Currently, the Shiba Inu coin finds itself at a critical juncture following its recent price drop to $0.000021. Technical indicators such as Bollinger Bands and the 200 Exponential Moving Average (EMA) suggest possible recovery, while on-chain data indicates increased whale activity. With trading volume surging by 80%, interest in SHIB is growing. However, can this memecoin ultimately reach the magical $1 mark in a new rally?
Analyse Shiba Inu koers
Currently, Shiba Inu is experiencing a price surge and is being traded at approximately $0.000021. According to the Bollinger Bands, SHIB is approaching an ‘oversold’ state – a significant moment for traders to pay attention.
The Bollinger Bands consist of three lines: the upper, middle, and lower band. The middle band is based on a 20-day Moving Average of an asset, while the upper and lower bands are removed from this average by two standard deviations. Currently, SHIB is approaching the lower band, which sits 3.58% lower than the current price.
Shiba Inu koers. Bron: TradingView
When an asset approaches its lower band, it might suggest that the market is ‘overextended’ or oversold. For SHIB, this could mean the price has dropped too quickly and sharply. This may be a reason to exercise caution as it indicates a negative sentiment in the market.
An ‘oversold’ condition could potentially mark a turning point. If buyers jump back in, the market might show signs of recovery. If SHIB finds support at this level and demand increases, the next significant resistance will be at $0.0000223, where the 20-day average price lies. If SHIB manages to break above this moving average, the next goal would be on the upper band at $0.0000246.
Although the current situation seems bearish, the ‘oversold’ zone may offer opportunities for recovery. Additionally, it appears that ‘whales’ are becoming active, which could potentially indicate a reversal.
Whale verplaatst $195 miljoen aan SHIB
On January 3rd, 2024, SHIB broke out of a bullish double-bottom price pattern and entered a consolidation phase instead. This consolidation lasted nearly three days, during which a possible whale moved an astounding 8.18 billion SHIB tokens, worth approximately $195.1 million, from Crypto.com exchange to a wallet. (As a crypto investor, I found this significant movement intriguing.)
As I conducted this transfer, the broader market was moving upwards and remained relatively stable.
Whale beweegt 8,18 biljoen SHIB. Bron: X
After the close of the American market, the Institute for Supply Management (ISM) released a report indicating that the market was trending bearish. During this downturn, SHIB broke out of its three-day consolidation phase and fell more than 14.5% in value. During this price correction, it appears that retailers are selling off their holdings, while long-term investors seem to be accumulating instead.
According to data from on-chain analytics company IntoTheBlock, the volume of large transactions over the past 24 hours has surged by a staggering 2004%. This suggests strong participation from whales, investors, and long-term holders.
Volume grote transacties. Bron: IntoTheBlock
During the same period, another analytics company, Coinglass, revealed an outflow of approximately $7 million worth of SHIB tokens from exchanges. These figures suggest a potential accumulation of the meme coin, as its price dropped more than 10%, attracting investors and long-term holders.
Is een nieuwe rally aanstaande?
According to a technical analysis, the recent surge in Shiba Inu’s price has brought it to a crucial horizontal support level, coinciding with the 200 Exponential Moving Average (EMA) on a daily time frame. This alignment makes SHIB optimistic for a potential upward trend.
Shiba Inu koers. Bron: TradingView
Based on recent price actions, there’s a strong likelihood that SHIB might surge by around 80% to reach approximately $0.00003939, as long as it stays above the 200 EMA (Exponential Moving Average). However, this movement requires both time and patience. Trading volume has also increased by about 80%, suggesting an increased participation of traders and investors compared to the previous day.
Welke meme coins kunnen profiteren van Shiba Inu rally?
As a researcher, I’ve noticed an intriguing trait in meme coins: when one coin surges strongly, others often follow suit. This makes it particularly captivating when a leading meme coin like Shiba Inu demonstrates a powerful rally. Therefore, it could be shrewd to discover emerging meme coins that might benefit from such momentum.
Wall Street Pepe (WEPE)
Gradually, Wall Street Pepe (WEPE) is emerging as the meme coin of 2025. This trend is bolstered by the impressive sum of over $45 million that this cryptocurrency garnered during its pre-sale.
Indeed, a substantial community has formed around the coin. This can partly be attributed to the transparency of the WEPE developers regarding their goal: helping you and other WEPE holders maximize your earnings. In simpler terms, the community’s growth can be linked to the developers being open about their aim to help WEPE owners optimize their income.
Though it seems like an attractive promise, WEPE has cleverly planned a strategy to make it a reality. By purchasing WEPE, you join the WEPE army. Within this community, developers share exclusively the latest updates about the project with you. The result? You get the opportunity to act faster and more effectively than traders who don’t have access to this information.
Naar de officiële website van Wall Street Pepe
Flockerz (FLOCK)
Do you sometimes feel that developers of cryptocurrencies have too much power and it would be better if you, along with the broader community, determined the project’s direction? If so, Flockerz (FLOCK) is the initiative that warrants your attention.
Flockerz works by having FLOCK in your portfolio, which grants you voting rights within the project. This not only gives you some influence over the direction of the project but also allows you to earn additional $FLOCK by actively using your voting power. This initiative represents a unique vote-to-earn model.
Currently, the project is in Phase 1, which means the presale is ongoing. During this period, coins are available at their lowest price; however, only 20% of the total supply is being offered now. So, if you’d like to join this unique community that has already raised over $9.4 million, this is your chance!
Naar de officiële website van Flockerz
Meme Index (MEMEX)
According to CoinMarketCap, the market cap of meme coins exceeds $117 billion. It’s hardly surprising that this sector of the cryptomarket has seen significant growth over the past years. But how can one participate in this trend without risking their entire portfolio on the success of a single coin? The solution lies in the new project Meme Index (MEMEX).
Investing in the Meme Index represents an initiative where investors can invest in a ‘meme coin index’ that rises with all meme coins. If the meme coin market continues its upward trend, as it has for several years now, you will indeed enjoy the associated rewards. Conversely, if an individual coin underperforms, your portfolio remains reinforced by the performances of other meme coins.
An additional benefit of this method is that it allows you to own multiple meme coins in one place, making organization easier. The pace of developments is currently high, with the count already reaching $2.1 million, prompting swift action.
Naar de officiële website van Meme Index
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2025-01-10 20:12