Shiba

Future

Bitcoin

Shiba Inu

Divergence

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/shiba-inu-eyes-new-price-levels-while-bitcoin-faces-volatility" rel="noopener noreferrer nofollow">Shiba Inu Eyes New Price Levels While Bitcoin Faces Volatility</a><br></p>
<p style="text-align: justify">In recent <a href="https://en.bitcoinhaber.net/sec-official-hester-peirce-calls-for-increased-decentralization-in-u-s-financial-network" rel="noopener noreferrer nofollow">cryptocurrency</a> developments, Shiba Inu (SHIB), a popular meme token, has exhibited some resilience amidst overall market fluctuations. The token saw a modest increase of nearly 3% over the last 24 hours, with its market capitalization also rising to $16.31 billion. Despite the general downturn in the crypto market, SHIB is trading at around $0.00002748 and aims for the $0.000036 mark.</p>
<h2 id="crypto-market-s-mixed-signals">Crypto Market’s Mixed Signals</h2>
<p style="text-align: justify">This week, the crypto market has presented a mixed bag of performances. <a href="https://en.bitcoinhaber.net/bitcoins-weekend-surge-heralds-bullish-momentum" rel="noopener noreferrer nofollow">Bitcoin</a>, the leading cryptocurrency, briefly surged above $70,000 due to geopolitical tensions in West Asia before tumbling back to around $60,000 in April. The significant event for Bitcoin this period was the ‘halving’, often leading to anticipations of reduced supply and potential price increases. However, Bitcoin struggled to maintain its high, affecting sentiment across the broader market.</p>
<h2 id="technical-indicators-and-future-predictions">Technical Indicators and Future Predictions</h2>
<p style="text-align: justify">For SHIB, the price stability around the $0.000026 support level, reinforced by the 20-day Exponential Moving Average (EMA), suggests a consolidation phase. Moreover, the price action is near a critical descending trend line, which if breached could significantly enhance investor confidence and propel prices higher. Investors and traders are closely watching the Moving Average Convergence Divergence (MACD) indicator for potential buy signals on shorter time frames.</p>
<h2 id="points-to-take-into-account">Points to Take into Account</h2>
<ul>
 <li>The potential breach of the descending trend line by SHIB could trigger a bullish market response.</li>
 <li>Bitcoin’s volatility post-halving is crucial in setting market expectations for the near future.</li>
 <li>Monitoring the EMA and MACD indicators provides insights into possible shifts in market dynamics.</li>
</ul>
<p style="text-align: justify">In conclusion, while Bitcoin experiences fluctuations following its recent halving, SHIB appears to be gearing up for potential growth. The cryptocurrency market continues to be highly susceptible to external economic and geopolitical factors, making vigilance essential for those involved. Observing these indicators and market movements will be key in predicting the short-term trajectories of these digital assets.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/shiba-inu-eyes-new-price-levels-while-bitcoin-faces-volatility" rel="noopener noreferrer nofollow">Shiba Inu Eyes New Price Levels While Bitcoin Faces Volatility</a></h5>

Shiba Inu Eyes New Price Levels While Bitcoin Faces Volatility

Table of Contents

BH NEWS

Другие статьи, опубликованные 23 апр. 2024 г.

Injective (INJ) Price Prediction: INJ Coin Price UP, but can INJ Continue Higher to $50?

Reversal Rally Hints $2 Breakout For JUP price

$60 Million USDT Already Issued on TON, Making it 11th Largest Blockchain for Tether

Binance, accused of selling unregistered crypto derivatives in Canada

Solana Holds Above $150 Amid Mixed On-Chain Metrics: Here’s The Next Price Level For SOL

Experts Believe SOL Will Hit $1000 in Bull Run, Predict 100X Growth for Algotech

Join our free newsletter for daily crypto updates!