Shiba Inu is a memecoin that was built on the Ethereum blockchain. It is easily recognizable due to the Shiba Inu dog image created on it. The crypto market population considers the token a close substitute for Dogecoin, while some call it the ‘Dogecoin Killer.’ Shiba Inu was created in 2020 by a group called Ryoshi. Shiba Inu gained fame in the market after it experienced a massive surge that took its market cap to $41 billion in October 2021. One of the proponents of the rise was Elon Musk, who tweeted a picture of his new puppy named Floki. Shiba Inu directly rivals Dogecoin in the market and has overthrown the token at one point in the market. It remains unseen if this will eventually happen.

Shiba Inu price has dropped to the GoldenPocket of the recent up move after breaking the trendline that served as support. Currently, the price is finding support at the GoldenPocket which is located at $0.00000245, which gives us a bullish sentiment. As long as the Shiba Inu price holds this GoldenPocket and thus forms a higher low, we expect prices to rise. Next, the price may retest the trend line, which serves as resistance. At the same time, the former support trendline might be retested to confirm the break.

At the moment the Shiba Inu course is in a bit of a quandary, which is why it would have to decide where to go in the next few days. If the GoldenPocket bearishly breaks, we would expect the price to resume the downtrend. If the trend line, which has served as resistance for several weeks, breaks, we expect prices to rise.

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If we zoom out a bit from the chart, we can see that the Shiba Inu price has historically formed resistance at $0.0000331 and $0.000003844. Those would be our next targets, assuming the GoldenPocket child we touched on earlier holds up. Optimally, if resistances break, which we don't expect, the price could test the GoldenPocket of the last full move down. This is located at around $0.00006.

A few days ago, the US and many EU countries agreed to ban Russian banks from the SWIFT system. This comes as one of the sanctions that were imposed on Russia for breaking into Ukrainian territories. What other alternatives are there to bypass those financial sanctions? Well, cryptocurrencies!

If Russia was to pay anyone without going through regulatory bodies, they can do so via cryptos easily. Iran is another sanctioned country that also used cryptocurrencies back when the US imposed sanctions when Trump was in office. Russia’s economy is more than 10x times bigger than Iran’s. When Russia starts turning to cryptos, it’ll create a significant volume, thus definitely moving crypto markets accordingly.

Shiba Inu price was sinking despite much positive news in their community. After an extended downtrend, Shiba prices consolidated in February awaiting a further push upwards. With the Russian ban in place, Shiba exploded and reached +15% on the daily chart.

Based on the current situation, it looks like the downtrend of Shiba Inu broke. Why? Well, after the downtrend, a slight consolidation occurred around the price of $0.00002. Today, prices are increasing again along with the entire cryptocurrency market. If prices pick up correctly and establish well above 0.00003, we can definitely expect prices to reach higher and double from their low.

Before reaching $0.00004, SHIB needs to prove its upward trend by reaching the first milestone of $0.000035. Only by breaking this price upwards can we confirm the new Shiba Inu up price. Since previous community developments are already out there, prices should have a strong comeback upwards.

On the other hand, it is always a good idea to keep a smart stop-loss price to liquidate and limit our losses in case prices turn against us. There is nothing wrong with exiting the positions and buying back lower. The price to watch for this specific case is $0.000025.

Shiba Inu is a popular cryptocurrency and can be found on many exchanges. It is always a good idea to only deal with safe and secure exchanges. That’s why we at CryptoTicker suggest using the following:

• Binance
• Kraken
• Coinbase
• KuCoin

The Shiba Inu coin has risen massively in the last few hours. This meme coin gained about 20% and thus made an extreme price jump for the first time in a long time. Meme coins remain a hot investment despite the backlashes from tech crypto junkies. Why is SHIB up 20% and should you jump on board to buy SHIB? Let's dive right in!

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In the last few weeks, things have been rather quiet for the Shiba Inu Coin. For a long time, bearish news dominated the market, and meme coins suffered losses as a result. Meme coins such as Dogecoin or the Shiba Inu record high price gains, especially during bullish times.

In mid-January, the Shiba Inu once again posted strong gains when Elon Musk announced that the coin could be used as payment for Tesla merchandise. After that, however, little was heard of the cryptocurrency. If we look closely at figure 1, we can clearly see the consolidation that occurred since the 22nd of January 2022. The current price boom was imminent after such price-action.

Currently, there has been a massive increase in the price of Shiba Inu by around 20%. It went from $0.00023 to $0.00028 in the past 24 hours. The rise came at a time when bitcoin and other coins are in more of a sideways movement. This shows that SHIB tends to be a lagger when other major cryptos start to move.

Now is an ideal point to get into the Shiba Inu Coin. Buy bitcoin and other cryptocurrencies on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !

Meme coins like SHIBA or DOGE can always see extreme price jumps within a short time. There is always uncertainty as to how stable these price movements are. Meme coins are considered to be much more volatile than other types of cryptocurrencies, hence their current +20% price-action.

Based on the current technical formation of SHIB, a break upwards in the trend was bound to happen. While other cryptos broke away from their downtrend and reversed, the SHIB token lagged. Afterwards, a price boom occurred to compensate for this price lag. Today, we can see a break in the resistance price of $0.000028.

If the current price stays above the $0.000028 area and the crypto market in general continues on its bullish trend, SHIB should most likely return to its previous levels.

