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SHIB : Does SHIBA INU Have a Future?🤔📉Hi Traders, Investors and Speculators of Charts📈 Shiba Inu (SHIB) was initially created as a joke, based on the popular Shiba meme. However, unlike prior meme coins such as Dogecoin, SHIB operates as an ERC-20 token on top of the Ethereum blockchain, which means that the Shiba Inu network has access to a range of decentralized applications (dApps). This is one of the reasons that Shiba Inu is often referred to as the “Dogecoin killer.” There is a fixed supply of one quadrillion SHIB tokens but Shiba Inu utilizes a token burn strategy, including manual and automatic burns, to manage token value and stabilize prices. The current circulating supply of Shiba Inu is 589.28T . There is a larger network of cryptocurrency projects built around Shiba Inu, including: 👉 Shibaswap — a decentralised exchange (DEX) 👉 Shibarium — a layer 2 scaling solution for Ethereum 👉 Shiba Eternity — a play-to-earn (P2E) game 👉 Shib.io — the Shiba Inu metaverse 👉 Shiboshis — a non-fungible token (NFT) collection In terms of future prospective, SHIB offers a unique value proposition as a meme-based cryptocurrency that has real dApps built around it. While most meme coins disappear quickly, Shiba Inu has the potential to continue building a community that can stand the test of time. The fact that Shib is still around and has such a large community has to count for something. But let's talk about the biggest problem and obstacle to the price - the supply. In December 2023, Shiba Inu (SHIB) lead developer Shytoshi Kusama has teased that the project might undertake a massive burn soon. According to Kusama, almost $1.2 million worth of SHIB tokens might face incineration. SHIB's burn rate has taken a back seat in 2023, with sporadic, untimely burns occurring randomly. The effect of this is evident on the chart, as the price fails to make new highs under the pressure of infinite amounts of coins/supply/sellers. 💭My personal take is this - Shiba Inu can be traded, and if a big burn occurs it will definitely be bullish for the price... but for how long? For now, the supply is the biggest downside and until the burn-rate is improved, it's a big chance to take based on a "tease". If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck CRYPTOCAP:SHIB BINANCE:SHIBUSDT
CRYPTOCAP:SHIB
by CryptoCheck-
1
SHIB LOOKS BEARISH (4H)SHIBA seems to have a bearish structure and move downwards in hourly time frames. We have falling OF (order flow). Recent internal structures have accumulated LQs (liquidity) and formed a resistance zone. It is expected that by hitting this resistance zone, we will be rejected towards the lower ranges. In the lower part, we have a liquidity pool. With this downward structure, the price is expected to move towards this liquidity soon Closing two 4-hour candles above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Short
by behdark
DOGE RUN IS OVER! TAKE PROFITS OR HOLD YOUR BAGS TILL 2025!Its clear that the doge run is pretty much over. DOGE is headed back down to $.05 and possibly lower over the next few years to maybe below 1 cent, till the next potential crypto run around 2025. These little pumps from Elon and friends is all just a joke so they can empty their bags and have the liquidity to do it while everyone else is buying in to these hypes. I said this weeks ago if you look at my other chart that this thing needs years to consolidate and correct. It outpaced the market in its run and went straight up and in this market anything that goes straight up comes straight down. Also there is no use case and DOGE is not being used, this is all a hype run and a get rich quick pump and dump. Once the rest of the market starts the next run up DOGE may have a bounce but only in dollar value as everything is pegged to Bitcoin but its BTC/DOGE ration will fall. If you believe in the tech then hold your bags and stop looking at the price. If you are just trying to make some money then this may be the time to get out and take profits if you haven't already or cut your losses if you bought in at the top. Good Luck. If you have any questions or just appreciate this idea then leave me a comment. Follow me for frequent updates as well and if you have a chart you would like me to look at then let me know. Thank you all and good luck. NOT FINANCIAL OR TRADING ADVICE JUST MY OPINION.
