Tag Archives: SHIBUSD

Shiba Inu is back in the spotlight with a massive rally. Key Support levels: $0.0000025 Key Resistance levels: $0.000037 1. Massive Rally in Progress SHIB’s buyers came in force in late February and took the price to levels not seen since 2022. Since then, SHIB’s price has increased by over 300%, which is an impressive achievement in such a short time — especially from a technical perspective. The current resistance is at $0.000037, and if buyers continue pushing at this...

Shiba Inu’s native token has been demonstrating bearish price action over the past few weeks since getting rejected at a critical resistance level. Yet, a more severe decline may still occur in the short term. Technical Analysis By Edris The SHIB/USDT Chart On the USDT-paired chart, the price has been rejected from the $0.000011 resistance level, leading to an impulsive drop below the 50-day and the 200-day moving averages located around the $0.0000085 and $0.0000095 levels,...

SHIB bounced, but failed to move above the key resistance. Key Support levels: $0.0000080, $0.0000070 Key Resistance levels: $0.0000085, $0.000010  1. Rejection at Key Resistance The price found support at $0.0000080 and tried to move higher but was quickly rejected once reaching the resistance at $0.0000085. Since then, the cryptocurrency fell back on the key support, which is now put under pressure again. Chart by TradingView2. Sellers Dominate In the past nine days,...

On Wednesday, Shiba Inu (SHIB) developers appeared on stage at the Blockchain Futurist Conference in Toronto to discuss the “End Game” for Shibarium – the meme token’s metaverse and NFT-oriented layer 2 blockchain. The team said that the Shibarium mainnet has gone live, allowing developers to begin building apps on the blockchain. The ecosystem will include “Shibdentities,” a proof of personhood solution that lets users retain control of their data and privacy. Shibdentities...

Another day – another failure for Bitcoin to break away from its current range around $29,000. The primary cryptocurrency’s volatility has fallen to historic lows and the rest of the market doesn’t seem too exciting either. But there’s one barking exception. Bitcoin Stagnates at $29K They say there’s never a dull moment in crypto, but if you’re mostly following the performance of large-cap coins throughout the past week, you can probably see that this can be a bit of an...

Shiba Inu is in a clear uptrend, and momentum still favors bulls. Key Support levels: $0.0000080 Key Resistance levels: $0.0000094   1. Clear Higher Highs The price has been making higher highs since late June, and SHIB has not stopped since. This puts the price in a clear uptrend which could take SHIB to the key resistance at $0.0000094. However, in the process, this meme coin also appears to have formed a bearish wedge which could see the price break under it once the key...

Dogecoin-killer Shiba Inu spiked on Thursday after one of the ecosystem’s lead developers revealed new functionality that will affect NFTs within the upcoming Shibarium ecosystem. The upgrade will let users link NFTs to real-world assets to provide authentication and proof of ownership for physical items. Shibacals: Proof of Ownership On Shibarium Shibarium is a metaverse and NFT-focused layer 2 blockchain that will operate using the Shiba Inu ecosystem’s three tokens: SHIB,...

According to CoinGecko research, the residents of the United States seem the most interested in memecoins such as Dogecoin (DOGE), Shiba Inu (SHIB), Floki Inu (FLOKI), and Pepe Coin (PEPE). India and the United Kingdom rank respectively second and third.  Despite being the first memecoin, DOGE has lost its leading position in numerous countries. Morocco is the only nation in the top 10 where Elon Musk’s favorite digital asset captured the most interest.  The Trends This Year...

Novotel Bahrain Al Dana Resort reportedly became the first hotel in the country to accept cryptocurrencies as a means of payment.  Other hotels located on the Arabian peninsula that embraced digital assets during the past several months include W Dubai – The Palm and Palazzo Versace Dubai. Entering the World of Crypto According to recent coverage, Novotel Bahrain Al Dana Resort partnered with Eazy Financial Services to allow guests to settle accommodation bills in...

Shiba Inu was the most popular crypto in new wallets over the past week, an on-chain analytics firm recently found. Banking was a boring subject for the Baby Boomer generation, but in the Internet of programmable money, finance is fun. If asked to guess what they thought was the most popular first coin for new crypto adopters over the past week, many people would probably guess Bitcoin. But that doesn’t seem to be the case. Neither is it the number two crypto by market cap,...