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Shiba Inu prices have risen by 80% over the past 24 hours to trade at $0.00003560 As of 00:14 am EST, trading volume had risen 307% to $13,35 billion.
SHIB is the leading meme coin and has been gaining ground alongside DOGE, PEPE and BONK. The surge is part of a meme coin mania that has been ongoing for some time. Tokens have posted double-digit daily gains and triple-digit weekly gains.
Shiba inu price set to rise over the Bullish Pennant
Shiba Inu has broken through the psychological threshold of $0.000030 as bulls continue to push the price upwards towards the resistance at $0.000045. Although the bears might have been in control, they may have allowed SHIB’s price to retrace, and trade within lower boundaries of the pennant.
SHIB’s current price is above the Simple Moving Averages (SMAs) of both 50-days and 200-days, which confirms the current bullish trend.
Additionally, the Relative Strength Index(RSI) is currently above 50-midline at 54. If bulls continue to maintain their positive momentum, RSI may reach overbought territory, indicating continued investor optimism.
Moving Average Convergence Divergence – (MACD) is also a strong indicator of bullish sentiments. This is because the moving average (blue line) crosses above signal (orange line), indicating a crossover bullish. Investors often take up more buy positions after a bullish cross-over, as the price is expected to continue to climb.
Moreover, green bars extend above the zero-line on the histogram, indicating that SHIB’s price is on an upward trajectory. The Average Directional Index is above the level 20 at 46. This shows that SHIB has a strong bullish trend.
Shiba Inu Price Prediction: $0.00005 In Sight
Shiba Inu’s price analysis indicates that SHIB has a bullish momentum. The ADX, MACD and other indicators support the bullish outlook. The bulls want to rebound the price by breaching the upper limit of the pennant and aiming at $0.00005. They will also clear resistances like $0.000040 or $0.00004485.
If the bears gain control, they may drive the price back down to $0.000027. This would coincide with the 50-day SMA.
Smog is a project which promises the biggest airdrop ever on the Solana Blockchain.
Smog is the Next BONK. 100X Gains Potential
The Jupiter Exchange launched in early February. Smog The game has gained popularity as it strives to be the dominant meme coin in Solana, such as BONK, WIF and MYRO. It’s slogan, “One meme coin to rule them all,” reflects its audacious ambition.
One could say that #Memecoin All of them! π
Prepare for the greatest #Airdrop History is distributed on #Solana. π°
Join Us #SMOG Zealy! π₯
Link in Bio π pic.twitter.com/vsn4p5cSF4
β SMOG (@SMOGToken) February 8, 2024
The team is already allocating 35% of the total supply of 1.4 billion Tokens to this purpose. The team claims the airdrop will take place “the greatest in history.”
Smog is still on the rise. The price has risen 114% in the past seven days, reaching a high of $0.12 and then retracing to its current $0.1118.
The token is a growing sensation, with over 40,000 token holders and a market cap of $87,000,000.
Purchase and stake $SMOG to Qualify for the Biggest Airdrop
You can qualify for the Smog Airdrop in two different ways. You can do this in two ways. buy and hold Smog tokens Your wallet is your best friendΒ
Zealy will manage your airdrop points. Over 800,000 quests have been completed by Airdrop users on the platform.
Smog also airdrops $1,500 in $SMOG daily through airdrop distributions to BONK holders, WIF holders, MYRO holders, and SAMO owners.
Smog’s stake option allows you to earn passively by staking. staking $SMOG For an impressive annual percentage Yield (APY) of 42 %.
Jacob Bury, crypto analyst and YouTuber says that Smog could surge by 100X.
Buy the SMOG Token on the official website Qualifying for the airdrop is important. You can also get a 10% off when you purchase and stake $Smog.
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“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: insidebitcoins.com