BITTREX:DOGEUSDShort
by Bitgolder
45
SHIB: Three Hills & a MountainFindings I believe I have discovered a Three Hills & a Mountain pattern on the SHIB hourly and daily charts. I recently posted about the same formation on ApeCoin which gives me the impression that certain altcoins are experiencing similar trading activities while Bitcoin consolidates. Bitcoin appears to be on the brink of a correction which could bring us to the 61.8% Fibonacci level where significant buying pressure should occur and begin developing the third hill. COINBASE:APEUSD Three Hills & a Mountain Publication Trend Analysis Both of the proposed hills are of unequal magnitude which is why I do not believe this is a Three Drives pattern. While there was a brief decline beneath the 61.8% level before forming the second hill, the drop was insignificant and stayed in close proximity. On the 1W chart there is a Double Bottom "W" pattern forming which I have detailed in an earlier publication a few weeks ago; the Three Hills and a Mountain supports the W projection as the price target is around 0.000016. W Pattern Publication The volume is rising with increasing values and the succeeding hill has increasing volume as well, indicating bullish momentum. Should the pattern keep up I believe we will see a large spike in volume within the first half of the third hill. COINBASE:SHIBUSD
COINBASE:SHIBUSDLong
by Shepherd_Investor
SHIB Shiba Inu Price Prediction after the BTC ETF approvalIf you haven`t bought SHIB before that big rally: Then you should know that the price of SHIB Shiba Inu will be affected by the approval of the Bitcoin ETF this week. Some of the biggest asset managers on the entire planet are going to release a BTC ETF: Blackrock $9.3 Trillion Fidelity $4.5 Trillion Franklin Templeton $1.53 trillion Invesco $1.5 Trillion. BlackRock expects Bitcoin ETF approval on Wednesday, in-line with Bloomberg's January 10 deadline. I expect the approval to a buy the rumor, sell the news event. Employing the strategy of "buy the rumor, sell the news," traders strategically capitalize on market movements by entering positions based on speculative information. This approach involves opening positions on rumors and closing them when the anticipated news is officially announced, typically resulting in a profit. A retracement in the price of SHIB Shiba Inu, after the news, probably to $0.00000850, would be a buying opportunity for a year-end rally, in my opinion.
by TopgOptions
Unraveling the Shiba Inu Conundrum: Burn Frenzy Shiba Inu ( CRYPTOCAP:SHIB ) has once again taken center stage with a whirlwind of developments. As the broader market experienced a downturn, Shiba Inu's community intensified efforts to bolster the coin through an unprecedented burn frenzy. However, the unexpected outcome has left investors and enthusiasts questioning the dynamics behind SHIB's recent rollercoaster ride. The Burn Frenzy and Shibarium Buzz: The recent surge in the SHIB burn rate, soaring by an astronomical 3,963%, has sparked both excitement and concern within the Shiba Inu community. This surge is particularly noteworthy given the community's intensified efforts to cut the token supply amid the recent price declines. A notable contributor to this surge is the heightened interest in Shibarium, a layer-2 blockchain introduced by the Shiba Inu team in 2023. The ecosystem's push towards decentralization and efficiency through Shibarium has fueled enthusiasm among investors. However, the burn frenzy's impact on SHIB's price has not followed the anticipated trajectory. SHIB Burn Stats and Anomalies: According to Shibburn, a platform dedicated to tracking CRYPTOCAP:SHIB token burns, over 1.21 million CRYPTOCAP:SHIB tokens were burned in the last 24 hours alone. Notably, a significant transaction involved the transfer of over 1 million CRYPTOCAP:SHIB tokens from an unidentified wallet to a dead wallet. This move raises questions about the motivation behind such transfers and their potential impact on SHIB's supply dynamics. Despite the staggering burn rate, the SHIB price experienced a 6% dip in the last 24 hours, leaving investors puzzled about the expected correlation between burn rates and price movements. Shiba Inu's Market Position and Demand Surge: As of January 4, 2024, Shiba Inu stands as the 17th largest cryptocurrency with a market capitalization of $5.67 billion. Despite the recent price decline, SHIB has witnessed a surge in demand, with the trade volume soaring by 66.73% to $301.51 million in the last 24 hours. This surge in demand is juxtaposed against a week-long decline of over 11% in SHIB's price. The Historical Perspective: To contextualize the recent developments, it's crucial to note that Shiba Inu is currently 89.12% down from its all-time high of $0.00008845, achieved in October 2021. Despite this, the coin's 1-month returns, buoyed by an initial upward trend in December, recorded a 7% gain. Conclusion: The Shiba Inu community's burn frenzy, fueled by the introduction of Shibarium and the intensified efforts to reduce token supply, has added an intriguing layer to SHIB's journey. As investors navigate the market turbulence and attempt to decipher the dynamics at play, one thing is clear: Shiba Inu remains a cryptocurrency of both volatility and resilience, with its future intricately tied to the ongoing developments within its vibrant and dedicated community.
