• bitcoinBitcoin (BTC) $ 96,253.00
  • ethereumEthereum (ETH) $ 2,717.16
  • xrpXRP (XRP) $ 2.67
  • tetherTether (USDT) $ 0.999823
  • bnbBNB (BNB) $ 650.41
  • solanaSolana (SOL) $ 168.27
  • usd-coinUSDC (USDC) $ 0.999879
  • dogecoinDogecoin (DOGE) $ 0.252408
  • cardanoCardano (ADA) $ 0.760147
  • staked-etherLido Staked Ether (STETH) $ 2,716.82
  • tronTRON (TRX) $ 0.243184
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 95,955.00
  • chainlinkChainlink (LINK) $ 17.92
  • wrapped-stethWrapped stETH (WSTETH) $ 3,244.46
  • litecoinLitecoin (LTC) $ 136.41
  • stellarStellar (XLM) $ 0.334549
  • suiSui (SUI) $ 3.17
  • avalanche-2Avalanche (AVAX) $ 23.68
  • ugold-incUGOLD Inc. (UGOLD) $ 3,037.58
  • hedera-hashgraphHedera (HBAR) $ 0.216973
  • shiba-inuShiba Inu (SHIB) $ 0.000015
  • usdsUSDS (USDS) $ 0.999443
  • leo-tokenLEO Token (LEO) $ 9.66
  • the-open-networkToncoin (TON) $ 3.55
  • wethWETH (WETH) $ 2,717.32
  • hyperliquidHyperliquid (HYPE) $ 24.29
  • polkadotPolkadot (DOT) $ 4.87
  • mantra-daoMANTRA (OM) $ 7.60
  • bitcoin-cashBitcoin Cash (BCH) $ 321.64
  • ethena-usdeEthena USDe (USDE) $ 0.998276
  • bitget-tokenBitget Token (BGB) $ 4.85
  • uniswapUniswap (UNI) $ 9.52
  • wrapped-eethWrapped eETH (WEETH) $ 2,879.15
  • moneroMonero (XMR) $ 240.92
  • pepePepe (PEPE) $ 0.000009
  • whitebitWhiteBIT Coin (WBT) $ 27.12
  • aaveAave (AAVE) $ 253.18
  • ondo-financeOndo (ONDO) $ 1.20
  • aptosAptos (APT) $ 6.42
  • nearNEAR Protocol (NEAR) $ 3.15
  • daiDai (DAI) $ 0.999927
  • bittensorBittensor (TAO) $ 413.72
  • mantleMantle (MNT) $ 1.03
  • susdssUSDS (SUSDS) $ 1.04
  • official-trumpOfficial Trump (TRUMP) $ 16.87
  • internet-computerInternet Computer (ICP) $ 6.90
  • ethereum-classicEthereum Classic (ETC) $ 21.07
  • okbOKB (OKB) $ 49.53
  • gatechain-tokenGate (GT) $ 22.52
  • tokenize-xchangeTokenize Xchange (TKX) $ 35.06
  • kaspaKaspa (KAS) $ 0.105500
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.301456
  • vechainVeChain (VET) $ 0.031723
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 96,179.00
  • sonic-3Sonic (prev. FTM) (S) $ 0.728372
  • crypto-com-chainCronos (CRO) $ 0.084034
  • algorandAlgorand (ALGO) $ 0.259239
  • render-tokenRender (RENDER) $ 4.22
  • filecoinFilecoin (FIL) $ 3.30
  • arbitrumArbitrum (ARB) $ 0.468512
  • cosmosCosmos Hub (ATOM) $ 4.67
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997157
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 95,924.00
  • jupiter-exchange-solanaJupiter (JUP) $ 0.720041
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.724074
  • optimismOptimism (OP) $ 1.13
  • celestiaCelestia (TIA) $ 3.19
  • fasttokenFasttoken (FTN) $ 3.95
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,718.06
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,814.79
  • lido-daoLido DAO (LDO) $ 1.72
  • kucoin-sharesKuCoin (KCS) $ 12.08
  • injective-protocolInjective (INJ) $ 15.04
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 95,803.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.089742
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,064.47
  • nexoNEXO (NEXO) $ 1.33
  • blockstackStacks (STX) $ 0.880314
  • binance-staked-solBinance Staked SOL (BNSOL) $ 174.02
  • immutable-xImmutable (IMX) $ 0.736488
  • the-graphThe Graph (GRT) $ 0.133316
  • theta-tokenTheta Network (THETA) $ 1.27
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,872.27
  • ethenaEthena (ENA) $ 0.399721
  • raydiumRaydium (RAY) $ 4.25
  • bonkBonk (BONK) $ 0.000016
  • flare-networksFlare (FLR) $ 0.020212
  • movementMovement (MOVE) $ 0.492561
  • worldcoin-wldWorldcoin (WLD) $ 1.13
  • usual-usdUsual USD (USD0) $ 0.997727
  • sei-networkSei (SEI) $ 0.226258
  • dexeDeXe (DEXE) $ 18.40
  • telcoinTelcoin (TEL) $ 0.011425
  • jasmycoinJasmyCoin (JASMY) $ 0.021338
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 95,047.00
  • makerMaker (MKR) $ 1,154.67
  • flokiFLOKI (FLOKI) $ 0.000100
  • galaGALA (GALA) $ 0.022221
  • eosEOS (EOS) $ 0.625328
  • tezosTezos (XTZ) $ 0.869569
  • ethereum-name-serviceEthereum Name Service (ENS) $ 26.72
  • the-sandboxThe Sandbox (SAND) $ 0.362037
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,816.63
