Shiba Inu's Expanding Influence: A New Milestone in Crypto Enthusiasm
- User Growth Milestone: The Shiba Inu community has reached 1,585,022 participants, marking a historic peak that reflects robust ecosystem growth and enhances investor confidence in the digital asset.
- Surge in Transactions: Over 1,100 new wallets were registered in a single day, indicating a revival of investor interest in SHIB, with significant increases in transaction volumes across the network suggesting a positive shift in market sentiment.
- Long-Term Holding Trend: More than 133 billion SHIB tokens have been transferred into individual wallets, indicating a tendency among investors to hold long-term, which often signals optimism about market prospects and may reduce the volatility typically associated with meme tokens.
- Market Observation and Future Outlook: With rising user engagement and strong on-chain fundamentals, Shiba Inu's appeal in the cryptocurrency space continues to grow, prompting market observers to closely monitor whether this momentum can be sustained.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB). As of , Shiba Inu (SHIB) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 4 indicators are flashing buy, while 0 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 crypto.
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 | 0.00000542 | 0.00000571 | 0.00000599 | 0.00000628 | 0.00000656 | 0.00000685 | 0.00000713 |
| Fibonacci | 0.00000571 | 0.00000593 | 0.00000606 | 0.00000628 | 0.0000065 | 0.00000663 | 0.00000685 |
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