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đ±đ„âShiba (SHIB) can reach ATH with these two metrics!âđđ
How does the Shibarium blockchainâs growth in two key metrics support the Shiba Inu ($SHIB ) price?
Shibarium has gained momentum in fundamental performance despite its slower growth compared to other layer-2 blockchains. According to UTodayâs analysis, the Shibarium blockchain has seen a decline in its active activity, but its block production has remained stable.
The analysis results, which show that the on-chain data has turned positive, said: âAccording to Shibariumscamâs components, the layer-2 list is divided into a total of two million registered addresses. There are currently a total of 1,814,475 registered addresses, and this number has been recorded in the 13 months since its launch.â
Apart from the increasing registered address durations day by day, the total number of transactions has also grown. The total transactions of Shibariumscam data have reached 418,168,377.
Will Shibarium choke #SHIB ?
Will the developments in the Shibarium blockchain increase the price of Shiba Inu (SHIB)?
According to the analysis, the movement in the blockchain can contribute to the growth of SHIB. SHIB, which has increased by 2.77 percent in the last 24 years, is targeting an all-time high (ATH).
âSHIB price is trading at 87 percent at the ATH level,â UToday said, and concluded his sentences with the comment, âThe predicted milestones can help fill the percentage depletion in question.â
Increasing adoption rates Shibarium will soon increase by 420 million transactions. It is expected that more students will turn to blockchain with the end of negative events.
The analysis, which includes the record "Positive impressions about Shibarium can be reflected in the SHIB price", indicates: "Increasing transactions can be carried out by more users, more people demanding SHIB, as marked by the addresses of Shiba Inu."
#memecoins #Shibusdt
How does the Shibarium blockchainâs growth in two key metrics support the Shiba Inu ($SHIB ) price?
Shibarium has gained momentum in fundamental performance despite its slower growth compared to other layer-2 blockchains. According to UTodayâs analysis, the Shibarium blockchain has seen a decline in its active activity, but its block production has remained stable.
The analysis results, which show that the on-chain data has turned positive, said: âAccording to Shibariumscamâs components, the layer-2 list is divided into a total of two million registered addresses. There are currently a total of 1,814,475 registered addresses, and this number has been recorded in the 13 months since its launch.â
Apart from the increasing registered address durations day by day, the total number of transactions has also grown. The total transactions of Shibariumscam data have reached 418,168,377.
Will Shibarium choke #SHIB ?
Will the developments in the Shibarium blockchain increase the price of Shiba Inu (SHIB)?
According to the analysis, the movement in the blockchain can contribute to the growth of SHIB. SHIB, which has increased by 2.77 percent in the last 24 years, is targeting an all-time high (ATH).
âSHIB price is trading at 87 percent at the ATH level,â UToday said, and concluded his sentences with the comment, âThe predicted milestones can help fill the percentage depletion in question.â
Increasing adoption rates Shibarium will soon increase by 420 million transactions. It is expected that more students will turn to blockchain with the end of negative events.
The analysis, which includes the record "Positive impressions about Shibarium can be reflected in the SHIB price", indicates: "Increasing transactions can be carried out by more users, more people demanding SHIB, as marked by the addresses of Shiba Inu."
#memecoins #Shibusdt
đ±đ„Shiba ($SHIB ) gave good news to its investors: It's flight time!đđđ¶
#ShibaInu (#SHIB ) has managed to gain significant momentum, rising by 14.21 percent in the past month.
SHIB August, the second largest memecoin according to market data, has seen a significant price recovery. The fact that SHIB has a more market-oriented outlook has drawn analystsâ attention.
Popular crypto analyst Javon Marks is planning a 231 percent recovery and a 480 percent bull run in SHIB price. Marks, who made the statement via X, said: â$SHIB (Shiba Inu) prices have recently confirmed multiple bullish forms with the RSI, which could lead to a major recovery of over 231 percent to return to 2024 highs. This momentum does not target SHIB price at $0.000081.â
Shiba Inu (SHIB) is blinking at the top SHIB, which is traded at $ 0.0000132 in terms of news writing, has increased by nearly 4 percent since September 4. AMBCrypto, who said that the increase in the memecoin price was not enough, said: SHIB remained at the continuation of the $ 0.00001612 performance it recorded in June despite the increases. On the other hand, SHIB is seen to be 84.52 percent below the highest level of $ 0.0008616.
In the weekly chart, it was seen that the popular memecoin fell by 4.41 percent. As a chart with ups and downs, the amount of bullishness in analysts for SHIB was formed.
