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Shiba Inu (SHIB) has just caught the attention of analysts, who are predicting a possible breakout based on a technical formation. According to market analyst Javon Marks, SHIB looks like it has broken out of a Falling Wedge pattern, which could set the stage for a price increase. If this breakout holds true, SHIB might skyrocket over 422%, possibly reaching a new all-time high of $0.00008841. However, certain price resistance levels must be cleared before any upward movement can happen. The current technical analysis of Shiba Inu shows the formation of a Falling Wedge pattern. This structure is seen in a series of lower highs and higher lows, signaling a potential reversal after the price breaks above the upper trendline. The wedge formation has been forming since August 2021 and is nearing completion. If SHIB breaks out from this pattern, the price could trend higher in the coming months, with many investors viewing this as a high-risk, high-reward opportunity. Related: Shiba Inu Hints at Price Reversal After a 284% Spike in SHIB Burns The price must clear critical resistance levels for Shiba Inu to start a confirmed uptrend. Based on data from IntoTheBlock, about 757 trillion SHIB tokens were purchased above $0.000016, with 84% of 637 trillion tokens bought between $0.000016 and $0.000024. These investors are currently “out of the money,” so breaking through the $0.000018 to $0.000022 range would bring most of them back into profitability. At the time of writing, SHIB’s price was $0.00001531, a decrease of 3.92% over the past 24 hours. SHIB had surged to $0.00001593 earlier in the day before the decline. This fluctuation shows the volatility inherent in SHIB’s price action. Despite the recent downturn, the market capitalization remains at $9.02 billion, and the 24-hour trading volume has jumped by 50.70%, reaching $257.67 million. However, the circulating supply of SHIB stands at 589.25 trillion tokens, which may increase the risk of inflationary pressure. The MACD and RSI further suggest the downward pressure on SHIB’s price. The MACD is showing a bearish signal, with the MACD line below the signal line and the histogram displaying red bars, indicating stronger selling pressure. Related: Shiba Inu Battles Resistance Levels as Whales Bet Big on Recovery In the meantime, the RSI stands at 37.67, suggesting that SHIB is not yet in an oversold condition but is approaching a critical juncture. If the RSI remains above 30 and holds steady, a potential rebound could occur, possibly leading to a more favorable market environment for SHIB. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

February is looking promising for several cryptocurrencies and sectors. Here are some top picks: Meme Coins - *MIND of Pepe ($MIND)*: This AI-driven project simplifies trading with its autonomous AI agent, offering real-time intelligence for smarter trading. With a presale price of $0.0033055, $MIND represents a promising investment opportunity ¹. - *Meme Index ($MEMEX)*: This innovative platform allows users to invest in diversified baskets of meme coins, mitigating volatility risks. With a presale price of $0.0160352, $MEMEX offers impressive staking rewards and governance benefits ¹. - *Shiba Inu ($SHIB)*: Although it's struggled to keep pace with the broader meme coin market, $SHIB remains a popular choice among investors ¹. Altcoins - *Qubetics ($TICS)*: This blockchain project tackles real-world challenges with cutting-edge solutions, offering a non-custodial multi-chain wallet integrated with 1inch's DEX aggregator. With a presale price of $0.0733, $TICS has already raised over $12.9 million ². - *Solana (SOL)*: As a high-performance blockchain, Solana is gaining popularity among developers due to its speed and scalability. Its growing ecosystem makes it a strong contender for significant growth ². - *Helium (HNT)*: This decentralized wireless network is pioneering a new approach to IoT connectivity. By incentivizing individuals to deploy hotspots, Helium creates a global, low-cost wireless network ². - *Injective (INJ)*: As a decentralized exchange protocol, Injective offers fast, secure, and fully decentralized trading across various financial products. Its layer-2 solution ensures high throughput and low latency ². Other Notable Mentions - *AI-focused projects*: AI tokens like ARC and AI16Z are rebounding, with ARC surging 72% as interest in crypto AI agents grows ³. - *Wojak (WOJAK)*: This meme coin has gained nearly 25% in seven days, with its EMA lines starting to converge, indicating a potential shift in trend ³.

A decreasing token supply can create strong bullish pressure on $BERA. When scarcity increases, demand can outpace supply, leading to price appreciation over time. 🔹 Token Burns 🔥 – If $BERA implements a burn mechanism (removing tokens from circulation permanently), the supply decreases, making existing tokens more valuable. Projects like Binance Coin (BNB) and Shiba Inu (SHIB) have used this strategy to drive price growth. 🔹 Staking & Lock-Up Mechanisms ⏳ – If users can stake $BERA to earn rewards, a significant portion of the supply gets locked up, reducing the number of tokens available for sale. This creates upward pressure on price. 🔹 Halving Events ⏬ – Some tokens have programmed supply reductions over time (similar to Bitcoin halving). If $BERA follows a similar model, periodic reductions in emissions can drive scarcity and long-term value appreciation. 🔹 Deflationary Tokenomics 📉 – If transaction fees or smart contract interactions automatically burn a percentage of tokens, the circulating supply shrinks over time. This constant reduction can create a sustained bullish trend. 🔹 Increasing Demand with Limited Supply 📈 – If adoption and use cases for $BERA grow while the total supply shrinks, the token becomes more valuable over time, creating strong incentives for investors to buy and hold. Scarcity is a key factor in driving long-term bullish trends, and if $BERA successfully implements burns, staking, and deflationary mechanics, it could see massive price appreciation! 🚀🔥

$SHIB

Bitcoin Hits 100K, XRP Wobbles, and More — Week in Review Bitcoin hits $100K, XRP wobbles but won’t fall, certain meme coins are in the crosshairs, and more in this Week in Review. Week in Review This week marked a historic milestone for cryptocurrency as bitcoin crossed the $100,000 threshold. Despite a recent dip to $2.25, XRP remains the third-largest cryptocurrency, showcasing impressive weekly (56%) and monthly (339.6%) gains. Meanwhile, the U.S. government made headlines by moving 54 billion SHIB, sparking speculation about its crypto strategy. On the geopolitical front, China studied Russia’s tactics for countering Western sanctions, while Putin declared Bitcoin “unstoppable,” framing it as the future of global finance amid the dollar’s declining influence. Cryptocurrency Pioneer Bitcoin Taps $100,000 Bitcoin (BTC), the first and leading cryptocurrency, has crossed the $100,000 threshold, .