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đŸ’„ U.Today: $SHIB Analysis Currently, SHIB is trading around $0.00002824, but if the double bottom pattern plays out as many hope, we could witness a climb toward the $0.00003 mark. The pattern is typically confirmed when the price rises above the resistance level that marks the top of the "W." For SHIB, this resistance is presently seen at $0.000029, just above the recent highs. A successful break above this level could indeed be the rally's lifesaver, pulling SHIB out of its recent price dips and setting it up for a significant recovery. However, for this bullish scenario to hold true, SHIB must not only break past this resistance but also maintain the momentum to confirm the reversal is genuine. If SHIB can sustain the price above the double bottom's peak, the next target would be the resistance level at $0.00003. Surpassing this resistance could attract more buyers and potentially fuel a more robust rally. On the downside, if SHIB fails to uphold the momentum and falls beneath the double bottom's support level at $0.00001989, the likelihood of a strong reversal diminishes. Such a move could signal that the market is not ready for a rally yet, and SHIB could see further consolidation or even a dip before any potential uptrend materializes. For now, Shiba Inu is in a consolidation state, and it is too early to tell whether or not Shiba Inu is going to have a bullish future. If we are lucky enough, the aforementioned pattern plays out and we see a reversal. #SHIBđŸ”„đŸ”„

đŸ’„ U.Today: $SHIB Analysis

Currently, SHIB is trading around $0.00002824, but if the double bottom pattern plays out as many hope, we could witness a climb toward the $0.00003 mark. The pattern is typically confirmed when the price rises above the resistance level that marks the top of the "W." For SHIB, this resistance is presently seen at $0.000029, just above the recent highs.

A successful break above this level could indeed be the rally's lifesaver, pulling SHIB out of its recent price dips and setting it up for a significant recovery. However, for this bullish scenario to hold true, SHIB must not only break past this resistance but also maintain the momentum to confirm the reversal is genuine.

If SHIB can sustain the price above the double bottom's peak, the next target would be the resistance level at $0.00003. Surpassing this resistance could attract more buyers and potentially fuel a more robust rally.

On the downside, if SHIB fails to uphold the momentum and falls beneath the double bottom's support level at $0.00001989, the likelihood of a strong reversal diminishes. Such a move could signal that the market is not ready for a rally yet, and SHIB could see further consolidation or even a dip before any potential uptrend materializes.

For now, Shiba Inu is in a consolidation state, and it is too early to tell whether or not Shiba Inu is going to have a bullish future. If we are lucky enough, the aforementioned pattern plays out and we see a reversal.

