Shiba Inu on Base narxSHIB

Shiba Inu (SHIB): This Price Move Ended It With recent price action indicating that bearish momentum may intensify, Shiba Inu is at a level it cannot breakthrough. Concerns that SHIB may be on the verge of another decline have been confirmed by the token's inability to rise above the 26-day Exponential Moving Average. A major setback for bullish traders is the inability to overcome this resistance level, which could pave the way for a more drastic decline. SHIB has been trying for weeks to pick up steam, but the 26 EMA is still an insurmountable barrier. The asset has essentially been kept from reaching a higher low, which is a prerequisite for a trend reversal. With a possible breakdown below the critical $0.00001230 support level imminent in the absence of such a shift, SHIB is still susceptible to additional losses. A level last tested during previous market corrections, $0.00001180 is the next important level of support if SHIB is unable to hold above this price floor. If the asset falls below this range, selling pressure may increase and bearish sentiment may become more pronounced. #YourMostPromisingMemeCoin

As it tests its 26-day Exponential Moving Average, Shiba Inu is currently encountering a significant technical obstacle. The asset's near-term trajectory will probably be determined by the outcome of this level, which has historically served as a significant resistance point. SHIB has successfully staged a recovery attempt following an extended downtrend, rising back toward a crucial resistance zone. The first significant barrier to a long-term uptrend is the 26 EMA test. If this level is broken above, it may open the door for additional gains and possibly a move toward the 50 EMA. However, if this resistance is not overcome, selling pressure may resume.  SHIB may find it difficult to sustain its recent momentum if it is rejected at this point, running the risk of experiencing another decline toward its earlier support levels. An additional rejection could make the recovery even more difficult for the asset, which has already had a difficult time beating bearish sentiment.  The market volume is still quite low, which further complicates matters and suggests that there is not much buying conviction. In the absence of demand, it becomes more difficult for SHIB to surpass important resistance levels. The result of this test may be important for traders and investors who are keeping an eye on the market.  While another rejection might strengthen the current bearish trend, a successful breakthrough might validate a trend reversal. The next few days will be crucial in deciding whether SHIB can recover lost ground or if it continues to be trapped in a protracted consolidation phase. Ethereum turns around After losing that crucial support-turned-resistance, Ethereum is now attempting to regain the $2,000 price level. The asset is presently trading at $1,900, a crucial technical and psychological level that will dictate its short-term course. The sharp drop in Ethereum's price recently coincided with a spike in selling volume, indicating that the market is still dominated by bearish pressure. Such volume spikes during a downward trend in the past indicate that traders and big investors are selling off their holdings, possibly in anticipation of more declines. This poses a significant obstacle to ETH's efforts to recover.  A closer examination of Ethereum's current chart configuration shows that although it has been able to stabilize around the $1,900 mark, a deeper retracement may be possible if this level is not maintained. If ETH breaks below this level, it may return to lower supports, perhaps as low as $1,800. While ETH would need to overcome resistance levels at $2,100 and $2,200 to confirm a sustained uptrend, a resurgence above $2,000 might indicate a possible reversal. Moving averages also maintain their bearish inclination, which supports the market's cautious attitude. Whether buyers can intervene to counteract selling pressure will determine Ethereum's next course of action. The possibility of $ETH recovering its losses may exist if it can maintain momentum and overcome significant resistance areas.  XRP's big test Although the price of $XRP has been rising steadily, the asset's next move may be determined by a significant resistance level. An important point of resistance is the 26-day Exponential Moving Average (EMA). A significant decline could wipe out recent gains if XRP is unable to surpass this level.  At the moment, the 26 EMA is a crucial level for XRP. In the past, this moving average has been crucial in determining the short-term trend of XRP. A stronger rally might be possible if the asset successfully breaks above this resistance, but a rejection at this level could cause it to drop further. Although volume is still quite low, the current price movement indicates that bulls are trying to push XRP higher. This calls into question how strong the current uptrend is. XRP may find it difficult to maintain its recent recovery if it loses momentum. In the event that XRP is rejected at the 26 EMA, $2.30 would be the next significant support level.  A breakdown below this might increase selling pressure and push the asset back toward the 200 EMA's position at $1.88. A change in sentiment would be indicated by such a move, which would push the market lower. A successful breakout, however, might enable XRP to recover to higher levels, perhaps aiming for $2.50 and higher. $SHIB

Latest on-chain data reveals some noteworthy transactions by Ethereum co-founder Vitalik Buterin. According to the latest report from a prominent data provider, Buterin minted 315,382 DAI tokens and exchanged a variety of meme coins for ETH. The report indicates that the Ethereum co-founder netted 71.69 ETH, equivalent to $136,684 at current prices, after selling off several meme coins from his portfolio. These transactions included the sale of 146.18 billion FML tokens for 2.51 ETH and the exchange of 180.88 billion SHIB for 0.987 ETH. The on-chain data provider also reported that Buterin sold 7.17 billion VB tokens for 1.57 ETH and 366.47 million AWESOME for 1.44 ETH. His total earnings were further boosted by 65.19 ETH, which he received after selling 5,000 DHN tokens. Based on these recent activities, crypto analysts have observed Buterin’s increased engagement in the broader crypto space, extending beyond just the Ethereum ecosystem. It also highlights his active participation in the crypto market, particularly his selling of meme coins, most of which he received as unsolicited donations from their creators early on. Related: Feature documentary about Vitalik Buterin and Ethereum’s history to premiere on April 15, 2025 According to reports, Buterin’s DHN sale caused the meme coin’s value to drop by almost 50% before posting a comeback. DHN’s price crashed from $39 to $20 following the sale before making a sharp recovery to reclaim the losses. The meme coin traded for $42.5 at the time of writing, climbing above the price before Buterin’s selloff, according to data from TradingView. Related: Vitalik Buterin’s Six-Month Roadmap for Ethereum: Faster, Fairer, and With AI Buterin is a key figure in the crypto industry, introducing the first DApps creation platform that revolutionized blockchain development. A highly anticipated documentary, Vitalik: An Ethereum Story, will be released on April 15, and crypto community members expect the film to provide an in-depth look into the life of the brain behind the Ethereum blockchain. 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.

