Shiba Inu Eyes 500% Gain As SHIB Bulls Take Control

Shiba Inu (SHIB) has seen its price rally 15% over the past week, now trading around the $0.000008 resistance level. The meme coin appears poised for further gains as bullish momentum builds.
SHIB needs to break above the 200-day moving average to confirm a trend reversal to an uptrend. Momentum is bullish, with the MACD line moving above the signal line and the RSI at 55. This indicates growing upside momentum.
On-chain data shows massive SHIB outflows of 841% over the past week. While this highlights declining volumes, Shiba Inu is known for its natural volatility. The data likely reflects intentions by major market makers.
According to popular TradingView analyst AlanSantana, SHIB is ready for a major bullish wave after forming a higher low in October versus June. Rising trading volumes with prices over the 100-day EMA and December 2022 lows confirm bullish potential.

MEMECOINS SHOW A SOLID RETURN AMID THE RETURN OF MARKET BULLS

Memecoins make a huge comeback in the cryptocurrency industry as the entire market begins an upward trend on the back of Bitcoin exchange-traded funds (ETFs).
FLOKI and PEPE witnessed a massive increase in prices and were observed to outperform major coins including Ethereum.
Market sentiments also confirmed a surge in Dogecoin (DOGE) as it recorded a 7.76% gain in its daily trading volume to $217.2 million.
Generally, the entire cryptocurrency market is experiencing an upward trajectory, being led by large assets like Bitcoin and smaller coins including memecoins. On a 24-hour timeframe, coins including PEPE and FLOKI have experienced impressive gains since the weekend ending October 29th.
Among the reasons promoting this bullish market attribute is the growing interest fueled in spot Bitcoin exchange-traded funds (ETFs). Investors’ appetites have grown as expected SEC approval is likely and will soon follow changes to ETF filings by major crypto players.

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Stay strong, the meme rocket will rise
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meme coins

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I am Brazilian !

Insurance #pepe ,#shib , #bonk , #meme , #flok , for some time with an iron fist I know it will rise much higher if you are arriving now hold tight to the swing of the waves.
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Follow me for hot tips!!

I am Brazilian !

Insurance #pepe ,#shib , #bonk , #meme , #flok , for some time with an iron fist I know it will rise much higher if you are arriving now hold tight to the swing of the waves.
maofortesempre

Shib 🚀🚀🚀🚀🚀
Bullish return
#SHIB

Shiba Inu Price Prediction: Will $SHIB Recovery Surpass $0.00001 in November?

Shiba Inu Price Prediction: SHIB Price Failed to Sustain Above $0.0.0000077 May Reinforce Next Correction

Shiba Inu Price Prediction: On October 25, Shiba Inu price decisively broke through the monthly resistance level of 0.000007879. This disruption, accompanied by an increase in trading volume, was initially expected to fuel strong upward momentum for further recoveries. However, broader market sentiment has cast doubt on the sustainability of this disruption. So the question arises: will this recent increase in supply pressure trigger a false breakout?

Is the current recovery sustainable?SHIB price consolidation is forming a narrow range from $0.00000785 to $0.000010758The coin's price would face an intense supply zone at $0.00000873.The intraday trading volume of Shiba Inu coin is $108.5 million, showing a loss of 34%

Over the past three weeks, the Shiba Inu price has experienced significant growth, rising from a low of $0.0000066 to a high of $0.00001825, marking a 24.5% increase. This recovery, supported by increased trading volume, indicates active bullish momentum.
However, SHIB price faces supply pressure around the $0.00000825 mark due to broader market uncertainty. Consequently, the coin's price has been trading mostly sideways for over a week, trying to maintain its position above the recently recovered level of $0.01077.

Shiba Inu Burn Rate Explodes 1,300%, What Does This Mean for SHIB Price?

More than 100 million SHIB were sent to an address that no one was able to access in the last 24 hours.

Shiba Inu has experienced a significant token burn, with over 100 million SHIB burned in the last 24 hours, marking a 1,300% increase over the previous day's burn rate. This program is part of the SHIB supply reduction strategy , with already 41% of the initial supply burned, in an effort to increase the value of the coin over time. Despite the burn, the price of SHIB fell 4% daily and 3% weekly, in line with the broader slowdown in the
crypto market, although the launch of the Shibarium layer 2 solution may provide future price support.

The most recent recording data
The popular memecoin – Shiba Inu – has  witnessed  the burning of over 100 million tokens in the last 24 hours. The number represents an increase of approximately 1,300% in relation to the burning rate of the previous day.

Shiba Inu Burn in October
As CryptoPotato recently reported, memecoin saw nearly 1.5 million tokens destroyed during the previous month. The record day was October 28th, when more than 250 million SHIB were withdrawn from circulation

The successful execution of the burning program was touted as a bullish element that could trigger a rally in currency prices. Another factor contributing to a future increase could be the advancement of the Shibarium layer 2 scaling solution.

The project adopted such a practice to reduce the overall supply of SHIB and potentially make the asset more valuable over time. According to Shibburn, more than 41% of the initial supply has already been sent to an address that no one has been able to access.
Despite the increasing number of fires today, SHIB is falling in resonance with the entire cryptocurrency market. It's down about 4% in the last 24 hours (according to CoinGecko data) and 3% weekly

A total of more than 630 million SHIBs were destroyed last week, with more than 50% of that amount burned in the last 24 hours.

The Shiba Inu burn rate has increased by more than 7,400% in the last 24 hours, leading to more than 369 million SHIBs being removed from circulation.
The intent of the burning program is to decrease the overall supply of tokenilitis, possibly increasing its scarcity and value; coinilitis price increased by 12% weekly.
Shibarium, Shiba Inuit's layer-2 scaling solution that launched in August, quickly gained traction with over 3.5 million transactions and 1.3 million blocks.

Popular memecoin Shiba Inu continues to witness a substantial amount of its circulating supply being destroyed.
According to data provided by Shibburn, the asset burn rate skyrocketed by more than 7,400% in the last 24 hours, meaning more than 369 million SHIB were sent to an address that no one could access. Total assets withdrawn from circulation last week exceeded 630 million.
#Shibinu #memecoin

Shiba Inu (SHIB) has broken its long-term downtrend recently with an impressive rally, according to crypto enthusiast SHIB HOLDER. The meme coin is up over 11% from its September lows.
However, SHIB now faces significant resistance near the psychologically important $0.00001 level, also known as “erasing another zero.” From current prices around $0.0000079, SHIB would need a 25.5% rally to decisively break above $0.00001.
Technical analysis
According to altFINS, SHIB is approaching tough resistance after breaking out of a falling wedge pattern. Their target of $0.0000080 (also near the 200-day moving average) was reached.

#SHIB #memecoin