Tag Archives: Shiba Inu (SHIB)

Key Support level: $0.000030; $0.000034 Key Resistance level: : $0.000038; $0.000047 SHIB has managed to exit the downtrend, and the price is currently moving sideways. The resistance at $0.000038 has so far stopped SHIB from going higher. The current support is found at $0.000034, and SHIB could continue moving sideways until a breakout takes place. Chart by TradingViewTechnical Indicators Trading Volume: The volume has increased ever since SHIB bounced off the $0.000030...

Another year has passed, and we saw a number of exciting trends come and go in the cryptocurrency market. One that surely had a long-lasting impact is the trend of memecoins led by none other than Shiba Inu (SHIB). New research conducted by Global Data reveals that the social media conversations, including Shiba Inu (SHIB), have increased by a whopping 16,000% in 2021. By this metric, the meme-inspired cryptocurrency and self-proclaimed Dogecoin killer dwarfs every other coin...

The healthcare services firm “Ask the Doctor” recently added 31 billion Shiba Inu (SHIB) tokens to its balance sheet. However, the company’s support towards the memecoin did not last much. The fact that Shiba Inu’s founders have not revealed their real identities shows that the project is a scam, “Ask the Doctor” claimed. The latter even vowed to take it a step further and go to court. From Approval to Denial Until today, the Toronto-based telehealth company – “Ask the...

Key Support level: $0.000030  Key Resistance level: : $0.000034 After SHIB arrived at the $0.000030 support level, the price action intensified, and the cryptocurrency made a quick dash above the descending wedge (in blue) in a clear bullish move which we anticipated in the last SHIB analysis. Now, the price sits just under the key resistance at $0.000034. The next move from SHIB will be decisive. Chart by TradingViewTechnical Indicators Trading Volume: Volume exploded on...

Key Support level: $0.000030  Key Resistance level: : $0.000034 SHIB has finally arrived at the $0.000030 support level which has the best chance to reverse the current downtrend. This is because this level was the previous all-time high from October and should act as strong support. Moreover, the downtrend is forming an ending diagonal wave with converging lines based on Elliot Wave theory (see in blue). A break from this triangle can take the price to the resistance at...

Flexa Network has announced Friday that it will support Shiba Inu’s native cryptocurrency – the SHIB token. As such, users will be able to pay with SHIB at what the company claims to be a network of over 40,000 merchants. Flexa is a payments network that partnered with Gemini – one of the leading US-based cryptocurrency exchanges back in 2019. Now, the company announced that it would support SHIB – the native cryptocurrency of the Shiba Inu ecosystem. Let’s get a head start...

The hype behind canine-themed coins may have declined, but that has not stopped prominent trading venues from adding support for Shiba Inu (SHIB). It has now managed to fetch a listing from Luxembourg-based Bitstamp. Besides SHIB, the exchange also added Perpetual Protocol (PERP), dYdX (DYDX), and Gala (GALA). Bitstamp Lists Shiba Inu (SHIB) According to the official announcement, Bitstamp will enable its users to trade SHIB against the US dollar and the Euro, i.e., SHIB/USD...

Over the weekend, BitMart suffered a large-scale security breach. It can be counted as one of the most devastating attacks to date wherein the hackers managed to siphon off $196 million worth of cryptocurrencies after compromising a private key that opened two hot wallets. But the communities of Seychelles-based Huobi and Shiba Inu (SHIB) have announced support to assist BitMart. Huobi, Shiba Inu Communities Lends Support According to a recent development, Huobi has vowed to...

Yesterday, pseudonymous ETH whale “Gimli” bought 28 billion SHIB for $1.2 million. Gimli has a months-long history of stacking the infamous memecoin, which is now the 13th largest crypto by market cap. Stacking SHIB WhaleStats – a Twitter account analyzing the movements of the richest 1000 ETH wallets – called attention to the transaction yesterday. Apparently, Binance sent exactly 28,236,296,316 SHIB to Gimli for $1,204,823. With the latest purchase, Gimli now holds a...

Key Support level: $0.000048; $0.000044 Key Resistance level: : $0.000055; $0.000062 Two days ago, we hinted that SHIB might be preparing for a bull run. Yesterday, this was confirmed when the cryptocurrency broke above the descending wedge (in blue, this is a bullish formation). With this breakout, the buyers flooded into SHIB, and volume spiked, taking the price all the way to $0.000054 at the time of this post. This is a 35% price increase in the span of a day. The key...