{"id":555713,"date":"2023-10-17T10:45:19","date_gmt":"2023-10-17T10:45:19","guid":{"rendered":"https:\/\/ktsl888.com\/?p=555713"},"modified":"2023-10-17T10:09:10","modified_gmt":"2023-10-17T10:09:10","slug":"shiba-inu-shatters-resistance-a-sign-of-a-bigger-reversal","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/shiba-inu-shatters-resistance-a-sign-of-a-bigger-reversal\/","title":{"rendered":"Shiba Inu Shatters Resistance: A Sign Of A Bigger Reversal?"},"content":{"rendered":"

Shiba Inu (SHIB) has recently embarked on a surprising journey, defying the odds and setting the stage for a potential game-changing reversal.\u00a0<\/span><\/p>\n

A <\/span>recent report<\/span><\/a> unveils fascinating insights into SHIB’s price action, highlighting both optimism and caution in equal measure.<\/span><\/p>\n

SHIB, currently priced at $0.00000705 according to <\/span>CoinGecko<\/span><\/a>, has exhibited remarkable resilience in the face of adversity. Over the past 24 hours, it faced a modest 0.9% decline, while the seven-day dip amounted to 1.6%. However, the most intriguing aspect of SHIB’s journey lies in its confrontation with a critical resistance level.<\/span><\/p>\n

Related Reading: XRP On The Cusp Of Redemption? Unveiling Data-Backed Insights<\/a><\/div>\n

Recent market analysis reveals that SHIB is engaged in a fierce struggle with the 21-day Exponential Moving Average (EMA), a pivotal indicator for deciphering bullish or bearish trends in the world of cryptocurrencies. This battle has not gone unnoticed by traders, who are eagerly awaiting the outcome.<\/span><\/p>\n

Bulls Vs. Bears: The SHIB Tug Of War<\/strong><\/h2>\n

SHIB’s recent price action indicates a tug of war between bears and bulls, with the cryptocurrency precariously perched at a crucial resistance level. Should SHIB manage to conclusively close above this level, traders and investors could witness the resurgence of bullish momentum.\u00a0<\/span><\/p>\n

