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Shiba Inu to Be Delisted From Legendary Top-Tier Crypto Exchange
NFT Gaming

Shiba Inu to Be Delisted From Legendary Top-Tier Crypto Exchange

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  • Shiba Inu in battle mode
  • Derivatives side

Shiba Inu is in the news again, but not for the reasons its owners would like. Even though SHIB has made an effort to level off around the $0.0000123 mark, the most recent delisting announcement makes it clear: the chances of a liquidity surge are slim.

Shiba Inu in battle mode

Between $0.0000120 and $0.0000130, SHIB has been battling for weeks inside a contracting triangle pattern on the price chart. There has been a decline in trading volume, indicating that neither bulls nor bears are very confident. The 200-day EMA near $0.0000139 looms overhead as resolute resistance, while the 50-day and 100-day moving averages are putting pressure on the price. The weak momentum, indicated by the RSI at 46, makes SHIB susceptible to more abrupt movements when volatility eventually returns.

SHIB/USDT Chart by TradingView

However, technicalities are only one aspect of the larger picture. The delisting of 48 perpetual contracts is scheduled for Sept. 11 at 12:00 p.m. UTC by BitMEX, one of the most well-known names in derivatives trading, because of insufficient trading interest. These contracts include the Shiba Inu’s perpetual pair, SHIBUSD. BitMEX explained that all trading will stop, and open orders will be canceled at the deadline, as is customary for early settlement.

Derivatives side

The implications of this delisting are significant, even though it only pertains to derivatives and not spot trading. Derivatives offer traders hedging options and leverage, frequently increasing the amount of activity and liquidity surrounding an asset. The loss of exposure on BitMEX and other platforms indicates that institutional and speculative demand for SHIB on the derivatives market is declining.

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Other pairs being eliminated, in addition to SHIBUSD, are ARBUSD, ORDIUSD, XAUTUSD, ONDOUSDT, WOOUSDT, ZROUSDT, BLURUSDT, SAGAUSDT and USDTUSDC.

This news comes at a crucial time for SHIB. If there are no powerful catalysts or new momentum, the asset could retest $0.0000115 and fall below its important support levels. Traders might take the delisting as evidence that SHIB’s hype cycle has petered out, if it further undermines confidence.

The conclusion is that although the delisting is just for derivatives, it represents larger problems as well, such as dwindling interest, diminishing liquidity and a community that needs new energy to stay relevant in a crowded cryptocurrency market.



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Shiba Inu (SHIB): 3 Days Left
GameFi Guides

Shiba Inu (SHIB): 3 Days Left

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  • SHIB’s market state
  • SHIB stays trapped

There are only three days left before the price of Shiba Inu is compelled to break out of its current triangle formation, marking a pivotal moment on the charts. The overall situation is not very encouraging for SHIB holders, even though the consolidation has tightened significantly, and the breakout’s path is still unclear.

SHIB’s market state

SHIB is caught between a rising support line of higher lows and a descending trendline of lower highs on the daily chart. As the squeeze nears its peak, volatility is typically on the horizon. But traders aren’t exactly lining up for this token. In tandem with price action, volume has been continuously declining, indicating a lack of conviction on the part of both buyers and sellers. The fact that SHIB’s foundations don’t inspire confidence only serves to heighten the gloom.

SHIB/USDT Chart by TradingView

A consistent drop in network transactions is revealed by on-chain data, indicating a decline in user activity and utility. Declining engagement in the cryptocurrency space frequently results in a drop in price, because fewer users are willing to speculate or transact on the network. The hype-fueled craze that propelled SHIB appears to have faded.

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Technically speaking, the main moving averages provide a bearish background. The 200-day moving average (black line) is hovering well above the price, and SHIB is being pressured by the 50-day and 100-day averages, which serve as resistance layers. The fact that the 20-day moving average has also turned into overhead pressure indicates that the short-term momentum is not in favor of the bulls.

SHIB stays trapped

SHIB is still trapped in a downward drift unless it can make a convincing break above the $0.000013 zone. The Relative Strength Index (RSI) shows no indication of hidden strength and floats around neutral levels. There is a greater chance of a breakdown than a breakout in the absence of a spike in volume or renewed interest.

