Shiba

bullish

Kusama

Shiba Inu

Reversal

The Shiba Inu price dropped by a fraction of a percentage in the last 24 hours <a style="font-family: var(--bs-body-font-family);font-size: var(--bs-body-font-size);text-align: var(--bs-body-text-align)" href="https://www.geckoterminal.com/eth/pools/0xcf6daab95c476106eca715d48de4b13287ffdeaa">to trade at $0.00001401</a> as of 03:45 a.m. EST on trading volume that dropped 4% to $196 million. 
This comes as a prominent Shiba Inu lead developer, famous under the pseudonym Shytoshi Kusama, addressed the meme coin community on X as he celebrates the SHIB token’s new exposure on Kraken. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 😇 <a href="https://t.co/h2ujVqxAu7">https://t.co/h2ujVqxAu7</a> 
 — Shytoshi Kusama™ (@ShytoshiKusama) <a href="https://twitter.com/ShytoshiKusama/status/1829296058297627037?ref_src=twsrc%5Etfw">August 29, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Kusama shared a tweet published by Kraken, which says that SHIB has been added as new collateral for futures traded on Kraken Pro. 
According to the tweet, SHIB can now be used to access more than 200 perpetual futures contracts on Kraken. 
<h2 id="shiba-inu-price-ready-for-a-bullish-reversal">Shiba Inu Price Ready For A Bullish Reversal</h2> 
According to GeckoTerminal data, the Shiba Inu price has been on a downtrend since Aug. 25, when the bears took control of the price at $0.00001601. SHIB then found support around $0.00001350, and the price of Shiba Inu soared back to the $0.00001449 resistance, forming a rounding bottom pattern. 
However, the Shiba Inu price invalidated the pattern’s bullish prospects, diving back to the $0.00001392 support. SHIB seems to be rebounding from this level, which could complete a cup and handle pattern and exert some bullish pressure on the meme coin’s price. 
The price of SHIB now trades slightly above the 50 Simple Moving Average (SMA) on the 1-hour chart, affirming the current bullish stance. If this rally continues, SHIB could continue soaring and breach the 200 SMA at $0.00001450, which is now acting as the immediate resistance. 
Additionally, the Relative Strength Index (RSI) seems to be rebounding from the neutral zone as it climbs back to the 50-midline level, which shows that buying pressure is building up at this level. 
According to the Shiba Inu 1-hour chart analysis, SHIB is gearing up for a bullish rally, as the bulls target $0.0000150. 
<img decoding="async" class="alignnone size-full wp-image-571009" src="https://insidebitcoins.com/wp-content/uploads/2024/08/IMG_1102.png" alt="Shiba Inu Price Chart Analysis Source: GeckoTerminal.com " width="1255" height="508" srcset="https://insidebitcoins.com/wp-content/uploads/2024/08/IMG_1102.png 1255w, https://insidebitcoins.com/wp-content/uploads/2024/08/IMG_1102-300x121.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/08/IMG_1102-1024x414.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/08/IMG_1102-768x311.png 768w" sizes="(max-width: 1255px) 100vw, 1255px"> 
However, if the bears gain control of the price at this level, the price of Shiba Inu could plunge back to $0.00001350. 
Meanwhile, many Shiba Inu lovers are shifting to another worthy alternative by the name of <a href="https://insidebitcoins.com/visit/shibashootout" rel="nofollow">Shiba Shootout (SHIBASHOOT)</a>. 
According to the crypto channel 99Bitcoins, with more than 705K subscribers, investors who buy SHIBASHOOT stand to earn “insane rewards.“ 
<iframe title="This Shiba Inu Coin Meme Is Offering Insane Rewards! Do Not Miss Shiba Shootout!" width="640" height="360" src="https://www.youtube.com/embed/AuZH1yAVdoE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
<h2 id="shiba-shootout-presale-blasts-past-1-05-million-best-alternative-to-buy-now">Shiba Shootout Presale Blasts Past $1.05 Million, Best Alternative To Buy Now?</h2> 
Shiba Shootout isn’t cooling its peacemaker barrel anytime soon, as its presale hits the bullseye with $1.05 million raised and counting. 
With fundraising efforts running for just over a month, this new meme coin project has the momentum to attract a few million dollars more as the presale continues to sizzle. 
The project goes beyond the conventional limits of meme coins, taking the holder on a captivating adventure filled with creativity, strategic gameplay, and the allure of a cowboy’s high-stakes showdown. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Master <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> strategy with <a href="https://twitter.com/hashtag/Shiba?src=hash&amp;ref_src=twsrc%5Etfw">#Shiba</a> cowboys in thrilling duels for big rewards! 🌟 Join the adventure! 
 Sign up now to get your free $SHIBASHOOT tokens! 
 Jump in the fun! 🚀 <a href="https://t.co/jCeu7XMBqR">https://t.co/jCeu7XMBqR</a> <a href="https://t.co/YjlGaaluBT">pic.twitter.com/YjlGaaluBT</a> 
 — shibashootout (@shibashootout) <a href="https://twitter.com/shibashootout/status/1806634436852597038?ref_src=twsrc%5Etfw">June 28, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
The game is built around the town of Shiba Gulch, a bustling digital settlement that is a favorite with Shiba lovers who come together to challenge each other. 
Apart from P2E crypto gaming in Shiba Gulch, SHIBASHOOT holders can also earn passively through the platform’s staking mechanism, which offers 893% in annual rewards. 
If you don’t want to miss this presale, you can buy the token for $0.02. However, you might want to hurry, because the meme coin’s price will increase in less than three days. 
<a href="https://insidebitcoins.com/visit/shibashootout" rel="nofollow">You can buy SHIBASHOOT tokens on the official website here using ETH, BNB, USDT, or a bank card.</a> 
<h3 id="related-news">Related News</h3> 
<ul> 
 <li><a href="https://www.linkedin.com/pulse/next-crypto-explode-unveiling-potential-market-shaker-calsona-hmwze">Next Crypto to Explode: Unveiling the Potential Market Shaker of 2024 🚀💥</a></li> 
 <li><a href="https://www.linkedin.com/pulse/best-altcoins-invest-unveiling-top-picks-maximum-returns-calsona-9ceye">Best Altcoins to Invest In: Unveiling Top Picks for Maximum Returns!</a></li> 
 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/upcoming-binance-listings/">New Upcoming Binance Listings in 2024</a></li> 
</ul>

Shiba Inu Price Prediction: Shytoshi Kusama Comments On Kraken’s SHIB Futures Collateral As Analysts Say This Is The Best Crypto To Buy Now

Table of Contents

Inside Bitcoins

Other articles published on Aug 30, 2024

Binance to support Cardano’s Chang hard fork

IREN’s Strong Balance Sheet Positions It for Future Growth

FET and RENDER Hold 100x Forecast, but this Ethereum Analyst Says RCO Finance Will Get There First

Australia’s Crypto ATM Frenzy: Why the Number of Machines Is Exploding!

The Bitcoin Market Is On Pause! Is It The Calm Before The Storm?

Millions in Litecoin (LTC) Stun World's Biggest Exchange – Big Market Move on Horizon?

Join our free newsletter for daily crypto updates!