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Tag: shiba inu

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Shiba Inu (SHIB) Stalls During Meme Coin Frenzy, Continues Consolidation

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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Shiba Inu (SHIB) Price Is Poised to Drop This Weekend

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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The Bullish and Bearish Case for Shiba Inu (SHIB) Price

In Brief SHIB may reach new highs or sink due to key technical levels. Bullish SHIB signals hint at a potential rise to $0.000072323. Bearish risk if SHIB dips below $0.000021, may trigger selling. Shiba Inu (SHIB) stands at a critical point. As traders watch closely, SHIB faces potential turning points that could propel it…
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Shiba Inu (SHIB) Bounces at Golden Ratio: Implications for Price?

In Brief Shiba Inu (SHIB) bounces off golden ratio support, triggering a bullish surge. Factors like market sentiment and resistance levels will determine SHIB’s uptrend. Despite recent gains, SHIB faces resistance levels and a potential short-term downturn. After reaching the golden ratio support, Shiba Inu (SHIB) experienced a bullish bounce. How far the price might…
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Shiba Inu (SHIB) Price Analysis: Predicting Further Consolidation or Breakout?

In Brief SHIB average transaction size saw a significant 60% decline over four days, hinting at a potential wane in investor interest. The RSI for SHIB remains overbought, signaling possible upcoming corrections. Consolidation is apparent in the EMA lines, implying that SHIB price might stabilize this week. The Shiba Inu (SHIB) price has seen a…
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Shiba Inu’s (SHIB) Shibarium TVL Surges 170% in Two Days

In Brief Shibarium has experienced a significant surge in Total Value Locked (TVL). This surge is primarily attributed to the introduction of DAMN meme coin. Still, Shiba Inu ecosystem witnessed a notable decline in SHIB’s burn rate. Shibarium, the Layer 2 blockchain within the Shiba Inu (SHIB) ecosystem, has reached noteworthy milestones, indicative of its…
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Here Is Why Shiba Inu (SHIB) Price Could Drop By 23% Soon

In Brief SHIB average transaction size dropped by 50% in the last two weeks, indicating Shiba could be losing momentum. Its RSI is still in the overbought stage, which could indicate more corrections are coming soon. EMA Lines are forming a potential bearish scenario, which could cause the coin to enter a downtrend. The Shiba…
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Shiba Inu’s Silent Rise: Outshining Bitcoin and Ethereum

In Brief Since the beginnig of th eyear, Bitcoin and Ethereum have emerged as some of the best-performing digital assets. However, Shiba Inu’s SHIB token has outperformed both Bitcoin and Ethereum in the ongoing crypto market rally. Notably, this surge occurs amid Shibarium witnessing a record number of transactions exceeding 412 million. Shiba Inu has…
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Shiba Inu Price Drops Despite Developers Burning Over 13 Billion Tokens in 24 Hours

In Brief In the past 24 hours, Shiba Inu’s burn rate experienced an unprecedented surge, increasing by over 23,000%. Despite these significant burning activities, SHIB’s price saw a decline of more than 7% during the same period. Meanwhile, Shiba Inu lead developer Shytoshi Kusama is leading the crusade for BONE listing on Binance. Shiba Inu’s…
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Shiba Inu (SHIB) Price Nears Profit Zone: Will Momentum Hold?

In Brief Shiba Inu price has noted a 271% rise over the past two weeks but has lost momentum over the last few days. Active deposits, which are the first signal of profit taking, are at their highest, suggesting SHIB holders might move to sell. About 46.32 trillion SHIB worth over $1.6 billion is on…
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