Shiba Inu Price Forecast: Why Traders Transferred 1.25 Trillion SHIB amid $120B Crypto Market Dip
Key Points:
Shiba Inu price fell below $0.000018 on Oct 23, 2024, down 10.38% and on course to close a 3rd consecutive day in decline.
Shiba Inu traders have transferred over 1.25 trillion worth approximately $22 million out from exchanges into long-term storage and cold wallets within the last 3 days.
The Parabolic SAR dots on the SHIBUSD daily chart has moved towards $0.0000166, beneath the current price which typically suggests strong support building up.
Shiba Inu Price Analysis
Shiba Inu price fell below $0.000018 on Oct 23, 2024, down 10.38% and on course to close a 3rd consecutive day in decline. Despite the bearish market sentiment, technical indicators, and fundamental on-chain data trends continue to flash positive signals.
Will SHIB bull traders hold out for an early rebound or succumb to more downsizing?
SHIB Bulls Take 10% Haircut as Crypto ‘Uptober’ Rally Hits $90B Snag
Shiba Inu price experienced a steep 3-day downtrend since rejecting at the $0.000020 support level on Sunday, October 19. Prior to that, SHIB price had been on an uptrend since Oct 10, driven by the 2024 ‘Uptober’ rally.
During that eventful 9-day, between Oct 10 and Oct 19, Shiba Inu had mirrored the broader market performance, climbing to new multi-month peak along with top-ranked cryptocurrencies including Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE).
However, since Shiba Inu bulls failed an attempt to breach the $0.000020 support level on Oct 19, the bullish momentum has weakened considerably. This set the stage for a sharp double-digit SHIB price correction when the crypto markets overheated on Tuesday.
After pulling 21.8% gains between Oct 10 and Oct 19, Shiba Inu price has now closed lower than its opening price in each of the last 3 trading days, according to the data depicted on the TradingView chart above.
At the time of writing on Oct 23, SHIB
$SOL /USDT BREAKING OUT OR BREAKING DOWN – DECISION TIME!
The SOL/USDT chart is showing strong signs of volatility, with its price currently trading around 173.65 USDT. After several attempts to test resistance, SOL is edging toward a significant breakout or breakdown.
💡 Key Resistance: 174.00 USDT – A break above this level could spark a strong bullish push toward 176.50 USDT, where momentum traders may look to take profits. Beyond this, the next target could be 180.00 USDT for longer-term holders.
📉 Support Zone: 172.00 USDT – If SOL loses grip on this level, expect the price to tumble toward 170.00 USDT. A fall below could drive prices toward 166.50 USDT or lower, triggering a more bearish sentiment.
📊 Long Entry: Look to enter around 174.10 USDT with a stop loss at 172.00 USDT. Target profit levels at 176.50 USDT and 180.00 USDT if momentum builds.
📉 Short Entry: A break below 172.00 USDT could provide a shorting opportunity with a stop loss at 174.50 USDT and targets at 170.00 USDT and 166.50 USDT.
Strategy: Wait for confirmation above 174.00 USDT to catch the bullish wave or below 172.00 USDT for the bearish move. Stay sharp—SOL is primed for its next big move!
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#ETHBTCNewLow #TeslaBTCQ3HoldingsStable #CryptoPreUSElection #ScrollOnBinance #SECApprovesBitcoinETFOptions
⚠️ BREAKING UPDATE REGARDING $OOKI $DIA $FIDA
OOKI
The price is rebounding from support at $0.00075 and testing the recent high resistance at $0.001. The upward momentum is building, with the price breaking above the $0.00080 level. The next resistance levels are $0.001 and $0.0012, with $0.001 being a critical short-term target. A breakout above $0.001 would confirm the bullish trend, potentially targeting $0.0012. The support at $0.00075 has held, indicating a strong barrier for the current uptrend. As long as OOKI remains above $0.00075, the bias remains bullish. Considering the current momentum, scaling in long positions above $0.00090 or on a pullback to $0.00085 could be strategic.
