ShibaInu reaches the 61.8% Fibonacci extension level - a wave of profit-taking could ensue
On-chain metrics showed that Shiba Inu could face some selling pressure as holders race to book their profits. From a technical perspective, the higher timeframe bias remained bullish.Source: SHIB/USDT on TradingView
The CMF was also above +0.05 mark, indicating significant capital flow into the market. The CMF rose throughout the past week and stood at +0.17. The market structure remained strongly bullish. A move into the $0.00001 zone of support can offer a buying opportunity since the price consolidated there for a few days. On higher timeframes such as the daily, a session close below $0.00001 would flip the structure to bearish.Is your portfolio green? Check theSantiment
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Analyzing Shiba Inu’s legitimacy after the launch of Layer 2 solutionShiba Inu announced the Layer 2 solution Shibarium. Shibarium aimed to legitimize SHIB and boost DeFi growth, but faced short-term skepticism. As per an announcement on 16 January, Shiba Inu’s [SHIB] would soon launch their own Layer 2 solution, called Shibarium. This move by Shiba Inu is significant for the project as it aims to […]
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Why does Shiba Inu [SHIB] continue to stagger despite the Shibarium update?SHIB flipped stETH for the biggest holding by dollars among the top 500 ETH whales. Metrics and market indicators were bearish. The Shiba Inu [SHIB] community’s expectations for SHIB did not go as planned, as the memecoin’s price declined by more than 2% in the last 24 hours, according to CoinMarketCap. At press time, it […]
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Gun ban will silence Olympic-level competitive shooting in Canada, advocates fearExemptions allowing only elite\u002Dlevel athletes to buy and possess target shooting firearms could spell the end of the sport in the country
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Gun ban will silence Olympic-level competitive shooting in Canada, advocates fearExemptions allowing only elite\u002Dlevel athletes to buy and possess target shooting firearms could spell the end of the sport in the country
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