  • msolMarinade Staked SOL (MSOL) $ 213.69
  • bittorrentBitTorrent (BTT) $ 0.00000085
  • wbnbWrapped BNB (WBNB) $ 651.63
  • flowFlow (FLOW) $ 0.515627
  • iotaIOTA (IOTA) $ 0.220445
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 96,120.00
  • jito-governance-tokenJito (JTO) $ 2.59
  • roninRonin (RON) $ 1.23
  • kaiaKaia (KAIA) $ 0.128750
  • bitcoin-svBitcoin SV (BSV) $ 37.74
  • neoNEO (NEO) $ 10.60
  • pyth-networkPyth Network (PYTH) $ 0.202919
  • tether-goldTether Gold (XAUT) $ 2,929.08
  • berachain-beraBerachain (BERA) $ 6.60
  • story-2Story (IP) $ 2.75
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.41
  • chain-2Onyxcoin (XCN) $ 0.020850
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,871.35
  • axie-infinityAxie Infinity (AXS) $ 4.26
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 182.88
  • paypal-usdPayPal USD (PYUSD) $ 0.999175
  • curve-dao-tokenCurve DAO (CRV) $ 0.515248
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.252577
  • heliumHelium (HNT) $ 3.58
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,717.30
  • meowMEOW (MEOW) $ 0.007014
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.971155
  • usdx-money-usdxusdx.money USDX (USDX) $ 0.999072
  • dogwifcoindogwifhat (WIF) $ 0.615153
  • elrond-erd-2MultiversX (EGLD) $ 21.89
  • pax-goldPAX Gold (PAXG) $ 2,941.47
  • arweaveArweave (AR) $ 9.07
  • decentralandDecentraland (MANA) $ 0.315877
  • resolv-usrResolv USR (USR) $ 1.00
  • spx6900SPX6900 (SPX) $ 0.626795
  • zcashZcash (ZEC) $ 36.10
  • starknetStarknet (STRK) $ 0.223929
  • fraxFrax (FRAX) $ 0.994724
  • insurance-2INSURANCE (INSURANCE) $ 30.53
  • aerodrome-financeAerodrome Finance (AERO) $ 0.736156
  • pumpbtcpumpBTC (PUMPBTC) $ 94,603.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,716.96
  • dydx-chaindYdX (DYDX) $ 0.771967
  • conflux-tokenConflux (CFX) $ 0.113974
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,714.52
  • matic-networkPolygon (MATIC) $ 0.301603
  • pendlePendle (PENDLE) $ 3.29
  • apecoinApeCoin (APE) $ 0.673413
  • beldexBeldex (BDX) $ 0.075338
  • ecasheCash (XEC) $ 0.000026
  • aioz-networkAIOZ Network (AIOZ) $ 0.441125
  • chilizChiliz (CHZ) $ 0.053700
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.008017
  • beam-2Beam (BEAM) $ 0.009575
  • coredaoorgCore (CORE) $ 0.505438
  • morphoMorpho (MORPHO) $ 2.22
  • kavaKava (KAVA) $ 0.457622
  • true-usdTrueUSD (TUSD) $ 0.996941
  • ketKet (KET) $ 0.488761
  • compound-governance-tokenCompound (COMP) $ 54.74
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 96,210.00
  • clbtcclBTC (CLBTC) $ 96,645.00
  • gnosisGnosis (GNO) $ 181.83
  • metars-genesisMetars Genesis (MRS) $ 5.57
  • wormholeWormhole (W) $ 0.163805
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008215
  • axelarAxelar (AXL) $ 0.495186
  • newton-projectAB (prev. Newton) (AB) $ 0.010005
  • amp-tokenAmp (AMP) $ 0.005336
  • verus-coinVerus (VRSC) $ 5.71
  • apenftAPENFT (NFT) $ 0.00000045
  • tbtctBTC (TBTC) $ 96,035.00
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999513
  • quantixaiQuantixAI (QAI) $ 84.37
  • stakestone-berachain-vault-tokenStakeStone Berachain Vault Token (BERASTONE) $ 2,690.63
  • akash-networkAkash Network (AKT) $ 1.73
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.03
  • chex-tokenCHEX Token (CHEX) $ 0.420477
  • grassGrass (GRASS) $ 1.71
  • eigenlayerEigenlayer (EIGEN) $ 1.70
  • mina-protocolMina Protocol (MINA) $ 0.340950
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • thorchainTHORChain (RUNE) $ 1.16
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000074
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,966.17
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • usdbUSDB (USDB) $ 0.993456
  • ousgOUSG (OUSG) $ 110.02
  • zksyncZKsync (ZK) $ 0.106763
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 2,715.74
  • based-brettBrett (BRETT) $ 0.038954
  • wouldwould (WOULD) $ 0.385090
  • ai-companionsAI Companions (AIC) $ 0.381630
  • honey-3Honey (HONEY) $ 0.997256
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • deepDeepBook (DEEP) $ 0.148962
  • super-oethSuper OETH (SUPEROETHB) $ 2,718.75

