Memetic / PepeCoin

Shiba Inu

Following substantial gains from PEPE, a whale shifted focus to SHIB. Supported by indicators like AO and Supertrend, SHIB surged to $0.000015. However, capital rotation and profit-taking may push PEPE down to $0.0000027.<h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" />According to Spot On Chain, a whale made $3.47 million from Pepe (PEPE) after the meme coin reached an all-time high. Spot On Chain observed that the <a href="https://cryptosheadlines.com/pepe-whale-transfers-tokens-to-binance-potential-1m-loss-upon-selling/" rel="noopener noreferrer nofollow">whale transferred all 1.97 trillion PEPE tokens owned to Binance</a>, as profits on the holdings had surged by 135%.<h3 id="whale-shifts-holdings-from-pepe-to-shib">Whale Shifts Holdings from PEPE to SHIB</h3>After depositing the tokens, the whale purchased 75.91 billion Shiba Inu (SHIB) tokens and withdrew them from Binance.<blockquote>After <a href="https://twitter.com/search?q&#61;%24PEPE&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> reached new ATH, smart whale 0x37d deposited all 1.97T <a href="https://twitter.com/search?q&#61;%24PEPE&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> ($6.06M) to <a href="https://twitter.com/hashtag/Binance?src&#61;hash&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> ~7hrs ago, making $3.47M (&#43;135%) if truly selling.Moreover, the whale withdrew 75.91B <a href="https://twitter.com/search?q&#61;%24SHIB&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> ($893K) from <a href="https://twitter.com/hashtag/Binance?src&#61;hash&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> for the first time ~1hr ago. Bullish for a <a href="https://twitter.com/search?q&#61;%24SHIB&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> pump soon? <img src="https://academy-public.coinmarketcap.com/optimized-uploads/8a78d2552b624db6bed97ae3f5d26fa3.svg&#43;xml" />Follow… <a href="https://t.co/dEX9SgQXrR" rel="noopener noreferrer nofollow">pic.twitter.com/dEX9SgQXrR</a>— Spot On Chain (&#64;spotonchain) <a href="https://twitter.com/spotonchain/status/1763019862358511964?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">February 29, 2024</a></blockquote><a href="https://cryptosheadlines.com/bitcoin-tops-47k-ethereum-gains-and-pepe-price-surges-11/" rel="noopener noreferrer nofollow">PEPE’s price surged</a> by 182% in the last seven days. Meanwhile, within the same period, Shiba Inu’s price rose by 39.14%, as indicated by CoinMarketCap.<h3 id="analyzing-shiba-inu-shib-price">Analyzing Shiba Inu (SHIB) Price</h3>SHIB exited its long-standing consolidating phase as bulls seized the $0.00000942 support, propelling its price to the $0.000011 region. Despite encountering minor resistance at $0.00001134, bullish sentiment prevailed, leading SHIB to breach the hurdle.Signals from the 4-hour chart indicated bullish momentum, with the Supertrend indicator flashing a buy signal at $0.000010. The green segment of the indicator overshadowed the red area, suggesting increased buying pressure.<h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" />At press time, SHIB’s price stood at $0.00001359. Additionally, the Awesome Oscillator (AO) reading was positive, indicating a surge in upward momentum that could drive prices higher.<a href="https://cryptosheadlines.com/microstrategy-account-hacked-440k-crypto-stolen/" rel="noopener noreferrer nofollow">Also Read: MicroStrategy Account Hacked: $440K Crypto Stolen</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines003-36.png?resize&#61;640%2C420&amp;ssl&#61;1" />SHIB/USD 4-Hour Chart (Source: <a href="https://www.tradingview.com/x/mOsxRxaB/" rel="noopener noreferrer nofollow">TradingView</a>)From a bullish perspective, <a href="https://cryptosheadlines.com/0-001-shib-price-remains-achievable-as-shiba-inus-potential-shines-amidst-shibariums-success/" rel="noopener noreferrer nofollow">SHIB’s price could potentially</a> extend to $0.000015 in the short term. However, profit-taking by traders could lead to price declines. While SHIB may replicate PEPE’s performance in the long run, achieving similar gains within a week is not guaranteed.<h3 id="pepe-usd-price-analysis-market-structure-and-potential">PEPE/USD Price Analysis: Market Structure and Potential</h3>The PEPE/USD 4-hour chart exhibited a market structure reminiscent of SHIB’s. However, PEPE’s attempt at reaching another high was met with rejection as its price briefly touched $0.0000035 before swiftly falling back to $0.0000031.Currently, the Relative Strength Index (RSI) stands at 77.42, signaling that the token is overbought. In such circumstances, there is a possibility of <a href="https://cryptosheadlines.com/todays-crypto-prices-bitcoin-and-ethereum-decline-pepe-price-drops-10/" rel="noopener noreferrer nofollow">PEPE’s price declining</a>.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines004-31.png?resize&#61;640%2C420&amp;ssl&#61;1" />PEPE/USD 4-Hour Chart (Source: <a href="https://www.tradingview.com/x/XoI8UUyu/" rel="noopener noreferrer nofollow">TradingView</a>)Examining the 0.382 Fibonacci retracement level suggests that PEPE could retreat to $0.0000027. Should the token reverse its gains, traders might consider purchasing at a discounted rate, <a href="https://cryptosheadlines.com/upcoming-unlock-of-196-million-blur-tokens-potential-price-crash-ahead/" rel="noopener noreferrer nofollow">potentially driving the price</a> upwards.However, it’s essential to note that an increase in capital rotation, akin to the whale’s shift to SHIB, could challenge the <a href="https://cryptosheadlines.com/google-bard-predicts-tether-and-tradecurve-as-dominant-forces-in-the-crypto-marketpredicts-tether-and-tradecurve-as-dominant-forces-in-the-crypto-market/" rel="noopener noreferrer nofollow">bullish outlook</a> for PEPE.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

SHIB Next After PEPE’s 178% Surge?

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