Shiba

Hope

Shiba Inu

Galxe

<p>The Shiba Inu ecosystem continues to captivate the attention of crypto investors with volatile performance in recent days. While the SHIB token has recorded an impressive 11% rise in just 48 hours, analysts remain cautious about its future trajectory.</p> 
<h2 id="h-a-significant-but-fragile-rebound">A significant but fragile rebound</h2> 
<p>At the time of writing, <a href="https://www.cointribune.com/en/crypto-shiba-inus-transaction-volume-is-exploding-despite-market-turbulence/" target="_blank" rel="noreferrer noopener">SHIB</a> is trading at $0.00001746, oscillating near a crucial support level of $0.00001745. According to data from CoinMarketCap, the token shows a slight increase of 0.52% over 24 hours but has dropped 4.56% over the week.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1"> 
 </div> 
</div> 
<p>This recent recovery comes after a steep 35% drop since June 6, highlighting the persistent volatility of the crypto market.</p> 
<p>Furthermore, trading volume saw a significant decline of 37.25%, settling at $1.97 billion. This contraction in volume suggests a certain level of caution among investors amid market uncertainty.</p> 
<p>The <a href="https://ambcrypto.com/shiba-inu-surges-11-in-48-hours-but-shib-is-not-out-of-danger-yet/" target="_blank" rel="noreferrer noopener">analysis</a> of technical indicators reveals mixed signals. On one hand, the stochastic RSI is in the oversold zone, which could indicate a short-term technical rebound. </p> 
<p>On the other hand, the MACD (Moving Average Convergence Divergence) indicates a bearish momentum that, although slowing down, persists. This divergence among indicators reflects the complexity of SHIB’s current situation and the difficulty in predicting its next direction with certainty.</p> 
<h2 id="h-contradictory-factors-influencing-the-crypto-price">Contradictory factors influencing the crypto price</h2> 
<p>Several elements complicate the analysis:</p> 
<ol> 
 <li>Risk of liquidation: Data from Coinglass reveals significant leverage around current price levels, which could amplify a potential drop.</li> 
 <li>Token burning: Shibburn reports a 29.76% increase in the <a href="https://www.cointribune.com/en/crypto-shibaswap-arrives-on-shibarium-whales-are-accumulating-massively/" target="_blank" rel="noreferrer noopener">burn rate of SHIB</a> over 24 hours, with 17,191,209 SHIB burned. This reduction in supply could thus support the price if the current support holds.</li> 
 <li>Divided market sentiment: The long/short ratio indicates a balance between optimistic and pessimistic investors, reflecting the prevailing uncertainty.</li> 
</ol> 
<h2 id="h-a-strategic-airdrop-to-consolidate-the-community">A strategic airdrop to consolidate the community</h2> 
<p>In this uncertain context, Shiba Inu is focusing on reinforcing its community. An exclusive airdrop in partnership with AIRian, targeting LEASH holders, has been announced.&nbsp;</p> 
<p>This initiative offers AIR Bomb tokens valued at $555 each, aiming to reward investor loyalty and create synergies between the <a href="https://www.cointribune.com/en/crypto-transactions-on-shibarium-up-by-209-shiba-inu-surges/" target="_blank" rel="noreferrer noopener">Shiba Inu</a> and AIRian communities.</p> 
<p>The airdrop unfolds in two phases:</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2"> 
 </div> 
</div> 
<ol> 
 <li>A lottery based on a snapshot of LEASH wallets, with 20 winners receiving one AIR Bomb each.</li> 
 <li>Galxe quests, where 1,000 participants will receive 100 AIR tokens each.</li> 
</ol> 
<p>Although the airdrop and the recent 11% rise spark optimism, SHIB’s technical position remains fragile. Maintaining above the $0.00001745 support will be crucial to avoid another drop.&nbsp;</p> 
<p>Investors should remain vigilant in the face of potential volatility, while monitoring developments in the Shiba Inu ecosystem that could influence <a href="https://www.cointribune.com/en/bitcoin-dominance-falls-to-52-a-turning-point-for-the-crypto-market/" target="_blank" rel="noreferrer noopener">crypto market</a> sentiment in the medium term.</p>

Crypto: The Awakening of the Shiba Inu, Between Hope and Uncertainty!

Indice dei contenuti

Cointribune EN

Altri articoli pubblicati su 28 giu 2024

Sail With MoonBag Staking: Enjoy 88% APY Rewards, Outshining Ripple (XRP) and Cardano (ADA) in it...

Bitget brings Avail (AVAIL) Web3 Infra Project to Pre-market

BCG Report: Tokenization In Crypto Winter – Part 2

Cryptocurrencies That Can Reach $10b Market Cap This Year

Bitcoin to fall below $60,000 again? Liquidity grab may have some answers…

ETC Price Prediction: Will Ethereum Classic Gain Momentum Following Spot ETH Approval?

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!