{"id":534005,"date":"2023-05-19T11:30:20","date_gmt":"2023-05-19T11:30:20","guid":{"rendered":"https:\/\/ktsl888.com\/?p=534005"},"modified":"2023-05-19T11:23:18","modified_gmt":"2023-05-19T11:23:18","slug":"shiba-inu-sees-juicy-capital-inflows","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/shiba-inu-sees-juicy-capital-inflows\/","title":{"rendered":"Shiba Inu Sees Juicy Capital Inflows – An Imminent Rebound in Sight?"},"content":{"rendered":"

Shiba Inu (SHIB) has recently caught the attention of investors as its chart reflects a significant surge in capital inflows and buying pressure. These developments have left many speculators wondering if this positive momentum will be sufficient to initiate a much-anticipated price rebound.\u00a0<\/span><\/p>\n

With increased interest and activity surrounding Shiba Inu, all eyes are now focused on whether this surge in support will ultimately lead to a revitalization of the cryptocurrency’s fortunes.<\/span><\/p>\n

Related Reading: Ethereum Whale Resurfaces After 2-Year Hiatus, Stakes $7.4 Million In ETH<\/a><\/div>\n

Shiba Inu Price Consolidation And Increased Capital Inflows<\/strong><\/h2>\n

Shiba Inu, over the past few days, has witnessed relatively low volatility on higher timeframe price charts. From May 8 onwards, its price has oscillated within a range of $0.00000832 and $0.00000914, indicating a period of consolidation.<\/span><\/p>\n

At the time of writing, <\/span>CoinGecko<\/span><\/a> reflects Shiba Inu’s price at a mere $0.00000871. In the past 24 hours, the cryptocurrency experienced a slight slump of 1.4%. The meme coin was up a very modest 0.3% over the course of the last seven days.<\/span><\/p>\n

