Shiba Inu (SHIB) is currently at a crucial point, as per recent technical analyses. Following a strong rally, the coin is now testing important support levels that could shape its short-term path.
On the daily SHIB/USDT chart, it’s observed that the meme coin is consolidating above the 200-day Exponential Moving Average (EMA), a substantial support level. In the past, a successful retest of this level has often led to upward price movements.
SHIB: Potential 12% Surge with Technical Bullish Signals
The current consolidation phase around the critical support level near $0.0000084 is being viewed by some as a platform for future gains in Shiba Inu (SHIB). Analysts predict a bullish continuation that could lead to a noteworthy 12% upswing in the upcoming weeks. This optimism is reinforced by SHIB’s trading position above both the 50-day and 100-day moving averages, indicating a robust uptrend with room for further expansion.

Moreover, the sustained pricing above these moving averages and the potential formation of a “golden cross” — a bullish signal where the 50-day moving average surpasses the 200-day moving average — adds weight to expectations of an imminent price rally. Although the golden cross is typically considered a lagging indicator, investors often interpret it as confirmation of a robust bull market on the horizon.
In addition to these factors, the stability of the Relative Strength (RS) and increased trading activity are being highlighted as favorable conditions for SHIB’s potential price rally. These indications suggest that the coin is displaying compelling signs of a bullish breakout, with the potential for a substantial surge estimated at around 12%.
While the meme coin market is known for its volatility, the current technical patterns and support levels contribute to a cautiously optimistic outlook for SHIB. Investors and traders are closely monitoring the situation, particularly for a confirmed breakout above the 200-day SMA, which could mark the beginning of the anticipated climb.
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.
#shibawhale #ShibaInuUpdate $SHIB

Shiba Inu ($SHIB ) is experiencing a decline today, likely due to a significant sell-off, as a massive amount of tokens has been transferred to exchanges over the past 24 hours. On October 7, market participants, including large holders known as "whales," sent 1.3 trillion SHIB tokens to centralized exchanges, presumably for liquidation. This trend follows the previous day, when 789 billion SHIB were also sent to exchanges.
Significant Influx of Tokens to Exchanges
In contrast, on Monday, 943.89 billion SHIB tokens were withdrawn from exchanges into external wallets. This movement resulted in a net inflow of 358 billion SHIB back to exchanges, increasing the selling pressure. When more tokens are deposited to exchanges than withdrawn, it often signals potential selling activity, which puts downward pressure on the price.
Current Market Status
At the time of writing, SHIB is trading at $0.00001755, marking a 3% daily decline. This negative trend has been observed over the past week. So far today, 366.97 billion SHIB tokens have been sent to exchanges, which is less than the previous day but still a significant volume.
Key Resistance Levels and Market Outlook
#shiba⚡ Inu is currently facing key resistance around the $0.00001800 level. If the price breaks above this level, it could indicate potential for a market recovery. Analysts have identified the $0.00002000 zone as a major breakthrough point; surpassing this level could attract stronger buying pressure and potentially lead to more substantial growth.
On the downside, #SHIB، has critical support at $0.00001500. If the current trend of net inflows continues and SHIB fails to break resistance, maintaining this support will be essential for preserving its recent upward trend.
#Shibalnu , #Cryptocurrencies , #shibawhale

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

A number of pricing forecasts for the Shiba Inu have been compiled by Telegoan, a company that specializes in information technology. These forecasts cover the period from 2023 to 2050.
The Shiba Inu Price Forecast for the Years 2023 to 2025
Several positive forecasts on the price of the Shiba Inu native token (SHIB) have been made by Telegoan, a company that specializes in offering crypto analytics. The information technology company believes that the price of Shiba Inu might continue to rise steadily over the course of several decades, eventually reaching a maximum of one dollar at some point in the next few decades.
In terms of the price prediction for the year 2023, Telegoan has predicted that the price of SHIB would reach a maximum price level of $0.0000216 by the time the year 2023 comes to a close. According to CoinMarketCap, the price of the Shiba Inu coin is now $0.0000103 at the time that this article is being written. Despite the current buzz around the possibility of a positive rebound for alternative cryptocurrencies in 2024, the cryptocurrency has had very modest development.
Dogecoin, on the other hand, has experienced a minor increase in value, which may be ascribed to the favorable optimistic feelings that have been prevalent in the cryptocurrency market as well as the continuous advances that have taken place inside the Dogecoin ecosystem, such as the DOGE-1 lunar mission.
In addition, Telegoan has forecasted that the price of SHIB would either climb by a maximum of $0.0000571 during the year 2024 or decrease by a minimum of $0.0000221.
According to the predictions made by the crypto analytics company, the price of SHIB is expected to reach a high of $0.000728 in the year 2025, with an average price of $0.000652. In addition, Telegoan has said that the price of a Shiba Inu might drop to a minimum of $0.0000568 if the market does not meet the expectations that were set for it.
The projections have shed a new perspective on SHIB because the cryptocurrency has had a growth tendency that has remained static despite the unique activities that have been launched into the ecosystem. Some examples of these initiatives are the Shibarium network and the SHIB magazine.
According to Telegoan, the price of SIB might climb to $0.000712 by the year 2030, with an average price increase of $0.000646. It is anticipated that the cryptocurrency will have a minimum price fall of around $0.000593 in the near future.
Additionally, it is possible that the Shiba Inu token may get closer to the price ceiling of $0.01 in the year 2024. According to Telegoan's forecast, the cryptocurrency will have an average price growth of $0.076 and will reach a high of $0.089 in the near future. In addition, it is anticipated that by the year 2024, the token's price would decrease by a minimum of $0.054 dollars. In addition, the information technology company has warned that the price of SHIB may increase even more than it anticipated if the cryptocurrency markets become even more positive than they now are.
Telegoan concluded that by the year 2050, the price of Shiba Inu coin is expected to climb to a maximum price of $1.07, with an average price increase of $0.89 compared to the current price. As a result of the market's view for that year, the cryptocurrency analytics organization has claimed that it is possible for the cryptocurrency to surpass its early estimates.
#shibawhale #SHIB #BullRun

