• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Friday, February 3, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Shiba Inu Reflects Consistent Upmove; Will SHIB Price Rise?

August 26, 2022
in Crypto News
Reading Time: 3 mins read
A A
ShareShareShareShareShare

Related articles

Cosmos (ATOM), Helium (HNT) and Orbeon Protocol (ORBN)

February 2, 2023

IOTA used by industry giant to cut energy use and boost local economies in billion-$-market

February 2, 2023

Shiba Inu slips to 12th position after it failed to build upon the huge upside rally of 14th August. The resultant price action has incited profit holders to book profits as cryptocurrencies are back in their previous consolidation zone. The age of the breakout and the positive move was short-lived. The fundamental use case for the Shiba Inu blockchain is next to nothing, and it rises as the other person is willing to hold Shiba tokens. 

The technical analysis projects the growth to be very slow but consistent. Ranking 12th, Shiba Inu has a market capitalization above $7 billion, with more than 90% of the supply limit already being traded on the exchanges. Because of its unusual success story, more than 100s of copycats carry the name Shib in one way or another. 

Buyers of SHIB can make a huge profit only if the blockchain is associated with a meaningful transition or supports smart contracts in the coming days. Being a mining token, Shiba validation is already a profitable scenario for miners. 

Shiba Inu Price Analysis

Shiba Inu cryptocurrency has gained a positive motion with a slow and consistent up move. On the contrary, the resistance and support levels for SHIB/USD haven’t improved much, with immediate support developing 25% above its June 2022 lows. 

The price spike of 14th August touched the immediate resistance of $0.00001716, and despite the failure of its spike, the token has maintained its position above the 100-day exponential moving average. The support provided by the 100 EMA curve, positive trendline and price action-based support of $0.00000973 has offered confidence to prospective buyers of Shiba Inu tokens. 

RSI indicator has lost some ground but holds above the neutral zone of 50, with the MACD indicator close to marking a bullish crossover if Shiba maintains its movement above $0.00001300. 

As the 100 EMA curve has started to move in a straight line, it would become its stronger support level before this token lunges to retest the selling pressure at $0.0001700. To know the future possible price levels of the crypto, traders should explore our SHIB coin price prediction. 

shiba inu price prediction

The price action on weekly duration showcases the presence of a toe to toe buying and selling activity. Just as Shiba Inu marked a positive growth of 40% (0.00000487), the following week resulted in a profit booking of $0.00000343). The outlook and development of a red candle for the current week will strengthen the selling resolve, while closing this week on a positive note will empower the three-month trendline. 

RSI and MACD have been in neutral territory since last week’s movement has remained in the same zone. Buyers should attempt to book partial profits at repeated intervals.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Coinbase Derivatives Exchange To Offer Nano Ether Futures Contract

Next Post

3AC co-founder fears Jail term over liquidator’s misrepresentation

Related Posts

Cosmos (ATOM), Helium (HNT) and Orbeon Protocol (ORBN)

February 2, 2023

Cryptocurrencies have put their bottom if recent gains are anything to go by. While the focus has been on Bitcoin...

IOTA used by industry giant to cut energy use and boost local economies in billion-$-market

February 2, 2023

IOTA-powered crypto wallet EnergieKnip ensures the anonymous collection of consumer data and effective distribution of token rewards. So Far, EnegieKnip...

SEC Under Scrutiny: Congress To Review Regulatory Overreach

February 2, 2023

For several months, the SEC has been under fire for its actions. It was unsuccessful in preventing the FTX from...

Bitcoin Soared to 5-Month High Above $24K Following Fed’s Interest Rate Hike (Market Watch)

February 2, 2023

Although BTC didn’t react at first to the US Fed interest rate spike, the asset went on a roll hours...

Blur discovers a way to avoid being blacklisted by OpenSea

February 2, 2023

Blur, the second-largest NFT marketplace in terms of volume, has discovered a practical method of avoiding being blacklisted by Opensea....

Load More
Next Post

3AC co-founder fears Jail term over liquidator's misrepresentation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Crypto giant says Shiba Inu highly undervalued and drives price up by 20%

January 20, 2023

What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

January 16, 2023

Mastercard Binance Offer Crypto Card In Brazil – Bitcoin Magazine

January 30, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Kraken closes Abu Dhabi office; Bithumb owner arrested
  • Defiance ETFs to Close NFTZ ETF After Just 13 Months
  • Bitcoin Price Heading Back Towards $24,000 – Did Wednesday’s Liquidity Grab Give It The Boost It Needed?

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$23,555.00-0.85%
  • ethereumEthereum(ETH)$1,647.710.10%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.000.07%
  • binancecoinBNB(BNB)$324.152.01%
  • usd-coinUSD Coin(USDC)$1.000.04%
  • rippleXRP(XRP)$0.411661-0.80%
  • binance-usdBinance USD(BUSD)$1.000.01%
  • cardanoCardano(ADA)$0.3998250.20%
  • dogecoinDogecoin(DOGE)$0.091438-3.42%
  • matic-networkPolygon(MATIC)$1.18-1.37%
  • okbOKB(OKB)$39.624.26%
  • solanaSolana(SOL)$24.36-2.87%
  • staked-etherLido Staked Ether(STETH)$1,639.420.08%
  • polkadotPolkadot(DOT)$6.561.02%
  • shiba-inuShiba Inu(SHIB)$0.0000121.38%
  • litecoinLitecoin(LTC)$98.76-1.73%
  • avalanche-2Avalanche(AVAX)$21.281.05%
  • tronTRON(TRX)$0.0639850.95%
  • uniswapUniswap(UNI)$7.124.17%
  • daiDai(DAI)$1.00-0.16%
  • cosmosCosmos Hub(ATOM)$14.43-3.19%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,427.00-1.35%
  • ToncoinToncoin(TON)$2.38-0.99%
  • chainlinkChainlink(LINK)$7.11-1.88%
  • moneroMonero(XMR)$173.39-2.59%
  • leo-tokenLEO Token(LEO)$3.370.48%
  • ethereum-classicEthereum Classic(ETC)$22.470.22%
  • AptosAptos(APT)$17.23-5.77%
  • bitcoin-cashBitcoin Cash(BCH)$137.050.96%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.092076-0.60%
  • apecoinApeCoin(APE)$5.90-2.87%
  • quant-networkQuant(QNT)$144.85-2.67%
  • nearNEAR Protocol(NEAR)$2.450.76%
  • filecoinFilecoin(FIL)$5.49-3.91%
  • crypto-com-chainCronos(CRO)$0.080433-0.73%
  • lido-daoLido DAO(LDO)$2.28-1.22%
  • algorandAlgorand(ALGO)$0.2565261.44%
  • hedera-hashgraphHedera(HBAR)$0.067367-3.62%
  • vechainVeChain(VET)$0.024188-2.94%
  • fantomFantom(FTM)$0.615.39%
  • internet-computerInternet Computer(ICP)$5.80-4.78%
  • decentralandDecentraland(MANA)$0.79-2.22%
  • axie-infinityAxie Infinity(AXS)$11.25-1.71%
  • aaveAave(AAVE)$88.47-0.35%
  • the-sandboxThe Sandbox(SAND)$0.75-2.22%
  • eosEOS(EOS)$1.07-0.65%
  • flowFlow(FLOW)$1.12-1.33%
  • elrond-erd-2MultiversX(EGLD)$45.131.84%