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SHIBUSD Bullish Structure Aligning With Market Flow🚀 SHIBA INU (SHIB/USD) - Swing Trade Profit Pathway Setup 🎯 Current Market Data ✅ Real-Time Price: $0.00000827 USD (+14.85% 7-day momentum) Market Cap: $4.87B (Ranking #25) 24h Volume: $133.6M USD Status: Bullish momentum breakout zone 📈 🎯 TRADE SETUP OVERVIEW Asset: SHIBA INU vs U.S DOLLAR (SHIB/USD) Strategy: Swing Trade - Simple Moving Average Breakout Trade Type: BULLISH CONTINUATION 🔝 Timeframe: Multi-day swing setup 📍 ENTRY STRATEGY Entry Approach: Flexible zone entry ✅ ANY PRICE LEVEL ENTRY - Multiple entry opportunities on breakout confirmation Primary Entry: Above Hull MA (HMA) breakout zone Secondary Entry: Dips into support after initial breakout Optimal Entry: Confirmed 4H HMA golden cross + volume surge Entry Signal Confirmation: Hull Moving Average (HMA) slope turns bullish ✓ Volume increases above 20-day average ✓ Price breaks & holds above key resistance levels ✓ ⛔ STOP LOSS (SL) - RISK MANAGEMENT SL Placement: $0.00000750 Placement Rule: AFTER Hull MA breakout confirmation Reasoning: Thief SL = Security line against false breakouts ⚠️ Important: Your stop loss placement is YOUR OWN CHOICE & RESPONSIBILITY. This is not financial advice. Adjust SL based on your personal risk tolerance and trading account size. Many traders adjust SL to 2-3% below entry after confirmation. 🎁 PROFIT TARGET (TP) - EXIT STRATEGY Primary Target: $0.00000900 Secondary Target: $0.00001019 (Technical golden cross) Tertiary Target: $0.00001280 (6-month upside potential) Why These Levels? Hull MA = POLICE BARRICADE - Acts as dynamic support/resistance barrier $0.00000900 zone = Oversold trap recovery + strong correlation support Previous resistance = Future support principle applies here Risk/Reward Ratio = 1:2+ (Excellent for swing traders) ⚠️ Important: TP selection is YOUR OWN CHOICE & RESPONSIBILITY. Lock in profits at levels that align with YOUR trading strategy. Consider taking partial profits (25-50%) at primary target, then trailing SL on remainder. 📊 TECHNICAL ANALYSIS FACTORS Bullish Indicators ✅ RSI Momentum: Currently 57.05 (Neutral-Bullish zone) Moving Averages: HMA slope turning positive Volume Profile: Exchange inflows declining = Accumulation phase 7-Day Performance: +14.20% outperforming crypto market (+4.50%) 24-Hour Action: Strong buying pressure above support levels Whale Activity: 167.99B SHIB ($1.18M) exited exchanges on Dec 31 = Institutional accumulation signal Risk Factors ⚠️ Large circulating supply (589.24 trillion SHIB) = Price scaling challenges Daily burn rate slowing = Deflationary pressure reduced September Shibarium bridge exploit = Some ecosystem trust issues Anonymous development team = Leadership transparency concerns 🔗 RELATED PAIRS TO WATCH (Correlation Analysis) Positive Correlations - Follow SHIB Moves: 1. DOGE/USD (Dogecoin) 🐕 Correlation Index: +0.85 Reason: Meme coin ecosystem + retail sentiment driver Action: If DOGE breaks $0.20, expect SHIB breakout confirmation Watch Level: $0.20-$0.22 resistance zone 2. ETH/USD (Ethereum) ⛓️ Correlation Index: +0.70 Reason: SHIB runs on Ethereum layer-2 (Shibarium) - Direct network dependency Action: ETH strength = Shibarium efficiency = SHIB upside Watch Level: ETH above $3,500 = Bullish for SHIB ecosystem Current ETH Price: $3,123.74 (+4.06% momentum) 3. BTC/USD (Bitcoin Dominance) 👑 Correlation Index: +0.69 Reason: Alt-season driver - When BTC rallies, alts follow Action: BTC above $90k = Alt coin money rotation confirmed Watch Level: Bitcoin dominance below 55% = Altcoin strength signal Current BTC Price: $89,904.63 (+1.45%) 4. SOL/USD (Solana) 🚀 Correlation Index: +0.65 Reason: Layer-2 network competition + ecosystem adoption race Action: SOL weakness = Potential SHIB strength divergence Watch Level: SOL support at $130-$135 zone Current SOL Price: $132.51 (+4.57%) 5. SHIBARIUM (BONE/USD) 🦴 Correlation Index: +0.95 (Highest correlation - Direct ecosystem token) Reason: Governance token + network utility token for Layer-2 Action: BONE strength = Shibarium adoption = SHIB ecosystem health Watch Level: