Cena Baby Moon FlokiFLOKI

$FLOKI  [ 1W CHART ] 📊

$FLOKI One of the very few memes that might be worth trading in the near future. If we reclaim the range this is a solid long with invalidation below the February lows.

📈 Can Shiba Inu Price Surge 422%? This Pattern Signal SHIB New All-Time High Shiba Inu price has recently broken out of a Falling Wedge pattern, a formation commonly recognized as a bullish reversal signal in technical analysis. The pattern is characterized by a downward consolidation with lower highs and lower lows, which eventually leads to a meme coin rally breakout. 🔸 Shiba Inu Price Breaks Out of Falling Wedge Formation According to analyst Bezos Crypto, Shiba Inu price has completed a breakout from a Falling Wedge, a pattern associated with strong upward movements. This formation often indicates a trend reversal, with SHIB price action shifting from a downtrend to an uptrend. In previous instances, similar setups have led to substantial gains for SHIB, fueling optimism among traders and investors. The breakout is accompanied by a noticeable increase in trading volume, suggesting strong participation from investors. Volume confirmation is a crucial aspect of validating the meme coin rally, as it indicates growing buying interest. If Shiba Inu price maintains its momentum, it could reach the projected price target of $0.00008841, reflecting a 422% increase. Meanwhile, most recently, SHIB whales have triggered volatility by offloading 2.1 trillion tokens, adding uncertainty to price action. The sudden transaction, valued at $32.55 million, has raised concerns over potential selling pressure. 🔸 Bitcoin’s Influence on SHIB and Technical Analysis More so, Bitcoin price trend, plays a crucial role in determining the trajectory of Shiba Inu price. Historically, altcoins such as SHIB have exhibited strong price movements during Bitcoin’s bullish phases. When Bitcoin consolidates or trends higher, altcoins often benefit from increased market liquidity and positive sentiment. On the same note, other technical aspects also align with the bullish narrative, as various technicals suggest upcoming meme coin rally. AO is shifting the momentum from the red bars, to green bars which depict a bullish reversal. AO, which measures market momentum, suggests that selling pressure is fading, and buyers are beginning to gain control. In addition, Moving Average Convergence Divergence (MACD) indicator gives buying signal, because the MACD line has crossed the signal line. This crossover is an indication that the trend is moving towards the buyers end hence conforming a bullish trend.  More so, the histogram bars, which represent the difference between the MACD and signal lines, have turned green, reinforcing the strengthening bullish sentiment. If this trend continues, it could indicate a strong upward movement in SHIB price to a new all-time high. 🔸 Risk Considerations Ahead of The Meme Coin Rally While the bullish scenario for Shiba Inu price remains strong, traders remain cautious about potential volatility. Price movements in the cryptocurrency market can be influenced by external factors, including regulatory news, and shifts in investor sentiment. A retracement or a retest of the breakout zone is possible before further upside continuation. Key resistance levels to monitor include $0.000030, $0.000050, and the previous all-time high near $0.00008841. On the downside, support levels at $0.000020 and $0.000015 could act as critical zones if a pullback occurs.  Also, a recent report revealed that top meme coins such as Dogecoin, Shiba Inu, Pepe Coin and Floki Inu, are at risk to declining futures open interest. The data also indicates that SHIB’s futures Open Interest has dropped by 74.41% and DOGE by 58.45% which shows a decreased trader interest. #DOGE #Dogecoin

🚀 TOP GAINERS ALERT! 🚀 💹 These coins are leading the charge in the past 24 hours: 🌟 $IP – $2.706 (+40.87%) The biggest mover today! This gem is showing unstoppable momentum. Keep an eye on this one! 👀 ⚡ $S – $0.7268 (+25.52%) Surging with strength, this coin is riding the bullish wave! 📈 🔥 #APT – $6.438 (+16.72%) $APT climbing steadily—will it break resistance and fly higher? 🚀 💰 $TAO – $414.88 (+12.61%) A solid performer, pushing upwards with strong volume. 💪 🌊 $INJ – $15.05 (+10.96%) $INJ gaining traction—time to watch for potential breakouts! 🎯 🐕 $FLOKI – $0.00001011 (+10.82%) The Viking meme coin is back in action! Hype is building again! ⚔️ 🐻 $BERA – $6.524 (+10.59%) Another solid gainer making a name today. 🚨 💎 $LTC – $134.95 (+8.84%) Old but gold! Litecoin climbing with renewed strength. 💥 ⚙️ $HBAR – $0.2147 (+7.05%) Steady gains with strong community backing. Worth a watch! 👓 Which one do you think will continue its run?

TL;DR Shiba Inu’s price faces further downside risks due to a sharp drop in Shibarium activity, a collapse in the burn rate, and other factors. However, a predominantly negative exchange netflow suggests investors might be moving SHIB off exchanges into self-custody, potentially easing selling pressure and hinting at a short-term price rebound. What Signals a Severe Pullback? The second-biggest meme coin has not been in good shape lately. Its price has fallen over 25% in the past month, currently trading at roughly $0.00001543. SHIB Price, Source: CoinGecko Some key elements indicate the meme coin might be headed for a deeper correction. One of those is the decreased Shibarium activity. Daily transactions processed on the layer-2 scaling solution have dropped from over 4.5 million last week to under 100,000 on February 17. Shibarium is specifically designed to foster the development of the Shiba Inu ecosystem, and its further advancement could positively impact the price of the underlying token. Conversely, its stalled progress may have the opposite effect. Next on the list is Shiba Inu’s burning program. The burn rate has collapsed 95% over the last 24 hours, resulting in just 1.7 million tokens sent to a null address. The mechanism’s ultimate goal is to reduce the circulating supply of SHIB, potentially making it more valuable in time. Lastly, we will touch upon the overall bearish environment of the entire meme coin niche. The sector’s total market capitalization has slipped by 5% in the past day, currently set at less than $75 billion. The vast majority of the memes, including Dogecoin (DOGE), Pepe (PEPE), Official Trump (TRUMP), Bonk Inu (BONK), Floki Inu (FLOKI), and many more have recorded substantial losses. Meme coins are often driven by hype, community sentiment, and speculative trading. A downtrend of the entire sector can dampen enthusiasm, leading to reduced trading volume and selling pressure on numerous tokens, including SHIB. Something for the Bulls Despite the aforementioned bearish factors, it is not all doom and gloom, with one on-chain metric suggesting a possible price reversal in the short term. This is Shiba Inu’s exchange netflow which, according to CryptoQuant, has been predominantly negative in the last month. The development signals about a potential shift from centralized platforms toward self-custody methods, which in turn, reduces the immediate selling pressure. The post Another Shiba Inu (SHIB) Price Crash Ahead? 3 Factors Driving Bearish Sentiment appeared first on CryptoPotato.