<\/p>\n

SHIB market cap currently at $4.16 billion on the daily chart: TradingView.com<\/a><\/pre>\n
While SHIB enthusiasts are buoyed by the positive signs on the chart, there is one conspicuous element causing concern\u2014the declining trading volume. A reliable rule of thumb in crypto markets is that a cryptocurrency battling significant resistance, like the 21-day EMA, should ideally be accompanied by surging trading volumes.<\/span><\/p>\n
Related Reading:  XRP Path To Recovery: Will $0.5 Be Conquered?<\/a><\/div>\n
Increasing volumes signify robust buying interest and provide substantial validity to price movements. In the case of SHIB, the diminishing volume paints a contradictory picture. The declining interest from traders and investors raises questions about the sustainability of any potential bullish surge.<\/span><\/p>\n
\"\"<\/p>\n
SHIB price action in the last week. Source: Coingecko<\/pre>\n
What Lies Ahead For SHIB?<\/strong><\/h2>\n
The Shiba Inu community eagerly watches as their beloved cryptocurrency navigates these challenging waters. The battle with resistance and the conundrum of decreasing trading volumes offer mixed signals, making it imperative for investors to exercise caution.<\/span><\/p>\n
SHIB’s journey remains one of <\/span>unpredictability and volatility<\/span><\/a>. Only time will reveal whether the recent breakthrough will pave the way for a lasting bullish trend or if caution will be the name of the game. In the ever-changing world of cryptocurrencies, one thing is certain: Shiba Inu continues to be a captivating, enigmatic player in the digital asset landscape.\u00a0<\/span><\/p>\n
As the market closely monitors these developments, the importance of tracking both technical indicators and market sentiment becomes increasingly apparent for traders and investors alike.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from Gfinity Esports<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu (SHIB) has recently embarked on a surprising journey, defying the odds and setting the stage for a potential game-changing reversal.\u00a0 A recent report unveils fascinating insights into SHIB’s price action, highlighting both optimism and caution in equal measure. SHIB, currently priced at $0.00000705 according to CoinGecko, has exhibited remarkable resilience in the face of adversity. Over the past 24 hours, it faced a modest 0.9% decline, while the seven-day dip amounted to 1.6%. However, the most intriguing aspect of SHIB’s journey lies in its confrontation with a critical resistance level. Related Reading: XRP On The Cusp Of Redemption? Unveiling Data-Backed Insights Recent market analysis reveals that SHIB is engaged in a fierce struggle with the 21-day Exponential Moving Average (EMA), a pivotal indicator for deciphering bullish or bearish trends in the world of cryptocurrencies. This battle has not gone unnoticed by traders, who are eagerly awaiting the outcome. Bulls Vs. Bears: The SHIB Tug Of War SHIB’s recent price action indicates a tug of war between bears and bulls, with the cryptocurrency precariously perched at a crucial resistance level. Should SHIB manage to conclusively close above this level, traders and investors could witness the resurgence of bullish momentum.\u00a0 SHIB market cap currently at $4.16 billion on the daily chart: TradingView.com While SHIB enthusiasts are buoyed by the positive signs on the chart, there is one conspicuous element causing concern\u2014the declining trading volume. A reliable rule of thumb in crypto markets is that a cryptocurrency battling significant resistance, like the 21-day EMA, should ideally be accompanied by surging trading volumes. Related Reading: XRP Path To Recovery: Will $0.5 Be Conquered? Increasing volumes signify robust buying interest and provide substantial validity to price movements. In the case of SHIB, the diminishing volume paints a contradictory picture. The declining interest from traders and investors raises questions about the sustainability of any potential bullish surge. SHIB price action in the last week. Source: Coingecko What Lies Ahead For SHIB? The Shiba Inu community eagerly watches as their beloved cryptocurrency navigates these challenging waters. The battle with resistance and the conundrum of decreasing trading volumes offer mixed signals, making it imperative for investors to exercise caution. SHIB’s journey remains one of unpredictability and volatility. Only time will reveal whether the recent breakthrough will pave the way for a lasting bullish trend or if caution will be the name of the game. In the ever-changing world of cryptocurrencies, one thing is certain: Shiba Inu continues to be a captivating, enigmatic player in the digital asset landscape.\u00a0 As the market closely monitors these developments, the importance of tracking both technical indicators and market sentiment becomes increasingly apparent for traders and investors alike. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Gfinity Esports<\/p>\n","protected":false},"author":557,"featured_media":555724,"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-555713","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 Shatters Resistance: A Sign Of A Bigger Reversal?<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) has recently embarked on a surprising journey, defying the odds and setting the stage for a potential game-changing reversal.\u00a0 A recent\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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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 Shatters Resistance: A Sign Of A Bigger Reversal?","url":"http:\/\/ktsl888.com\/news\/shiba-inu-shatters-resistance-a-sign-of-a-bigger-reversal\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/shiba-inu-shatters-resistance-a-sign-of-a-bigger-reversal\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/a-48.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/a-48.png?fit=626%2C327"},"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":"2023-10-17T10:45:19Z","datePublished":"2023-10-17T10:45:19Z","dateModified":"2023-10-17T10:45:19Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Shatters Resistance: A Sign Of A Bigger Reversal?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/shiba-inu-shatters-resistance-a-sign-of-a-bigger-reversal\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/shiba-inu-shatters-resistance-a-sign-of-a-bigger-reversal\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/a-48.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/a-48.png?fit=626%2C327\"},\"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\":\"2023-10-17T10:45:19Z\",\"datePublished\":\"2023-10-17T10:45:19Z\",\"dateModified\":\"2023-10-17T10:45:19Z\"}<\/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\/10\/a-48.png?fit=626%2C327","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/555713","targetHints":{"allow":["GET"]}}],"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=555713"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/555713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/555724"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=555713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=555713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=555713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}