SHIBA INU PRICE ANALYSIS & PREDICTION (September 26) – Shib Slowly Shifts Structure Following A Slight Breakout, Up 17% Weekly

2024-9-26 13:26

Amid a slight decrease in the global market cap today, Shiba advanced buying and posted double-digit gains to a two-month high. It appears ready for a big price movement after establishing a base support. 

Following a five-month correction near the $0.00001 level in the past month, Shiba found solid ground and established base support above $0.000012. The price increased until it reached $0.0000158 yesterday.

Today, buying volume increased and the asset surged to its highest price level since July 31, slightly breaking out of the previous monthly high. 

A steady surge in volatility could change the trend slightly before making a slight pullback to the $0.000015 level. We can then expect a big price movement if the price bounces back from that pullback level.

Shiba’s mid-term structure might still look bearish on the daily chart, but it is important to note that the correction has temporarily ended for now. It must drop below August’s low before considering another dump. 

Technically, this correction has brought a reset in the price, and from the look of things, the market structure is about to make a shift. Shib is now on the bulls’ radar while other meme coins are posting significant gains.

Shiba’s Key Levels To Watch Source: Tradingview

Because of the slight break above $0.0000161, Shib may jump to the $0.00002 resistance soon. Breaking this resistance level could trigger a more rallies to $0.000025 and mainly $0.0000295 in the short term.

The main holding support level for now is $0.0000125, followed by last month’s low of $0.0000108. A collapse through all these levels could bring us to $0.0000085, causing more pain in the market.

Key Resistance Levels: $0.00002, $0.000025, $0.0000295

Key Support Levels: $0.0000125, $0.0000108, $0.0000085

Spot Price: $0.0000163 Trend: Bullish Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: avirozen/123RF // Image Effects by Colorcinch

Similar to Notcoin - Blum - Airdrops In 2024

origin »

SHIBA INU (SHIB) на Currencies.ru

$ 0 (+1.82%)
Объем 24H $11
Изменеия 24h: 8.92 %, 7d: 2.86 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 3428
Доступно / Всего 0 SHIB

slight price shiba high two-month gains advanced

Источник: nulltx.com

slight price → Результатов: 126


This Crypto Expert Predicts Where The Cardano (ADA) Price Is Headed Next

Slow start of the week in crypto as Bitcoin and Ethereum face slight downturns of over 1% after a solid week. The ADA price also took a hit today as it plunged 4%, now trading around $0.37. We haven’t covered YouTuber “LuckSide Crypto” so far, but his latest video on ADA price forecast caught our […] The post This Crypto Expert Predicts Where The Cardano (ADA) Price Is Headed Next appeared first on CaptainAltcoin.

2024-8-26 18:30


Фото:

Bitcoin’s climb above $60k causes futures open interest to surge $2B in a day

Bitcoin’s breakout above $60,000 seems to have triggered a new spark of optimism among traders. The market has been flat for most of August after experiencing a significant drop at the beginning of the month, which is why the relatively slight price increase above the $60,000 threshold was enough to inject the market with a […] The post Bitcoin’s climb above $60k causes futures open interest to surge $2B in a day appeared first on CryptoSlate.

2024-8-23 05:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

HMSTR Set to List on Bybit: Expanding the TON Blockchain Offerings

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to remind its community about the upcoming listing of HMSTR. This token, native to the popular Telegram-based game Hamster Kombat is set to join Bybit’s growing list of innovative projects on the TON Blockchain.