SHIB could revert to the $0.000010 level, or worse if support at $0.000012 is not met. Traders should brace for volatility as this triangle closes in three days, but there isn’t much hope. The path of least resistance is downward, and SHIB may soon show its hand unless there is a fundamental shift.



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Shiba Inu (SHIB) Charts First Golden Cross in September, Why It Matters
NFT Gaming

Shiba Inu (SHIB) Charts First Golden Cross in September, Why It Matters

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Even as the broader markets await direction following a dull September start, Shiba Inu has formed a golden cross on its hourly chart.

A golden cross, regarded as a bullish signal, occurs when a short-term moving average crosses above a long-term MA and marks the first of such for Shiba Inu in September.

This is significant as September is historically believed to be the weakest month for cryptocurrencies and markets.

September remains a mixed month for Shiba Inu, marking two out of four Septembers in the green taken from 2021.

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In 2021, Shiba Inu ended September up 4.96%, which preceded an explosive 830% rally in October of the same year, with Shiba Inu reaching an all-time high of $0.000088 consequently. In September 2022, this wasn’t the story as Shiba Inu closed the month down 6.53%, but somewhat rising just 10% in the October that followed.

Shiba Inu’s price action was muted in September and October 2023; SHIB closed September down 8.14% and rose 6.13% in October.

Why it matters

A historical trend was observed: September often set the pace for Shiba Inu’s price action in October, referred to as “Uptober” in crypto circles. While Shiba Inu saw losses or minor gains in September, it always saw higher gains in October, often closing the month in the green.

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An interesting shift was only seen in September 2024, when Shiba Inu saw higher gains in September than in the October that followed. In September 2024, Shiba Inu rose 26.94%, while in the following October, it only saw 1.33% gains before exploding 50% in November of the same year.

Shiba Inu is currently down 0.41% so far this September, with market enthusiasts eager to see if history repeats or Shiba Inu charts a fresh course.

At the time of writing, SHIB was down 3.1% in the last 24 hours to $0.00001213, reversing a two-day rise from a low of $0.00001181 on Sept. 1.



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Shiba Inu
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Shiba Inu Breakout Structure Suggests 670% Rally To $0.000155

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

After a particularly challenging year, the Shiba Inu price is one of those that looks primed for its next upward wave. It has already held quite well during the recent market downtrend and continues to flash bullish signals during this time. To buttress the bullishness of the SHIB price, crypto analyst Javon Marks has highlighted the confirmation of a bullish pattern. In the event that such a pattern holds and plays out, it could mean new all-time highs for the Shiba Inu price.

The Bullish Divergence That Could Send Shiba Inu Price To ATHs

In his analysis, Marks pointed out the bullish pattern that has now set the Shiba Inu price on a path to possible new all-time highs. A regular bull divergence had appeared on the MACD histogram, suggesting that the Shiba Inu price may be primed for another reversal.

If this reversal does play out, then the first thing for the Shiba Inu price is for it to double. This would quickly put it above $0.00002, which would turn this resistance level into support. In total, the crypto analyst expects the first leg of the recovery to actually reach a 163% gain. This would inevitably help it break the resistance at $0.00003, leading into the next leg of the move.

After this move is completed, the analyst expects the Shiba Inu price to keep rising after breaking out of an older structure. Besides the initial 163% run, the Shiba Inu price would still more than double by this point, making it only a part of the total move.

Source: X

A 570% move is expected with a continuation of the bullish momentum, and this would put the price above $0.000081. This target is what pushes the Shiba Inu price toward the new all-time highs and is essential for the total bullish move.

Beyond this, though, there is the possibility that the bullish move would actually continue. Going by the analyst’s chart, there could be an almost 100% increase from its previous all-time high for the meme coin to actually eliminate another zero. This target is placed at the $0.0000155 level, something unprecedented in the Shiba Inu history.

For now, the Shiba Inu price is still trending around $0.0000125 after the downturn from the weekend. Coinmarketcap data shows that the meme coin is still maintaining a daily trading volume above $200 million as the market fluctuates.

SHIB pushes down again | Source: SHIBUSDT on TradingView.com

Featured image from Dall.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Shiba Inu (SHIB): Ready to Fade Into Oblivion? XRP: Final Stand, Cardano (ADA) Bulls: Price Collapse Is One Move Away
NFT Gaming

Shiba Inu (SHIB): Ready to Fade Into Oblivion? XRP: Final Stand, Cardano (ADA) Bulls: Price Collapse Is One Move Away

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The market is on the verge of exiting the consolidation stage, with Shiba Inu, XRP and Cardano being on verge of their local formations that should boost volatility and push either asset into their next stage.

