Entry Points:
* Immediate Entry: Consider entering now or before the minor resistance at 0.0311, anticipating a breakout.
* Conservative Entry: Wait for the price to hit the strong support at 0.024. If it holds and shows signs of reversal, enter.

Stop Loss:
* Set an aggressive stop loss at 0.0217, below the strong support.
Take Profit Levels:
* First Target: Minor resistance at 0.0311.
* Second Target: Major resistance at 0.045.

Risk Management:
* Position sizing: Risk only what you can afford to lose.
* Diversification: Spread investments across different assets.

Monitoring:
* Volume Analysis: High volume confirms breakouts or breakdowns.
* Indicators: Use RSI or MACD to gauge momentum.

Contingency Plans:
* If Retest Happens: Watch for a strong bounce at the 0.024 support.
* If Support Breaks: Reassess strategy or exit.

Long-Term Perspective:
* Consider dollar-cost averaging for long-term investments.
$SHIB
#Shibarmy #ShibaInuSurge #SHIBCommunity

According to U.Today, a social media administrator from the Shiba Inu team, known as DavinciShib on the X platform, has issued a significant warning to the Shiba Inu community. The warning elaborates on how scammers exploit the $SHIB
name, echoing a recent post by Shytoshi Kusama about similar fraudulent activities.

DavinciShib cautioned the #SHIBCommunity about individuals who add “SHIB” to their names to promote and sell dubious coins. He emphasized that this practice is a major red flag, as it does not guarantee safety. The administrator highlighted that anyone can incorporate “Shib” into their name, but this does not ensure legitimacy. He advised the community to be wary of any unknown coins being marketed under the SHIB name, as it often signals a scam.

In his comments, DavinciShib disclosed the existence of a group that launches a new coin every few months, with these coins typically losing 80-90% of their value. Despite the losses, these individuals are already preparing to introduce the next coin. He urged the SHIB community to recognize this pattern and avoid falling victim to such schemes multiple times.

Shytoshi Kusama, the enigmatic lead developer of SHIB, also shared his frustrations with the community on November 1. He revealed how scammers use his name and X account to deceive others. Kusama explained that he occasionally follows accounts from the SHIB community to stay informed. Scammers exploit this by offering to buy these accounts for around 1 ETH, a substantial sum in many regions. They then change the account’s name and profile picture to that of an attractive woman to gain followers, subsequently launching a fake token marketed as “community-driven.”

Kusama expressed his exasperation with these scams and reminded the community to verify token information through official SHIB channels. He stressed the importance of relying on official sources, especially given the decentralized nature of even these channels. Kusama’s message to the community was clear: remain vigilant and always confirm the authenticity of information through trusted sources.

Shiba Inu ($SHIB
) appears to be preparing for a major price rally. Although the second largest meme coin has not followed the path of Bitcoin ($BTC
) yet, the #SHIBCommunity is anticipating a huge breakout. Bitcoin, the largest cryptocurrency on the market, has been riding on positive momentum as it inches closer to its all-time high (ATH).

In the meme sector, Dogecoin ($DOGE
) has followed the BTC price trajectory as it nears the crucial $0.18 price level. Shiba Inu has a lower price correlation to Bitcoin compared to DOGE. However, the dog-themed meme coin has the potential to trigger a more broader price rally in the near future. Large holders, or whales, are anticipating this price movement. They are buying SHIB tokens in huge numbers ahead of this potential rally. More than 1.3 trillion SHIB coins, according to CryptoQuant, were withdrawn from cryptocurrency exchanges on Oct. 29. This huge rise in exchange outflows shows the strong buying trend for the coin.

The buying spree for whales is crucial. They are renowned for holding a coin for the long term without indulging in short term or panic selling. Whales typically do not put intense selling pressure on a coin. For Shiba Inu, the rising whale purchase is a strong bullish signal, which is critical for its potential price rally.
#USElections2024Countdown

Shiba Inu (SHIB) price movement slowed this week after bulls failed to break through the $0.000009 resistance level. On-chain research focuses the spotlight on crucial data factors that could determine SHIB price action in the coming days. 
As the positive momentum slowed, the price of Shiba Inu entered a consolidation period this week. Will the second-largest memecoin by market capitalization crash and rebound from here? 
Crypto Whales Holding SHIB Have Tuned Down Their Trading Activity
In the final week of October, the SHIB price increased by double digits as the Bitcoin (BTC) market surge expanded to the memecoin marketplaces. On-chain data readings, however, reveal that whales have reduced their trading activity since Shiba Inu rejected $0.000008 on October 24. 
Shiba Inu whales completed a two-month high of 69 Large Transactions on October 24, according to IntoTheBlock. However, as of November 2, that number has gradually decreased to 39 whale trades, a 44% decrease. 

The daily transactions measure calculates the number of trades that exceed $100,000 in value on a daily basis. A sharp drop in whale transactions, as seen above, is often interpreted as a negative indication. 
It reflects an increasing lack of enthusiasm among big institutional investors. This, crucially, may inspire strategic retail traders to adopt a negative attitude as well. If this hypothesis is correct, the SHIB token may see low market demand in the days ahead. 
SHIB Sell Orders Have Exceeded Market Demand
Another important on-chain statistic that is now indicating a deteriorating demand across SHIB spot markets is the Aggregate Order Books. SHIB traders had active sell orders for 6.5 trillion tokens, as seen below. Worryingly, this is significantly greater than the 6 trillion SHIB buy order currently listed on 10 cryptocurrency platforms. 

