Shiba

Ethereum

when

Shiba Inu

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/will-shiba-inu-coin-see-a-price-rise/" data-wpel-link="internal">Will Shiba Inu Coin See a Price Rise?</a> 
Towards the end of April, after the halving, there were expectations that <a href="https://coin-turk.com/kripto-paralar-dusuyor-hacim-azaliyor-bir-sonraki-durak-neresi" data-wpel-link="internal">Bitcoin</a> prices would rise. However, when this backfired, investors turned their attention to altcoins. While many eagerly awaited the altcoin season, three altcoins were under scrutiny. 
<h2 style="text-align: justify" id="ethereum-chart-and-price">Ethereum Chart and Price</h2> 
<a href="https://coin-turk.com/ethereum-kurucu-ortagi-vitalik-buterinden-bitcoin-elestirisi" data-wpel-link="internal">Ethereum</a> has recovered from a drop below the $3,000 level and is currently trading at $3,007. In March, ETH was trapped in a descending wedge formation from which it could not escape. 
Despite past failures, ETH, the world’s second-largest cryptocurrency by volume, could bounce back from the $2,991 support level and rise. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-346482" src="https://coin-turk.com/wp-content/uploads/2024/05/3-695-eth-coin-turk-com.png" alt="" width="559" height="236"> 
The falling wedge formation, defined by converging downward-sloping trend lines, indicates a potential reversal from a bearish outlook. 
If investors consider this formation, the price target for ETH is set at $3,695, which is 16.7% above the upper trend line. 
However, a potential break of the $2,991 support level could lead <a href="https://en.coin-turk.com/ubs-asset-management-launches-pilot-program-for-tokenized-money-market-fund-on-ethereum-blockchain/" data-wpel-link="internal">Ethereum</a> to drop to $2,800, invalidating the bullish trend. 
<h2 style="text-align: justify" id="helium-hnt-price-outlook">Helium (HNT) Price Outlook</h2> 
Helium price, after dropping to $3.63, experienced a noticeable recovery last week. During the downturn, the altcoin formed a deathcross. This occurs when the 50-day Exponential Moving Average falls below the 200-day EMA and is generally interpreted as a potential bearish trend. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-346483" src="https://coin-turk.com/wp-content/uploads/2024/05/hnt-3-6-coin-turk-com.png" alt="" width="561" height="241"> 
Moreover, the recent price recovery not only approaches breaking the death cross but also appears close to forming a golden cross. 
This situation could push HNT’s price beyond the $6.33 resistance level and turn it into support. A potential rise could offer investors a 26% rally, supporting prices at $7 and above $8. 
However, if the death cross prevails in a potential breakout scenario, a drop to $3.6 could be observed. 
<h2 style="text-align: justify" id="shiba-inu-shib-will-it-rise">Shiba Inu (SHIB) Will It Rise?</h2> 
<a href="https://en.coin-turk.com/shiba-inu-shibarium-surpasses-an-important-threshold-good-news-for-shiba-coin/" data-wpel-link="internal">Shiba</a> Inu’s price continues to move in a falling channel formation. However, if the 50 and 200-day EMAs continue to act as support, an upward movement could occur in the coming days. 
A breakout above the upper trend line, at the $0.00002584 level, could bring a 29% growth for the meme coin, potentially raising it to $0.00003332. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-346484" src="https://coin-turk.com/wp-content/uploads/2024/05/3332-shib-coin-turk-com.png" alt="" width="557" height="250"> 
If a downward scenario does not occur, this event could happen in May. Additionally, permanently losing the $0.00002268 support could cause <a href="https://en.coin-turk.com/whale-accumulation-in-shiba-inu-cryptocurrency-sparks-community-interest/" data-wpel-link="internal">SHIB</a> to fall below $0.00002000. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/will-shiba-inu-coin-see-a-price-rise/" data-wpel-link="internal">Will Shiba Inu Coin See a Price Rise?</a></h5>

Will Shiba Inu Coin See a Price Rise?

Table of Contents

COINTURK NEWS

Other articles published on May 1, 2024

Ripple’s 500M XRP Unlock Sparks XRP Price Drop Concerns

Forrester Q1 2024 Financials Unveil Strategic Changes Amid Adverse Conditions

Bold investments or recklessness? MicroStrategy continues to bet on Bitcoin

Bitcoin Plummets Below $57,000: Market Impacts

South African crypto exchange VALR picks Poland for expansion in Europe

Azuki NFT Sales Surge to Record Highs While Crypto Market Falls

Join our free newsletter for daily crypto updates!