Tag Archives: Shiba Inu (SHIB)

After a short pullback, SHIB appears keen to move higher and challenge the next critical resistance at $0.000037. Key Support level: $0.000029 Key Resistance levels: $0.000037 SHIB had seen a short-term spike as buyers were impatient following the descending channel’s breakout. Today’s bullish engulfing candle indicates that SHIB can continue higher and challenge the key resistance at $0.000037 very soon. On the other hand, the key support level at $0.000029 and was...

Canine-themed tokens’ rally as Shiba Inu (SHIB) led the recovery on Monday. Amidst a renewed bullish momentum in the market, SHIB rose by more than 24%. Several other altcoins also posted decent surges as well, while Bitcoin (BTC) settled for a modest 3% over the past day. Top 100 SHIB Holders According to the latest stats compiled by WhaleStats, the top 100 SHIB holders control more than a quarter of the total supply of the memecoin. Several cryptocurrency whales have...

Key Support level: $0.000023 Key Resistance levels: $0.000030 As indicated yesterday, SHIB closed in on the key resistance at $0.000023, which has now been firmly broken and turned into support. Once the price moved above this key level, the volume exploded, and the cryptocurrency rallied towards $0.000030, which is now acting as new resistance. This breakout ends the downtrend, which has lasted since November 2021. The big question now is if SHIB can make a higher high or...

SHIB has reached a critical resistance level. A break above would mean that SHIB could likely go for a short-term price rally following a series of bearish weeks. Key Support level: $0.000018 Key Resistance levels: $0.000023, $0.000026 At the time of this writing, SHIB is facing the critical resistance of $0.000023, which is the only barrier preventing the price from exiting the downtrend that started back in November 2021. A successful break of this level would likely propel...

The team behind the popular memecoin has forayed into its first “real-world” venture by partnering with a small Italian fast-food brand called Welly’s. The duo promised healthy, not just fast food options, and to grow globally together. The announcement from Shiba Inu developer – Shytoshi Kusama – explained that the memecoin’s team chose Welly’s because they were looking for someone who shares the same values. As such, they refrained from partnering with “huge centralized...

After some hard days, SHIB is starting to give clear bullish signals that may emerge in the renewal of a possible price rally. Key Support level: $0.000018 Key Resistance level: $0.000023 While SHIB continues to consolidate under the key resistance at $0.000023, the MACD has turned bullish. The longer price maintains its current level the higher the chance for a breakout. The support at $0.000018 is unlikely to be retested if this momentum continues. Chart by...

Sandeep Nailwal, the co-founder of Polygon (MATIC), revealed today that India’s CryptoRelief will be sending 100 million USDC from Vitalik Buterin’s last year SHIB donation back to him. Last year in May, Vitalik Buterin donated 50 trillion SHIB tokens to India Covid Relief Fund. Tweeting on the matter, Nailwal revealed the reasons for which they made the decision to send $100 million of the donation back to Buterin. He explained that him being an Indian presents certain...

Key Support level: $0.000018 Key Resistance level: $0.000023 SHIB’s misfortunes started in October 2021, and ever since then, the price has been in an uninterrupted downtrend. Every time there was a hope of a reversal, the bears returned stronger. This past Saturday, SHIB made a new lower low and found support at $0.000018. The resistance is now found at $0.000023, and bulls are trying to challenge it again after an earlier failure to move SHIB’s price above it. Chart by...

After the NFT mania last year, the Metaverse became the main focus for crypto insiders and outsiders in the past few months. With numerous entities aiming to get on board, the latest project to outline such intentions is Shiba Inu. The team behind the project, which gained traction during the memecoin explosion in the summer of 2021, announced its plans yesterday on Twitter. The so-called “first surprise of the year” coming for the ShibArmy reads that Shiba Inu is heading...

Robinhood, the financial services company with a popular trading app, recently launched cryptocurrency wallets. In an interview with Emily Chang of Bloomberg Technology, the company’s CPO, Aparna Chennapragada, noted that many customers are enthusiastic about delving into the new product. More Crypto Features in Robinhood App CryptoPotato reported recently the company’s plans to launch a cryptocurrency wallet as the number of users engaging with such assets on Robinhood kept...