Shiba Inu (SHIB) coin’s future growth remains to be seen, primarily due to its history of high price volatility.
Being among the tokens that survived the SEC war on cryptocurrency and exchanges, SHIB’s bullish run has constantly been observed with a bias. Investors are speculating how high the token can soar amid numerous ecosystem developments.
Although the asset has displayed good progress in its market value over the past weeks, technical analysis suggests the rally may encounter an imminent crash.
Shiba Inu Price Outlook
Over the past seven days, SHIB increased by 9.8% and experienced a significant increase of 18% within the past 14 days. The currency’s price has also increased by more than 22% in the last 30 days since its breakout in June.
While the Shibarum layer two blockchain announcement is a primary factor for the network’s growth, Binance’s recent approval of Shiba as a collateral asset fueled a massive liquidity surge.
🐶 Shib 🤝 Binance @binance 🏦 approves Shiba Inu (SHIB) as a collateral asset for flexible loans on its platform 🚀 HODLers can now unlock the power of their SHIB holdings with this new utility💪💰 #SHIBARMY https://t.co/EBfYrlBD4J pic.twitter.com/kTXqHMoUbA
— Shib (@Shibtoken) August 4, 2023
However, with the trading volume down by 64%, SHIB has slumped from its week’s high of $0.00001036. At 7:36 am EST, SHIB was trading at $0.00000913, with a 6% decrease in the last 24 hours.
Technical Indicators Conveying Shiba Inu Price Analysis
The red candlestick formation on the chart above indicates increased selling pressure on Shiba Inu’s market price. SHIB trades between critical moving averages (above the 50-Day and below the 200-Day SMA). This observation suggests a brief rally before a potential downturn.
SHIB’s Moving Average Convergence/Divergence (MACD) is above the signal line with green histogram bars, demonstrating a strong bullish momentum in SHIB’s market. However, a faded histogram bar has appeared, suggesting a weakening rally.
Also, the asset’s Relative Strength Index (RSI) is at 59, moving towards the oversold region, suggesting the buyers are leaving the market as bears take charge. The above market outlook suggests SHIB may experience more downturns in the next few hours and probably in the coming days.
Shiba Inu Alternative Shows Bad Bitch Tendencies As Presale Blows Over $170,000
Shibie, the Dog with the Barbie persona, is making a splash in the crypto world with captivating features that are hard to ignore. Its sassy and charismatic personality quickly captures the community’s attention, giving it a unique and standout presence in the blockchain.
One notable feature of Shibie is its community-focused tokenomics that prioritizes community engagement and rewards active users. Shibie Coin embraces an approach that fosters a vibrant and active community, leveraging community support to promote growth and success.
Features and Tokenomics
Shibie Coin’s whitepaper outlines a plan featuring a total supply of 10 billion $SHIBIE tokens. The distribution plan includes 60% for the ongoing presale, 20% allocated for DEX liquidity, 10% for CEX listings, and 5% each for marketing activities and the development team.
This strategic allocation encourages active engagement and community involvement, solidifying Shibie Inu-Barbie’s position as the “queen of the crypto world.”
The roadmap shows the presale is just the beginning for $SHIBIE, as it reveals ambitious expansion plans. The project aims to secure primary listings on major CEXs, leading to a diverse user base and establishing its presence in the meme coin market.
Marketing is also a top priority for $SHIBIE as the team plans to introduce an AI-powered Telegram bot. This expansion will drive increased trading volume, enhance liquidity, reduce price volatility, and generate more interest in the market.
Shibie Says Final Roll Call, Maintaining $999,999 Hard Cap
The Shibie Coin presale is on its final roll call, selling out hot with over $170,000 of a hard cap of $999,999 raised within a few days. There are only seven days left for investors to join before the curtain draws to a close.
Each $SHIBIE token goes for $0.00167 during the presale, with 6 billion tokens awaiting to grace the investors’ wallets fast enough to get on early. SHIBIE’s presale price offers an accessible entry point, welcoming everyone to participate.
Beyond being an attractive investment opportunity, the presale also plays a crucial role in establishing a solid foundation for Shibie Coin’s future DEX launch.
Potential investors can purchase $SHIBIE via the official website by connecting their wallets (preferably Trust Wallet and MetaMask wallet) and swapping $ETH or $USDT with SHIBIE tokens. The minimum investment threshold is 100 tokens.
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