• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Sunday, September 24, 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
Shiba Inu Reflects Consistent Upmove; Will SHIB Price Rise?
ShareShareShareShareShare

Related articles

Analysts Split – Rally to $1.80 or Dip to $0.41?

Analysts Split – Rally to $1.80 or Dip to $0.41?

September 23, 2023
Shiba Inu Escapes Bearish Grip Following Spike In Whale Activity! Will SHIB Price Hold Momentum?

Shiba Inu Escapes Bearish Grip Following Spike In Whale Activity! Will SHIB Price Hold Momentum?

September 23, 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

Analysts Split – Rally to $1.80 or Dip to $0.41?

Analysts Split – Rally to $1.80 or Dip to $0.41?

September 23, 2023

The recent XRP price recovery above 50 cents has sparked different reactions from various analysts, with some calling for price...

Shiba Inu Escapes Bearish Grip Following Spike In Whale Activity! Will SHIB Price Hold Momentum?

Shiba Inu Escapes Bearish Grip Following Spike In Whale Activity! Will SHIB Price Hold Momentum?

September 23, 2023

Dubbed the “Dogecoin killer,” SHIB’s price had been in a bearish consolidation phase in recent days. However, a reversal occurred...

Veteran Investors Who Predicted Fantom (FTM) Rise, Says This Bitcoin Fork Could Do the Same

Veteran Investors Who Predicted Fantom (FTM) Rise, Says This Bitcoin Fork Could Do the Same

September 23, 2023

Seasoned crypto investors who successfully predicted the rise of Fantom (FTM) are now pointing to a particular Bitcoin fork. With...

Will Stellar (XLM) See a Price Surge on September 28?

Will Stellar (XLM) See a Price Surge on September 28?

September 23, 2023

XRP investors are gearing up for a major announcement on September 29th with the altcoin possibly recording similar gains to...

Learn how Bitcoin Spark takes the best from Ethereum

Learn how Bitcoin Spark takes the best from Ethereum

September 23, 2023

Bitcoin Spark (BTCS) has been gaining momentum lately, leaving many wondering what led to its sudden growth. To understand the...

Load More
Next Post
3AC co-founder fears Jail term over liquidator’s misrepresentation

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

Shiba Inu Price Prediction for 2025, 2030 and 2050

Shiba Inu Price Prediction for 2025, 2030 and 2050

September 13, 2023
The 3rd annual Banking Transformation Africa 2023 Summit

The 3rd annual Banking Transformation Africa 2023 Summit

September 20, 2023
Global economy, crypto regulation, digital public infra — economic issues that G20 leaders agreed on – ThePrint

Global economy, crypto regulation, digital public infra — economic issues that G20 leaders agreed on – ThePrint

September 9, 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!

  • FTX’s one-time law firm denies awareness of fraud, moves to dismiss lawsuit
  • Venezuela authorities seize Bitcoin mining machines
  • Why Has Stablecoin Legislation Stalled? Blockchain Association CEO Explains – Decrypt

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)$26,574.000.05%
  • ethereumEthereum(ETH)$1,592.03-0.08%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.000.04%
  • binancecoinBNB(BNB)$210.36-0.38%
  • rippleXRP(XRP)$0.51-1.19%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • staked-etherLido Staked Ether(STETH)$1,591.20-0.17%
  • dogecoinDogecoin(DOGE)$0.061473-0.04%
  • cardanoCardano(ADA)$0.2458290.34%
  • solanaSolana(SOL)$19.43-0.22%
  • ToncoinToncoin(TON)$2.290.36%
  • tronTRON(TRX)$0.0835960.16%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.160.38%
  • polkadotPolkadot(DOT)$4.030.32%
  • matic-networkPolygon(MATIC)$0.52-0.02%
  • litecoinLitecoin(LTC)$65.011.27%
  • shiba-inuShiba Inu(SHIB)$0.0000082.63%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,595.000.17%
  • bitcoin-cashBitcoin Cash(BCH)$207.900.06%
  • chainlinkChainlink(LINK)$7.193.77%
  • daiDai(DAI)$1.00-0.08%
  • leo-tokenLEO Token(LEO)$3.84-0.44%
  • true-usdTrueUSD(TUSD)$1.000.06%
  • uniswapUniswap(UNI)$4.270.23%
  • stellarStellar(XLM)$0.113833-0.44%
  • avalanche-2Avalanche(AVAX)$8.890.32%
  • moneroMonero(XMR)$141.65-2.16%
  • okbOKB(OKB)$42.77-0.40%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • binance-usdBinance USD(BUSD)$1.000.01%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • ethereum-classicEthereum Classic(ETC)$15.250.43%
  • cosmosCosmos Hub(ATOM)$7.07-0.76%
  • hedera-hashgraphHedera(HBAR)$0.0518082.76%
  • filecoinFilecoin(FIL)$3.240.52%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • lido-daoLido DAO(LDO)$1.50-0.02%
  • crypto-com-chainCronos(CRO)$0.0505420.33%
  • quant-networkQuant(QNT)$90.951.35%
  • internet-computerInternet Computer(ICP)$2.961.50%
  • MantleMantle(MNT)$0.391454-0.63%
  • vechainVeChain(VET)$0.016992-0.23%
  • AptosAptos(APT)$5.140.16%
  • makerMaker(MKR)$1,284.920.80%
  • ArbitrumArbitrum(ARB)$0.82-2.49%
  • nearNEAR Protocol(NEAR)$1.11-0.38%
  • optimismOptimism(OP)$1.290.22%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.045661-2.16%