BONE above $0.85 = Strong ecosystem signal Action: Track Shibarium RPC migration completion (Q1 2026) 6. Total Cryptocurrency Market Cap Correlation Index: +0.63 Reason: Risk-on/risk-off sentiment across all alts Action: Total crypto market cap above $2.5T = Favorable SHIB trading Watch Level: Watch for macro capitulation/recovery phases 📰 FUNDAMENTAL & ECONOMIC FACTORS (Real-Time Data - Jan 4, 2026) BULLISH CATALYSTS FOR 2026: 🔧 Shibarium L2 Technical Upgrades (Upcoming Q1-Q2 2026) Zama FHE Privacy Integration: Q2 2026 launch confirmed Brings on-chain privacy & confidential smart contracts Makes Shibarium competitive with privacy-focused chains Estimated Impact: +15-25% ecosystem value growth if executed RPC Network Migration: Early 2026 (post-security audit) Decentralizes network (removes single point of failure) Increases trust post-September bridge exploit Improves transaction reliability & developer confidence AI Technical Paper Release: Q1 2026 Partnership announcements with NVIDIA & Alibaba Cloud Positions SHIB in AI + blockchain convergence trend Enterprise adoption narrative strengthens Shibarium Layer-3 Rollout: Mid-2026 Faster transactions, multi-currency gas fees Improves UX for retail traders & developers Adoption potential + volume increase expected 💰 Market Sentiment Shifts (Early 2026 Data) Meme Season Starting: SHIB +17.95% since Jan 1, 2026 First green weekly candle in 2026 Retail FOMO entering the space = Volatility opportunity Momentum traders accumulating positions Whale Accumulation Signals: Exchange outflows: 167.99B SHIB ($1.18M) on Dec 31 Institutional buyers repositioning Futures open interest +9.39% = Leveraged long positioning Derivatives Market Heating: Open interest: +20% surge in early 2026 Indicates trader positioning for breakout Volume concentration = Price move likely ⚖️ Regulatory & Macroeconomic Factors: Positive Developments: CLARITY Act Potential: Crypto regulatory framework clarity could unlock institutional capital Coinbase Regulated SHIB Futures: Launched - Legitimacy + retail access Crypto Market Recovery: Bitcoin +1.45%, Ethereum +4.06% - Broad-based strength Lower Fed Rate Expectations: 17.7% odds of January rate cut = Liquidity increase favors risk-on assets like SHIB Risk Factors to Monitor: SEC Scrutiny: 60% of altcoins under review globally for potential restrictions September Shibarium Exploit: K9 Finance issued Jan 6, 2026 deadline for full restitution If not resolved: May trigger ecosystem departures If resolved: Major bullish catalyst + confidence restoration Anonymous Leadership: Shytoshi Kusama silent since early December Communication concerns post-exploit 2026 focus on "repair, focus & building to last" (per dev Kaal Dhairya) Less hype marketing = More serious infrastructure focus (Could be Bullish long-term) Supply Inflation Risk: 589.24 trillion tokens in circulation Daily burns slowed to ~3.2M SHIB (from billions earlier) Price scaling challenges without massive adoption 🎯 TRADE PROBABILITY FACTORS Bullish Case: 65% Probability ✅ Momentum breakout confirmed (7-day +14.20%) ✅ Whale accumulation signals strong ✅ Multiple 2026 technical upgrades lined up ✅ Broader crypto market recovery supporting altcoins ✅ Meme season retail FOMO entering Bearish Case: 35% Probability ⚠️ Large circulating supply limits upside scaling ⚠️ Regulatory headwinds could cause delisting risk ⚠️ Ecosystem restitution deadline (Jan 6) = Event risk ⚠️ Leadership transparency issues post-exploit ⚠️ Failed to rally with Bitcoin's 2025 surge = Relative weakness 💡 TRADER NOTES & STRATEGY TIPS For Swing Traders (3-14 days holding): Enter zones: First breakout above HMA + confirmed volume Scale in: Use 3 equal entries on dips within the trend Take profits: 50% at $0.00000900 (secure gains), 30% at $0.00001019, hold 20% for trend extension Use alerts: Set price alerts at key technical levels to avoid emotional decisions Risk/Reward: Maintain 1:2+ ratio minimum before entering Risk Management Checklist: Position size: Only risk 1-2% of account per trade SL placement: Confirmed after breakout (NOT before) TP scaling: Don't try to catch "the top" - take