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SHIB Burn Rate Rockets 3,400%, Yet Price Faces Bearish PressuresA Surge in Supply Reduction The Shiba Inu ecosystem has once again sparked investor interest as its burn rate surged by an astounding 3,400%, reducing the circulating supply by over 2 billion SHIB tokens. This significant burn, executed by key wallet addresses, signals a concerted effort to decrease supply and drive long-term value through scarcity. Over the past week, a total of 4.23 billion SHIB tokens were burned, reflecting a broader trend that aligns with the fundamental law of supply and demand. Recent large-scale purchases by a major SHIB whale further underscore growing institutional interest, contributing to an optimistic outlook. These strategic burns and acquisitions set the stage for a potentially bullish future as the reduced supply could lead to upward price pressure. Technical Analysis Despite the fundamental optimism, Shiba Inu's current price action paints a mixed picture. At the time of writing, CRYPTOCAP:SHIB is down 6%, trading around $0.00002813. It recently formed a bearish pattern, but crucially, the daily chart reveals a developing bullish flag—a pattern that often precedes significant upward breakouts. The Relative Strength Index (RSI) stands at 51, indicating neutral momentum. This provides ample room for CRYPTOCAP:SHIB to break the current wedge pattern and push higher, should buying pressure intensify. The coin's monthly gain of 70% suggests that the recent dip could be a temporary consolidation before another upward thrust. What’s Next for CRYPTOCAP:SHIB ? Shiba Inu's combination of strong community support, a rising burn rate, and significant whale activity lays a robust foundation for future growth. While the current dip reflects short-term market corrections, the underlying fundamentals suggest that CRYPTOCAP:SHIB could be preparing for a breakout. We predict a doubling in price if the bullish flag pattern holds and the burn rate continues to impact supply. Investors should watch key support levels around the 38.2 % Fibonacci retracement, as any sustained move above this level could signal a new bullish phase. Conclusion: Shiba Inu's recent burn rate surge is more than just a statistical anomaly—it’s a signal of strong community-driven efforts to reduce supply and enhance value. Combined with its growing ecosystem and solid technical setup, CRYPTOCAP:SHIB may soon reward patient holders. The question isn’t if Shiba Inu will rebound; it's when.
Long
by DEXWireNews
RIZZMAS... next SHIB!???Five key points explaining why it might be worth considering: High Token Supply: With 500 billion tokens in circulation, Rizzmas ensures significant market liquidity, making it accessible for trades​ Recovery from Historic Lows: While the token has fallen 75% from its all-time high, it has rebounded by 170% from its lowest price, indicating a potential recovery trend​ Low Entry Price: With an average price of $0.000046 per token, it offers an affordable entry point, allowing smaller investors to accumulate a significant quantity of tokens​ Popularity of Meme Coins: Like Dogecoin and Shiba Inu, Rizzmas is part of the meme coin category. Such coins can exhibit high volatility but often capture significant attention and trading volume during their peaks​ Availability Across Platforms: Rizzmas is available on both decentralized exchanges like Raydium and centralized exchanges like Gate.io, providing accessibility for a wide range of traders​ For me, it looks like high risk. Use your risk management. JB.-
Long
by JBPip
Shiba Prints a Triangle, When Will It Break?Here on COINBASE:SHIBUSD we can see recent Price Action is outlining a Triangle Pattern having Pushed up through the Sept. Highs after the Pro-Crypto Trump Administration won the Presidency, and being rejected from May Highs! Price has been able to find Minor Support in the .000023 - .000022 area, but based on Tests 1 and 2 of the Falling Resistance showing Less Volume with each touch, Buyers seem to be losing their strength. Every Trendline needs at least 3 Tests to Validate their Strength and Probability of holding Price and we are currently waiting on that 3rd Test potentially in the .000027 area. -If the Falling Resistance is able to hold Price, we could see it decline to the nearest area of Structure being the Support from the Sept. Highs @ .000021 - .000020 -If the Falling Resistance is broken, Price creating a new Higher High must be followed by a significant amount of Volume Validating the Break otherwise it could be a False Break! The 200 EMA and DSR have printed a Golden Cross increasing the probability of Bullish moves to come! Indicators: - Price Trading Above 200 EMA - RSI Above 50 - BBTrend Printing Green Bars
COINBASE:SHIBUSDLong
by Novi_Fibonacci
SHIBUSD: Expecting a massive pump soon.Shiba Inu just turned bullish on its 1D technical outlook (RSI = 59.750, MACD = 0.000, ADX = 25.625) but practically remains ranged inside a Bull Flag. As long as the 1D MA200 supports though, the trend will be bullish, coming off the HL Zone and a 1D Golden Cross. The Golden Cross before that (December 1st 2023) led to a similar Bull Flag, which after testing and holding the 1D MA200, it broke upwards aggressively to a +575% rise. We expect a similar outcome (TP = 0.000073). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:SHIBUSDLong