Shiba Inu at crossroads

With price action indicating the possibility of a significant breakdown, Shiba Inu is at a crucial crossroads. The token is stuck inside a narrowing triangle and is currently trading at about $0.0000123, but the overall structure is bearish.

Due to buyers’ inability to maintain momentum above resistance levels, each bounce has been weaker than the last. The consistent drop in trading volume is the most concerning indication. Volume has been declining since early August, which suggests that traders’ interest and involvement are waning.

SHIB/USDT Chart by TradingView

Declining volume during consolidation frequently precedes strong breakouts in cryptocurrency markets, however, since SHIB is already under pressure, the likelihood of a breakdown rather than a recovery is higher.

Technically speaking, SHIB will encounter resistance right away in the range of $0.0000130-$0.0000132, and then the 200-day moving average close to $0.0000139. Every upward attempt has been capped for weeks at these levels. Support for the downside is located just above $0.0000120. The next target might be $0.0000110 or even $0.0000100, a level that runs the risk of adding another zero to SHIB’s valuation if it significantly breaks below this.

Additionally, a classic indicator of deteriorating market structure, the descending trendline from the recent highs, is still forcing lower peaks. Bearish momentum will probably prevail unless SHIB can break out above that line with significant volume. That is, there is a genuine chance of oblivion.

In addition to possibly correcting further, SHIB runs the risk of becoming irrelevant for traders seeking stronger momentum plays if support gives way while volume keeps declining.

XRP’s last test

It appears that XRP is nearing a final stand at its current price. The token is currently trading at about $2.83, just above the 100-day EMA at $2.77, which serves as the crucial line of defense. If XRP is unable to maintain this zone, it may fall toward $2.50 and ultimately the psychological $2.00 level.

The symmetrical triangle pattern that had been supporting the price since mid-August is clearly broken in the chart. XRP was forced below the lower trendline by sellers, and although it has stabilized for the time being, momentum is still brittle. A clear close below $2.77 would validate the bearish trend.

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The pattern in the volume adds to the uncertainty. The steady decline in trading volume is frequently an indication that sellers are worn out, and that bearish pressure is abating. However, low volume can also indicate fund outflows and disinterest, making XRP more susceptible to steeper drops when liquidity evaporates.

XRP has some breathing room for a recovery, as the RSI, which is currently hovering around 44 and reflecting neutral-to-weak momentum, does not yet exhibit any bullish divergence. Regaining $2.95-$3.00 is crucial for bulls. Strength would only be indicated by a persistent return above $3.00, which would pave the way for $3.10-$3.20.

XRP might still bounce back and reenter a consolidation range if support remains at the 100-day EMA. But if it fails, sentiment quickly shifts against it, making the path to $2.00 much more likely. This is a make-or-break situation for XRP investors for the time being.

Cardano’s patience

Cardano is putting its holders’ patience to the test once more. After weeks of losing momentum, the token is currently trading at a pivotal level, with bulls finding it difficult to maintain control. According to the short-term technical picture, the 100-day EMA and the crucial $0.80 support zone are both in the vicinity of ADA.

There is still hope for a recovery in ADA despite the negative undertones. The $0.80 area has previously shown itself to be resilient, serving as a base for several recoveries. Buyers can continue on their current trajectory toward $0.90 and $1.00 if they can defend this level once more.

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A psychological shift would be signaled by a breakout above $1, which might draw momentum traders and investors who had been sidelined back into the market.

However, volume trends are not very promising. Everyday trading activity has decreased, indicating a general decline in enthusiasm. This makes ADA susceptible because, when markets turn risk-off, a lack of conviction can hasten downward pressure. However, these quiet periods frequently come before explosive moves, so the next sessions are very important.

The indecision is highlighted by the RSI, close to 48, which is in neutral territory and does not indicate oversold or overbought conditions. This implies that ADA has some leeway.

In general, the market is struggling, as there isn’t much of bearish support coming in and the majority of investors are bracing themselves for multiple breakdowns, especially if Bitcoin fails to deliver in the next few weeks.