profits systematically Market context: Check Bitcoin dominance + overall crypto sentiment before entry Stop loss trails: Move SL to breakeven after +50% gain minimum Event Calendar for SHIB Traders (Q1 2026): Jan 6, 2026: K9 Finance ecosystem restitution deadline (Event risk) Q1 2026: Shibarium RPC migration completion expected Q1 2026: AI technical paper release with NVIDIA/Alibaba details Q2 2026: Zama FHE privacy upgrade rollout begins Mid-2026: Shibarium Layer-3 Alpha launch ⚠️ DISCLAIMER & RISK ACKNOWLEDGMENT IMPORTANT - READ CAREFULLY: This analysis is based on technical setups and market data AS OF JANUARY 4, 2026. This is NOT financial or investment advice. SHIB is a highly volatile cryptocurrency with meme-coin origins. 🚨 Risks involved: Cryptocurrency markets operate 24/7 with extreme volatility SHIB's large circulating supply presents scaling challenges Regulatory decisions could impact value substantially Past performance does not guarantee future results You can lose your entire investment 🎬 ACTION CHECKLIST FOR TRADERS Confirm Hull MA breakout on 4-hour timeframe Wait for volume surge above 20-day average Enter on breakout confirmation + hold above HMA Place SL at $0.00000750 (AFTER breakout) Set TP alerts at $0.00000900, $0.00001019, $0.00001280 Monitor Bitcoin dominance & Ethereum strength daily Watch Jan 6 K9 Finance restitution deadline Track Shibarium development milestone announcements Scale out profits (don't be greedy - secure gains!) Maintain proper position sizing & risk management Good luck, traders! May your profits be realistic & your losses minimal. 🚀💰
COINBASE:SHIBUSD
by The-Thief
2
SHIB/USD Momentum Building — Is a Upside Expansion Coming?SHIB/USD Breakout Blueprint — Bullish Run Loading…? 🚀📈 📌 Asset Overview SHIB/USD — “SHIBA INU VS U.S DOLLAR” Crypto Market Opportunity Blueprint (DAY Trade) 🧭 Trading Plan Plan: Bullish plan Entry: YOU CAN ENTRY ANY PRICE LEVEL 🛡️ Stop Loss Guidance Stop loss: This is thief SL @ 0.00000840, Dear Ladies & Gentleman (Thief OG's) Adjust your SL based on your startergy & own risk. Note: Dear Ladies & Gentleman (Thief OG's) iam not recommended to set only my SL. its your own choice you can make money then take money at your own risk. 🎯 Take-Profit Outlook Target: TRIANGULAR Moving average act as a strong resistance + overbought + trap is there so kindly escape with profits. OUR target @ 0.00001020 Note: Dear Ladies & Gentleman (Thief OG's) iam not recommended to set only my TP. its your own choice you can make money then take money at your own risk. 📡 Market Context & Key Technical Insight SHIB is now reacting strongly to triangular MA compression, signaling momentum buildup. Overbought conditions create potential trap-zones, so profit-taking discipline is important. Market structure remains bullish, buyers stepping in consistently on dips. 🔗 Related Pairs to Watch (Correlation + Key Points) 1️⃣ COINBASE:DOGEUSD — Dogecoin Often moves in parallel with SHIB because both are meme-driven assets. DOGE liquidity spikes usually lead SHIB volatility by a few minutes. Strong DOGE breakouts can indicate SHIB momentum continuation. 2️⃣ BITSTAMP:BTCUSD — Bitcoin BTC controls entire crypto risk sentiment. If BTC holds above intraday EMA clusters and trends bullish, SHIB gets risk-on support. Sharp BTC pullbacks may cause SHIB short-term weakness. 3️⃣ BITSTAMP:ETHUSD — Ethereum SHIB is built on Ethereum, so gas fees + network congestion can influence SHIB’s intraday ranges. ETH bullish breakouts often open liquidity for altcoins like SHIB. 4️⃣ COINBASE:SOLUSD — Solana Not directly correlated but competes for retail meme attention. If SOL rallies aggressively, retail flows may shift between meme-coins and high-beta L1 assets. 5️⃣ BINANCE:SHIBUSDT (Spot) Tracks most liquid version of SHIB trading. If SHIB/USD and SHIB/USDT diverge, it signals USD-index impact or exchange-based liquidity imbalances. 🧭 Summary This SHIB setup is a momentum-driven bullish opportunity, but smart exits are key due to resistance and overbought traps. Watch DOGE and BTC closely—they are the primary flow leaders determining SHIB’s intraday aggression.
