ShibaInu On Solana priceSHIB

📈 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

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. Source: TradingView 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.

The second largest meme coin, Shiba Inu (SHIB), started the new year not too convincingly. While other cryptocurrencies have returned to their peaks and even reached new ones, SHIB has been left out. Along with the decline in its price, the market capitalization and rating of the asset suffered. Currently, SHIB is the 19th cryptocurrency in the overall ranking, giving way to newer assets. Will this popular coin be able to recover and rise over the next days.$SHIB

🐸 $PEPE Faces Major Deleveraging Amid 42% Drop According to on-chain analytics platform Glassnode, frog-themed cryptocurrency PEPE has seen a major deleveraging as Futures Open Interest across the meme coin sector has dropped significantly since their peaks. Recently, a trend has emerged among meme coins, with open interest cooling off following speculative peaks. The trend is clear: open interest has sharply corrected across meme coins. This can point to leverage flushing out but also signal a shift in sentiment across the meme coin sector. 💬 PEPE, BONK, and WIF also saw major deleveraging: 📉 PEPE: -71.93% ($1.25B → $351M) 📉 BONK: -75.10% ($715M → $178M) 📉 WIF: -69.83% ($653M → $197M) These memecoins followed similar patterns, with OI cooling off after speculative peaks.— glassnode February 19, 2025 Frog-themed meme coin PEPE has seen its price drop by 42% monthly and experienced a major deleveraging, with its futures open interest plunging by 71.93% — falling from $1.25 billion to $351 million. The meme coin sector, in general, is undergoing a significant shift, with futures open interest (OI) sharply contracting after reaching speculative peaks. This trend is reflected in other meme coins such as SHIB, DOGE, WIF and BONK. At the height of the speculative frenzy, meme coins saw skyrocketing trade volumes and massive leveraged holdings. However, recent data shows that this exuberance is cooling off. The substantial drop in futures open interest across the sector indicates that traders are stepping back, reducing their exposure and flushing out excessive leverage from the market. PEPE down 42% monthly After a stellar surge in late 2024, PEPE is now facing a harsh reality. The token has experienced a steep 42% drop over the past month, mirroring a broader correction in the often volatile meme coin sector. At press time, PEPE was down 2.29% in the last 24 hours to $0.0000092 and down 0.09% weekly. PEPE has steadily declined since reaching an all-time high of $0.000028 on Dec. 9, 2024, and is now down 66.5% from this peak. PEPE declined all through January, dropping for four consecutive weeks at a stretch. Bears took a breather in the past week, with PEPE ending the week in the green, but the drop has now resumed, with PEPE down this week. Eyes will be on recovery for the PEPE price beyond the daily SMA 50 at $0.00001453 to ascertain a price comeback. #PEPE #Pepecoin 

💥 $SHIB Inu Price at Reset Point: Breakout or Stagnation Next? As of today, Shiba Inu (SHIB) has reached a reset point, stabilizing after notable price fluctuations. This phase is characterized by reduced volatility and market indecision, with SHIB’s price hovering around $0.00001546. This means that the cryptocurrency has reached a level where past trends, momentum, and trading patterns have essentially been neutralized, allowing for a fresh start in price movement. SHIB has formed a double bottom near the $0.00001485 level, suggesting potential support and a trend reversal. A recent death cross, where the short-term moving average crosses below the long-term moving average, indicates bearish momentum. Historically, this pattern can precede further declines or serve as a precursor to a significant reversal. 🔸 Whale Inactivity & Cyclical Volume Patterns Observed The current inactivity of large holders (aka whales) suggests possible declines in volatility and liquidity. Their absence may keep SHIB’s price relatively stable around this reset point, frustrating traders seeking profit from price movements. Also, SHIB exhibits a pattern of increased trading volume at the start of each week, followed by a decline. Such cyclical behavior may influence short-term price movements and trader strategies. 🔸 SHIB’s Next Move: Breakout or Stagnation? It’s hard to predict where this will lead. The fact remains that the market is no longer heavily biased toward either buying or selling, meaning SHIB is consolidating after considerable price fluctuations. For investors, one could say that the market is in a state of indecision, where something huge will need to happen for SHIB to break out of its current stagnation. 🔸 Low Volatility Could Trigger Sharp Price Swings It’s also worth noting that prolonged periods of low volatility often build pressure, leading to substantial price movements once a breakout occurs – if it occurs at all, that is. In addition, if big investors aren’t actively trading, it can reduce volatility and cause the price to remain stagnant. On the other hand, if buying pressure increases due to positive catalysts such as whale accumulation or major announcements, SHIB could rally upward. Whatever the case, SHIB’s stabilization at this reset point reflects a balance between potential support levels and bearish indicators. The future trajectory of this cryptocurrency will largely depend on market catalysts and the re-engagement of prominent market participants. #SHIB #Shibainu