by InvestingScope
2
MEMEFI ... next x10-100 upcoming! 5 reasons to buy MEMEFI right now... Fundamental Analysis: Innovative Concept: MemeFi combines meme culture with decentralized finance (DeFi) on the Sui blockchain, offering a unique and engaging gaming experience. Community Focus: The game emphasizes social interaction and community involvement, which can drive user engagement and retention. Token Economy: MemeFi has a rich token economy that rewards players for their participation, making it attractive for both gamers and investors. Strategic Blockchain Choice: By choosing the Sui blockchain, MemeFi benefits from lower transaction fees and faster processing times, enhancing user experience. Future Growth Potential: The project has a solid roadmap for future development, indicating potential for long-term growth and increased value. Buy by spot and keep your risk management. JB.-
Long
by JBPip
6
SHIB looks bullish (1D)SHIB seems to be bullish. From where we put the red arrow on the chart, it looks like a triangle is formed, and we are now in wave E of this triangle. By hitting the green range, we expect another pump from SHIB. The targets are marked on the picture. Closing a daily candle below the invalidation level will violate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
3
#SHIB/USDT#SHIB The price is moving in a bearish channel on a 4-hour frame and is adhering to it to a large extent The price rebounded well from the green support area at the support level 0.000022000, which is a strong level. We have a trend to hold above the Moving Average 100, which is strong support for the rise We have very strong oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher Entry price is 0.00002350 The first goal is 00.00002570 The second goal is 0.00002700 The third goal is 0.00002900
Long
by CryptoAnalystSignal
1
DOGE vs SHIB | UPSIDE POTENTIAL | Which is Better for ALTSEASON?DOGE and SHIB have one thing in common : both are meme coins - and that is probably the only thing. They each take turns to pump and dump, based on their position in the Total Cryptocurrency by Market Cap Rank. One of these, stands to gain much more than the other due to a few reasons as pointed out in the analysis. Which one are you rooting for this altseason? Speaking of altseason; don't miss yesterday's important update on BTC, Bitcoin Dominance, TOTAL3 and altseason: _________________________ BINANCE:DOGEUSDT BINANCE:SHIBUSDT
Long
by CryptoCheck-
3
WIF daily 100% gains buy/hold V-shape recovery setup for bulls🔸Hello guys, today let's review daily price chart for WIF . Noteworthy V-shape recovery in progress, with a decent sequence of higher lows, so overall chart looks good for further gains. limited downside currently. 🔸Strong gains previously in September/Octber, right now re-accumulation in progress so expecting more gains in this market in November 2024. 🔸Recommended strategy bulls: bullish structure and compression in progress. Accumulate near market price in the highlighted zone. Price target for the bulls is 4.50 USD, so it's a 100% BUY/HOLD trade setup. good luck traders. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
CRYPTO:WIFUSDLong
by ProjectSyndicate
11
SHIB Swing Long Idea -SHIBA Memecoin TrendSHIB is the second-largest memecoin of all time, and I believe it hasn't reached its full potential yet. We've recently seen huge rallies in DOGE and BONK (refer to my previous analysis, where we captured over a 50% rise in BONK in just two days). I expect SHIB and DOGE to continue surging in the coming weeks. Notably, SHIB hasn’t reached its Spring 2024 high yet, unlike other memecoins, which gives me additional confidence that SHIB has much more room to grow. Technical Analysis: Price is rebounding from a monthly demand zone and has created a weekly demand zone by breaking the bearish trendline that has governed the downtrend since Spring 2024. I'm expecting a retracement back to the weekly demand (marked as the purple zone), which aligns with the Optimal Trade Entry (OTE). It may retrace as far as the trendline, or it may not. I'll be looking for confirmations within the purple zone, labeled 'Max Discount Zone. SL: 0.0152 TP: 0.0456 (Spring 2024 high)
BINANCE:1000SHIBUSDT.PLong
by UA_CAPITAL
SHIB USDT updateThe analysis is in daily time form, so it takes a little time. Based on the base that was formed below, I sent my analysis, which fortunately was flawless I checked it more closely today, not much has changed, but I sorted it out and with more precise targets Friends, there is no doubt that Shiba is bullish, but it is necessary for this trend to close above 30 candles with a strong body and turn this range from 27 to 29.5 into a strong support. So, in my opinion, it is still too early to say that his promotion is certain Wait for it to come above this range, close the candle and then safe entry for those who are still waiting for the opportunity to buy. Shiba's support: 0.00002628 0.00002450 0.00002313 Shiba resistors: 0.00002958 0.00003300 0.00003915 Shiba targets: near: 0.00004699 0.00006942 Round: 0.000105 0.0001412 0.0001644
Long
by delshad1522