Following the peak of 2024, Shiba Inu’s market cap has significantly crashed by $12 billion, all the way from $20 billion to now at $7.55 billion. This massive retreat comes as Bitcoin and all other altcoins have seen major price revisions over the past few months. Also, concerns surrounding a US recession have induced further selling pressure on Shiba Inu, amid major sell off in the broader meme coin sector. However, crypto market analysts believe that the recent correction in Shiba Inu price might be nearing its conclusion. Several market analysts believe that the decline in the Shiba Inu price could be nearing its end very soon. As per the recent data from ShibBurn , there’s been a significant uptick in SHIB coin burns, with the burn rate surging by a massive 62,000% in the last 24 hours. This spike was majorly due to a single user transferring 460 million SHIB coins to a dead wallet. Since the token’s launch, over 410 trillion SHIB coins have been burned, reducing the circulating supply to approximately 584 trillion. Another reason behind the Shiba Inu price recovery could be that it could benefit from the broader macroeconomic trends. Historically, both the stock and crypto markets have corrected during periods of macro uncertainty. However, these corrections are often followed by sharp bounce backs. For instance, the markets plummeted when COVID-19 was declared a pandemic but staged a robust recovery soon after. The Federal Reserve’s upcoming interest rate decision could act as a catalyst for SHIB and other cryptocurrencies. With recession concerns mounting, the Fed might signal further rate cuts this year. Historically, cryptocurrencies, including Bitcoin and Shiba Inu, have performed well during periods of monetary easing. Shiba Inu’s ecosystem continues to grow through targeted initiatives designed to boost its utility. On February 21, Shytoshi Kusama announced significant upgrades to ShibaSwap, the project’s decentralized exchange (DEX), marking another step forward in its development, as highlighted in our previous report. Lucie, the marketing lead for the Shiba Inu team, recently unveiled key details about the newly launched SHIB OS. Describing it as a foundational innovation, Lucie emphasized its pivotal role in securing the future of decentralized governance within the Shiba Inu ecosystem, as noted earlier. Despite the heavy uncertainty, the Shiba Inu team remains confident of the coin’s future growth, as mentioned in our previous report. Technical indicators suggest that Shiba Inu could be heading for a strong bullish breakout this year as SHIB has been forming a falling wedge pattern. Amid this pattern, the two descending and converging trendlines have converged at around $0.00001260, while coinciding with the lowest swings of July, August, and September last year. The Relative Strength Index (RSI) for SHIB has broken above the descending trendline that has capped its highest swings since December. Similarly, the Percentage Price Oscillator (PPO) has confirmed a bullish crossover, further signaling potential upward momentum. With these technical indicators aligning, Shiba Inu’s price is poised for a strong breakout. The next key psychological target to watch is $0.000020, representing a potential 60% gain from current levels.

Tín Hiệu Long $ZRO/USDT – Động Lực Tăng Đang Hình Thành Giá vào lệnh: 2,380 USD Mục tiêu 1: 2,50 USD Mục tiêu 2: 2,58 USD Mục tiêu 3: 2,65 USD Cắt lỗ: 2,28 USD Lý Do Nên Long? $ZRO đang có dấu hiệu phục hồi mạnh, bật lên từ vùng hỗ trợ quan trọng 2,25 USD và lấy đà hướng tới các mức kháng cự cao hơn. Cấu trúc giá hiện tại cho thấy xu hướng tăng với khối lượng giao dịch gia tăng, xác nhận sự quan tâm mạnh từ phe mua. Nếu giá duy trì trên 2,35 USD, khả năng tiếp tục tăng là rất cao, với các mức kháng cự quan trọng lần lượt tại 2,50 USD và 2,65 USD. Một cú phá vỡ trên 2,42 USD có thể đẩy lực mua mạnh hơn, đưa giá tiến về mục tiêu cao nhất 2,65 USD. Chiến Lược Quản Lý Rủi Ro: • Chốt lời từng phần ở mỗi mục tiêu để giảm rủi ro. • Điều chỉnh mức cắt lỗ khi giá tiến dần về các mục tiêu để bảo toàn lợi nhuận. Lưu ý: Nếu giá giảm xuống dưới 2,28 USD, vị thế Long có thể mất hiệu lực, nên kích hoạt cắt lỗ để hạn chế tổn thất. Nhà giao dịch nên theo dõi sát diễn biến thị trường để xác nhận đà tăng được duy trì. $PI $BTC $ETH $XRP $SOL $ADA $SUI $DOGE $TRX $LINK $XLM $TON $PEPE $SHIB $ZOO $DOGS $BGB $TRUMP