COINBASE:SHIBUSDLong
by DEXWireNews
Shiba Inu Burn Rate Soars 83000% As Whale Shifts 4 Trillion SHIBShiba Inu Burn Rate: Shiba Inu has gained significant traction within the broader crypto market as the SHIB burn rate rockets to 83000% amid major whale activity. Shiba Inu Burn Rate: One of the most popular meme coins, the Shiba Inu cryptocurrency, captivated significant attention throughout the broader crypto market today. With the Shiba community witnessing a colossal surge in the SHIB burn rate, a whale transaction detected also appears to have stirred up speculation among crypto market enthusiasts. Furthermore, with the SHIB tokenomics witnessing a gust of developments, the token’s price also appears to have surged phenomenally. Meanwhile, the price also ditched one zero from its value, igniting interest among crypto traders and investors. SHIB Burn Rate Surges Amid Whale Activity The Shiba Inu burn rate over the last 24 hours catapulted a whopping 82896%, evoking bullish market sentiments among crypto market fanatics. Moreover, the token noted 23 million SHIB coins burnt at the time of writing. In the interim, the community marked a total of 410.67 trillion coins burnt from the initial supply. What’s even more intriguing is Whale Alert, a platform providing on-chain data, recently revealed a massive whale transaction amid the burning of coins. Concerning the data, an unknown wallet, 0xda2d9398…95bbe536f9, transferred 4.23 trillion SHIB to another wallet, 0x824ca70d…d5d9d066cd. The coins transferred amounted to $42.21 million as of today, December 9. The colossal whale activity amid the meteoric burn rate appears to have triggered an immense bullish market sentiment for the SHIB token. Furthermore, it also seems like the token is eyed by many smart money wallets, aligning with its price pump. Shiba Inu Price Maintains Price Rally. The self-proclaimed Dogecoin killer, Shiba Inu’s price noted a jump of 3.02%, reaching $0.00001033 at the time of writing. Besides, the coin also marked a substantial increase of 23.12% during the past seven days, accompanied by a monthly pump of 19.91%. Moreover, the token also shredded a zero from its value recently. Although the coin’s price underwent volatile trading in recent weeks, the SHIB cryptocurrency appears to be portraying a promising outlook in the near future.
COINBASE:SHIBUSDLong
by DEXWireNews
SHIB/USDT Anticipating a Bullish Breakthrough? 👀 🚀SHIBA INU 💎Yello Paradisers, let's dive into #SHIBUSDT latest market moves. Currently trading in a demand zone, It is gearing up for a critical test of its supply level. A successful breach could pave the way for a robust bullish movement. 💎 Tracing #SHIBAINU recent path, we've seen it adeptly navigate a descending trendline. It recently broke above this line and, following a retest, continued its bullish trajectory. Now, as CRYPTOCAP:SHIB approaches the supply zone at $1141, a slight pullback might occur before it potentially breaks through, which could lead to tackling a more formidable supply level. 💎 But let's not get ahead of ourselves. In the unpredictable world of crypto, #SHIB traders need to be ready for various possibilities. If CRYPTOCAP:SHIB struggles to surpass the supply zone and loses momentum, pivoting to a recovery plan from the support level of $962 is crucial. 💎 Importantly, a downturn below this support level would signal a need for a strategic overhaul. Such a turn might mean reassessing the bullish outlook and tweaking trading strategies to align with the evolving market scenario. 🌴💰
Long
by MyCryptoParadise
SHIBA INU Technical Analysis and Trade Idea SHIBDelving into the dynamics of Shiba Inu, this video offers a keen analysis. While recent trends have favored a bullish run, the current scenario unveils a pivotal moment as SHIB encounters a significant resistance level. Throughout our discussion, we dissect the prevailing trend, intricate price actions, market structures, and explore potential trade concepts. It's paramount to clarify that this video serves an educational purpose solely. Its insights are not intended as financial advice but rather as a guide through the intricacies of market analysis and trade strategies.
Long
by fxtraderanthony
SasanSeifi 💁‍♂ SHIB / USDT DAILY Hey there! In the daily timeframe, as you can see, the price has been accompanied by buying demand from the 0.00000670 range. With the break of the 0.00000733 resistance, it managed to move into the supply zone. Currently, after the growth from the supply zone, it has encountered negative reactions and is trading in the price range of 0.00000770, indicating a range-bound movement. A potential scenario to consider in the daily timeframe is as follows: If, after the consolidation, the price can break above the significant resistance range of 0.00000800 and consolidate, there's a possibility of further growth towards the specified targets, as shown in the image. The important support ranges are at 0.00000740. Alternatively, if the price falls below the support range and consolidates, there's a possibility of a price correction to the support zone at 0.00000670. The potential trend is also depicted in the image above. As always, it's essential to conduct your analysis and consider additional factors before making any trading decisions. Good luck! If you found this analysis helpful, please show your support by liking and commenting. Thank you! 🚀😊 ❌ (DYOR) ⭕Of course, if you have any more inquiries or require further clarification, don't hesitate to reach out. I'm here to assist you!✌
by SasanSeifi
2
Shiba Inu (SHIB) Failing to Reach New Highs In comparison to other altcoins, SHIB has shown a less pronounced upward trend. Since October 15, the asset has gained 40%, but its chart is marked by frequent corrective movements, preventing SHIB from reaching new highs. Currently, the asset is trading within a consolidation range, trapped between a support zone of $0.0000085-$0.0000088 and a resistance zone of $0.00000923-$0.00000964. Should the upward trend persist, SHIB could potentially reach local highs at $0.00000981 and even $0.00001. To attain its 2023 high, the asset needs to increase by an additional 75%, leaving room for considerable growth. Any corrective patterns in BTC could similarly impact SHIB. In this case, the memecoin might drop below its present support zone, potentially testing levels of $0.00000830 and $0.00000772-$0.00000805. Similar to the situation with DOGE, using limit orders for SHIB currently poses a significant risk.
