BNB Surpasses XRP to Claim 3rd Spot in Crypto Market Cap – Trader Transforms $3K into $2M Following CZ's Tweet
BNB Overtakes XRP: BNB has reclaimed the third spot in market cap from XRP, highlighting the strength of exchange-linked tokens, while XRP focuses on cross-border payments but has seen lagging price performance.
Viral Trading Success: A trader turned $3,000 into $2 million after a meme coin was mentioned by Binance's founder, showcasing the impact of social influence in crypto markets and the risks of chasing hype.
Emerging Project Layer Brett: Layer Brett (LBRETT), a new Ethereum Layer 2 project, is gaining attention with its presale raising over $4.35 million and offering high staking rewards, appealing to investors seeking high-risk, high-reward opportunities.
Investment Strategy: The contrasting performances of BNB and XRP, along with the rise of Layer Brett, suggest a balanced investment approach may be beneficial, combining established assets for stability with emerging tokens for potential high returns.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB) As of , Shiba Inu (SHIB) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SHIB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SHIB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Shiba Inu (SHIB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000307 | 0.00000407 | 0.00000524 | 0.00000624 | 0.00000741 | 0.00000841 | 0.00000958 |
| Fibonacci | 0.00000407 | 0.0000049 | 0.00000541 | 0.00000624 | 0.00000707 | 0.00000758 | 0.00000841 |
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