Shiba Inu (SHIB) is pushing high with strong support, but following a +12.5% move, will the MA200 flip and is it too late to buy Shiba Inu – find out in SHIB price analysis.
This comes amid an impressive recovery for SHIB, which has climbed up +83% over the last 60 days, as bag holders remain in accumulation phase for leading meme coin.
SHIB Price Analysis: Is it Too Late to Buy Shiba Inu?
With Shiba Inu pushing up holders are aiming to squash another zero, leaving SHIB trading high at a current price of $0.00000993 (a 24-hour change of 4.20%).
Support from the 20DMA, which flipped from resistance on July 13 has provided the footing for an impressive movement since July 28, coming up +27.25% to touch resistance from the 200DMA.
This comes after 200DMA support was lost on April 20 in a move that triggered the -48% major retracement, highlighting the importance of this critical resistance area.
Initial rejection from the 200DMA resistance over the weekend has left price action in remarkably good form after the emergence of a bullish pan-handle pattern this week.
And now price seems set on a retest that could decide whether SHIB continues its rally or plummets back to the lower trendline.
The RSI provides some cause for concern here, having heated up significantly on the +12.5 move, now displaying an overbought signal at 67.25 – consolidation could be necessary at this level before pushing up.
On the other hand the MACD remains bullish, with the indicator showing minor divergence at 0.00000046.
With substantial buy pressure underlaying the price action, upside potential is dependent on the 200DMA if it flips to provide support, SHIB is targeting a higher price level at $0.000002 (+20%).
However, if the 200DMA rejects then price action will fall to retest support at the 20DMA around $0.00000085 (-14.5%).
This leaves SHIB with a risk: reward ratio of 1.36 – a reasonably attractive entry but entirely dependent on the 200DMA retest.
But while the SHIB army are staring at charts, smart money has already clocked onto the next moon-shot in the space, and in a move banking big on Barbenheimer – investors are flocking to the Shibie presale.
Barbenheimer Franchise Catalyzes Moon-shot Presale, Exploding Beyond $230,000
There’s a new pup in town, and it’s gearing up to leave a paw print so indelible that you’ll be talking about it for years to come.
Meet Shibie, the glamorous Shiba Inu-Barbie crossbreed ready to take the crypto space by storm – yes, you heard right. Hollywood’s blockbuster sensation Barbie and the ever-viral Shiba Inu have joined forces in the form of this disruptive token, set to redefine the meme coin space.
Without wasting a second, the Shibie presale is on with almost $230,000 already raised, and with 60% of supply on offer, tokens are priced at an alluring $0.000167, there’s simply no time to waste.
Remember, we’re talking about raising a small seed funding round of $999,999, which could sell out in the blink of an eye considering the buzz around Shibie. So, make your move, and make it fast.
Barbie-Themed Meme Coin Gains Traction With Gen X Crypto Investors
With 1,000x gains or even more on the horizon, Shibie is set to outshine even the brightest stars in the crypto market.
What sets Shibie apart is its unique fusion of two cultural icons – the Shiba Inu and Barbie, creating an alluring charm that’s hard to resist.
This playful union of whimsy and glamor, encapsulated in a single token, is sure to captivate audiences and break boundaries as Barbie smashes the 15-year old box office record.
Dedicated to creating a diverse and inclusive community, the Shibie team has allocated 20% of the $SHIBIE token supply to DEX liquidity and 10% to centralized exchange (CEX) liquidity.
This strategy ensures smooth trading conditions right from its initial launch while widening $SHIBIE’s reach.
With a massive marketing drive in the pipeline, Shibie is all set to make headlines.
The team’s strong focus on liquidity and clever marketing ensures a vibrant presence across various media platforms, making Shibie the talk of the town – connect with the Shibie Telegram and Twitter to stay up-to-date.
Be a part of the Shibie revolution – seize the opportunity, invest in the presale, and make your mark in the crypto meme coin vertical.
Buy SHIBIE Here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Credit: Source link
