{"id":13951,"date":"2021-10-28T13:05:35","date_gmt":"2021-10-28T07:35:35","guid":{"rendered":"https:\/\/zebpay.com\/?p=13951"},"modified":"2021-10-28T13:05:35","modified_gmt":"2021-10-28T07:35:35","slug":"altcoin-thursday-shiba-inu","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/altcoin-thursday-shiba-inu","title":{"rendered":"Altcoin Thursday: Shiba Inu"},"content":{"rendered":"\n

28 OCT\u00a0 2021 | ZebPay Trade-Desk<\/strong>
Shibu Inu (SHIB)<\/a> is a coin that aims to be an Ethereum based replacement\u00a0 to Dogecoin, the very popular memecoin. Bitcoin is designed to be scarce whereas SHIB is intentionally made in a way that is abundant in nature. The total circulating supply of it is 1 quadrillion. The Shiba Inu token system supports innovative and artistic projects like the NFT art incubator and the development of its own decentralized exchange called the ShibaSwap.
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SHIB<\/a> after consolidating in a range from $0.0000057 to $0.0000092 for almost four months finally gave a massive breakout on 4th October and rallied up to 0.00003528. Post this move the asset made a \u2018Flag\u2019 pattern (Continuous pattern).  Shiba Inu gave yet another breakout by successively forming a \u2018Higher Top Higher Bottom\u2019 formation since the last \u2018Flag\u2019 pattern and the prices skyrocketed to the new all-time high of $0.0000800. The rising moving averages and the relative strength index (RSI) in the positive territory indicate that buyers have the upper hand. However, Investors need to be cautious as the asset has surged almost by 1000% within a month, so profit booking at higher levels can\u2019t be ruled out.<\/p>\n\n\n\n

Support 2<\/strong><\/td>Support 1<\/strong><\/td>Asset<\/strong><\/td>Resistance 1<\/strong><\/td>Resistance 2<\/strong><\/td><\/tr>
$0.0000475<\/td>$0.00005712<\/td>SHIBA INU<\/strong><\/td>$0.0000800<\/td>$0.00010<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Disclaimer: <\/strong>Investments in cryptocurrencies viz. Bitcoin<\/a>, Bitcoin Cash<\/a>, Ethereum<\/a>, etc. are very speculative and are subject to market risks. The analysis by Author is for informational purposes only and should not be treated as investment advice.<\/p>\n","protected":false},"excerpt":{"rendered":"

28 OCT\u00a0 2021 | ZebPay Trade-DeskShibu Inu (SHIB) is a coin that aims to be an Ethereum based replacement\u00a0 to Dogecoin, the very popular memecoin. Bitcoin is designed to be scarce whereas SHIB is intentionally made in a way that is abundant in nature. The total circulating supply of it is 1 quadrillion. The Shiba […]<\/p>\n","protected":false},"author":1,"featured_media":11542,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[69],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/13951"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=13951"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/13951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/11542"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=13951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=13951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=13951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}