Tag Archives: SHIBUSD

As crypto markets reignite this week, the infamous memecoin Shiba Inu is also seeing some newfound price action. However, a look at the token’s holder count wouldn’t exactly suggest a revival of consumer interest. According to data from CoinMarketCap, the number of on-chain addresses holding SHIB has declined by over 60,000 within the last two weeks. Specifically, there were 1,199,453 token holders on March 16th, as opposed to 1,135,593 as of March 28th. This downward trend...

Bitcoin kept climbing yesterday and registered a new three-week high at just over $45,000. On a daily scale, though, most alternative coins have lost some traction, but the crypto market cap has reclaimed the coveted $2 trillion mark. Bitcoin Touched $45K Bitcoin’s price trajectory in the past several days has been predominately upward. The asset scared the bulls on Monday that it could dip below $40,000 for the first time in a week, but they regained control over the market...

After 80% correction since reaching its ATH, positive news about Shiba is popping and might cause a trend reversal. However, the SHIB price is facing challenges from a technical standpoint on its way up. The Daily Chart Technical Analysis by Grizzly On the daily timeframe, Shiba Inu’s SHIB is trading inside a falling wedge, which is a textbook bullish reversal pattern. The wedge was tested its upper boundary several times over the past month. The price is currently struggling...

Non-fungible tokens continue to make headlines, but it seems that not all projects can maintain their previous valuations. One particularly hyped drop that took place last year – The Shiboshis – is down over 70% since all-time high. This is the official NFT project of the Shiba Inu team – one of the most popular memecoins. CryptoPotato reported earlier in 2021 on the Shiboshis: a collection of 10,000 non-fungible tokens depicting ‘lovable creatures.’ The sale took place in...

After dipping to $40,000 yesterday, bitcoin went on the offensive and tapped $42,000 to mark a near 10-day high. The altcoins have also turned green today, with Ethereum eyeing $3,000 and Avalanche soaring by over 9%. Bitcoin Sees a 9-Day High The primary cryptocurrency experienced enhanced volatility last week when it suddenly pumped by $3,000 in minutes from $39,000 to nearly $42,000. However, the situation reversed shortly after, and the asset retraced just as quickly to...

The adverse price developments in the crypto market continued, with bitcoin dropping below $40,000. Most altcoins are deep in the red as well, with Terra losing 7% and BNB dropping to $380. Bitcoin Lost $6K in 3 Days The ongoing war between Russia and Ukraine harmed all financial markets upon its start, but bitcoin managed to recover all losses immediately when the West refused to get directly involved. It kept climbing, reclaimed $40,000, and even soared to a three-week high...

Key Support level: $0.000023 Key Resistance levels: $0.000028 SHIB fell below the critical level at $0.000028, which has now turned into resistance. The next support is found at $0.000023. The current downtrend in price is unlikely to stop until SHIB reaches the key support. Chart by TradingViewTechnical Indicators Trading Volume: The volume remains low and gives no indication of recovery. Sellers have dominated the chart so far. RSI: The daily RSI fell under 50 points and is...

Bitcoin’s troubles only intensified in the past 24 hours as the asset dropped by a few thousand dollars again to a 16-day low of $38,000. The altcoins are deep in the red as well, with Ethereum at $2,600, Cardano well below $1, and AVAX beneath $80. Bitcoin Dumps Again It’s safe to say that bitcoin has seen better days which weren’t all that long ago. Just on Tuesday and Wednesday, the cryptocurrency recovered from its latest dump to $42,000 and jumped to nearly $45,000....

The bears continue to put pressure on the crypto market as bitcoin dropped below $40,000 for the first time in two weeks. The altcoins are also deep in red once again, with Ethereum sliding beneath $2,800 and massive price drops from Solana, Avalanche, MATIC, and others. Bitcoin Struggles Around $40K It was just three days ago when the landscape around the largest cryptocurrency seemed significantly more bullish. The asset had recovered from its latest dips to $42,000 and...

Key Support level: $0.000028 Key Resistance levels: $0.000034 SHIB appears unable to rally above the current key support at $0.000028, and this most recent attempt was quickly stopped by the bears. This price action may lead the cryptocurrency to retest the key support and put pressure on buyers again. The key resistance at $0.000034 remains well defended so far. Chart by TradingViewTechnical Indicators Trading Volume: The volume is falling. For this reason, the key support...