#shib analysis

Dogecoin (DOGE) and Shiba Inu (SHIB) Start Correction After Bull Trap

Both Dogecoin (DOGE) and Shiba Inu (SHIB) have broken down from their respective patterns which had been in place since the June lows. But, SHIB has shown more strength by managing to hold on above an important support area. DOGE DOGE had been increasing inside an ascending parallel channel since June 14. The upward movement led to a high of $0.089, reaching the resistance line of this channel.…

Dogecoin (DOGE) and Shiba Inu (SHIB) Set Bull Trap Before Steep Correction

Dogecoin (DOGE) has deviated above an important resistance area before falling below it. On the other hand, Shiba Inu (SHIB) has managed to successfully move above its own resistance area. DOGE DOGE has been falling inside a descending wedge since June 2021. The wedge is considered a bullish pattern, meaning that an eventual breakout from it would be likely. So far, both the resistance (red…

Shiba Inu (SHIB) Retraces After 40% Daily Increase

Shiba Inu (SHIB) has made four attempts at breaking out from a descending resistance line. While all of them have been unsuccessful, the price is gearing up for yet another one. SHIB has been decreasing underneath a descending resistance line since Dec 24. This movement led to a low of $0.00000714 on June 18. So far, the price has made four unsuccessful breakout attempts, the most recent on Aug…

SHIB Army Says Ryoshi is Creator of New Coin Dejitaru Tsuka (TSUKA)

SHIB army is on the case. Some members of the Shiba Inu community closely followed a series of “cryptic messages” sent by Ryoshi, the creator of Shiba Inu. And they have come to the conclusion that the mysterious developer is behind a new cryptocurrency project. The mysterious creator of Shiba Inu (SHIB), Ryoshi, is thought to have created the new cryptocurrency project called Dejitaru Tsuka…

Shiba Inu: The Craziest Theories Surrounding SHIB

Shiba Inu (SHIB) continues its regular burning. All the while, far-fetched ideas swirl around the memecoin and its developers. Like Bitcoin and its founder Satoshi Nakamoto, several crypto project founders maintain their anonymity and remain unidentified. Sometimes anonymity surrounds not only the mastermind of the project, but also the team of developers. This is the case with the development…

SHIB: Whales Buy 386 Billion Shiba Inu Despite Bear Market

SHIB may be on the move. Despite Shiba Inu losing 90% of its value in the bear market, the cryptocurrency continues to be the focus of attention of Ethereum whales. Whales added billions of new SHIB tokens to their accounts during the downtrend. The famous whale known as Gimli added 386 billion Shiba Inu to their account earlier this week. ETH whale "Gimli" just bought 250,000,000,001 $shib…

Shiba Inu: Will the Price Reach $1? When Will it Happen?

Shiba Inu (SHIB): Will it hit $1? SHIB is the meme cryptocurrency that was dubbed the “Dogecoin Killer.” So here’s how long it will likely take to hit that golden number. 2021 was an explosive year for Shiba Inu, with astronomical profits for some investors, turning them into billionaires. Since then, the cryptocurrency project developed by Ryoshi has been seen growing adoption and great interest…

Shiba Inu (SHIB) Price Finally Moves Above $0.00001

SHIBA INU (SHIB) has regained its footing after a breakdown from a neutral pattern. However, it has yet to reclaim an important horizontal resistance area. SHIB broke down from a symmetrical triangle on June 6. While the symmetrical triangle is considered a neutral pattern, it is coming after a downward movement. So, this makes a breakdown more likely. The breakdown also caused a decrease below…