Tag Archives: Shiba Inu (SHIB)

The cute Shiba Inu puppy bit the bloodthirsty Kraken and infected it with bullishness. Kraken, the eighth largest cryptocurrency exchange in the world according to Coingecko, announced today that it would start supporting the trading of Shiba Inu (SHIB), a Dogecoin-inspired cryptocurrency that has gained a lot of popularity after the boom of the meme tokens during the COVID-19 lockdown. Trade Shiba Inu On Kraken… NOW! The exchange doesn’t want to wait another second for its...

Key Support level: $0.000035; $0.000032; Key Resistance level: : $0.000039; $0.000044; SHIB’s latest drop in price found support on the $0.000035 level, and the price appears to approach the end of this bullish descending wedge highlighted in blue on the chart. The big question is if SHIB can break away and rally to end the correction. A first signal that this could be taking place is if SHIB will manage to turn the $0.000039 resistance into support. If that happens, there is...

Trends in the cryptocurrency industry tend to change rather quickly. People’s attention can go all in a particular asset but could disappear just as quickly. This seems to be the case with the hottest digital asset of the past few months – Shiba Inu. It was everywhere. From its mind-boggling price surges to different companies trying to get on board to catch the wave, Shiba Inu’s name was discussed left and right not only on crypto media outlets and Twitter but also on more...

Key Support level: $0.000042; $0.000039;  Key Resistance level: : $0.000044; $0.000050;   Despite the previous attempt from the bulls to keep the price of SHIB inside the descending triangle, they have lost momentum, and now the price is sitting on the next support level found at $0.000042. After SHIB broke below $0.000044, this level turned into the current resistance. Unfortunately for the bulls, SHIB’s situation, at the time of this writing, doesn’t seem very promising...

Whoever thinks that meme cryptocurrencies are useless at this point might want to revise their expectations. A recent study suggests that in much of the United States, people are more interested in puppy-themed meme coins like Dogecoin or Shiba Inu than in the big serious projects that claim to be a financial revolution. Although Bitcoin and Ether occupy more than 60% of the total marketcap of all cryptocurrencies, during 2021, Dogecoin and Shiba Inu have won the hearts of...

Key Support level: $0.000044; $0.000032 Key Resistance level: : $0.000050; $0.000055 SHIB’s price was in a very dangerous area yesterday when it broke below the support level at $0.000044. There was panic and despair in the market, with most SHIB holders starting to doubt their investment. Fortunately, the bulls reversed the downtrend today and got the price back into the blue triangle, which gives temporary relief, at least. However, the bears managed to push SHIB lower, and...

The largest grantmaker in the United States – Fidelity Charitable – has reportedly beaten all its previous records in terms of cryptocurrency donations received by the organization. Since the beginning of 2021, it has accepted nearly $274 million in digital assets. Crypto Donations Smashed The Records The news was reported by the British business newspaper City A.M. Keeping in mind the pace of the donations, they can even surpass the $300 million milestone by the end of the...

CoinDCX, one of India’s leading cryptocurrency exchanges, has listed the popular meme coin Shiba Inu (SHIB) on its retail-oriented application. Despite the country’s questionable regulatory stance on cryptocurrencies, Indian investors generate millions of dollars worth of daily trading volume on various exchanges. One of the leading trading venues is CoinDCX, and it recently announced that they are listing Shiba Inu (SHIB) on their retail-oriented CoinDCX application. The...

Key Support level: $0.000044; $0.000032 Key Resistance level: $0.000055; $0.000063 SHIB’s recovery from the drop last week was impressive, but bulls failed to push the price above the key resistance at $0.000063, and bears took control again, pushing it under $0.000055, which now also acts as resistance. This leaves SHIB with the support found at $0.000044. If the bulls fail to step up soon, a retest of the support becomes likely. Failure to hold there and the next support...

Key Support level: $0.000055 Key Resistance level: $0.000063 SHIB recovered most of the losses from this past week with a 50% rally yesterday in a considerable price swing. However, the big question is if  SHIB made a lower high. At the time of this post, SHIB is still trying to move above the key resistance at $0.000063. A failure to close above it would confirm the lower high, and that would likely lead to bears taking control of the price again. The price is currently...