Is Shiba Inu Price Eyeing A New All-Time High? SHIB Price Jumps 8% And This Solana Meme Coin Surges 17% As CEX Listing Rumors Spread
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: May 16 2024- Shiba Inu Price Movement: Shiba Inu price surged 8% in the last 24 hours to trade at $0.00002555, with trading volume increasing by 28% to $1.1 billion.
- Technical Analysis: SHIB price retraced from a yearly high to hit support levels and is now aiming to rally above the $0.00002624 resistance.
- Indicators: SHIB trades above 50-day and 200-day SMAs, RSI indicates intense buying pressure, MACD shows a bullish crossover, and Stochastic Oscillator suggests a bullish moving average crossover.
- Price Prediction: Analysis suggests SHIB may target $0.00002924 but could face a correction back to $0.00002367 due to overbought conditions.
- Smog Token Performance: Smog (SMOG) token surged 17% to $0.05618, driven by innovative incentives for token holders and community participation, including airdrop programs and staking opportunities.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
