Shiba Inu Early Holders Spot Similarities With Meme Coin Cutoshi As Gains Are On The Horizon
Shiba Inu's Evolution: Early investors of Shiba Inu are drawing parallels with the newcomer Cutoshi, noting SHIB's transformation from a meme coin to a DeFi ecosystem, highlighting its community engagement and technical developments like ShibaSwap and Shibarium.
Cutoshi's Potential: Cutoshi aims to replicate SHIB's success by focusing on community involvement and DeFi infrastructure, currently at a $9M market cap, with plans for NFTs and educational initiatives, attracting attention from SHIB holders.
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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 | 0.0000032 | 0.00000413 | 0.00000516 | 0.00000609 | 0.00000712 | 0.00000805 | 0.00000908 |
| Fibonacci | 0.00000413 | 0.00000488 | 0.00000534 | 0.00000609 | 0.00000684 | 0.0000073 | 0.00000805 |
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