price Action and Technical Indicators
The 1-day chart for Shiba Inu (SHIB) shows a firmly bearish trend. Following a breakdown from its trading range, SHIB has been consistently forming lower highs and lower lows. The Relative Strength Index (RSI) remains below the neutral 50 level, reinforcing the downtrend.

Source: SHIB/USDT on TradingView
The Directional Movement Index (DMI) indicates that the -DI and ADX have been above 20 since June 14th, signaling a strong downtrend. This trend has continued without significant changes.
Additionally, the 78.6% Fibonacci retracement level has been broken and is now acting as support. This suggests that a further downward movement to the 100% level, or potentially beyond, is likely for the meme coin.
Shiba Inu’s Distribution Trends and Selling Pressure
In the final week of May, Shiba Inu’s mean coin age began to trend downward, indicating increased distribution. This metric has yet to show an uptrend, reflecting ongoing steady selling and minimal accumulation across the network.

Source: Santiment
On July 6th, a spike in dormant circulation occurred as prices rebounded, which might signal upcoming selling pressure. Meanwhile, the number of daily active addresses has remained steady compared to the previous month.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#SHIB #ShibaInu #ShibArmy #MtGox #PolyMarket $SHIB $DOGE $WIF

Let's see how the community will act with this statement.

"Shibarium: ALL IS WELL

MASSIVE influx of transactions and users that happened at the same time when we announced that Shibarium is live.

Good morning ShibArmy,

Let's deal with the fud. There is no bridge issue, any screenshot you see of me saying any issue is false and your funds are safu. So what is happening?

INSANE TRAFFIC INSTANTLY

We've seen ShibArmy bring down large exchanges, websites, and other things. For the first time, our decentralized team has felt the power of the ShibArmy in full. It's insane really.

Our technical difficulty is not an issue of Shibarium, but instead, from the MASSIVE influx of transactions and users that happened at the same time when we announced that Shibarium is live. Our team has been working tirelessly to scale (even though validators were already on autoscale when we made the announcement) and bring up the chain again to an extent that we can handle the influx of our decentralized nation state.

To give an example of the insane level of traffic we just experienced, let's look at one analytics provided by one service we used to check everything, ALCHEMY. (Thanks to the team there for the quick response!)

On the enterprise plan we have with Alchemy, we are allotted 400 Million compute units a MONTH. At launch, we experienced 160+ Million compute units in approximately 30 minutes.

If we continue at that rate, we are expected to reach Billions of compute units in a day, on par with the most active L2 Blockchains that exist. Although we expected a very busy moment, we never expected THIS much traffic, instantly.

Other stats: 1000 Eth, 600,000 Bone deposited into our new chain in approximately, 15 minutes! This just proves that the ShibArmy is STRONG.

Give us time to scale with the amazing team at Unification and others, and then bring up our amazing chain once again so that we can start our journey towards perpetual decentralization. Ignore all fud, and don't click on any links you see that aren't on Shib.io as they could be dangerous.

Thanks for your patience, and power.

sincerely,

Shy"

#Shibarium

#ShibArmy

$SHIB

Even the most robust crypto project has little chance of achieving significant market popularity without the support of an active community. The #ShibaInu team is aware of this and continually highlights the contribution of its supporters. In a recent tweet, they emphasized that the true strength of their dog-themed token lies in community support.
 

 
The attached quote was also significant: "In our ecosystem, visionaries are not just witnesses to history, but its creators." This quote underscores the importance of active community participation in the Shiba Inu ecosystem.
 Recognition of ShibArmy by Shiba Inu Leadership
It's important to note that the team recently acknowledged the endless support of the Shiba Inu community. Last year, the project's pseudonymous lead developer, listed among the "50 Most Influential People" in the crypto world, awarded the community in recognition of its fundamental importance to the cryptocurrency ecosystem.
 The Community's Influence on Shiba Inu's Popularity
It is well-known that Shiba Inu, launched in August 2020, quickly became one of the most popular crypto projects. This success is not due to its tokenomics or technology but rather due to the active community supporting it.
 The rapid rise in popularity of Shiba Inu on social media, including platforms X (formerly Twitter) and Reddit, rewarded its first supporters with a significant increase in SHIB value in 2021. The community grew and became a prominent force in the online space.
 Community members, known as ShibArmy, significantly contributed to making the cryptocurrency visible, especially on platforms X and Reddit, where they stirred up discussions about Shiba Inu.
 Thanks to these activities, the community attracted new investors to purchase Shiba Inu tokens, thereby strengthening overall support for cryptocurrencies.
 New Steps and Contributions of #ShibArmy
Yesterday, leading cryptocurrency exchange Gate.Io initiated support for Shibarium, the Shiba Inu Layer-2 blockchain. This update allowed users to buy #BONE tokens and transfer them to Shibarium addresses.
 ShibArmy contributes in various ways, including:
·      Defending Shiba Inu against FUD (Fear, Uncertainty, and Doubt).
·      Shaping public perception.
·      Participating in the SHIB burn initiative.
·      Protecting uninformed investors from scams.
·      Engaging in charitable activities.
 This article highlights the crucial role of the community in the success and growth of cryptocurrencies, as demonstrated by the example of Shiba Inu and its ShibArmy.
#SpaceCatch
 Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“