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Memecoin

Pepe | Meme Season Confirmed First Dogs then Apes and now its Frog mania ! Gentlemen welcome to crypto world. Pepe just hit a new ATH The price of Pepe is $0.00000075 today with a 24hour trading volume of 140 million dollar. This represents a 125% price increase in the last 24 hours and a 1260% price increase in the past 13 days PEPE is a memecoin launched on Ethereum. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early 2000s 0.0000004 to 0.0000008 was an easy trade and dont forget stop loss when you trade meme coins Wen Pepe Inu !
by moonypto
24
Politics, Whales, & Musk's Support Could Take DOGE to New HighsDogecoin ( CRYPTOCAP:DOGE ), the popular meme-based cryptocurrency, is making headlines once again. This time, it’s not only due to crypto enthusiasts or Elon Musk’s tweets but also because of growing political interest and a surprising rally fueled by major investors. As the founder Billy Markus, known online as “Shibetoshi Nakamoto,” speculates about Dogecoin’s future, Dogecoin’s price is surging, buoyed by political undertones, Musk's cryptic comments, and positive technical indicators. Let’s dive into the factors driving Dogecoin’s price trajectory and the technical setup that suggests a potentially explosive run to $1. The Politics of Dogecoin: Billy Markus, Trump, and Musk Dogecoin’s founder, Billy Markus, recently ignited speculation on X (formerly Twitter) by expressing excitement for a Donald Trump win in the 2024 U.S. election. Markus believes that, should Trump win, mainstream media will inevitably cover Dogecoin due to its cultural and financial influence. Markus even shared a meme symbolizing Musk's amusement at the prospect of this widespread coverage. While this might seem like an odd endorsement, Markus is tapping into a unique factor: Trump’s pro-crypto stance. Trump’s previous administration saw increased interest in digital assets, and another term could potentially expand this impact. The concept has already energized the Dogecoin community, which envisions DOGE as a significant part of a growing decentralized financial landscape. Musk’s rumored involvement in a hypothetical "Department of Government Efficiency" (D.O.G.E) under a Trump administration further adds to the excitement. This hypothetical department, while not a literal development, has fueled speculation and increased demand for DOGE. Whale Activity and the Musk Effect Large investors, known as "whales," have also recently increased their Dogecoin holdings. One whale withdrew 75 million DOGE (approximately $13.4 million) from Robinhood, causing a flurry of speculation about potential moves among big players. Whale movements are often perceived as an indicator of market confidence, and this massive transfer has contributed to DOGE’s upward momentum. Adding to the hype, Elon Musk recently used the acronym “D.O.G.E” in a speech, likely as a tongue-in-cheek reference. This play on words has sparked a surge in interest from the Dogecoin community. Musk’s position as a Dogecoin advocate and influencer cannot be overstated. In the week following his “D.O.G.E” mention, DOGE saw a 31% price spike. Recently, Musk posted a "Doge flex" image on X, further fueling investor enthusiasm and speculation. With Musk’s involvement, the Dogecoin community is hopeful for continued support, potentially helping DOGE reach new price milestones. Dogecoin’s Technical Outlook The technical analysis for Dogecoin ( CRYPTOCAP:DOGE ) further supports its upward trajectory. At the time of writing, DOGE has risen 6% and is trading within a bullish reversal pattern. This pattern, coupled with high trading volume, shows that the market has a growing appetite for $DOGE. Here’s a breakdown of the current technical outlook: The relative strength index (RSI) is at 78, indicating an overbought condition. This shows that the asset is in high demand but may soon see a consolidation or slight pullback as it tests key resistance levels. CRYPTOCAP:DOGE recently broke out from a bullish symmetrical triangle pattern, which often signals the potential for an explosive upside move. This breakout marks an increase in demand and positions CRYPTOCAP:DOGE for further gains. CRYPTOCAP:DOGE is currently facing resistance at $0.20. If CRYPTOCAP:DOGE successfully breaks past this level, the next resistance targets are set at $0.50 and potentially $1—a milestone that many investors have long anticipated. Road to $1: Can CRYPTOCAP:DOGE Realistically Reach This Target? The possibility of Dogecoin hitting $1 is no longer as far-fetched as it once seemed. If it can break past the $0.50 pivot, Dogecoin ( CRYPTOCAP:DOGE ) may have enough bullish momentum to make its way to the $1 mark. The combination of technical factors—especially the breakout from the symmetrical triangle—and fundamental support from major influencers could propel CRYPTOCAP:DOGE towards this target. Conclusion Dogecoin’s recent rally isn’t just a typical meme-driven spike. With political figures like Trump and financial influencers like Musk involved, DOGE is drawing interest from unexpected corners. Billy Markus’s comments add an exciting layer of intrigue, blending politics, finance, and technology into one narrative. Moreover, whale activity and Musk’s strategic mentions further amplify the potential of this asset. In the coming months, Dogecoin’s journey will likely be defined by the broader crypto market, U.S. election developments, and Musk’s ongoing influence. As DOGE edges closer to the $0.20 resistance level, many investors are already eyeing a potential leap toward $1, something that once seemed like a distant goal. For now, DOGE remains a volatile yet enticing asset in the crypto world—an investment that, like its community, thrives on a combination of humor, optimism, and ambition. For those who believe in the power of the meme coin, the ride to $1 might just be starting.
