Tag Archives: Shiba Inu (SHIB)

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...

Bitcoin continues with its untypically flat price movements as the cryptocurrency has stalled around $61,000 once again. Most altcoins have marked minor losses in a day, while Shiba Inu has recovered roughly 20%. Shiba Inu Bounces Off Most of the altcoin space is in the red today after the recent gains. Ethereum, which saw new all-time highs just days ago, is down by a bit more than 1% on a 24-hour scale and stands below $4,500. Cardano has slipped to $2, while Ripple,...

Shiba Inu (SHIB) has seen its price fade over the past few days. Measured since its all-time high, it dropped more than 50% earlier today, before recovering slightly to where it currently trades. Many in the cryptocurrency are currently playing the “I told you so” card as the price of Shiba Inu (SHIB) is down almost 50% since its all-time high charted just a week ago. The tides seem to have turned considerably as the euphoria that the market saw back then has now turned to...

Key Support level: $0.000047 Key Resistance level: $0.000054 SHIB’s bullish momentum has vanished and now the coin seems to be back to reality – a point that we discussed in the last analysis. After SHIB broke below the descending triangle in blue, the selloff started and has not faded one bit since. It’s another day of major losses for SHIB holders as the coin drops a further 20%. The exit sign was given when the bottom of the triangle became resistance after being support...

The US Senator Cynthia Lummis does not believe memecoins such as Shiba Inu (SHIB) and Dogecoin (DOGE) are “here to stay.” She opined that Bitcoin (BTC) is the only decentralized commodity, while the rest of the crypto assets behave like securities. Memecoins Are Not Like Bitcoin Despite garnering a lot of attention and tapping new all-time highs during 2021, investors should beware when dealing with memecoins like Shiba Inu and Dogecoin, asserted Republican Senator Cynthia...