COINBASE:SHIBUSD
by The-Thief
Shiba inu coin WATCH and READ !! wont regret at least lolmy long term vie on shiba inu inu with some related details and basically was just getting more and more everyday for a long time and thats why my average is 0.000014. by the way this is not financial advice . but im in and good news coming up, LIKE -> CLARITY ACT about to be sign, SHIBA inu coin etf including shiba inu coin, goverment shutdown eventually will be done and back running, does etfs will get approved plus shiba inu team adding Ai into their system starting december 1st. more institutional adoption coming on the way!!! this cycle willl be started by institutions and THEEEN hypeeee... be early....
COINBASE:SHIBUSDLong
by bboyfox123
"SHIB Short Opportunity – Quick Heist, Faster Exit!"🔥🦊 SHIB/USD CRYPTO HEIST PLAN – THIEF TRADER STYLE 🚨💰 🔥 Thief OG’s Assemble – Tonight we Rob the SHIBA Vaults 🔥 👑 Dear Ladies & Gentlemen, Fellow Money Thieves, & OG Robbers 🏴‍☠️💸 Welcome to the Bearish Robbery Plan for SHIB/USD. Strap in, we’re going in with Thief Layering Strategy™ – multiple limit orders to maximize the loot. 📉 ENTRY PLAN – LAYERING STYLE We don’t enter once… we layer the robbery. Multiple sell-limit orders stacked like a real thief’s toolkit: 💎 (0.00001250) 💎 (0.00001260) 💎 (0.00001270) 💎 (0.00001280) 👉 Add more layers if you want to spread your robbery wide. Remember: thieves don’t knock once, they pick every lock. 🔐 🛑 STOP LOSS (SL) – THIEF ESCAPE HATCH Our Thief SL is parked at 0.00001330 🚨 But hey, every OG knows – adjust your SL based on your risk appetite & robbery style. 🏃‍♂️💨 🎯 TARGET – POLICE BARRICADE AHEAD 🚔 There’s heavy police resistance around 0.00001400… so don’t get greedy! 🎯 Our loot target is 0.00001120 💰 – grab it, stash it, and disappear before the cops surround the vault. 📜 MASTER HEIST PLAN ❌ Trend: Bearish (Shiba vault is weak & exposed) 🧨 Method: Layered Sell Orders (Limit Entries) 🏴‍☠️ Risk: Controlled by Thief SL 💰 Reward: Escape with stolen profit @0.00001120 ⚠️ Trading Alert: Police patrol = market volatility (news, events). Avoid fresh robberies during major announcements. Use trailing SL to protect your stash. 💖 If you vibe with this Thief Trading Style™, hit that BOOST 🚀 & LIKE ❤️ to power up the robbery crew. Together, we rob the market, escape clean, and celebrate with champagne & profits. 🥂💵 📌 Disclaimer: This is a Thief-Style Robbery Plan, not financial advice. Rob responsibly.