\"\"<\/p>\n

Source: Coingecko<\/pre>\n
Despite the recent price consolidation, the daily chart’s CMF (Chaikin Money Flow) and RSI (Relative Strength Index) have <\/span>shown notable upward movements<\/span> in the past few days. The CMF suggests increased capital inflows, while the RSI indicates rising buying pressure.<\/span><\/p>\n
SHIB Potential Rally Based On Fib Retracement, Market Conditions<\/strong><\/h2>\n
To analyze the potential price movement of Shiba Inu, traders have utilized the Fibonacci retracement tool by placing it between the swing high of the first quarter (Q1) and the lows observed in December. This tool helps identify crucial levels based on the Fibonacci sequence.<\/span><\/p>\n
If the current trend in SHIB continues and the overall macro environment conditions continue to improve, there is a <\/span>possibility of a rally.<\/span><\/a> This rally could lead SHIB to reach the 23.6% Fibonacci retracement level, which stands at approximately $0.00000967.<\/span><\/p>\n
Fibonacci retracement levels are commonly used in technical analysis to identify potential support and resistance levels based on the historical price movement. The 23.6% level often represents an initial area of interest where a significant rebound or reversal could occur.<\/span><\/p>\n
<\/p>\n
SHIB market cap nearly unchanged at $5.22 billion. Chart: TradingView.com<\/a><\/pre>\n
Related Reading: Bitcoin \u2018Shrimp\u2019 Catch Soars To All-Time High Of 1.31 Million Coins \u2013 Details<\/a><\/div>\n
Factors Influencing SHIB’s Potential Rally<\/strong><\/h3>\n
The realization of this potential rally in SHIB is contingent upon various factors, including the continuation of the current trend, market sentiment, and broader macroeconomic conditions. Positive developments and easing conditions could contribute to an upward movement in SHIB’s price.<\/span><\/p>\n
As traders and investors monitor these factors and the Fibonacci retracement levels, they will closely observe whether SHIB can indeed rally to the 23.6% Fib level, and if so, what implications it may have for the cryptocurrency’s future trajectory.<\/span><\/p>\n
-Featured image from Nairametrics<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu (SHIB) has recently caught the attention of investors as its chart reflects a significant surge in capital inflows and buying pressure. These developments have left many speculators wondering if this positive momentum will be sufficient to initiate a much-anticipated price rebound.\u00a0 With increased interest and activity surrounding Shiba Inu, all eyes are now focused on whether this surge in support will ultimately lead to a revitalization of the cryptocurrency’s fortunes. Related Reading: Ethereum Whale Resurfaces After 2-Year Hiatus, Stakes $7.4 Million In ETH Shiba Inu Price Consolidation And Increased Capital Inflows Shiba Inu, over the past few days, has witnessed relatively low volatility on higher timeframe price charts. From May 8 onwards, its price has oscillated within a range of $0.00000832 and $0.00000914, indicating a period of consolidation. At the time of writing, CoinGecko reflects Shiba Inu’s price at a mere $0.00000871. In the past 24 hours, the cryptocurrency experienced a slight slump of 1.4%. The meme coin was up a very modest 0.3% over the course of the last seven days. Source: Coingecko Despite the recent price consolidation, the daily chart’s CMF (Chaikin Money Flow) and RSI (Relative Strength Index) have shown notable upward movements in the past few days. The CMF suggests increased capital inflows, while the RSI indicates rising buying pressure. SHIB Potential Rally Based On Fib Retracement, Market Conditions To analyze the potential price movement of Shiba Inu, traders have utilized the Fibonacci retracement tool by placing it between the swing high of the first quarter (Q1) and the lows observed in December. This tool helps identify crucial levels based on the Fibonacci sequence. If the current trend in SHIB continues and the overall macro environment conditions continue to improve, there is a possibility of a rally. This rally could lead SHIB to reach the 23.6% Fibonacci retracement level, which stands at approximately $0.00000967. Fibonacci retracement levels are commonly used in technical analysis to identify potential support and resistance levels based on the historical price movement. The 23.6% level often represents an initial area of interest where a significant rebound or reversal could occur. SHIB market cap nearly unchanged at $5.22 billion. Chart: TradingView.com Related Reading: Bitcoin \u2018Shrimp\u2019 Catch Soars To All-Time High Of 1.31 Million Coins \u2013 Details Factors Influencing SHIB’s Potential Rally The realization of this potential rally in SHIB is contingent upon various factors, including the continuation of the current trend, market sentiment, and broader macroeconomic conditions. Positive developments and easing conditions could contribute to an upward movement in SHIB’s price. As traders and investors monitor these factors and the Fibonacci retracement levels, they will closely observe whether SHIB can indeed rally to the 23.6% Fib level, and if so, what implications it may have for the cryptocurrency’s future trajectory. -Featured image from Nairametrics<\/p>\n","protected":false},"author":557,"featured_media":534009,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1144,8686,83767,4735,84473,83667],"class_list":["post-534005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-ethusd","tag-meme-coins","tag-price-action","tag-shib-price","tag-shiba-inu"],"acf":[],"yoast_head":"\nShiba Inu Sees Juicy Capital Inflows - A Rebound in Sight?<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) has recently caught the attention of investors as its chart reflects a significant surge in capital inflows and buying pressure. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Sees Juicy Capital Inflows – An Imminent Rebound in Sight?","url":"http:\/\/ktsl888.com\/news\/shiba-inu-sees-juicy-capital-inflows\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/shiba-inu-sees-juicy-capital-inflows\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/a-117.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/a-117.png?fit=696%2C345"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","ethusd","meme coins","price action","shib price","shiba inu"],"dateCreated":"2023-05-19T11:30:20Z","datePublished":"2023-05-19T11:30:20Z","dateModified":"2023-05-19T11:30:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Sees Juicy Capital Inflows – An Imminent Rebound in Sight?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/shiba-inu-sees-juicy-capital-inflows\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/shiba-inu-sees-juicy-capital-inflows\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/a-117.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/a-117.png?fit=696%2C345\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"ethusd\",\"meme coins\",\"price action\",\"shib price\",\"shiba inu\"],\"dateCreated\":\"2023-05-19T11:30:20Z\",\"datePublished\":\"2023-05-19T11:30:20Z\",\"dateModified\":\"2023-05-19T11:30:20Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/a-117.png?fit=696%2C345","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/534005"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=534005"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/534005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/534009"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=534005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=534005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=534005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}