{"id":35428,"date":"2024-01-24T18:52:39","date_gmt":"2024-01-24T22:52:39","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=35428"},"modified":"2024-01-24T18:52:39","modified_gmt":"2024-01-24T22:52:39","slug":"shiba-inu-team-teases-next-big-thing-as-big-money-eyes-shib","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/01\/24\/shiba-inu-team-teases-next-big-thing-as-big-money-eyes-shib\/","title":{"rendered":"Shiba Inu Team Teases \u2018Next Big Thing\u2019 As \u2018Big Money\u2019 Eyes SHIB"},"content":{"rendered":"

Shiba Inu marketing lead Lucie has ignited the community\u2019s excitement with a teaser about the project\u2019s future. On X, the platform that has taken the place of Twitter, Lucie dropped a tantalizing hint about what\u2019s to come for the Shiba Inu ecosystem. Her message<\/a>, shrouded in mystery, suggests a bullish future while details remain undisclosed.<\/p>\n

Lucie teased, \u201cI can\u2019t disclose specifics, but if you possess basic blockchain skills and understand the Shibarium process, you can anticipate what\u2019s ahead.\u201d Lucie continued by highlighting the interest from significant investors: \u201cBig investors are now putting their money into the next big thing.\u201d She also shared an intriguing viewpoint on investment, \u201cA fun fact: real art is finding the gem before anyone else.\u201d<\/p>\n

She also expressed her confidence in the project\u2019s trajectory, emphasizing the commitment of the team: \u201cI believe in our hard work and persistence; winning is the only option.\u201d She mentioned Shibarium<\/a> (BONE), LEASH<\/a> and SHIB in reference to the tokens within the Shiba Inu ecosystem<\/a>, suggesting that one or more of these tokens will be central to what\u2019s coming next.<\/p>\n

In conclusion to her message, Lucie reminded the community of the personal nature of investment goals and the relationship between investment and potential returns: \u201cBut remember, each of us has different goals, and how much you invest determines how much profit you collect.\u201d<\/p>\n

She encouraged realistic goal setting and wished everyone luck: \u201cSet your bar realistically, and let\u2019s see how it goes. Good luck to everyone on their journey with Shiba Ecosystem or any other project!\u201d<\/p>\n

Shiba Inu Price Holds Key Support<\/h2>\n

Transitioning to the technical analysis of Shiba Inu\u2019s price action, the weekly chart reveals a number of critical insights. The chart below displays the SHIB\/USD pair on a weekly timeframe, offering a broad view of market sentiment and price trends.<\/p>\n

The price is currently hovering above a crucial support level, as indicated by the recent candles sitting atop the Fibonacci retracement level of 0.236, priced at $0.00000878. This zone is pivotal as it represents a potential reversal area where buyers have previously stepped in.<\/p>\n

The descending trend line, drawn from the highs of August 2022, was broken in December 2023<\/a>, suggesting a shift in the market structure. However, the price has since retested this line, now acting as support.<\/p>\n

The EMA (Exponential Moving Average) lines \u2014 20 (red) and 50 (orange) \u2014 are of particular interest. Within the last three weeks, SHIB couldn\u2019t close above the EMA50 ($0.00000975) and is currently trading below the EMA50 ($0.00000904). A weekly close above the latter could be a bullish sign.<\/p>\n

Notably, the price has been making lower highs, indicative of a downtrend, but the recent support hold above the blue trend line and the 0.236 Fib could be a sign of potential bullish momentum.<\/p>\n

The volume profile shows no significant spikes, indicating a lack of strong buying or selling pressure at the current levels. The RSI (Relative Strength Index) sits just above the midline at 54.71, which does not denote an overbought or oversold market, aligning with the consolidation narrative.<\/p>\n

Key resistance levels to watch are the Fibonacci levels of 0.382 ($0.00001049) and 0.5 ($0.00001188). A break above these could signal a stronger recovery. Conversely, if the price falls below the current support, the next level to watch would be $0.0000715.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Shiba Inu marketing lead Lucie has ignited the community\u2019s excitement with a teaser about the project\u2019s future. On X, the platform that has taken the place of Twitter, Lucie dropped a tantalizing hint about what\u2019s to come for the Shiba Inu ecosystem. Her message<\/a>, shrouded in mystery, suggests a bullish future while details remain undisclosed.<\/p>\n

Lucie teased, \u201cI can\u2019t disclose specifics, but if you possess basic blockchain skills and understand the Shibarium process, you can anticipate what\u2019s ahead.\u201d Lucie continued by highlighting the interest from significant investors: \u201cBig investors are now putting their money into the next big thing.\u201d She also shared an intriguing viewpoint on investment, \u201cA fun fact: real art is finding the gem before anyone else.\u201d<\/p>\n

She also expressed her confidence in the project\u2019s trajectory, emphasizing the commitment of the team: \u201cI believe in our hard work and persistence; winning is the only option.\u201d She mentioned Shibarium<\/a> (BONE), LEASH<\/a> and SHIB in reference to the tokens within the Shiba Inu ecosystem<\/a>, suggesting that one or more of these tokens will be central to what\u2019s coming next.<\/p>\n

In conclusion to her message, Lucie reminded the community of the personal nature of investment goals and the relationship between investment and potential returns: \u201cBut remember, each of us has different goals, and how much you invest determines how much profit you collect.\u201d<\/p>\n

She encouraged realistic goal setting and wished everyone luck: \u201cSet your bar realistically, and let\u2019s see how it goes. Good luck to everyone on their journey with Shiba Ecosystem or any other project!\u201d<\/p>\n

Shiba Inu Price Holds Key Support<\/h2>\n

Transitioning to the technical analysis of Shiba Inu\u2019s price action, the weekly chart reveals a number of critical insights. The chart below displays the SHIB\/USD pair on a weekly timeframe, offering a broad view of market sentiment and price trends.<\/p>\n

The price is currently hovering above a crucial support level, as indicated by the recent candles sitting atop the Fibonacci retracement level of 0.236, priced at $0.00000878. This zone is pivotal as it represents a potential reversal area where buyers have previously stepped in.<\/p>\n

The descending trend line, drawn from the highs of August 2022, was broken in December 2023<\/a>, suggesting a shift in the market structure. However, the price has since retested this line, now acting as support.<\/p>\n

The EMA (Exponential Moving Average) lines \u2014 20 (red) and 50 (orange) \u2014 are of particular interest. Within the last three weeks, SHIB couldn\u2019t close above the EMA50 ($0.00000975) and is currently trading below the EMA50 ($0.00000904). A weekly close above the latter could be a bullish sign.<\/p>\n

Notably, the price has been making lower highs, indicative of a downtrend, but the recent support hold above the blue trend line and the 0.236 Fib could be a sign of potential bullish momentum.<\/p>\n

The volume profile shows no significant spikes, indicating a lack of strong buying or selling pressure at the current levels. The RSI (Relative Strength Index) sits just above the midline at 54.71, which does not denote an overbought or oversold market, aligning with the consolidation narrative.<\/p>\n

Key resistance levels to watch are the Fibonacci levels of 0.382 ($0.00001049) and 0.5 ($0.00001188). A break above these could signal a stronger recovery. Conversely, if the price falls below the current support, the next level to watch would be $0.0000715.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-35428","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=35428"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35428\/revisions"}],"predecessor-version":[{"id":35435,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35428\/revisions\/35435"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=35428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=35428"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=35428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}