COINBASE:SHIBUSDShort
by The-Thief
1
SHIB/USDT – Scaling Into a Bullish Breakout with Layered Entries🚀 SHIB/USDT (Shiba Inu) – Day Trade Setup 🐕🔥 📊 Trade Plan: Bullish Momentum We’re spotting a Simple Moving Average breakout + Ichimoku Kijun confirmation, signaling that Shiba Inu might be gearing up for a bullish push. Momentum traders, this is where the action gets exciting. ⚡ 🛠 Entry Plan Using a layered limit order strategy (stacked entries), which allows better scaling in. Suggested layers below 👇: 0.00001400 0.00001420 0.00001440 0.00001460 (💡 You can increase or adjust the layers based on your own strategy.) 🛡 Stop Loss (Risk Guard) A potential SL can be placed around 0.00001350, right after the breakout zone. ⚠️ Note: Adjust your SL according to your risk tolerance and personal trading style. 🎯 Target (Exit Strategy) Upside target is placed at 0.00001580, where strong resistance and possible overbought conditions may appear. This is the "take profit & step out gracefully" zone. ⚠️ Reminder: This is not a fixed TP suggestion—manage your exits based on your own plan. 🔗 Related Pairs to Watch Shiba Inu often correlates with other meme coins and ETH-related flows: BINANCE:DOGEUSDT 🐶 (moves in tandem with SHIB sentiment) BINANCE:PEPEUSDT 🐸 (new-gen meme coin hype correlations) BINANCE:ETHUSDT 🔑 (Ethereum gas activity impacts SHIB ecosystem) BINANCE:BTCUSDT 💰 (macro driver of overall crypto risk-on/off) Watching these pairs together can give more conviction on momentum shifts. ✨ “If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!” #SHIB #SHIBA #CryptoTrading #Altcoins #MemeCoins #DayTrading #TradingView #Ichimoku #MovingAverage #SHIBUSDT
Long
by The-Thief
Shiba Inu Sees Heavy Selling at 3-Week Price PeakShiba Inu is up 6.69% in the past week, with the token trading at $0.00001291. The meme coin is attempting to establish $0.00001285 as a support level, holding near its recent peak. However, maintaining this momentum appears difficult without strong investor conviction. If selling continues, SHIB could drop toward $0.00001252 or even lower to $0.00001182, erasing recent gains. On the flip side, if Shiba Inu price successfully defends the $0.00001285 support, a rebound may follow. In that case, SHIB could push toward $0.00001391, which would invalidate the bearish outlook and signal renewed strength.
by BeInCrypto
SHIB Long Entry Heist Plan – Bullish Setup in Trap Zone🦹‍♂️💸 SHIB INU Market: The Silent Heist Plan Is Live! 🚨💰 Thief Trading Style | Swing & Scalping Blueprint | High-Risk Zone Masterplan 🌍 Hello Global Robbers & Market Raiders! 🤑💥 Welcome to another secret mission straight from the vault of Thief Trading Style. We're eyeing the SHIB INU Crypto Market, and the time has come for a stealthy bullish strike! 🧠 The Blueprint – Operation SHIB-INU Break-In We’re executing a bullish move towards the Yellow MA Zone, a high-risk territory filled with consolidations, trap setups, and a potential reversal. The battlefield is tight, but the rewards are sweet for those who play it smart. 🎯💸 🔑 ENTRY STRATEGY – “Vault Access Granted” 🚪📈 💥 Entry Type: Buy/swing 💡 Zone: Pullback entries near swing lows (within 15–30m timeframes) 🕵️‍♂️ Stealth Entry – Wait for candle signals or limit orders near key liquidity zones. 🛡️ STOP LOSS – “Secure the Exit” 🛑🔐 📌 Placed just below recent swing low at 0.00001050 (30m TF) 🎯 SL adapts to your lot size, trade size, and number of entries. 🏴‍☠️ TARGET – “Escape Before Alarms Go Off” 🎯💨 💰 Target: 0.00001350 ⏳ Optional: Trail your SL and exit on signs of exhaustion. 💼 Scalpers’ Side Mission – “Quick Loot Runs” 🧲⚡ Scalp only on the Long side; use trailing SLs and follow the robbers’ path. Big wallets? Enter now. Small bags? Wait and follow the swing wave. 🕶️🚀 🧠 Strategic View Market sentiment remains bullish, but the zone is volatile. Use macro analysis, COT data, on-chain insights, and sentimental clues for confirmation. 🧠📊 ⚠️ Important Notice – Market Hazards Ahead 📉📰 🔔 Watch out for major news releases! ✔️ Avoid new trades during high-impact events. ✔️ Use trailing SLs to guard profits. ✔️ Monitor market developments regularly – stay one step ahead. 💖 Support the Mission If you love this robbery blueprint, 💥Hit the Boost Button💥 and join the Thief Trading crew for more profitable adventures! Every click fuels our next plan. 🏆💪❤️ 📢 See You in the Next Raid! Stay tuned for more high-stakes missions and daily loot setups! 📲 Follow for the next crypto break-in. 🐱‍👤🚨 Thief Traders never sleep... we scan, we strike, we secure the bag.
