Market analysts confirm Shiba Inu has entered a buy zone, predicting a looming rally to $0.000085 upon breakout of a prevailing flag pattern.

Read more on: https://thecryptobasic.com/2024/06/27/will-shib-go-up-as-shiba-inu-enters-buy-zone-targets-0-000085-upon-flag-breakout/
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Multiple entities, including AI chatbots Google Bard and ChatGPT, and crypto platform Changelly, have presented new timelines for Shiba Inu to hit $0.0001 and $0.001 amid the price drop to $0.000017.

Read more on: https://thecryptobasic.com/2024/06/26/here-are-new-timelines-for-shiba-inu-to-hit-0-0001-and-0-001-as-shib-falls-to-0-000017/
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The post "Binance Adjusts SHIB Trading Options Amid Market Dynamics: Details" first appeared on 36crypto.com News.
In a recent clarification to the Shiba Inu community, LucieSHIB, the marketing executive for the #ShibaInu (SHIB) token, addressed concerns raised by an update from the Binance exchange. The actions of Binance that announced it would delist specific trading pairs, such as the SHIB/TUSD, caused investors several goosebumps. This decision is the regular evaluation of the pairs to see how trading can be enhanced by dropping the less used pairs.
Additionally, LucieSHIB pointed out that this adjustment refers to the overall listing of the Shiba Inu token on the Binance platform. Shiba Inu is still among the cryptocurrencies Binance offers for trading, as other pairs, such as SHIB/USDT and SHIB/USDC, observe heavy trading activity. This action coordinates with the measures taken by Binance to optimize the trading experience and make trading safe for customers.
Shiba Inu Community Praised for Vigilance
Fortunately, the update arrived at the right time because volatility within the Shiba Inu ecosystem is high and frequently results in misguided information. LucieSHIB, on her part, used this opportunity to alert the community that trickery articles sometimes appear, and she urged the community to exercise caution. Proactive communication seeks to reduce cases of fraud that are common in the cryptocurrency markets, more so in volatile times. 
Binance has remained one of the most significant crypto exchanges worldwide, and such moves go a long way in ensuring that its trading market is healthy. Some of the other duos that were seen out from the platform include METIS/FDUSD LINK/TUSD and BLUR/FDUSD, as well as the SHIB/TUSD combination.
The clarification from LucieSHIB has been well-received by the Shiba Inu community, fostering a better understanding of Binance’s operational decisions. This incident underscores the importance of clear and direct communication from project leaders to ensure that investors are well-informed and not swayed by unfounded rumors. As the crypto landscape evolves, such clarity will be essential in maintaining investor confidence and market stability.
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Popular Shiba Inu community figure and expert Del Crxpto contrasts the initial creation and evolution of SHIB with its main rival, Dogecoin (DOGE). 

Read more on: https://thecryptobasic.com/2024/06/26/expert-says-dogecoin-launched-as-a-joke-but-shiba-inu-isnt-playing-around/
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Shiba Inu, the popular memecoin, has seen a dramatic 11% surge in the last 48 hours, bringing its price to $0.00001746 according to #CoinMarketCap Despite this uptick, SHIB remains precariously perched at a critical support level of $0.00001745. This support is crucial as recent metrics have shown bearish signals, indicating potential further declines.

Over the past month, SHIB has experienced significant volatility, including a notable 35% drop since early June. Currently, indicators such as the stochastic RSI suggest an oversold condition, hinting at a possible price reversal. Similarly, the MACD indicator reflects diminishing bearish momentum, though the overall sentiment remains cautious.
Analysis from AMBCrypto on Coinglass' liquidation heatmap reveals considerable leverage at current price levels. This underscores the risk of further price drops if SHIB fails to hold above its support.

On a positive note, SHIB's burn rate surged by 29.76% in the last 24 hours, with 17,191,209 SHIBs burned. This reduction in circulating supply could potentially exert upward pressure on prices if the support level holds steady.

Looking ahead, SHIB faces a pivotal moment where continued support at $0.00001745 will be crucial in determining its next move. Traders and investors are closely monitoring these developments amidst a balanced market sentiment between long-term bullish hopes and short-term concerns.

In conclusion, while Shiba Inu has shown resilience with recent gains, the ongoing bearish pressures indicate that caution is warranted. The next steps for SHIB will heavily depend on its ability to maintain current support levels amidst fluctuating market dynamics.
Disclaimer: The information provided in this article is intended for informational purposes only. Cryptocurrency trading involves significant risks, and it is advised to conduct thorough research before making any financial decisions.
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