Rally

Bitcoin

Dogecoin

Shiba Inu

<div class="fintechs"> 
 <figure class="wp-block-image size-full is-resized"> 
 <img decoding="async" src="https://cdn.thebittimes.com/images/2023/08/07/bbe9d03d9bc791efaefa977bcbed1657.webp" alt="Analyst Warns of Imminent SHIB Correction After Latest Rally" class="wp-image-29511 jetpack-lazy-image" width="640" height="366" data-recalc-dims="1" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/08/07/725e5f114fff9972c827c3632c5e4fda.webp 750w, https://cdn.thebittimes.com/images/2023/08/07/725e5f114fff9972c827c3632c5e4fda.webp 300w" data-lazy-sizes="(max-width: 640px) 100vw, 640px" data-lazy-src="https://i0.wp.com/fintechs.fi/wp-content/uploads/2021/10/shib.jpeg?resize=640%2C366&amp;is-pending-load=1#038;ssl=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7"> 
 <noscript> 
 <img data-lazy-fallback="1" decoding="async" src="https://cdn.thebittimes.com/images/2023/08/07/bbe9d03d9bc791efaefa977bcbed1657.webp" alt="Analyst Warns of Imminent SHIB Correction After Latest Rally" class="wp-image-29511" width="640" height="366" srcset="https://cdn.thebittimes.com/images/2023/08/07/725e5f114fff9972c827c3632c5e4fda.webp 750w, https://cdn.thebittimes.com/images/2023/08/07/725e5f114fff9972c827c3632c5e4fda.webp 300w" sizes="(max-width: 640px) 100vw, 640px" data-recalc-dims="1"> 
 </noscript> 
 </figure> 
 According to a well-known analyst, Shiba Inu’s (SHIB) most recent gain may have been a trap for bulls hoping to accumulate meme coins. 
 Shiba Inu is currently experiencing a spike within a macro slump, according to pseudonymous expert Cheds, who has 311,700 followers on Twitter. 
 The analyst predicts that the surge would likely catch SHIB supporters off guard because they hoped the leading meme coin would reverse its trend and start a solitary bull run. 
 “SHIB strong bounce in a strong downtrend. May be setting up for a short here soon.”&nbsp; 
 Cheds claims that after potentially printing a blow-off top on the four-hour chart, bulls are beginning to exhibit indications of weariness. Additionally, he claims that if SHIB rises beyond $0.00001075, his bearish outlook will be rendered meaningless. 
 After printing its 2023 low of roughly $0.0000054 in June, Shiba Inu is currently experiencing a significant uptrend. The Dogecoin (DOGE) rival is now worth 0.00001013, up more than 14% from the previous day. 
 Cheds claims that after dropping to about $28,600, Bitcoin (BTC) may have already printed a local bottom. 
 “BTC students should note that (the August 1st) low of $28,612 should be enough to satisfy the initial call for a mean reversion. 
 Going forward, consider it a throwback which now adds importance to that price zone.”&nbsp; 
 <figure class="wp-block-image size-large is-resized"> 
 <img decoding="async" src="https://cdn.thebittimes.com/images/2023/08/07/b1a4994f3d4beee502aac25730567f87.webp" alt class="wp-image-41349 jetpack-lazy-image" width="640" height="381" data-recalc-dims="1" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/08/07/78fb9d9e0d3fa18adf235783e78e577e.webp 1024w, https://cdn.thebittimes.com/images/2023/08/07/78fb9d9e0d3fa18adf235783e78e577e.webp 300w, https://cdn.thebittimes.com/images/2023/08/07/78fb9d9e0d3fa18adf235783e78e577e.webp 768w, https://cdn.thebittimes.com/images/2023/08/07/78fb9d9e0d3fa18adf235783e78e577e.webp 1536w, https://cdn.thebittimes.com/images/2023/08/07/78fb9d9e0d3fa18adf235783e78e577e.webp 1559w, https://cdn.thebittimes.com/images/2023/08/07/78fb9d9e0d3fa18adf235783e78e577e.webp 1280w" data-lazy-sizes="(max-width: 640px) 100vw, 640px" data-lazy-src="https://i0.wp.com/fintechs.fi/wp-content/uploads/2023/08/23.jpg?resize=640%2C381&amp;is-pending-load=1#038;ssl=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7"> 
 <noscript> 
 <img data-lazy-fallback="1" decoding="async" loading="lazy" src="https://cdn.thebittimes.com/images/2023/08/07/b1a4994f3d4beee502aac25730567f87.webp" alt="" class="wp-image-41349" width="640" height="381" srcset="https://cdn.thebittimes.com/images/2023/08/07/78fb9d9e0d3fa18adf235783e78e577e.webp 1024w, https://cdn.thebittimes.com/images/2023/08/07/78fb9d9e0d3fa18adf235783e78e577e.webp 300w, https://cdn.thebittimes.com/images/2023/08/07/78fb9d9e0d3fa18adf235783e78e577e.webp 768w, https://cdn.thebittimes.com/images/2023/08/07/78fb9d9e0d3fa18adf235783e78e577e.webp 1536w, https://cdn.thebittimes.com/images/2023/08/07/78fb9d9e0d3fa18adf235783e78e577e.webp 1559w, https://cdn.thebittimes.com/images/2023/08/07/78fb9d9e0d3fa18adf235783e78e577e.webp 1280w" sizes="(max-width: 640px) 100vw, 640px" data-recalc-dims="1"> 
 </noscript> 
 </figure> 
 Source:&nbsp;Cheds/Twitter 
 Cheds anticipated that Bitcoin would reach $28,500 before its corrective phase ended late last month. The analyst also said that if BTC hits its downside objective, it would likely begin a sluggish grind-up. 
 Bitcoin is currently valued at $29,089.  
</div>

Analyst Warns Of Imminent SHIB Correction After Latest Rally

TheBitTimes

2023년 8월 7일에 게재된 다른 기사

Revolutionary Crypto Trading Bots are Taking-Charge Over Telegram

FBI Cautions Against NFT Scammers Impersonating Project Creators

Litecoin Traders Are Leaving $LTC to Invest in These New Tokens After Block Halving Event

Analyst Urges Traders To Start Stocking Up On Solana (SOL)

BONE Outshines SHIB, LEASH in This Important Metric

Justin Sun Addresses Huobi Exchange’s Bankruptcy Rumors

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!