CAPITALCOM:SHIBUSDLong
by The-Thief
Shiba Inu AnalysisShiba Inu Analysis Shiba Inu has recently experienced a downtrend, breaking through a significant support level. Currently, it appears to be retesting this level; however, this remains unconfirmed until the candle closes. In my view, it would be prudent to await the closure of the current candle before contemplating a short position. I also believe that the pair is still aligned with the broader downward trend and has yet to complete its downward movement. I would be interested in hearing your perspective on Shiba Inu's current market behavior. Please remember that market conditions can change rapidly, and it is essential to conduct thorough analysis and consider risk management strategies before making any trading decisions. Cheers!
COINBASE:SHIBUSDShort
by sirkamal
1
SasanSeifi| Will the Uptrend Continue? Key Levels to Watch! 👇previous analyses Hey there, ✌ Based on previous analyses, the price encountered significant demand around the 0.000013 range. With a strong momentum breakout through the supply zone and surpassing the 200-period moving average, the price successfully reached the second scenario target of 0.000020, showing an impressive growth of approximately 50%. However, without confirming a stable position above the 0.000020 level, the price retraced as outlined in the projected scenario. It was noted that the price reacted to the EMA, highlighting the 0.000015 level as a crucial support zone. If this support holds and confirmation is achieved in lower timeframes, the price could once again rise towards the 0.000020 range and even higher targets. As observed, the price was met with renewed demand after maintaining the specified support zone and surged toward the 0.000023 – 0.000025 target range and the 0.000030 level, achieving an additional 83% growth. 👇NEW analyses Currently, after this rally from the 0.000030 level, a negative reaction has caused a pullback toward the 0.000022 area. The outlook leans bullish. The scenario to consider is that, with the 0.000021 level holding and confirmations in lower timeframes, the completion of the pullback could lead the price to a long-term target at 0.000032 and a liquidity zone around 0.000038. Maintaining the critical levels of 0.000021 – 0.000020 is essential. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
2
Shiba Inu / SHIB analysisShiba Inu price today is $0.000012 with a 24hour trading volume of 300 million dollar. SHIB price is up 45% since last month SHIB is a meme token which began as a fun currency and has now transformed into a decentralized ecosystem. during the initial launch, 50% of the supply was allocated into Vitalik Buterin's ethereum wallet. The price of SHIB has soared from as low as $0.000000000056 to an all time high of $0.000084, that is a 1500X times increase within 8 months. some call it Dogekiller too! welcome to crypto zoo!! Shiba Inu lead developer Shytoshi Kusama hints at rising development activity as Shibarium Beta launch date comes near. but lets talk about the chart most of charts looks the same and waiting for break out , I personally took profit and waiting to see can bulldogs break 0.000013 if yes then longing to 0.000014 make sense. if btc goes down then we can back to 0.00001
by moonypto
18
SHIB (Shiba Inu) Technical Analysis & Short Trade SetupSHIBA INU has been experiencing significant selling pressure, compromising its previous bullish trend and indicating a potential reversal. The 50% Fibonacci retracement level presents a logical entry point for a short position. As the market seeks liquidity, price action could target previous swing lows. Consider initiating a short position on #SHIB at the 50% Fibonacci retracement level with targets at previous swing lows, employing a strict stop-loss above the recent swing high. Important Disclaimer: This analysis serves as a technical perspective and should not be treated as direct financial advice. Conduct your own thorough due diligence and implement sound risk management strategies before executing any trades.
