What Caused Shiba Inu to Unexpectedly Remove Its Gold Check?
Loss of Verification Badge: The official Shiba Inu account on X lost its gold verification checkmark, raising concerns among its 3.9 million followers and leading to speculation about potential issues within the project.
Cost Reduction Strategy: The removal of verification badges was clarified as a cost-cutting measure rather than a change in project direction, with the team focusing on the SHIB token and addressing community criticism regarding content strategy.
Market Performance: Despite the verification changes, SHIB's market performance remained steady, trading at $0.000007383 with a slight decline, while also experiencing a rally earlier in the week.
New Trading Options: Coinbase launched Shiba Inu perpetual futures, providing leveraged exposure to SHIB price movements and enhancing liquidity and institutional access to the token.
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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 3 technical signals, shows that 0 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 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 | 0.0000032 | 0.00000375 | 0.00000426 | 0.00000481 | 0.00000532 | 0.00000587 | 0.00000638 |
| Fibonacci | 0.00000375 | 0.00000415 | 0.0000044 | 0.00000481 | 0.00000521 | 0.00000546 | 0.00000587 |
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