In Brief Shiba Inu drops 30% in 30 days but shows mixed signals for a potential trend reversal. RSI recovers from oversold levels, while BBTrend turns positive, indicating cautious buying interest. EMA lines remain bearish, suggesting persistent selling pressure despite short-term recovery signals. Shiba Inu (SHIB) has been trading well below $0.000020 for the past…
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In Brief SHIB’s price drops 21% over 30 days, with whale activity declining to a month-low, signaling potential distribution. RSI recovers from oversold levels but remains neutral at 44.9, showing no strong momentum in either direction. Breaking $0.0000205 support could lead to a further 11.9% decline; resistance at $0.000022 is critical for recovery. Shiba Inu…
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In Brief Shiba Inu’s lead developer, Shytoshi Kusama, has announced the WHY Combinator initaitive for the meme coin. This is a decentralized program aimed at fostering innovation and adoption within the Shiba Inu ecosystem. The initiative introduces over 30 tech tools, dubbed the 36 Chambers of Tech, focusing on AI, and Web3 gaming. Shiba Inu’s…
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In Brief Shiba Inu (SHIB) surged 14% in 7 days, with a $14B market cap, but weakening momentum hints at potential consolidation or reversal. RSI at 60.8 indicates a bullish phase with room for gains, but declining ADX and rising selling pressure suggest growing bearish sentiment. A golden cross could push SHIB to $0.0000298, but…
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In Brief The Shiba Inu ecosystem is evolving rapidly by integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This advancement extends to SHIB: The Metaverse, enabling users to buy virtual land using Ethereum or SHIB. Shiba Inu is preparing to launch the TREAT token, reinforcing its evolution from a meme coin to a robust blockchain ecosystem. The…
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In Brief Shiba Inu’s development team has completed a critical security upgrade for the Shibarium bridge. This update prepares the ecosystem for an upcoming hard fork to improve network performance. The enhancements are designed to further accelerate Shibarium’s growth and innovation in the space. The Shiba Inu development team has successfully implemented an emergency security upgrade for…
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In Brief Shiba Inu rallies 36% to a five-month high, forming a bullish “Golden Cross” pattern, signaling possible continued growth. The Golden Cross boosts investor optimism, but with 30% of holders in profit, potential profit-taking could pressure SHIB’s price. SHIB targets $0.00002976 resistance; failure to break through could prompt a pullback to $0.00002267, testing the…
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In Brief Shiba Inu’s price has been in a consistent downtrend since the beginning of March. As a result, investors have stepped away, given participation is at a six-month low. The MVRV ratio is currently in the opportunity zone, signaling accumulation. Shiba Inu (SHIB) price is facing the consequences of the ongoing downtrend, which…
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In Brief Shiba Inu’s price has been consolidated for the past month and might continue moving sideways. The meme coin failed to capitalize on the recent meme coin craze due to selling by investors. The altcoin also faces a resistance of $1.54 billion worth of SHIB that would become profitable after a 19% rally. While…
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In Brief Shiba Inu’s price is stuck within a downtrend despite multiple fakeouts noted in the past two months. SHIB whales have been exhibiting skepticism since the beginning of March, which is evident in their selling. The meme coin is following Bitcoin’s footsteps and could potentially end up being a victim of corrections. Shiba Inu (SHIB) is…
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