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Shiba Inu (SHIB): No One Selling? Exchange Deposits Near-Zero
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Shiba Inu (SHIB): No One Selling? Exchange Deposits Near-Zero

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  • Shiba Inu exchange flows
  • Good old triangle

For the first time, Shiba Inu is at a turning point, and it’s not just the charts that count. Exchange depositing transactions have dropped to extremely low levels, according to on-chain data, indicating that there isn’t any fresh selling pressure hitting the market.

Shiba Inu exchange flows

This could be interpreted as a bullish sign on the surface, since there would be less supply available to be dumped on the market right away if fewer investors were sending SHIB to exchanges. Compared to previous peaks over 900, the most recent data shows a dramatic decline, with only 222 depositing addresses.

SHIB/USDT Chart by TradingView

This implies that instead of getting ready to sell, traders are keeping their tokens. There is a significant catch, though: Exchanges already have trillions of SHIB on hand. If sentiment turns negative, this enormous stockpile could still have a significant impact on price action, even in the absence of fresh inflows.

Good old triangle

Technically speaking, SHIB is consolidating in a tight symmetrical triangle, with the price circling $0.0000123. As the token moves closer to the formation’s tip, the structure indicates impending volatility. Although a breakdown below $0.0000120 runs the risk of causing another leg lower, possibly testing $0.0000105, a clear breakout above resistance at $0.0000130-$0.0000131 could pave the way for a relief rally.

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The on-chain metrics show that there is neither new selling pressure nor a sizable influx of new buyers. At 46, the RSI is almost neutral, allowing for a swing in either direction.

The collapsing depositing transactions, which suggest a brief lack of aggressive sellers, are SHIB’s final bullish indicator. However, the downside risk persists due to the sheer number of tokens already present on exchanges. In the meantime, SHIB investors are left to keep a close eye on the price as it coils tighter, hoping to see if the market will collapse due to its own supply or if the breakout will ultimately favor the bulls.



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Bitcoin (BTC): Be Ready to Lose $100,000, Ethereum (ETH): Bounce Hinges on $4,000, Shiba Inu (SHIB): Awaiting Explosion or Zero Again?
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Bitcoin (BTC): Be Ready to Lose $100,000, Ethereum (ETH): Bounce Hinges on $4,000, Shiba Inu (SHIB): Awaiting Explosion or Zero Again?

by admin


Bitcoin, Ethereum and Shiba Inu are waiting for BTC to test critical support with the risk of losing $100,000, ETH is consolidating after its surge toward $4,000, and SHIB is coiling in a triangle pattern that could push volatility to new heights and price to the sky or a zero, if volume finally comes back. Prepare for decisive entries and exits as these setups reach their tipping points.

Bitcoin’s goodbye

Bitcoin is barely surviving, and the charts indicate that the $100,000 mark is in grave danger. BTC has been declining steadily since an unsuccessful attempt to recover highs above $120,000, losing an important moving average support in the process. The recovery from $108,000 to $110,000 has temporarily eased the situation, but there is still little momentum and a significant downward risk.

BTC/USDT Chart by TradingView

Technically speaking, Bitcoin remains below its 50-day moving average, indicating that the short-term bullish momentum has subsided. The market may break down into double-digit territory, and the 200-day EMA, which is currently at $104,000, is the last important line of defense.

Volume patterns highlight this setup’s vulnerability even more. Trading activity has declined in recent sessions, indicating that buyers are not acting decisively. With no obvious bullish divergence, the RSI is still muted and hovers close to oversold territory. This indicates that Bitcoin lacks the technical strength that typically supports a significant reversal.

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Additionally, the larger market environment isn’t offering much assistance. The dominance of Bitcoin is still under threat, despite the fact that some altcoins have proven resilient. This suggests that money is moving less into Bitcoin in particular. Deeper corrections are made more likely by macro uncertainty and decreased liquidity.

As support levels wane, be prepared to lose $100,000. In the absence of Bitcoin recovering $114,000 and maintaining momentum above it, the path of least resistance indicates a decline. A drop below six figures would be a psychological blow to market sentiment as well as a technical failure, with the potential to bring down the entire cryptocurrency market.