The price of Shiba Inu has increased by 1.5% over the course of the last twenty-four hours, and its recent movement to $0.00000834 represents a gain of 2% over the course of a week.
And despite the fact that SHIB has had a decline of 5% in the past two weeks, it has also experienced a rise of 9% in the past thirty days. Yesterday, statistics revealed that a new whale has withdrew around $2.4 million worth of the meme token from Binance.
This indicates that an accumulation phase may have begun, and given that the majority of experts anticipate a bull run by the end of the year, SHIB may be in for more rallies very soon.
Prediction of the Shiba Inu Price following the withdrawal of $2.4 Million in SHIB from Binance by Whale - Is There a Secret Accumulating?
On the other hand, despite the fact that Shiba Inu's chart and indicators continue to be slightly muted, it is possible that they are prepared for sustained development.
For example, the 30-day moving average of SHIB (which is yellow) has slowed down its rise over the course of the last week or two, which is an indication that momentum is waning.

As a similar point of reference, the relative strength index (purple) of the coin has stayed unchanged at the 50 level for a little more than a week, which indicates that it is having a difficult time attracting new customers.
On the other hand, the support level of the currency, which is green, has been holding up fairly well since the middle of October, which suggests that the coin is still in a more bullish phase.

This is in addition to the fact that the data indicates that at least some whales have been collecting SHIB over the past few days, which is an indication that bigger traders anticipate additional gains in the near future.
Given that the majority of market analysts anticipate that the entire market will experience a rally at the beginning of the next year (due to the possibility of Bitcoin ETF approvals), it is highly probable that SHIB will see gains in the coming weeks.
The most essential thing is that Shiba Inu has been the recipient of a number of significant revisions and debuts this year. These developments have all served to improve the fundamentals of the breed and placed it in a position where it can continuously increase in value.
One example of this is the creation of the layer-two network Shibarium, which has made it possible for the Ethereum-based Shiba Inu network to conduct transactions at lower costs and with a faster processing time.
The introduction of Shiba Inu's own name service is also included in this announcement. This service is being introduced as part of the efforts to offer decentralized identification to the ecosystem of the coin.
The use of Shiba Inu-based applications, such as ShibaSwap, is anticipated to expand as a result of these capabilities, which will in turn lead to an increase in the demand for Shiba Inu.
As a consequence of this, the price of a Shiba Inu is anticipated to increase to $0.000010 during the following few weeks, and then it is anticipated to reach $0.000020 by the first couple of months of 2024.
#shibawhale #ShibaInuUpdate #shibaInu

In recent weeks, Shibarium, an Ethereum Layer 2 network inspired by Shiba Inus, has been stepping up its game. There has been a new milestone in the amount of daily transactions conducted on the network due to the quick pace of adoption.
Shibarium Processes More Than 90 Million Transactions Every Year
Data collected by ShibariumScan indicates that the sum of all transactions processed by the Shiba Inu Layer 2 network has surpassed 90 million. The network has been recording over 6.5 million transactions per day for several days prior to this.
Over 7.8 million transactions were processed on the Shibarium network in only the past two days. The number of users adding themselves to the network has also been on the rise. Just two weeks into December, it jumped from a November trend of roughly 30,000 to over 54,000. This indicates that the number of accounts on the network has increased by nearly 100%.
Just like the daily transactions, active accounts also rose to a new peak of 9,339 on December 5. Still, following a drop to 3,232 on December 10, this indicator appears to be experiencing a complete retracement. What this indicates is that people are beginning to reduce their network activities.

Also setting a new record in December was the amount of new accounts generated in a single day. On December 3, it hit 4,456 according to the data, and on December 5, it dropped to 4,399. In contrast, the number of newly formed accounts on the network has plummeted to 368 as of December 10, a decline of around 92%.
Are Shiba Inus Capable of Rallying to $0.0001?
Although Shiba Inus will benefit from the Shibarium network's rapid expansion, it's unlikely that this will have much of an effect on the breed's asking price. The reason behind this is that BONE is the primary utility token in the network, whilst Shiba Inu is solely used for network governance. As a result, the expansion of the network is more likely to affect the value of BONE than SHIB.
Market analysts at Telegoan have predicted that SHIB may hit the $0.0001 price objective in 2025. Additionally, under ideal market circumstances, they anticipate that meme coin's value may reach $0.000728 that year.
The meme coin's valuation could be propelled in the near future by an anticipated $1 million worth of burns. Shytoshi Kusama, the chief developer for the Shiba Inu breed, has stated that the more than $1.2 million earned from BONE fees on the Shibarium network may be utilized to burn SHIB. The value of the SHIB token is anticipated to increase as its supply decreases.
#SHIB #shibawhale #BullRun