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Shiba

Resistance Breakout Challenge and Downward Trend ReturnThe SHIB token has encountered difficulty in surpassing the resistance level in recent weeks, failing to achieve a decisive breakout above the $0.00000890 threshold. Ideally, a confirmation candle should have followed this breakthrough, but instead, a notably bearish candle emerged. Consequently, the overall downward trend of Shiba Inu has persisted, leading it back to the lower boundary of a short-term descending channel within the $0.00000780 range. Maintaining support within the crucial $0.00000780-$0.00000700 range is of utmost significance for Shiba Inu, as successfully doing so could facilitate a robust recovery for the cryptocurrency. Presently, the price remains approximately 12% above the lowest point of this support range. However, a breach of this support level, as previously mentioned, would indicate an extended period of decline for Shiba Inu. Should Shiba Inu demonstrate positive responses at its current support level, there is potential for growth following the establishment of a range-bound trend.
by MonoCoinSignal
10
Shiba Inu SHIB and the US Debt CeilingNegotiators from Democratic and Republican parties finalized an agreement on Sunday night. Instead of raising the limit to a specific level, they have opted to suspend it entirely until 2025. This strategic move ensures that their bills can be paid until that date, while also guaranteeing that the next battle to raise the ceiling will not coincide with the upcoming presidential election. The resolution of the debt ceiling issue brings optimism and stability to the financial landscape, which has a positive ripple effect on the cryptocurrency market. Bitcoin and the broader crypto market stand to benefit from increased investor confidence, reinforced safe-haven status, enhanced institutional adoption, regulatory clarity, and the overall positive impact on global markets. SHIB/USDT Entry Range: $0.00000800 - 0.00000910 Price Target 1: $0.00000990 Price Target 2: $0.00001100 Price Target 3: $0.00001260 Stop Loss: $0.00000700
Long
by BuySellMarketMaker
🔥 PEPE vs SHIBA: Entering Accumulation ZoneA few weeks ago I made an analysis on PEPE vs SHIBA where I discussed how PEPE and SHIBA are alike and potentially following the same kind of price action. Now that we're a couple of weeks further, it's time to see how PEPE is performing against the historical price action of SHIBA. As seen on the chart, we're following a very similar pattern (1-2-3). Initial pump after Binance listing, huge sell-off (1), 100% recovery (2), continued selling followed by a small recovery (3). In my eyes, PEPE is currently in an accumulation phase, just like SHIBA did in 2021. Not sure yet how long this accumulation takes and how low we potentially can go, but I'm fairly certain that PEPE will pump again at some point in the future. If we follow SHIBA very closely, expect PEPE to sell-off towards the ~90 area in the near future. If we find strong support there we might pump 50%, just like SHIBA did back then. A speculative bet, but nevertheless a very profitable one if it plays out.
Long
by FieryTrading
6
🔥 SHIBA High Risk / Reward Reversal: Oversold BounceSHIBA is trading inside a sideways wedge pattern. This pattern has been playing out for nearly a year now, so the expectation is that the support will cause some kind of bounce. A less risky approach would be to take profits around 1000 instead of 1300. To add to this analysis, the 3-day RSI is approaching oversold levels very rapidly. An oversold 3-day RSI can often cause a major long-term bottom to be set.
Long
by FieryTrading
19
MIMIR: Algorithmic Trading Unveiling Massive Potential with $0.6We conducted a thorough analysis of MIMIR, comparing it to over 500 volume coins, and the results indicate that MIMIR has a promising potential for a good return. This is due to the introduction of a new level of ALGORITHMIC TRADING SCAN. The $0.025 Target is very important for the coming time, which could lead to an increase in MIMIR's trading volume. Considering the maximum supply of this coin is 100 million, with a market capitalization of around 40-60 million, it is feasible for MIMIR to reach the $0.60 Target. However, it's important to always conduct your own research and be aware of the risks associated with investing in any meme coin. This update will be documented as an ALGORITHMIC TRADING update. We will continue to monitor this meme coin both in the short term and the long term.
Long
by Goldenbreakout
2
Potential Growth and Support LevelsDuring the preceding week, SHIBA has demonstrated a sustained presence within the support range of $0.00000872-$0.00000852, forming a short-term range channel. This channel is positioned at the lower end of Shiba's descending channel in the short term. In the forthcoming days, a breach of the channel's upper boundary may indicate potential growth for Shiba, targeting the resistance levels at $0.00000950 and $0.000010. These resistance levels reside at the upper limit of the descending channel and hold significant importance for Shiba's price movement. The current support range, if upheld, presents a favorable demand area for the short and potentially medium term. A breach of the channel's upper boundary could lead to an upward trajectory towards higher price targets.
by MonoCoinSignal
1
Pepe Overtake Shiba Inu or going to zero - The Meme War SagaPepe minting millionaires in its first month. Has ZERO utility and is a playground for whales to pump and dump their friends. However the steam may not have ended and this is the moment of truth for our friend Pepe. If we can create a higher low here, I think there’s reason to believe Pepe could head to 0.000006. However with the massive downfall there will be tons of selling along the way, so can Pepe fight it’s way through or will we see an early death? Only play with what your willing to loose. Best of luck to my fellow degens.
by Theia_
🔥 PEPE vs SHIBA: Comparing Two Meme Tokens' First DaysPEPE and SHIBA are arguably very much alike. Both are so called meme tokens which made incredible returns in a span of a couple of weeks. Millionaires were made here. As with all highly traded tokens, both arrived at Binance at some point in their lifetime. As with a lot of tokens, the fact that it's arrived on Binance is not necessarily bullish in the short-term. The announcement is bullish, but once trading opens there's a high probability for a dump. Buy the rumor sell the news. SHIB dropped nearly 90% in the first month after it arrived on Binance. PEPE has dropped around 65% within the first 4 days. Although there's definitely a decent probability for a nice reversal, we should also consider the fact that PEPE can drop much lower. On the other hand, once PEPE has stabilized it would likely be a decent time to start buying in anticipation for a potential pump (10x!) like SHIB. Remember that PEPE will most likely follow a different path than SHIB did back in 2021. Trading based on fractals is ill-advised, but can still offer some guidance on what we can potentially expect.
Short
by FieryTrading
16