Ethereum cools off

Following its spectacular surge to $5,000, Ethereum has cooled off and is currently consolidating at $4,300. Ethereum may be preparing for a comeback, according to the charts, even though the pullback has made some traders cautious — that is, if it can maintain a crucial level: $4,000.

The 20-day EMA is serving as the short-term buffer as ETH tests its short-term supports at the moment. The 50-day EMA near $4,050, which has historically functioned as a dependable pivot during retracements in robust uptrends, is the more important line to keep an eye on.

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Compared to the buying craze in early August, volume has slowed, suggesting that the market is cooling. This does not necessarily mean that the market is bearish, because periods of lower volume frequently come before accumulation phases, which allows big buyers to get back in before the next leg higher.

Since the RSI is close to neutral, Ethereum has space to rise if buyers take back control. The critical $4,800-$5,000 resistance zone would be the next upside target if ETH holds $4,000 and buyers intervene at the 50 EMA. If that range were broken, it would be confirmed that the overall upward trend would continue.

Shiba’s volatility to surge

As the price action of Shiba Inu (SHIB) keeps compressing inside a symmetrical triangle pattern, the coin is about to enter a critical phase. SHIB, which is currently trading at $0.0000123, is getting close to the formation’s tip where volatility usually spikes and key moves take place. With this configuration, traders wonder if SHIB will soar higher or plummet to another zero.

Under strong resistance, SHIB has been consolidating for months, with the 200-day moving average at $0.0000140 serving as a ceiling. The token has not succeeded in making a breakthrough despite numerous attempts. The market is now building momentum for a breakout as the triangle gets smaller.

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The following are the options from here:

  • SHIB may initiate a wave of short covering and rekindle buying interest if it breaks above the triangle’s upper boundary. A breakout above the 200-day SMA would confirm a reversal and possibly pave the way for a larger rally. Other important upside targets are $0.0000130, $0.0000140 and $0.0000150.

  • Selling pressure is likely to increase if $0.0000120 is broken, with an immediate decline toward $0.0000110. SHIB could add another zero if that level is lost, pushing the token into even more bearish territory. The tightening triangle should cause traders to anticipate increased volatility, even in the absence of a clear breakout. Both bulls and bears may be trapped by abrupt intraday swings until a distinct direction becomes apparent.

  • The mid-40s RSI indicates that SHIB is neither overbought nor oversold, allowing for potential movement in either direction. The market is still waiting for a trigger, as evidenced by the muted trading volumes in the interim.

To summarize everything: BTC remains playable only if it reclaims $114,000 or bounces at $104,000, with an exit on a close below $100,000. ETH offers opportunity at $4,000-$4,050 or on a breakout above $4,800, with risk cut under $3,950 and profits capped near $5,000. SHIB’s entry sits above the $0.0000130-$0.0000140 resistance, while failure of $0.0000120 is the exit cue. Across all three, momentum and volume confirmation are crucial, as each chart is positioned for a strong directional move rather than sideways drift.



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Shiba Inu
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Shiba Inu Exec Gives Reasons To Keep Going Despite SHIB Price Crash

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Shiba Inu’s marketing lead, Lucie, has provided optimism for community members amid the SHIB price crash. She mainly alluded to the layer-2 network Shibarium, highlighting how it has maintained its strength over time. 

Shiba Inu Exec Breaks Silence Amid SHIB Price Crash

In an X post, the Shiba Inu marketing lead stated that Shibarium stands apart in the blockchain world as it has no VC funding, no massive exchange alliances, and no corporate safety net. Lucie further remarked that the layer-2 network is being built the hard way, by the community and for the community, which she claims makes the journey more “authentic” despite being demanding. 

Lucie also mentioned that the obstacles are real, as this is the longest bear market many have ever endured, with the SHIB price underperforming in this market cycle. She noted that as a result, some have lost patience and faith, and have even gone so far as to leave the Shiba Inu ecosystem in pursuit of other opportunities. 

However, the Shiba Inu marketing lead suggested that she is unfazed by everything that has happened so far, including the SHIB price’s underperformance. Lucie remarked that Shibarium was never meant to be a free buffet for takers and that the mission has always been about gathering those who build together. She explained that these should be builders who expand the table, attract newcomers, and create reasons for investors and partners to support the ecosystem long-term.