DIA
The price is consolidating above $1.05, indicating buyer interest. Recent highs at $1.20 and lows at $1.00 suggest a narrow trading range. The next resistance levels are $1.20 and $1.30, with $1.20 being a critical short-term target. A breakout above $1.20 would confirm the bullish trend, potentially targeting $1.30. The support at $1.05 has held, indicating a strong barrier for the current uptrend. As long as DIA remains above $1.05, the bias remains bullish. Considering the current momentum, scaling in long positions above $1.15 or on a pullback to $1.10 could be strategic. A stop-loss below $1.05 would protect against potential reversals.
FIDA
The price is testing resistance at $0.26, with support at $0.24. The upward momentum is building, with the price breaking above the $0.25 level. The next resistance levels are $0.26 and $0.30, with $0.26 being a critical short-term target. A breakout above $0.26 would confirm the bullish trend, potentially targeting $0.30. The support at $0.24 has held, indicating a strong barrier for the current uptrend. As long as FIDA remains above $0.24, the bias remains bullish. Considering the current momentum, scaling in long positions above $0.26 or on a pullback to $0.25 could be strategic.
#KryptoAlchemy
#MemeCoinTrending #Write2Earn!
#UptoberBTC70K?
#SCRSpotTradingOnBinance
BTC Update 3️⃣
Market: BTC
Momentum: Bullish
Timeframe: 15m
Trend: Sideways
Entered Time: Oct 24, 17:00 IST
Entered Price: 67,141
Expecting Rise : 68600-70000
Note: The 15m chart trends may change market momentum every 1-3 hours. If you are following our analysis, please ensure you also follow the latest updates. Always use proper risk management, such as setting Stop Loss (SL) and Take Profit (TP). If you wish to change your position based on the 15m chart, consider analyzing the market using a different timeframe. No one is forcing you to follow this analysis.
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🚀 **TeraWulf's $350M Convertible Note Offering: Zero-Carbon Mining Goes Big!**
- TeraWulf, the eco-friendly Bitcoin mining company, announced a $350M convertible note offering due 2030. 💰
- The funds aim to boost capital structure, enhance stockholder value, and support corporate goals.
- Convertible notes can turn into TeraWulf stock under certain conditions, with interest starting May 2025.
- Proceeds will cover share repurchases, capped call transactions, and general activities.
- TeraWulf's Lake Mariner facility in NY runs on zero-carbon energy, aligning with ESG principles.
- The company eyes expansion and potential partnerships, including a Magnificent Seven company.
🚀 TeraWulf's $350M Convertible Notes: Powering Up for the Future! 🌱
TeraWulf, the zero-carbon Bitcoin mining champ, is rolling out a $350M convertible senior notes offering, maturing in 2030. The aim? Boost capital, enhance stockholder value, and support corporate goals.
- **Convertible Notes**: Investors can convert debt into TeraWulf stock.
- **Interest**: Starts May 2025, payable semi-annually.
- **Use of Funds**: Minimize stock dilution, share repurchases, and general corporate activities.
With the Lake Mariner facility in NY and new WULF Den, TeraWulf is charging ahead! 💪
What do you think of TeraWulf's green mining strategy? Drop your thoughts below! 👇
🚀 Bitcoin's rollercoaster ride continues! After a brief dip to $65K, it's back above $67K, holding strong at key support levels. Keith Alan from Material Indicators says staying above the 21-week SMA is crucial for the uptrend. 📈
With the US election and Fed decisions looming, expect some wild swings. But hey, volatility is just part of the crypto fun, right? 😜
What do you think? Will BTC hold the line or take us on another thrill ride? Drop your thoughts below! 💬 #Bitcoin #Crypto #DeFi #Web3 #Tech
$SUI /USDT is currently trading at 1.9770 USDT on the 15-minute chart, after a sharp move up to 2.0518 USDT, which now acts as the key resistance level.
The recent support has been found at 1.9604 USDT, making this an important zone to watch. If the price breaks below this support, it could fall toward lower levels.