Short
by fxtraderanthony
SHIB SHIBA INU Technical Analysis and Trade IdeaShiba Inu has been trending downward lately, but the price action has stabilized into a sideways range over the past few days. Although I remain bearish overall, entering a short position requires confirmation. Specifically, I would need the price to break below the current support level, followed by a retest and failure to hold that level. Remember, this is solely my personal analysis and should not be considered financial advice.
Short
by fxtraderanthony
Shiba Inu Burn Frenzy: Community Incinerates 44 Million SHIB the self-proclaimed "Dogecoin killer," has witnessed a remarkable surge in its burn rate, soaring by a staggering 232.85% within the last 24 hours. The Shiba Inu community took the reins in this burning frenzy, incinerating a whopping 44.09 million CRYPTOCAP:SHIB in a bid to reshape the tokenomics of the meme coin. Despite the enthusiastic burn campaign, the Shiba Inu price chart has experienced a 3.27% drop over the past day, sparking curiosity and concern within the crypto community. The Burn Report: Data from Shibburn, a platform dedicated to providing insights into Shiba Inu burning activities, revealed the extraordinary surge in the burn rate. The community's active participation led to the incineration of 44.09 million CRYPTOCAP:SHIB within a 24-hour period, with two significant transactions to dead wallets playing a pivotal role. The first transaction saw 13.63 million CRYPTOCAP:SHIB moved to a dead wallet, followed by a massive 30.46 million CRYPTOCAP:SHIB in another transaction. This remarkable burning spree has fueled optimism among traders and investors as the community strives to enhance the SHIB tokenomics. Market Reaction: Contrary to the burning enthusiasm, the Shiba Inu price chart paints a different picture. Currently trading at $0.00000910, the meme coin has witnessed a 3.27% decline in the past 24 hours. The market cap and trading volume have also experienced notable decreases of 3.27% and 21.39%, respectively. Despite these downturns, proponents of Shiba Inu believe that the recent burning frenzy could provide the necessary impetus to bolster prices in the near future. Community-Driven Tokenomics: The Shiba Inu community's proactive involvement in the burning process showcases a commitment to shaping the tokenomics of the meme coin. By voluntarily transferring substantial amounts of CRYPTOCAP:SHIB to dead wallets, community members aim to reduce the circulating supply and potentially drive up the value of the remaining tokens. This grassroots effort reflects a unique approach to fostering community engagement and influencing the trajectory of Shiba Inu in the broader crypto landscape. Future Prospects: As the Shiba Inu community continues its burning campaign, the crypto market eagerly awaits the potential impact on the meme coin's price. Despite the recent price drop, enthusiasts remain optimistic that the significant reduction in circulating supply could lead to a positive shift in Shiba Inu's valuation. The ongoing burning chronicle, driven by community initiatives, adds an intriguing layer to the narrative surrounding Shiba Inu, making it a token to watch in the evolving crypto landscape. Conclusion: Shiba Inu's burn frenzy has undoubtedly captured the attention of the crypto community, with enthusiasts closely monitoring the impact on tokenomics and market dynamics. While the recent price drop raises questions, the community's dedication to burning millions of CRYPTOCAP:SHIB reflects a unique strategy to influence the meme coin's future. As the burning saga unfolds, Shiba Inu remains a captivating and dynamic player in the ever-evolving world of cryptocurrencies.
COINBASE:SHIBUSD
by DEXWireNews
SHIB INU Price Analysis (30 Min Chart)Here's what I'm seeing in today's 30 min chart . SHIB NEEDS to hold this current area of support around .00001204 IF SHIB Wants to continue on to the upside.If this happens, SHIB will most likely go back up and test the next area of around .00001255 -.00001308. AND then .00001365 LVL will be looking pretty reachable from here. IF SHIB Cant hold this current Support Zone, we will see the coin drop back down to the .00001140-.00001201 LVLS With LOADS of SUPPORT around the .00000989 - .00001047 LVL . Thanks for looking! Have a great day everyone.
by owenNations
5