In line with this, Lucie stated that the solution is not complicated, as Shibarium’s future lies in welcoming new projects, supporting builders, and giving them space to grow. The Shiba Inu marketing lead also alluded to the meme coin’s decentralized nature, noting that there is no obligation and no single authority deciding what must be done. She added that it is a system where value flows naturally to what the community believes in most. 

The SHIB Price’s Underperformance and Decline In Notable Metrics

Lucie’s statement comes amid the massive decline in the SHIB price since the start of the year. Shiba Inu is down 44% year-to-date (YTD) despite the notable gains in the broader crypto market. As a result, the meme coin has continued to drop in the crypto rankings by market cap and is now the 23rd largest crypto by market cap, having climbed into the top 10 last year.

Meanwhile, Shibarium’s metrics, including daily transactions, paint a bearish picture for the Shiba Inu ecosystem at the moment. The daily transactions have dropped from an average of 4 million, recorded in early August, to just 8,750, recorded on August 31. These developments come at a time when the Shiba Inu ecosystem is seeking to transition to new leadership, with lead developer Shytoshi Kusama calling for elections. 

Lucie urged anyone interested in taking the lead to go ahead and bring new ideas, new liquidity, and new volume to the Shiba Inu ecosystem. She noted that the goal is to focus on finding solutions to the mistakes made and leading the ecosystem toward a stronger future for Shibarium. 

At the time of writing, the Shiba Inu price is trading at around $0.00001195, down over 3%, according to data from CoinMarketCap.

SHIB trading at $0.000012 on the 1D chart | Source: SHIBUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Shiba Inu Dogecoin
GameFi Guides

Can Dogecoin And Shiba Inu Prices Recover? What To Expect In September

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

As the crypto market ushers in a new month, Dogecoin and Shiba Inu holders are faced with fresh hopes and fears, especially as the market remains uncertain and prices continue to fluctuate. In the current state, there is still some time until a particular direction is decided for the meme coins. However, taking a look at historical data and how both Dogecoin and Shiba Inu prices have previously performed in the month of September can often help with an idea of what to expect in the new month.

How Dogecoin And Shiba Inu Prices Have Performed In September

Shiba Inu has been in existence for a considerably lesser time than Dogecoin, with DOGE’s 12 years compared to SHIB’s five years. However, both meme coins seem to go hand in hand as the largest meme coins in the market. Hence, the performance of Dogecoin and Shiba Inu prices tends to go together as both are the market leaders in their niches.

As a result, this report will look at the performances of Dogecoin and Shiba Inu prices over the last five years, maintaining a balance between the two meme coins. For both digital assets, though, there have been varying performances, suggesting a deviation in the month of September, according to data from CryptoRank.

For example, back in September 2021, when the coin was first launched, the Shiba Inu saw a small 4.65% price increase. On the flip side, the Dogecoin price was actually beginning to crash at this point, recording a 26.7% decline by the time the month of September was over.

Source: CryptoRank
Source: CryptoRank

The next two years, though, saw poor performance from both Dogecoin and Shiba Inu, with Shiba Inu suffering losses. Then, in September 2024, there was a drastic change as both meme coins actually saw double-digit gains by the end of the month.

What this suggests is that the month of September is a mixed bag for both Dogecoin and Shiba Inu prices. Mostly, the performance for September depends on the Bitcoin price and how the crypto market moves in general in the new month.

October Is The Real Deal

For Dogecoin and Shiba Inu investors looking for real gains, the time to look forward to would be the month of October. Since its launch in 2021, the Shiba Inu price has never had a red close in October, and it is the only month where the meme coin has consistently achieved gains.

Dogecoin’s performance for the month of October is similar, with the last six years ending in consistent green closes for the meme coin. Simply put, the month of October is the most bullish month for Dogecoin and Shiba Inu, often leading into November before the rally subsides.

DOGE makes new local lows with weekend crash | Source: DOGEUSDT on TradingView.com

Featured image from Dall.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Shiba Inu (SHIB) Surprise Rally Is Possible, XRP Expelled, Risks Losing $2, Bitcoin (BTC): Bull Market Is Over?
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Shiba Inu (SHIB) Surprise Rally Is Possible, XRP Expelled, Risks Losing $2, Bitcoin (BTC): Bull Market Is Over?

by admin


  • Bitcoin becoming bearish
  • XRP’s summer rally ends?