However, if bullish momentum picks up, potential upside targets include 1.9900 USDT, 2.0200 USDT, and a retest of the 2.0518 USDT resistance. The suggested entry point for this trade is at 1.9770 USDT, with a stop loss placed at 1.9550 USDT to limit downside risk.
Watch for a breakout above resistance or further consolidation around support to determine the next move.
#Therapydogcoin #ScrollOnBinance #ScrollOnBinance #CryptoPreUSElection #TeslaBTCQ3HoldingsStable
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Attention to all traders: Be extremely cautious when trading UNFI, as it’s highly risky and seems to be manipulated for liquidation scams. The price surged to $8.61, and 99% of traders believed it was going bullish, but it crashed hard, leading to $300 million in liquidations. My team and I secured strong profits by shorting at $3.20, and it dropped to $2.23. I made the call to short after noticing that 55% of positions were long, which indicated a likely drop. Stay alert and avoid getting trapped in this coin. Follow our live streams for more updates and strategies to stay ahead!
#tradingbycfpro #BinanceSquareFamily #ScrollOnBinance
🔥 Ubisoft Launches Free NFT Game: Champions Tactics 🔥
Ubisoft has unveiled Champions Tactics: Grimoria Chronicles, a free-to-play, NFT-based game. In this fantasy-themed game, players engage in turn-based battles, utilizing 75,000 minted NFT champions on the Oasys network. Each champion is priced at around $10 in OAS tokens, with ranked matches offering extra rewards. However, security concerns are raised due to recent cyberattacks involving fake NFT games, urging players to remain vigilant.
Will Ubisoft's NFT integration reshape blockchain gaming?
#UbisoftNFTgame
Source: CoinTurk
A dormant address containing 150 BTC (worth $10,033,846) has just been activated after 13.3 years! Back in 2011, those coins were valued at just $2,540.
In a surprising move, all those BTC were transferred to Bitstamp just one hour ago.
Now it's value around $10.04 Million
Address: 1E4ksHSJcnn2rCPwyCwKmxR9zKpMFYSdo4
What a comeback for this long-lost wallet! 🚀
$BTC
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{future}(BTCUSDT)
$JUP Price Prediction: Buying Pressure Needed To Sustain Rally - BeinCrypto Analytics
JUP has experienced a notable double-digit rally over the past month, pushing its price above the Ichimoku Cloud, a widely-used technical indicator for assessing market momentum. Trading above the cloud signals a strong bullish trend, suggesting that buyers dominate the market and sentiment is positive. Since October 18, JUP’s price has remained above the cloud on the daily chart, highlighting potential support levels.
Currently trading at $1.01, JUP is approaching a key resistance level of $1.09. If the buying pressure persists, the altcoin could break this resistance and target the next critical level of $1.23. A successful move above this would set its sights on the six-month high of $1.38.
However, if profit-taking ensues, JUP could retrace toward the Ichimoku Cloud support levels at $0.90 and $0.86. A drop below these supports could send the price plummeting toward the July 5 low of $0.63. Traders should watch for shifts in momentum as JUP approaches key resistance.
$NEIRO /USDT is currently trading at 0.00143774 USDT on the 15-minute chart.
The price has been in a downtrend, recently hitting a low of 0.00140303 USDT, which is a key support level to watch.
The resistance is at 0.00160000 USDT, and the price is consolidating near the support level. If NEIRO can hold this support, it could target an upside recovery towards 0.00145000 USDT, 0.00150000 USDT, and potentially retest the resistance at 0.00160000 USDT.
On the downside, if the price breaks below 0.00140303 USDT, it could fall toward 0.00138000 USDT or lower. The suggested entry point for this trade is at 0.00143774 USDT, with a stop loss at 0.00140000 USDT to manage risk.
Monitor the price closely for a breakout or further consolidation around these levels.
#Therapydogcoin #EthereumPectraUpgrade #ScrollOnBinance #CryptoPreUSElection #TeslaBTCQ3HoldingsStable
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