#SHIBđŸ”„đŸ”„

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👀 According to AMBCrypto: $PEPE , POPCAT bounce back as GameStop boosts memecoins While most parts of the crypto market have seen some downturns, meme coins in the Solana ecosystem are following a different trend. PEPE is trending number 1 globally on Twitter, with over a million tweets about it. The general sentiment among traders and investors, as per data from Santiment, is bullish. Over 60% of the community is bullish on meme coins today.  TradingView data for the POPCAT/USDT pair shows distinct periods of both upward and downward movements. The asset experienced a sharp rise from around $0.4850 to a peak near $0.5250, followed by a pullback and subsequent recovery phases.  Given the recent recovery and stabilization around the $0.5115 level, coupled with the general uptrend observed from the lowest points, the market sentiment appears cautiously bullish. As for PEPE, if it can sustain its position above the recent support level at 0.00001030 USDT and break through the resistance at 0.00001100 USDT, it might continue to surge towards much higher price levels. However, if the resistance holds and selling pressure increases, a retracement towards the support level or further could occur. 
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đŸ’„ According to BeinCrypto: $FET Price Prediction Fetch.ai’s price has seen a drop of 12.7% in the span of a week, with the altcoin sitting at $2.08, close to the support at $1.96. The increasing bearishness at the hands of investors could cause a drop below this support. Additionally, the altcoin is vulnerable to a death cross. A death cross occurs when a short-term 50-day Exponential Moving Average (EMA) crosses below a long-term 200-day EMA, indicating a potential bearish trend. This could drag FET down to $1.71. On the other hand, the support of $1.96 has been tested multiple times recently but has not been broken down below. If this level remains unbroken, Fetch.ai’s price could bounce back, pushing FET to $2.26.  Breaching and flipping it into support would enable a rise to $2.46 and beyond, in effect invalidating the bearish thesis.
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🚀 According to CryptoNews: $BTC Price Prediction With a bullish Bitcoin price prediction, Bitcoin (BTC/USD) is trading at $61,949, up 0.65%. On the 4-hour chart, the pivot point (green line) is at $61,547. Immediate resistance levels are at $63,164, $64,271, and $65,504. Immediate support levels are at $60,275, $59,218, and $58,237. Technical indicators suggest a supportive environment for a bullish trend. The Relative Strength Index (RSI) is at 50, indicating balanced momentum. The 50-day Exponential Moving Average (EMA) stands at $61,626, providing further support to the current price. An upward trendline is reinforcing Bitcoin‘s price around the $61,630 level. On the upside, the next resistance is at $63,165, extended by a downward trendline. Overall, the 50 EMA and RSI both favor a buying trend.
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đŸ”„ According to AMBCrypto: Where Might $ADA Be Headed? Although the number of ADA’s large investors has increased in the last month, there has been a general decline in the demand for the altcoin. Readings from its key momentum indicators observed on a one-day chart confirmed this. ADA’s Relative Strength Index (RSI) was 37.42 as of this writing. This indicator signaled a high momentum of coin distribution among market participants. Further, the coin’s Chaikin Money Flow (CMF) rested below its zero line as of this writing. This indicator measures the flow of money into and out of an asset. When its value is below zero, it suggests increased liquidity exit from the market. This is known to precede a continued decline in an asset’s value. At press time, ADA’s CMF was -0.04.  Confirming the strength of ADA bears, the coin’s positive directional index (green) was positioned below its negative index (red). When these lines of an asset’s Directional Movement Index (DMI) are set up this way, the downtrend is strong.  With an Average Directional Index (ADX) value of 29, ADA’s downtrend was strong at press time.  At its press time price, ADA bulls are maintaining a crucial support level. However, if bearish momentum climbs, ADA may breach support to exchange hands at $0.38. Conversely, if these bearish projections are invalidated, the coin’s price may initiate a rally toward the $0.46 level.  This is possible because of the steady uptick in activity in the coin’s futures market, suggesting that despite the ongoing price decline, market participants continue to maintain a bullish outlook. According to Coinglass’ data, the coin’s Funding Rates across cryptocurrency exchanges remain positive. This signals that futures traders have continued to open long positions. 
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đŸ’” According to NewsBTC: $PEPE Price Surges Over 10% In the past few sessions, PEPE saw a steady increase above the $0.000010 resistance. It outpaced Bitcoin ,Ethereum, and MEME coins. There was a 10% increase, and the bulls were able to push the price above the $0.0000110 level. It traded as high as $0.00001148 and is currently consolidating gains. The price is holding gains above the 23.6% Fib retracement level of the upward move from the $0.00000959 swing low to the $0.00001148 high. It is also well above the $0.000011 and the 100-hourly Simple Moving Average. Immediate resistance is near the $0.0000115 level. There is also a breakout pattern forming with resistance at $0.0000115 on the hourly chart of the PEPE/USD pair. The first key resistance is near $0.00001155. A close above the $0.00001155 resistance zone could send the price higher. The next key resistance is near $0.000012. If the bulls remain in action above the $0.000012 resistance level, there could be a rally toward the $0.0000125 resistance. Any more gains might send the price toward the $0.0000132 resistance. If PEPE fails to clear the $0.0000115 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.0000110 level. The next major support is at $0.0000105 or the 50% Fib retracement level of the upward move from the $0.00000959 swing low to the $0.00001148 high. If there is a downside break and a close below the $0.0000105 level, the price might accelerate lower. In the stated case, the price could even drop below the $0.000010 support zone.
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