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CRYPTO_KITE
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JUST IN: Over $200 billion added to the cryptocurrency market today.
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#Bitcoin bull flag minimum target: $95,000-$100,000 Imagine BTC sitting at $95,000 and Altcoins doing 5x in a few weeks Exciting times ahead $BTC #BinanceBlockchainWeek #Write2Earn! #BTCPredictedNewATH
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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 $0.000020 support level on Oct 19, the bullish momentum has weakened considerably. This set the stage for a sharp double-digit SHIB price correction when the crypto markets overheated on Tuesday. After pulling 21.8% gains between Oct 10 and Oct 19, Shiba Inu price has now closed lower than its opening price in each of the last 3 trading days, according to the data depicted on the TradingView chart above. At the time of writing on Oct 23, SHIB
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Dogecoin and Floki Inu Shine as Top Meme Coin Gainers Today Dogecoin and Floki Inu have emerged as two of the top five daily gainers in the major crypto market. Increased open interest signals growing optimism among traders for Dogecoin and Floki Inu’s upcoming rally. As the third week of October draws to an end, the altcoin market seems to be showing indications of recovery in several sectors, especially in the meme coin sector. Investors are becoming interested in this comeback, with two significant gainers in the daily top five list: (DOGE) (FLOKI). Reflecting their major presence in the crypto market, both dog-themed tokens have drawn the interest of investors.$ , Dogecoin and Floki Inu have seen notable increases as of writing; they rank among the top performers in the daily gainer list. This growth follows a more general positive sentiment about DOGE, which recent on-chain data have helped to justify. As we previously reported on CNF, with the open interest (OI) for DOGE futures contracts over $800 million, these measures exposed a clear inclination toward Doge.. DOGE: Open Interest Surges as Traders Show Bullish Sentiment New data from CoinGlass today shows yet another increase in DOGE’s OI, which has lately skyrocketed to $1.07 billion. This substantial rise in open interest reflects traders’ hope and indicates more activity around the token. Floki Inu Shows Bullish Momentum with Interesting On-chain Data Another meme coin under focus, Floki Inu (FLOKI), also exhibits strength. CoinGlass data shows a 17.15% rise in FLOKI’s open interest, therefore bringing the overall figure to $24.62 million. Rising OI among traders indicates that FLOKI might be preparing for a big change. With more traders placing long positions in expectation of a price rise, the Long/Short ratio for FLOKI for the previous 24 hours sits at 1.0227, which, comparable to DOGE, shows a modest bullish bias. Meanwhile, the FLOKI price increased by 8.13% over the last 24 hours at the time of writing, swapping hands about $0.0001617. #doge⚡ #FLOKI? #BTC☀ #Write2Earn!
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Expert says Shiba Inu Support Trendline Indicates Huge Pump as Resistance Nears Breakout . Shiba Inu (SHIB) has been gaining traction in the market, as analysts suggest that a major price surge could be looming. According to a recent chart shared by market analyst Jack, SHIB is forming a solid ascending support trendline that indicates bullish momentum is building up. The support trendline has been tracking higher lows, showing that buyers are steadily driving the price upwards. Shiba Inu Looks Set for Breakout After a long consolidation phase between June and August, SHIB saw a massive upward push in September, briefly testing the resistance zone around $0.00002100. The price pulled back after encountering resistance in early October but has quickly rebounded as it followed the ascending support trendline. The price action is currently approaching an important resistance zone between $0.00002000 and $0.00002100. SHIB has tested this resistance multiple times, but the price has yet to break through. However, Jack suggests SHIB is on the verge of breaking out above this level. Once SHIB manages to surpass this zone, the chart indicates a sharp upward movement. A breakout could see SHIB rally to $0.00002700, a gain of over 40% from current levels. SHIB’s Immediate Price Levels Meanwhile, SHIB’s immediate price levels show that the coin is currently trading near $0.00001933. Over the last few weeks, SHIB has shown a steady trend of higher lows, confirming the presence of buying interest and market confidence. The price has formed a symmetrical triangle, with the current pattern suggesting that Shiba Inu is gearing up for a breakout above $0.00002000. This symmetrical triangle pattern often indicates a continuation of the trend, as a breakout could lead to a sharp price rally. However, on the flip side, the immediate support rests at the 20-day moving average (MA) at $0.00001763, providing a safety net in case of a minor pullback. #shiba⚡ #GrayscaleConsiders35Cryptos #BTC☀ #SCRSpotTradingOnBinance #Write2Earn!
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Is This the Next Dogecoin? Experts Predict This New Coin Below $0.05 Will Mirror Shiba 2021 Rally The meme coin success story of (DOGE) captured the attention of investors in the crypto market in 2021. Currently, investors are in search of the next crypto gem. A new coin called IntelMarkets, with a value of less than $0.05, is attracting the attention of analysts. They have predicted that IntelMarkets’ price could mirror the price growth of even (SHIB) in 2021 due to its unique trading platform and close relation to the AI industry. The meme coin success story of (DOGE) captured the attention of investors in the crypto market in 2021. Currently, investors are in search of the next crypto gem. A new coin called IntelMarkets, with a value of less than $0.05, is attracting the attention of analysts. They have predicted that IntelMarkets’ price could mirror the price growth of even (SHIB) in 2021 due to its unique trading platform and close relation to the AI industry. While investors are still looking forward to a rally, the cryptocurrency is consolidating between $0.09 and $0.13 on the monthly timeframe. The recent interest in whales for the doge crypto has caught the attention of the cryptocurrency community. Many believe a price surge is on the way. Cantonmeow forecast the value of the cryptocurrency could pump to $1.5. Another analyst, Ali Martinez, is hinting that the Doge price could pump by 207%. In the meantime, (DOGE) faces a strong resistance level at the 200-SMA ($0.122585). In the case of a downtrend, there is a support level at the 50-SMA ($0.10644). (SHIB) is currently consolidating between $0.000012 and $0.000022 in the monthly timeframe. The Shiba coin is currently bullish, given its 14-day RSI stands above the 50 mark. Looking ahead, analysts are bullish about the Shiba price movement. A top analyst, Cantonese Cat, forecasted the value of the memecoin could soar to $0.00047 in the coming months. Another expert, Steve Montano, says that the Shiba ) value could soar to $0.000022403 in the coming weeks. #Write2Earn! #shiba⚡ #doge⚡
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