The analysis mentioned the following: "As Trader Marks watches, SHIB can rise close to 213 percent" and may emerge at the highest temperature of 2024, which will bring SHIB closer to its ATH."
#Shibusdt #memecoins
#ShibaInu (#SHIB ) has managed to gain significant momentum, rising by 14.21 percent in the past month.
SHIB August, the second largest memecoin according to market data, has seen a significant price recovery. The fact that SHIB has a more market-oriented outlook has drawn analystsâ attention.
Popular crypto analyst Javon Marks is planning a 231 percent recovery and a 480 percent bull run in SHIB price. Marks, who made the statement via X, said: â$SHIB (Shiba Inu) prices have recently confirmed multiple bullish forms with the RSI, which could lead to a major recovery of over 231 percent to return to 2024 highs. This momentum does not target SHIB price at $0.000081.â
Shiba Inu (SHIB) is blinking at the top SHIB, which is traded at $ 0.0000132 in terms of news writing, has increased by nearly 4 percent since September 4. AMBCrypto, who said that the increase in the memecoin price was not enough, said: SHIB remained at the continuation of the $ 0.00001612 performance it recorded in June despite the increases. On the other hand, SHIB is seen to be 84.52 percent below the highest level of $ 0.0008616.
In the weekly chart, it was seen that the popular memecoin fell by 4.41 percent. As a chart with ups and downs, the amount of bullishness in analysts for SHIB was formed.
The analysis mentioned the following: "As Trader Marks watches, SHIB can rise close to 213 percent" and may emerge at the highest temperature of 2024, which will bring SHIB closer to its ATH."
#Shibusdt #memecoins
DON'T MISS THIS BUY OPPORTUNITY FOR SHIBUSDT-SHIBAINU
đLONG: $SHIBUSDTđđ
Trade SHIBUSDT-Shibainu for Long. Buy now or at 0.00000765. Stop loss at 0.00000722. Aim for profits at 0.00000920, 0.00001060, 0.00001200 and 0.00001300. Use price action, technical analysis, support/resistance, and chart patterns.
#SHIBCommunity #ShibaInuPriceForecast #Shibusdt #shibainu
đLONG: $SHIBUSDTđđ
Trade SHIBUSDT-Shibainu for Long. Buy now or at 0.00000765. Stop loss at 0.00000722. Aim for profits at 0.00000920, 0.00001060, 0.00001200 and 0.00001300. Use price action, technical analysis, support/resistance, and chart patterns.
#SHIBCommunity #ShibaInuPriceForecast #Shibusdt #shibainu
đ
$SHIB USDT Update
đ
đ
Trendline intact, holding market
đĄ
Breakout potential: Assess fundamentals
đŠ
Scenarios:
1ïžâŁ
Trendline holds: Monitor stability
2ïžâŁ
Trendline breaks: Evaluate for investment
đ§
Stay sharp, trade wisely!
đđč
#Shibusdt #Crypto #InvestingAdventure
$SHIB USDT Update
đ
đ
Trendline intact, holding market
đĄ
Breakout potential: Assess fundamentals
đŠ
Scenarios:
1ïžâŁ
Trendline holds: Monitor stability
2ïžâŁ
Trendline breaks: Evaluate for investment
đ§
Stay sharp, trade wisely!
đđč
#Shibusdt #Crypto #InvestingAdventure
Trading the trend involves identifying the prevailing direction of the market and aligning your trades with that direction. Here are some basic steps:
1. Trend Identification: Use technical analysis tools like moving averages, trendlines, or trend indicators to determine the current trendâwhether it's upward (bullish), downward (bearish), or sideways.
2. Entry Points: Look for entry points in the direction of the trend. This could be after a pullback or a consolidation period. Common entry signals include breakouts, moving average crossovers, or trendline confirmations.
3. Risk Management: Set stop-loss orders to protect your capital. This helps limit losses if the market moves against your position. Consider the volatility of the asset and your risk tolerance when determining the distance for your stop-loss.
4. Take Profit: Define your profit targets based on the trend's strength and potential reversal points. This can be done using technical analysis tools or by identifying key support and resistance levels.
5. Trend Confirmation: Use additional indicators or chart patterns to confirm the strength of the trend. This can provide added confidence in your trading decisions.
6. Stay Informed: Keep an eye on economic and market news that might impact the trend. Sudden news events can sometimes reverse or accelerate trends.
7. Continuous Monitoring: Regularly reassess the market conditions to ensure the trend remains intact. Be ready to adjust your strategy if signs of a reversal emerge.
