MEMETOON priceMEME

📈 Can Shiba Inu Price Surge 422%? This Pattern Signal SHIB New All-Time High Shiba Inu price has recently broken out of a Falling Wedge pattern, a formation commonly recognized as a bullish reversal signal in technical analysis. The pattern is characterized by a downward consolidation with lower highs and lower lows, which eventually leads to a meme coin rally breakout. 🔸 Shiba Inu Price Breaks Out of Falling Wedge Formation According to analyst Bezos Crypto, Shiba Inu price has completed a breakout from a Falling Wedge, a pattern associated with strong upward movements. This formation often indicates a trend reversal, with SHIB price action shifting from a downtrend to an uptrend. In previous instances, similar setups have led to substantial gains for SHIB, fueling optimism among traders and investors. The breakout is accompanied by a noticeable increase in trading volume, suggesting strong participation from investors. Volume confirmation is a crucial aspect of validating the meme coin rally, as it indicates growing buying interest. If Shiba Inu price maintains its momentum, it could reach the projected price target of $0.00008841, reflecting a 422% increase. Meanwhile, most recently, SHIB whales have triggered volatility by offloading 2.1 trillion tokens, adding uncertainty to price action. The sudden transaction, valued at $32.55 million, has raised concerns over potential selling pressure. 🔸 Bitcoin’s Influence on SHIB and Technical Analysis More so, Bitcoin price trend, plays a crucial role in determining the trajectory of Shiba Inu price. Historically, altcoins such as SHIB have exhibited strong price movements during Bitcoin’s bullish phases. When Bitcoin consolidates or trends higher, altcoins often benefit from increased market liquidity and positive sentiment. On the same note, other technical aspects also align with the bullish narrative, as various technicals suggest upcoming meme coin rally. AO is shifting the momentum from the red bars, to green bars which depict a bullish reversal. AO, which measures market momentum, suggests that selling pressure is fading, and buyers are beginning to gain control. In addition, Moving Average Convergence Divergence (MACD) indicator gives buying signal, because the MACD line has crossed the signal line. This crossover is an indication that the trend is moving towards the buyers end hence conforming a bullish trend.  More so, the histogram bars, which represent the difference between the MACD and signal lines, have turned green, reinforcing the strengthening bullish sentiment. If this trend continues, it could indicate a strong upward movement in SHIB price to a new all-time high. 🔸 Risk Considerations Ahead of The Meme Coin Rally While the bullish scenario for Shiba Inu price remains strong, traders remain cautious about potential volatility. Price movements in the cryptocurrency market can be influenced by external factors, including regulatory news, and shifts in investor sentiment. A retracement or a retest of the breakout zone is possible before further upside continuation. Key resistance levels to monitor include $0.000030, $0.000050, and the previous all-time high near $0.00008841. On the downside, support levels at $0.000020 and $0.000015 could act as critical zones if a pullback occurs.  Also, a recent report revealed that top meme coins such as Dogecoin, Shiba Inu, Pepe Coin and Floki Inu, are at risk to declining futures open interest. The data also indicates that SHIB’s futures Open Interest has dropped by 74.41% and DOGE by 58.45% which shows a decreased trader interest. #DOGE #Dogecoin

Shiba Inu price has recently broken out of a Falling Wedge pattern, a formation commonly recognized as a bullish reversal signal in technical analysis. The pattern is characterized by a downward consolidation with lower highs and lower lows, which eventually leads to a meme coin rally breakout. Shiba Inu Price Breaks Out of Falling Wedge Formation According to analyst Bezos Crypto, Shiba Inu price has completed a breakout from a Falling Wedge, a pattern associated with strong upward movements. This formation often indicates a trend reversal, with SHIB price action shifting from a downtrend to an uptrend. In previous instances, similar setups have led to substantial gains for SHIB, fueling optimism among traders and investors. The breakout is accompanied by a noticeable increase in trading volume, suggesting strong participation from investors. Volume confirmation is a crucial aspect of validating the meme coin rally, as it indicates growing buying interest. If Shiba Inu price maintains its momentum, it could reach the projected price target of $0.00008841, reflecting a 422% increase. Meanwhile, most recently, $SHIB whales have triggered volatility by offloading 2.1 trillion tokens, adding uncertainty to price action. The sudden transaction, valued at $32.55 million, has raised concerns over potential selling pressure. Bitcoin’s Influence on SHIB and Technical Analysis More so, Bitcoin price trend, plays a crucial role in determining the trajectory of Shiba Inu price. Historically, altcoins such as SHIB have exhibited strong price movements during Bitcoin’s bullish phases. When Bitcoin consolidates or trends higher, altcoins often benefit from increased market liquidity and positive sentiment. On the same note, other technical aspects also align with the bullish narrative, as various technicals suggest upcoming meme coin rally. AO is shifting the momentum from the red bars, to green bars which depict a bullish reversal. AO, which measures market momentum, suggests that selling pressure is fading, and buyers are beginning to gain control. In addition, Moving Average Convergence Divergence (MACD) indicator gives buying signal, because the MACD line has crossed the signal line. This crossover is an indication that the trend is moving towards the buyers end hence conforming a bullish trend. Source: TradingView More so, the histogram bars, which represent the difference between the MACD and signal lines, have turned green, reinforcing the strengthening bullish sentiment. If this trend continues, it could indicate a strong upward movement in $SHIB price to a new all-time high.

JPMorgan analysts have expressed concerns about the crypto market’s downside risks. They point to weakened demand for Bitcoin and Ether futures. This comes after a market correction, with the total crypto market cap falling 15% from its peak of $3.72 trillion on December 17 to about $3.17 trillion. The drop has pushed the futures market into “backwardation.” This is when futures prices fall below spot prices, and it can signal further declines. JPMorgan’s report, from managing director Nikolaos Panigirtzoglou, explains that strong demand usually leads to futures prices being higher than spot prices. This premium often goes above 10% per year because of high risk-free rates in the crypto market, where USD yields are between 5% and 10% annually. Related: Crypto Recovery in Full Swing: $6 Billion Inflow Reverses Early February Selloff However, as market demand for Bitcoin and Ether gets weaker, these premiums have vanished. Rates have fallen below spot prices. This mirrors trends seen last June and July and suggests the market may continue to face downward pressure. Adding to these concerns, former BitMEX CEO Arthur Hayes has predicted that Bitcoin could drop to $70,000-$75,000 before another rally. He thinks economic factors, like central banks possibly restarting quantitative easing, could cause this decline. Hayes also mentioned liquidity issues facing the U.S. Treasury’s general account as a major factor in a potential market downturn. This is especially true in the first quarter and could further hurt investor sentiment. This downbeat outlook is made worse by a drop in capital flowing into Bitcoin and Ethereum. Analyst Ali Martinez revealed that these inflows have decreased by over 30% in the last month, falling from $45 billion to $30 billion. Additionally, some crypto community members are unhappy with the lack of progress on the Strategic Bitcoin Reserve initiative under the Trump administration. This also hurts investor confidence. Related: Bitcoin Price Dips Again—What Hayes Thinks Will Happen Next This negative feeling is made stronger by the recent LIBRA meme coin rug pull. Traders reportedly lost over $286 million in that scam, which reduced liquidity across the market. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

meme 😨 is highly risky 🤮$JAILSTOOL or $TRC 🤬 portfolio fully red 🤬

you better get back to 6 cos this not a meme