Shiba Inu could recover as it finds support around key level

Shiba Inu could recover as it finds support around key level

  • Shiba Inu’s price hovers around $0.000021 on Tuesday after retesting and bouncing off from key support the previous day.
  • Sideline investors looking to accumulate SHIB can do so in the $0.000019 to $0.000021 range.
  • A daily candlestick close below $0.000019 would invalidate the bullish thesis.

Shiba Inu (SHIB) price hovers around $0.000021 on Tuesday after retesting and bouncing off from key support the previous day. Sideline investors looking to accumulate SHIB can do so at support levels from $0.000019 to $0.000021.

Shiba Inu price looks promising for a recovery rally

Shiba Inu’s price declined to retest its daily support level at $0.000019 on Monday. This support level coincides with its 61.8% Fibonacci retracement (drawn from the August 5 low of $0.000010 to the December 8 high of $0.000033), making it a key reversal zone. When writing on Tuesday, it trades slightly higher, above its 200-day Exponential Moving Average (EMA) at $0.000021.

Sideline investors looking to accumulate SHIB tokens can do so around $0.000019.

If the $0.000019 holds as support and SHIB closes above the $0.000022 weekly resistance, it could extend the rally to retest its next weekly resistance at $0.000028.

The Relative Strength Index (RSI) reads 44 in the daily chart, below its neutral level of 50, indicating a slight bearish momentum. However, the Moving Average Convergence Divergence (MACD) indicator flattens around its neutral level of zero, suggesting indecisiveness among traders.

Shiba Inu could recover as it finds support around key level

SHIB/INU USDT daily chart

However, on-chain data points to a bullish outlook for Shiba Inu price. According to IntoTheBlock’s In/Out of the Money Map (IOMAP), approximately 17,160 addresses bought 3.22 trillion SHIB tokens at an average price of $0.000021. If the price falls at this level, many investors may add more to their positions, making this a key reversal level to watch for.

From a technical analysis perspective, the $0.000019 to $0.000021 support level aligns with the IOMAP findings, marking this zone as a crucial reversal point to monitor.

Shiba Inu could recover as it finds support around key level

SHIB IOMAP chart. Source: IntoTheBlock

According to Coinglass’s OI-Weighted Funding Rate data, the number of traders betting that the price of SHIB will rally is higher than that anticipating a price fall.

This index is based on the yields of futures contracts, which are weighted by their open interest rates. Generally, a positive rate (longs pay shorts) indicates bullish sentiment, while negative numbers (shorts pay longs) indicate bearishness.

In the case of SHIB, this metric stands at 0.0103%, reflecting a positive rate. This scenario often signifies bullish sentiment in the market, suggesting potential upward pressure on Shiba Inu’s price.

Shiba Inu could recover as it finds support around key level

SHIB OI-Weighted Funding Rate chart. Source: Coinglass

Even though on-chain metrics support the bullish outlook, if Shiba Inu closes below $0.000019 on the daily chart, the bullish thesis would be invalidated by creating a lower low. This development could see SHIB’s price decline by an additional 15% to retest its November 3 low of $0.000016.

Source

Leave A Reply

Your email address will not be published.