SHIB Price Gives into Sell Pressure As Investors Find Refuge In Shibie
Shiba Inu faces heightened bearish sentiment despite numerous ecosystem developments. Moreover, a notable increase in large transactions suggests that whales may be liquidating their positions, exerting high sell pressure on SHIB.
While it's natural for investors to take profits, a mass exit by whales could result in a significant downturn, given their substantial impact on market movements.
Given this observation, will Shiba Inu recover from its downturn?
SHIB Loses Strength In The Competitive Crypto MarketSHIB's price has dipped nearly 7% in the past day, trading at $0.000009 at 09:20 am EST. The market also shows a reduction of 66% in its trading volume within the same period. It now holds a volume of over $285 million.
However, SHIB's price still looks positive in the past seven days, with growth of 5% and more than 22% in the past 30 days.
SHIB's Price Continues Its Fall From Grace
Source: Tradingview.comThe daily chart above reveals that SHIB has succumbed to the bears, creating another red candle today. Although the bulls try to keep its price above the 50-day moving average, SHIB sits below the 200-day MA.
While this position creates a possibility for a rise in its price soon, the 200-day MA might prevent a significant bullish move over the next few days.
Also, the MACD line above the signal line signifies the presence of bullish momentum. The RSI sits at 60.65, approaching the overbought region, a sign of high buying pressure. These indicators suggest a potential bullish reversal ahead for SHIB.
SHIB's support and resistance levels
Source: Tradingview.comHowever, SHIB's price might fall further if it drops below the support level at $0.00000877. Should this occur, the token would have dropped 3.41% from its current price. However, hitting that support level could initiate a bull turn for the token.
Experts' Notions About SHIB's Future Price PathAccording to Coincodex, the Shiba Inu price predictions for 2025 and 2030 suggest potential growth in value compared to today's prices.
2025 the projected price range is anticipated to be between $0.00001821 and $0.00007340, meaning SHIB could witness a substantial increase of 712.74% by 2025.
The price prediction range lies between $0.00005272 and $0.00006673, indicating a potential gain of around 638.88%. Furthermore, Techopedia highlights the primary advantage of meme coins like Shiba Inu: their strong and dedicated community.
The potential lies in Shiba Inu's ability to leverage its community on the Shibarium chain, which could propel it to become one of the market's most prominent layer two projects.
Considering these factors, the Shiba Inu price prediction estimates a bullish market peak price of approximately $0.000068832 by the end of 2025. Potential lows are projected to be around $0.000040301, with an average price of $0.00005456 for the same period.
Updates That Could Drive SHIB's PriceShiba Inu lead developer Shytoshi Kusama recently shared his excitement about the SHIB SSI solution's possibilities when integrated into Shibarium and other Shib projects.
In a blog post, Kusama emphasized that combining the cost-effectiveness of Shibarium with the cutting-edge technologies developed by the Shib community alongside Shibarium SSI opens virtually limitless opportunities in the SHIB ecosystem.
The introduction of Shib SSI marks the dawn of a new digital era, with plans to integrate digital identity services into all SHIB platform applications.
Additionally, the concept of Shib SSI can be extended to a wide array of use cases that have been under exploration for many years. This further showcases the versatility and potential impact of the innovative solution.
SHIB Whales Acquire 4.41 Trillion SHIB TokensThe Shiba Inu (SHIB) ecosystem has been buzzing with activity lately, particularly with the upcoming Shibarium launch.
As the release of Shibarium approaches, the community has been actively accumulating SHIB tokens in preparation. Notably, a new whale has emerged, drawing attention for acquiring an impressive 4.41 trillion SHIB tokens in anticipation of the Shibarium launch.
This acquisition amounted to approximately $40.41 million and was executed in a single transaction, elevating the whale to the 27th position among other major SHIB holders.
Over the past week, there has been a remarkable 340.96% increase in the volume of large transactions, totaling $50.81 million in the asset's value.
Shibie Coin Presale as A Major Rival of Shiba InuShibie, also known as the Dog with the Barbie persona, has become a notable presence in the crypto world thanks to its captivating features and charismatic personality.
One of Shibie's standout features is its community-focused tokenomics design, which prioritizes engaging and rewarding its user base.
This approach fosters an active and vibrant community that supports the project's growth and success. Its whitepaper outlines a well-thought-out tokenomics structure with a total supply of 10 billion $SHIBIE tokens.
The distribution plan includes 20% allocated for DEX liquidity, 60% for the ongoing presale, 10% for CEX listings, and 5% each for marketing activities and the development team.
Shibie Coin's Expansion and Presale Data
The project has ambitious expansion plans beyond the presale phase. It aims to secure primary listings on major CEXs, attracting a diverse user base and establishing a presence in the meme coin market.
Marketing is also a top priority, with plans to introduce an AI-powered Telegram bot to increase trading volume, reduce price volatility, enhance liquidity, and generate more market interest.
The presale of Shibie Coin ($SHIBIE) is in full swing, with a low hard cap of $999,999 and 7 days remaining.
Priced at $0.00167 per token, it offers an accessible entry point for newcomers and experienced crypto enthusiasts. So far, the presales have raised over $177,000, with potential for even more significant investments in the remaining days.
The presale presents an attractive investment opportunity and plays a vital role in establishing a solid foundation for Shibie Coin's future DEX launch.
Early investors can participate by purchasing $SHIBIE using $ETH or $USDT, with a minimum investment threshold of 100 tokens. Purchases can be made via the official site through decentralized wallets like Trust Wallet and MetaMask.
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