Shiba Inu (SHIB) is on a collision course with the 200-day MA. Will SHIB explode or bounce before Shiberium launch?
Last week Analysis A possible SHIB retracement touched the $0.00001500 resistance. It is going strong now.
The Shiba Inu has been in a retracement pattern for eight days as the price action forced a negative convergence with the 200-day rising MA.
It is currently trading at $0.00001245 (-3% 24h change), the bulls struggled to find support at $0.00001250.
It has solidified as a support level over the weekend as SHIB is finding floor.
The price level remained above a more clear local support at $0.00001150 – $0.00001200. The 200-day MA has moved up to strengthen this local support level.
How high can the Shiba Inu (SHIB) go?
The tightening of the Bollinger Bands suggests that a decisive move is nearing. A test of the 200-day MA is likely to bolster that directional decision.
Looking at the SHIB indicators gets added in case of an imminent move.
RSI is reading bullish divergence at 14.39 – as SHIB is moving into oversold territory. Notably, the RSI has not topped out since February 4 – marking a 9-day cooldown on the RSI.
A look at the MACD shows 0.000000026 – again, a bullish divergence (albeit minor). This, too, could reflect a rally near the 200-day EMA.
Thus there is an upside potential to $0.00001500 (+21%) and a break below $0.00001150 (-7%).
SHIB’s current risk:reward ratio is 3.0 – a very attractive entry – featuring limited downside risk.
But why is the Shiba Inu (SHIB) rallying?
In yesterday’s Shiba Inu price analysis, it was highlighted Shiba Inu Burnrate increased by 1,000% in hours.
The massive increase in burn rate has led some analysts to suggest that there has been a major return to inflows in the market.
With deflation pressure only set to escalate with the launch of Shiberium (tipped to launch this week) – things may soon be on the upswing. The shibarium would result in billions of additional SHIBs being burned, increasing supply shortages, and theoretically increasing prices.
Altcoin Projects Poised To Outperform Shiba Inu (SHIB) This Year?
Some investors sitting in a tizzy may remain unsure with the Shiba Inu price action. To help, here are some altcoin projects that can deliver bigger and more reliable returns.
Meta Masters Guild ($MEMAG)
The Meta Masters Guild is intent on changing the GameFi space for the better. This promising new sector has reputationally suffered from an intense focus on monetization – a huge letdown for players globally.
The Meta Masters Guild is on a mission to change that, partnering with major triple AAA studios like Gamearound to deliver a high-octane immersive video gaming experience ahead of any in-game economics through the growing MMG ecosystem. Is.
$MEMAG is currently on pre-sale for the final 6th round and only two days left until the final 7th round starts! This will increase the price of $MEMAG by about 10% to $0.021 per token.
The ecosystem already has several games in pre-sale including Meta Kart Racers and Raid NFTs. That’s impressive project development from an ecosystem that hasn’t even completed pre-sale funding!
One of the most exciting games under development is Meta Masters World – aiming to deliver strategy gaming to the web3 market for the first time.
Players start with a small army and venture into a war-torn world of PvP empire-building. You can acquire your land by shedding money or blood.
Full character customization is planned to allow you to become the character you’ve always imagined yourself to be. And if you acquire enough land in the meta – your empire will pay you back in real life with $MEMAG, the redeemable planned in-game currency.
There will, of course, be an economics marketplace similar to Runescape that will allow players to use $MEMAG to upgrade their empires.
More information about this title is going to be revealed soon. Follow Meta Masters Guild discord And Wire to keep up to date.
Visit the Meta Masters Guild now
Fight Out ($FGHT)
Fight Out is another revolutionary crypto project coming to exchanges soon (tipped for April).
The exciting Move-2-Earn project is set to shake up the space with innovative technology that challenges the likes of STEPN, which can only monitor simple walking exercise.
Fight Out is providing a holistic monitoring system that can record any workout from your time in the weight room to hours in the dojo. Launched in late Q4 2022 raised approximately $4 million in pre-sale.
Fight Out hopes to remove the barriers to entry that come in the form of expensive starter NFTs associated with platforms such as Web3 Knowledge and STEPN.
The main vision is to open up the web 3 industry so that everyone can benefit while living a healthy lifestyle. Users joining this new ecosystem will get access to the Move-to-Earn (M2E) fitness app and a chain of physical gyms spread across the globe.
Fight Out rewards all types of exercise – and in fact pays with the native $FGHT token that powers the entire market of physical and digital rewards.
Despite Fight Out being in the pre-sale phase, the team is already making inroads in the crypto industry.
Last week the team had a project interview with Binance Check it out here,
C+ charge ($CCHg)
Are you ready to join and benefit from the green energy revolution? look no further C+ charge (CCHg), a new cryptocurrency that is set to revolutionize the carbon credit industry.
As electric vehicles (EVs) become more prevalent with the likes of Tesla. The demand for EV charging stations is skyrocketing.
And with the carbon credits industry expected to grow by an estimated $2.4 trillion by 2027, there’s never been a better time to jump on board.
But why should only the big EV makers like Tesla get the benefits?
C+Charge introduces a game-changing solution.
Its peer-to-peer (P2P) payment system for EV charging, powered by blockchain technology, allows EV owners to earn carbon credits and share in industry growth.
Don’t miss your chance to own a piece of the pie.
pre sale of CCHG The token is already underway, giving early investors a chance to get in on the ground floor of this eco-friendly project. Also, $50k is cheap for early birds.
Join the C+Charge movement today and be a part of a project that is not only profitable but also makes a difference to the environment. Invest in a brighter, greener future.
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