Remember, trading always involves risks, and there are no guarantees. It's crucial to develop a strategy, stick to risk management principles, and continuously educate yourself to improve your trading skills.
Combine this with dollar cost averaging and you are good to go to become a millionaire with shib before 5 years from now!!
Share if you agree â â â
#BTC.đ. #SHIBAâ đ #Shibusdt #SHIBARMYSTRONG #BTCUSDT.P
1. Trend Identification: Use technical analysis tools like moving averages, trendlines, or trend indicators to determine the current trendâwhether it's upward (bullish), downward (bearish), or sideways.
2. Entry Points: Look for entry points in the direction of the trend. This could be after a pullback or a consolidation period. Common entry signals include breakouts, moving average crossovers, or trendline confirmations.
3. Risk Management: Set stop-loss orders to protect your capital. This helps limit losses if the market moves against your position. Consider the volatility of the asset and your risk tolerance when determining the distance for your stop-loss.
4. Take Profit: Define your profit targets based on the trend's strength and potential reversal points. This can be done using technical analysis tools or by identifying key support and resistance levels.
5. Trend Confirmation: Use additional indicators or chart patterns to confirm the strength of the trend. This can provide added confidence in your trading decisions.
6. Stay Informed: Keep an eye on economic and market news that might impact the trend. Sudden news events can sometimes reverse or accelerate trends.
7. Continuous Monitoring: Regularly reassess the market conditions to ensure the trend remains intact. Be ready to adjust your strategy if signs of a reversal emerge.
Remember, trading always involves risks, and there are no guarantees. It's crucial to develop a strategy, stick to risk management principles, and continuously educate yourself to improve your trading skills.
Combine this with dollar cost averaging and you are good to go to become a millionaire with shib before 5 years from now!!
Share if you agree â â â
#BTC.đ. #SHIBAâ đ #Shibusdt #SHIBARMYSTRONG #BTCUSDT.P
Shiba Inu Faces Potential 20% Price Drop Due to Bearish Pattern Threatening the Cryptocurrency
Shiba Inc Price Analysis:-
Shiba Inu (SHIB) has recently faced a correction phase amid increasing bearish sentiment in the cryptocurrency market. The coin created a local top at $0.00001575, after which the daily chart revealed a downward trendline and horizontal support, indicating the formation of a descending triangle pattern. As a result, the SHIB price has been responding actively to this bearish pattern, and traders may be interested in knowing how to trade this pattern.
Here are the key points of the SHIB price analysis:
The SHIB price has entered a correction phase after reaching a local top at $0.00001575 amid increasing bearish sentiment in the crypto market.
The daily chart indicates the formation of a descending triangle pattern with a series of lower highs, suggesting a weakening of bullish momentum.
A potential breakdown below the $0.00001170 support level could trigger the bearish pattern and lead to a further price drop.
The intraday trading volume of SHIB currently stands at $172,906,077 ( $172.9 Million ) , indicating a 9% loss and a bearish sentiment among investors.
Traders should approach the SHIB market with caution, considering the bearish trend and the potential breakdown of the key support level.
Technical Analysis Update:-
The current correction in the Shiba Inu coin is being governed by a descending triangle pattern.
Traders have observed that the coin's price has repeatedly reverted from the pattern's resistance trendline and horizontal support. As a result, traders are closely monitoring this bearish continuation pattern and its potential target.
At present, the SHIB price is trading at $0.00001241 and remains above the neckline support of $0.00001170. With a 0.15% increase in price today, the memecoin is expected to resume its ongoing consolidation and reach the overhead trendline.
Source:- CryptoPatel Tradingview Analysis
In summary, the SHIB price analysis suggests that traders are closely monitoring the descending triangle pattern and its potential target. The coin's price is currently hovering above the neckline support, and a price increase is expected to resume the consolidation phase. The ongoing correction in the SHIB price is likely to be governed by this bearish pattern, and traders should be cautious in their approach.
The area between the overhead trendline and neckline support is likely to be designated as a no-trading zone for the SHIB price.
Interested traders must wait for a breakout opportunity to get a better confirmation of the price trend.
If the price of SHIB breaks below the $0.00001170 support level with a daily candle closing, there is a higher possibility of increased selling pressure.
In such a scenario, traders may consider taking short entries at this breakdown, which could cause the price to plunge by 22% down to reach the $0.00000945 support level.
In summary, traders should be cautious in their approach to the SHIB market and closely monitor the price movement for potential breakout opportunities.
