Is Shiba Inu overheating after SHIB price gains 75% in two weeks?
One analyst suggests shorting the ongoing SHIB price rally brings "excellent opportunities." Shiba Inu (SHIB) looks poised to undergo sharp price corrections after rallying nearly 75% in almost two weeks. SHIB price rallied to mid-January highs On Monday, the meme-token climbed to $0.00002961, its best level since Jan. 18, amid renewed buying interests across the cryptocurrency market. Before the retracement, SHIB's price had crashed by almost 80% from its record high of $0.00008870.Nonetheless, the wild price recovery also came closer to triggering two classic sell signals. First, SHIB's....
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SHIB’s price shows strength as it bounces from a downtrend range price rallied to a high of $0.0000122 with eyes set on $0.0000135. SHIB could rally more as the price creates more bullish bias breaking out of its range channel with good volume as SHIB army could push the price to $0.0000135. SHIB’s price remains strong on the daily timeframe above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price of Shiba Inu (SHIB)has had a tough time dealing with this current bear market, with the price suffering so much decline in the past six months.....
The Shiba Inu breakout appears almost ten days after SHIB's addition to Binance Card. Shiba Inu (SHIB) broke out of its prevailing "cup-and-handle" pattern on Aug. 14, raising its prospects of securing additional gains in the coming weeks.Shiba Inu could soar 50%A cup-and-handle appears when the price falls and rises in a U-shaped trajectory in the first stage, followed by a swift move sideways or downward in the second. Notably, the price trend develops under a common resistance level.Typically, cup-and-handle patterns resolve after the price breaks above the resistance level; SHIB did....
The Shiba Inu derivatives market is again heating up, providing a bullish outlook for the SHIB price. This comes as the crypto market rebounds, with SHIB also recording notable gains in the past few days. Shiba Inu Derivatives Market Heats Up With Rising Open Interest CoinGlass data shows that the Shiba Inu derivatives market is heating up, with open interest rising as much as 15% on November 8. This indicates that traders are again betting on a significant price movement from the foremost meme coin. Notably, SHIB broke above the psychological $0.000010 level amid this rising open....
The Shiba Inu derivatives market is again heating up, providing a bullish outlook for the SHIB price. This comes as the crypto market rebounds, with SHIB also recording notable gains in the past few days. Shiba Inu Derivatives Market Heats Up With Rising Open Interest CoinGlass data shows that the Shiba Inu derivatives market is heating up, with open interest rising as much as 15% on November 8. This indicates that traders are again betting on a significant price movement from the foremost meme coin. Notably, SHIB broke above the psychological $0.000010 level amid this rising open....
Leading altcoins like Shiba Inu saw decent gains as the global crypto market value rose past $1.71 trillion on the strength of Bitcoin’s climb above $42,000. Meme coins, on the other hand, still had the hearts of the crypto audiences, with Shiba Inu recording the largest market gains and Dogecoin, the top dog coin, remaining the most talked about crypto in social media after BTC. Interest Surge In Shiba Inu On Monday, the memecoin surged to $0.00002961, its highest level since January 18, as the cryptocurrency market saw fresh buying interest. SHIB’s price has plummeted by....