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As it gets closer to forming a golden cross, Shiba Inu is exhibiting indicators of a possible breakout. The 50-day moving average crossing above the 200-day moving average is a bullish pattern that frequently results in a substantial increase in market momentum.
Shiba Inu is on the cusp of a significant transformation. Lucie (@LucieSHIB), the marketing lead for Shiba Inu, announced via X on October 17 that the Shiba Inu Decentralized Autonomous Organization (DAO) and the Shib Doggy DAO Foundation are “coming soon,” signaling a pivotal shift toward decentralization and community governance.
To the surprise of various community members, the Shiba Inu team has announced the postponement of the highly anticipated ShibaCon conference. Originally, scheduled to take place on November 9, the Shiba Inu team has decided to reschedule the ShibaCon conference till further notice, leaving many in the community wondering what prompted the sudden change.
Shiba Inu (SHIB) price forecasts are turning bullish, with one popular TradingView user predicting a stunning 400% surge in the coming months and weeks.
On-chain metrics unravel a momentum change, but two gargantuan resistance levels loom in Shiba Inu's upward journey.
Shiba Inu (SHIB) price, a popular meme cryptocurrency, is gaining attention as it shows signs of potential value growth. With the broader cryptocurrency market struggling to maintain momentum, SHIB stands out with notable developments.
The markets are always buzzing with predictions, and the latest one is turning heads. Dogecoin price, a fan favourite, is expected to rally to $1 before December.
The Dogecoin price has rallied by over 7% in the last 24 hours, outperforming Bitcoin and Shiba Inu. This price rally is primarily thanks to the world's richest man, Elon Musk, who continues to support the foremost meme coin indirectly.
SHIB's market cap must rise by approximately 10x for the prediction to come true.
If big investors continue buying Shiba Inu, it could boost interest in the market, helping SHIB break through its price limit and rise higher.
Early Bitcoin adopter Jeremie Davinci has taken to his account on the X social media giant (formerly known as Twitter) to share his take on what he believes meme coins, including flagships Dogecoin and Shiba Inu, can reach in this market cycle in terms of market capitalization value.
The consolidation phase in SHIB price, marked by resistance at $0.000018 and support at $0.000016, has prompted Shiba Inu whales to gradually increase their holdings.
Amid fluctuating price trends in the cryptocurrency market, Shiba Inu (SHIB) continues to experience significant volatility, facing persistent challenges at its resistance levels. Over the past 20 days, the meme coin has encountered rejection six times, raising questions about its ability to break through its current barriers.
As Shiba Inu (SHIB) continues to reign supreme as the second-largest meme coin based on market value, the altcoin is witnessing an impressive holding culture.
Amid increased price volatility in the crypto market, top projects have recorded a significant uptrend with some altcoins recording double-digit gains. However, the Shiba Inu price has repeatedly faced rejection at its resistance level of the trend pattern. Notably, it has repeatedly faced 6 rejections over the past 20 days.
Shiba Inu coin once again caught the eyes of crypto market enthusiasts as SHIB team confirms that the ecosystem is eyeing a transformative shift ahead. On Thursday, the marketing lead highlighted that the Shib Doggy DAO and Foundation launch remains imminent.
Dog-themed cryptocurrency Shiba Inu might be on the verge of a transformative shift that will put power into the hands of real holders. A recent update from Shiba Inu team member Lucie has hinted at upcoming governance milestones, which would mark Shiba Inu's next chapter in the coming days.
The price of Shiba Inu (SHIB) has resumed its uptrend as it pulls back and finds support above the moving average lines. During the initial surge, the altcoin peaked at $0.00002167 before being pushed back.
When market exhaustion sets in, SHIB sees higher daily gains as BTC traders reallocate profits into high-cap tokens.
The growth of altcoins: focus on Shiba Inu (SHIB) and Ripple (XRP).
Shiba Inu's price currently needs help finding a clear direction, with its key momentum indicators signaling a weakening trend and reduced momentum. This indicates a consolidation period for the leading meme coin, where neither bullish nor bearish forces dominate.
Recent whale activity on Shiba Inu has sharply decreased, with large transactions falling to just 500 billion SHIB over the last seven days. This represents a sharp decline from the typical highs of four trillion SHIB and a significant change in the volume of transactions for the token.
Shiba Inu (SHIB) has garnered attention from traders and investors alike. After a period of uncertainty and volatility, recent technical indicators suggest that SHIB may be poised for a bullish trend.
SHIB's burn rate surge and growing network activity are good signs, but is that all?