With the rise of the Shiba Inu course, we can be the great potential of the meme coins. If the bull market picks up speed again in February, these coins could see extreme price increases again in the next few weeks.

It is therefore advisable to also keep a certain proportion of meme coins in your portfolio. Although there is a higher risk with this investment than with Bitcoin, for example, the possible profits can be extremely high.

You can now buy the Shiba Inu Coin cheaply on the crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex.

The Shiba Inu Coin was one of the big surprises of 2021. The meme coin experienced massive hype and an extreme rise into the top 10 cryptocurrencies by market capitalization. Despite the current crypto market crash, SHIBA INU might be a good buy if you are considering investing in one of the meme coins available. Let's name 3 reasons why Shiba Inu 2022 Coin might strive further.

If we ask ourselves whether a meme coin can be successful in the long term, we just have to look at the "big brother" Dogecoin. This meme coin experienced a great rise in 2017. During the massive bull market at the end of the year 2021, the meme currency gained tremendously in value for the first time. Thanks to Elon Musk, the entire Dog token market rose and became the center of attention in the meme coin scene. On the other hand, while Dogecoin and other dog tokens seem to be dependent on Elon's Twitter activity, Shiba Inu seems to be slowly detaching from this web.

Dogecoin lost value again in 2018, but was able to stay in the top 30 cryptocurrencies. Many observers who believed that Dogecoin should remain a short-term phenomenon have been taught better. The Shiba Inu Coin has a prominent role model here for the year 2022.

It's no secret that meme coins gain massively in value, especially in bullish weeks. However, they also lose a lot in bear markets. So far, the Shiba Inu Coin has held up very well in the final weeks of 2021 and early 2022, although the market has been very bearish.

In 2022, however, the market appears to remain largely bullish. Historically, we have not seen the great parabolic slope of the Bitcoin price and later the Altcoin rate. It is very likely that the 4-year Bitcoin cycle has lengthened. This should benefit Shiba Inu in 2022.

A few years ago, meme coins were considered pure fun currencies with no specific use cases. This has now changed. Many meme coins have large ecosystems and can fulfill different functions - from means of payment to the main basis of dApps...it looks like this project is steadily becoming more mature.

As a project, Shiba Inu has its own ecosystem, which has 3 tokens of its own: Shiba Inu (SHIB), Leash (LEASH), and Bone (BONE). Shiba Inu also supports smart contracts and can be staked and users can generate passive income. Shiba Inu should therefore also remain relevant in 2022. Let's see how 2022 treats Shiba Inu tokens!

You can purchase the Shiba Inu tokens on the  Binance ,  Coinbase ,  Kraken  and  Bitfinex crypto exchanges.

Shiba Inu prices fell by around 18% recently. Does that mean that the price could no longer reach $ 0.000045, or are the odds as good as before, or even better? In this article, we're going to talk about a Shiba Inu Price Prediction.

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Despite a major sell-off, we don't necessarily have to be bearish, or a sell-off doesn't have to be bearish. In that case, it was rather healthy for the Shiba Inu course. Price has risen quite a bit since hitting the +/- $ 0.000031 support. Because of this, a correction is good in this case. The course was able to correct the entire rise up to the GoldenPocket. After the course started the correction, it was able to complete the correction on the GoldenPocket. Now the price has performed a Doji in the last candle of the day, which is why we are assuming rising prices.

Since the Shiba Inu price corrected up to the GoldenPocket, it was able to form a possible ABC sequence. This ABC sequence has the first target at +/- $ 0.000045. The course could experience another correction there. After that, after the future correction is complete, the Shiba Inu course could complete the ABC sequence completely. The final goal of the ABC sequence is between $ 0.000052 and $ 0.000056. After the goal has been achieved, we assume another correction. Let's follow up in a later price prediction article! Stay posted ;)

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The adjustment day for cryptos is here. After an extended upward momentum, most cryptocurrencies are taking a breather. On the other hand, Shiba Inu token jumped 50% in the past 24 hours, reaching a market cap valuation of USD 17 Billion. Why is SHIBA INU up that much while cryptos are sinking? In this article, we'll mainly focus on the technicals behind this price jump.

Shiba Inu's price started to increase after Coinbase announced that they were going to list the token on their exchange. In fact, Coinbase is one of the biggest exchanges in the US and has significant crypto trading volumes. This news came of course in a positive push for SHIB prices. Back then, prices jumped by 35% right after the news. Additionally, prices started to pick up and prepare for higher highs.

After that, prices continued on a slight uptrend, until prices exploded. In the past 24 hours, SHIB managed to increase by 50%. In turn, it became the 11th largest cryptocurrency by market capitalization. This comes after a petition on change.org that demands Robinhood to also list SHIB on its platform, got more than 300,000 signatures.

After this strong price rally, it is normal t see a short-term adjustment in prices. In fact, prices are already witnessing some breathers and profit-taking from those short-term traders. The Fibonacci retracement shows a 38.2% retreat in prices towards the USD 0.0000374 level. If you are considering buying SHIB, it is advisable to wait for further adjustment towards the 0.000033 area.

On the other hand, the SHIB ecosystem showcased many NFT tokens, and a specialized page for them that is already sold out. They are on the other hand promising to drop further NFTs soon up for grabs. "Memes are here to stay", said the head of the OTC operations over at FTX exchange. If the NFT drop garners another success and Robinhood ends up by listing SHIB on its platform, SHIB is expected to boom following those events.

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Rudy Fares