COINBASE:SHIBUSDLong
by DEXWireNews
Step 6 - Go to the Beach! 🏖️😽International cats day yesterday so let's start with something meaningful: Love and protect animals. We share this planet with them and we tend to be the nasty species. The stupid humans we are, polluting and shitting all over the place till we destroy it together with all life.... we are the 'animals' my fellow humans Now let's talk crypto: It all starts with the usual Fomo (Fear of missing orgasms) when Shiba pumps on major news (Shiba going De-fi with Shibarium and Binance gives it a nice boost, check links below). First thing i do is check fundamentals. They are many and positive (links below) so i say 'Yes, we need to get on this..but how?' Step 1: Not eating the FOMO (fear of missing out...) FOMO is real and is always a bad actor. The beauty of crypto is that you NEVER EVER miss the train! There are always stops to get on the train, in both directions. Step 2: Given this I was quite comfortable to take a calculated Short position while some Shiba holders where taking their profits! Short to 0.0000090 instead of fomo-ing with a tight stop loss and controlled risk. Step 3: Taking profit (x6 the risked margin) I always follow my charts and sometimes i am right, sometimes I am wrong. Close to 0.0000090 was an area that had to be checked as support. And it did. That was time to take profit from short position and finally look for a Long entry which was the Goal. Step 4: Time to go Long. That was the plan after knowing the fundamentals. Ethereum dog is a key player, can go strong and i was finally ready to Buy my shares in it. Only this time it was with a x6 budget. As always the chart is my map to the treasure. Going Long with a calculated risk, on support 0.00000880 and a stop loss just below that *I am no God, this actually worked the second time! And that's the beauty of it. Step 5: Taking profit back to where it all started. If we had entered spot we would had been at break even. Instead we are at a 6x6= 36 ALWAYS secure profit. Thus closing half position while still another half remains open. Always take some profit if the markets have been nice to you. Always leave something open just in case you feel the Fomo again (welcome to crypto!)! Step 6: Going to the beach for a break. Unfortunately i don't have a dog but there are other animals there to keep me motivated. Mostly female humans in bikinis. In the meantime Shiba might take a break now before eventually probably rising to 0.0000111 with a possible new retracement to 0.0000095. Who cares now? Job is done: ✔️Profit has been taken on short ✔️Profit has been taken on Long ✔️1/2 position is still open ✔️Stop loss is on guaranteeing more profit in any case Will Shiba go to 1$? No, it won't. Check it's supply of a billion trillion tokens (on a serious note, the current circulating supply of SHIBA INU is 589 trillion) Shiba is Ethereum's Dog. Vitalik and his hungry gas fed freaks will feast on anything that burns gas (your money) and makes Ethereum money. Either this is Unibot, Shiba or anything stupid like Xen, some NFTs and all the non-sense out there). Yes, some of it is GREAT but most of it is non-sense. Shiba will need to burn a LOT of tokens to rise over 0.0000118..if it goes there first which will depend on BTC and ALTS market in general. One Love, The FXPROFESSOR 😽🌭 Links/fundamentals: Shiba Inu Takes Step to Become DeFi Contender With Digital IDs: www.coindesk.com Binance approves Shiba Inu as collateral asset: cointelegraph.com Shibarium Launch Nears: u.today - don't forget, I was never a big fan of shiba..was actually short for a long time:
Long
by FX_Professor
11
SHIB's Market PositionSHIB is currently fluctuating between key supply and demand areas. At this juncture, it's advisable for traders to hold off on engaging in transactions until SHIB interacts with one of these critical zones. This strategy is based on the broader, long-term bearish trend indicated by the descending trendline. However, it's important to note that if Shiba breaks through this trendline, there's potential for a shift towards an upward trajectory. This break could signal a change in market dynamics, presenting an opportunity for traders to reassess their positions in anticipation of a possible bullish reversal. This analysis is for informational purposes only and should not be considered as financial advice.
by MonoCoinSignal