For weeks, Shiba Inu’s sideways movement provides nothing but unclear direction. However, a surprise rally might be closer than most people think, according to the current chart setup.

SHIB has been consolidating within a symmetrical triangle formation, a technical pattern frequently linked to strong breakout potential, which explains why SHIB has been trading between support and resistance levels that are progressively convergent since July. Right now, the price is firmly contained within the triangle, indicating a decrease in volatility and increasing pressure. Usually, a decisive action is taken when SHIB enters such compressionary periods. Importantly, SHIB is still adhering to both trendlines and hasn’t broken out of the formation. By itself, this maintains the potential for an upside breakout.

SHIB/USDT Chart by TradingView

SHIB is still below important moving averages, such as the 200-day SMA, from a technical standpoint, indicating that the overall trend is still bearish. On the other hand, unexpected rallies frequently happen when traders least expect them and sentiment is low. Stop orders and short-term bullish momentum could be triggered by a clear break above the triangle’s upper boundary, which would push SHIB back toward resistance levels close to $0.0000130, and possibly higher if volume supports the move.

On the downside, SHIB runs the risk of retesting the $0.0000115 region if the triangle support is lost. The pattern’s price compression, however, indicates that the market is currently waiting for a trigger.

The main conclusion is that SHIB is still in its symmetrical triangle. The potential for an unexpected rally cannot be disregarded as long as it stays inside. Because the pattern is likely to move quickly once the breakout occurs, traders should closely monitor volume spikes and daily closes around its boundaries.

Bitcoin becoming bearish

Recent price movements for Bitcoin have rekindled concerns that the current bull market may be nearing its end. After testing resistance levels above $120,000 and continuing to rise for months, Bitcoin has now fallen below a crucial technical level: the 50-day exponential moving average (EMA). It is possible that the market is transitioning from a bullish phase to a longer bearish one as a result of this breakdown.

As a short- to midterm trend indicator, the 50 EMA has been used historically. Whenever the price gets close to the line, Bitcoin tends to bounce back and stay above it during strong uptrends. But the most recent move below this support, along with the low buying volume, indicates that the bullish momentum is waning.

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The 200-day EMA, at about $104,000, which frequently serves as the boundary between bull and bear cycles, is the next key area to keep an eye on. Traders may perceive the beginning of a more significant correction if Bitcoin closes several sessions below the 50 EMA and is unable to swiftly recover it. Increased selling pressure would probably result from such a situation, with downside targets extending toward the $106,000-$104,000 range. A bear market would be even more strongly confirmed if the 200-day EMA were to break below.

The bull market isn’t quite over. In comparable configurations, Bitcoin has previously demonstrated resilience by regaining the 50 EMA and starting to rise again. The market is currently at a turning point: Either Bitcoin maintains its current levels and rises above the $113,000 resistance, or it runs the risk of plummeting as sentiment wanes.

XRP’s summer rally ends?

The strong uptrend that propelled XRP earlier this summer may be coming to an end, as the token has formally broken down from its symmetrical triangle pattern. Bulls should be concerned about this technical breakdown, because triangles are frequently used as continuation or reversal setups. XRP’s failure to maintain support within the formation, in this instance, is bearish and may pave the way for further losses.

Not only has XRP fallen out of the triangle, but it is also perilously close to its 100-day moving average, at the moment trading around $2.81. The next important area, the 200-day moving average, is located at about $2.50 if this support fails. In the past, bullish and bearish market structures have been distinguished by this level. If there was a clear break below, more aggressive selling would probably follow.

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There is a greater chance that XRP will fall closer to the psychological $2 mark if momentum keeps waning and it is unable to swiftly recover lost ground. Losing $2 would be a significant change in attitude and might undo a lot of the gains made in the previous few months. The most recent move was accompanied by declining volume, so there isn’t much proof that buyers are acting quickly to purchase at the current prices.

This breakdown, viewed more broadly, puts XRP in a vulnerable position. What was formerly a robust upward trend driven by bullish momentum may now turn into a longer-term downward trend. The outlook remains dominated by downside risks until XRP can rise back above $3.00 and invalidate this bearish move.

XRP’s technical structure has weakened, and a decline toward $2 or even lower is very likely unless there is a swift recovery. The market now awaits the conclusion of the rally, or the ability of bulls to hold onto key support areas.



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