A bearish breakdown below the $0.00001170 support level could trigger increased selling pressure, and traders may consider taking short positions.
A price drop of up to 22% down to the $0.00000945 support level is a possible outcome in this scenario.
Technical indicator Overview:-
RSI:-
The daily Relative Strength Index (RSI) slope for SHIB has dropped below the midline, indicating a shift in market sentiment from bullish to bearish. This suggests that the sellers are gaining control of the market and that caution is advised when considering any potential trades.
EMA's:-
The 50-day and 200-day Exponential Moving Averages (EMAs) are moving closer to the $0.00001170 support level for SHIB, which is strengthening its support power. This convergence of EMAs is a significant technical indicator and suggests that the support level is becoming increasingly important. Traders should closely monitor the price movement around this level as a breakdown could trigger a sharp price drop.
If you found my content and analysis helpful, please consider liking, sharing, and following me.
Your support is greatly appreciated and helps me to continue producing high-quality content for you.
Thank you for your support!
#Binance #ShibaINU #SHIB #Shibusdt #memecoin
Shiba Inu (SHIB) has recently faced a correction phase amid increasing bearish sentiment in the cryptocurrency market. The coin created a local top at $0.00001575, after which the daily chart revealed a downward trendline and horizontal support, indicating the formation of a descending triangle pattern. As a result, the SHIB price has been responding actively to this bearish pattern, and traders may be interested in knowing how to trade this pattern.
Here are the key points of the SHIB price analysis:
The SHIB price has entered a correction phase after reaching a local top at $0.00001575 amid increasing bearish sentiment in the crypto market.
The daily chart indicates the formation of a descending triangle pattern with a series of lower highs, suggesting a weakening of bullish momentum.
A potential breakdown below the $0.00001170 support level could trigger the bearish pattern and lead to a further price drop.
The intraday trading volume of SHIB currently stands at $172,906,077 ( $172.9 Million ) , indicating a 9% loss and a bearish sentiment among investors.
Traders should approach the SHIB market with caution, considering the bearish trend and the potential breakdown of the key support level.
Technical Analysis Update:-
The current correction in the Shiba Inu coin is being governed by a descending triangle pattern.
Traders have observed that the coin's price has repeatedly reverted from the pattern's resistance trendline and horizontal support. As a result, traders are closely monitoring this bearish continuation pattern and its potential target.
At present, the SHIB price is trading at $0.00001241 and remains above the neckline support of $0.00001170. With a 0.15% increase in price today, the memecoin is expected to resume its ongoing consolidation and reach the overhead trendline.
Source:- CryptoPatel Tradingview Analysis
In summary, the SHIB price analysis suggests that traders are closely monitoring the descending triangle pattern and its potential target. The coin's price is currently hovering above the neckline support, and a price increase is expected to resume the consolidation phase. The ongoing correction in the SHIB price is likely to be governed by this bearish pattern, and traders should be cautious in their approach.
The area between the overhead trendline and neckline support is likely to be designated as a no-trading zone for the SHIB price.
Interested traders must wait for a breakout opportunity to get a better confirmation of the price trend.
If the price of SHIB breaks below the $0.00001170 support level with a daily candle closing, there is a higher possibility of increased selling pressure.
In such a scenario, traders may consider taking short entries at this breakdown, which could cause the price to plunge by 22% down to reach the $0.00000945 support level.
In summary, traders should be cautious in their approach to the SHIB market and closely monitor the price movement for potential breakout opportunities.
A bearish breakdown below the $0.00001170 support level could trigger increased selling pressure, and traders may consider taking short positions.
A price drop of up to 22% down to the $0.00000945 support level is a possible outcome in this scenario.
Technical indicator Overview:-
RSI:-
The daily Relative Strength Index (RSI) slope for SHIB has dropped below the midline, indicating a shift in market sentiment from bullish to bearish. This suggests that the sellers are gaining control of the market and that caution is advised when considering any potential trades.
EMA's:-
The 50-day and 200-day Exponential Moving Averages (EMAs) are moving closer to the $0.00001170 support level for SHIB, which is strengthening its support power. This convergence of EMAs is a significant technical indicator and suggests that the support level is becoming increasingly important. Traders should closely monitor the price movement around this level as a breakdown could trigger a sharp price drop.
If you found my content and analysis helpful, please consider liking, sharing, and following me.
Your support is greatly appreciated and helps me to continue producing high-quality content for you.
Thank you for your support!
#Binance #ShibaINU #SHIB #Shibusdt #memecoin