Exchange Aggregate Order Books provide a view of the total active market orders for an item. When demand is low, several sellers may be forced to compete by dropping their prices. 
As a result, the drop in whale trading activity and diminishing market demand may combine to cause a downward SHIB price movement in the coming days. 
SHIB Price Prediction: Possible Drop to $0.000005?  
Shiba Inu is expected to fall more in price in the following days, according to current on-chain statistics. 
This bearish narrative is supported by the Global In/Out of the Money (GIOM) chart, which illustrates the entry price distribution of current SHIB holders. It portrays Shiba Inu losing critical support at $0.00007 as a catalyst for greater losses. 
As shown below, 52,9200 addresses paid a maximum of $0.000007 for 19.37 trillion SHIB. Given that this is the greatest support cluster below current prices, they will almost certainly make frantic efforts to HODL.
However, if whale demand continues to fall, Shiba Inu’s price could fall even further below $0.000005. 

Alternatively, if Shiba Inu’s price can recapture $0.00001, the bulls will be able to counter that bearish prediction. However, that appears to be a long shot at the moment, as 153,700 addresses have 68.5 trillion SHIB purchased at an average price of $0.000008. If they take profits too soon, the price of SHIB would most certainly retrace. 
However, if that resistance level falls, Shiba Inu’s price could rise to the $0.00001 range.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SHIBCommunity #shib $SHIB

Excitement is buzzing in the cryptocurrency community with the launch of the new Shiba Inu Crypto Magazine, a publication dedicated to all things Shiba Inu and the broader world of cryptocurrencies. One of the most intriguing aspects of this avant-garde magazine is the exclusive offering of cover NFTs, which has created a stir among enthusiasts and collectors alike.The Shiba Inu Crypto Magazine stands out as a novel and innovative resource for those interested in the Shiba Inu cryptocurrency and the overall digital asset landscape. The magazine covers a wide array of topics, including market trends, investment strategies, technological developments, and the community’s latest updates. Whether you are a seasoned crypto investor or a newcomer to the space, this magazine promises to be a valuable source of information and insights.What sets the Shiba Inu Crypto Magazine apart is its groundbreaking approach to cover artwork. In a revolutionary move, the magazine is offering exclusive cover NFTs—non-fungible tokens that represent the original cover art of each issue. These NFTs grant buyers ownership of a unique and irreplaceable piece of digital art, providing a bridge between crypto and the burgeoning world of digital collectibles.As a testament to the growing significance of NFTs in the cryptocurrency realm, the Shiba Inu Crypto Magazine’s cover NFTs have captured the imagination of collectors and investors. By offering these limited-edition NFTs, the magazine has tapped into the burgeoning market of digital art and collectibles, presenting an exciting new way for enthusiasts to engage with the brand and the crypto community at large.The release of the Shiba Inu Crypto Magazine, coupled with its innovative cover NFT offerings, signifies a new frontier in the intersection of publications, cryptocurrency, and digital art. It represents a bold step forward in the evolution of crypto-centric media, offering readers and investors a one-of-a-kind opportunity to own a piece of the magazine’s history in the form of a coveted NFT.The debut issue of the Shiba Inu Crypto Magazine, along with its accompanying cover NFT, is sure to make waves in the crypto community. With its unique blend of informative content and innovative tokenized artwork, the magazine is poised to become a trailblazing force in the world of crypto-infused media. For those with a passion for Shiba Inu and a keen interest in the dynamic world of cryptocurrencies, the Shiba Inu Crypto Magazine and its cover NFTs present an exciting new frontier to behold.#shib #ShibaInuMystery #ShibaSurge #SHIBCommunity #BinanceSquareTalks

Shiba Inu is a meme-driven cryptocurrency that has seen a lot of attention due to its burn rate and price fluctuations. Here are some key points from the search results:

Burn rate: Shiba Inu's burn rate has been increasing rapidly, with some reports indicating a 940% surge in a 24-hour window. According to Shibburn, Shiba Inu has experienced a 535% increase in daily burning rate, with 8.1 million $SHIB tokens being burned daily. In another instance, 121,210,538 SHIB tokens were burnt overnight, accounting for a massive 567% jump from previous levels. However, there have also been instances where the burn rate has decreased dramatically, such as a 52.72% decrease in the past 24 hours.Price analysis: Despite the aggressive burning of #SHIB tokens, the cryptocurrency hasn't seen the expected price uptick. However, some market watchers are of the opinion that as SHIB's adoption broadens, its price may follow suit. Shiba Inu's price has been relatively flat in the past two weeks, while it is down 10% on a one-month basis. With the gradual reduction in supply due to the burn rate, the tendency for impressive price jumps is high, signaling a positive connotation for the burn rate metric in the evolution of the meme coin.

Shiba Inu's burn rate has been fluctuating dramatically, with some instances of significant increases and decreases. While the burn rate has the potential to impact the price of SHIB tokens, it is important to consider other factors such as overall market performance and adoption. As with any investment, it is important to approach any investment in Shiba Inu with caution and to consider all relevant factors.
#SHIBCommunity