Long
by DEXWireNews
DOGECOIN BREAKOUT ALERT! | 3 Scenarios to Watch for Morning, trading family! Let’s break this down. Dogecoin’s been hanging out in this range, but it looks like a breakout’s on the horizon. I see three ways this could play out, so here’s what I’m watching. Scenario 1: If we get a clean breakout from here, we’re likely heading toward 0.1745. If that level holds, we could see it push even higher, up to 0.1847 and beyond. Scenario 2: There’s a chance we pull back first, dipping into the 0.162 to 0.159 area. If buyers step in, we could bounce from there and make our way back toward 0.17 to 0.1745, and maybe even higher. Scenario 3: The market could also take us a bit lower, down to 0.1550. If that happens, it’s not the end of the world—a strong bounce from there can still send us back to 0.17 and beyond over time. What do you guys think of this analysis? Do we pop straight up, or do we dip first? Let me know how you’re seeing it—drop a comment below. Always love hearing your thoughts. Mindbloome Trading/ Kris Trade What You See
COINBASE:DOGEUSDLong
by Mindbloome-Trading
$TROLL on the Rise: Why This Could Be the Bullish Play of 2024In an era where cryptocurrency innovation meets community-driven culture, $TROLL emerges as a new sensation, bringing nostalgic meme vibes, security, and the spirit of decentralization to the market. $TROLL revives the beloved TrollFace, sparking a “meme revolution” that is setting out to make memecoins fun and approachable once again. With a renounced contract and burned liquidity pool (LP), $TROLL boasts a transparent and community-focused ecosystem, capturing both the light-hearted essence of memes and the safety-driven principles that investors seek. Why $TROLL is Different Unlike many memecoins that launch with presales, tax structures, and other barriers to entry, $TROLL took a unique path by launching stealthily, with zero taxes, a renounced contract, and a burned LP. This approach not only underscores the project’s commitment to decentralization but also positions $TROLL as a “coin for the people,” ensuring that the token remains accessible, community-driven, and safe. $TROLL tokens can be traded on notable exchanges like HTX, DigiFinex, and Gate.io, with HTX currently leading in trading volume for the TROLL/USDT pair, amassing $3.5 million in the last 24 hours. This accessibility on centralized exchanges allows a wide range of crypto enthusiasts to join the $TROLL movement, contributing to its liquidity and appeal in the market. Daily Market Activity & Rising Volume The recent market activity surrounding $TROLL suggests increasing interest, as its 24-hour trading volume has surged by 14.9% to $5.4 million. This heightened activity signals fresh attention to the coin and its bullish potential, with active trading showcasing the rising market sentiment toward this community-led project. All-Time Highs and Lows: A Historic Snapshot Since its inception, $TROLL has demonstrated significant price movement. Its all-time high of $0.000006134, recorded in Mar 02, 2024 (8 months ago), sits 85.57% above the current price. However, the coin’s lowest price was recorded in Aug 05, 2024 (3 months ago) at $0.000000010888. Market Cap and Fully Diluted Valuation With a current market cap of $18.5 million and a fully diluted valuation (FDV) closely matching at $18.54 million, $TROLL ranks at #1136 on CoinGecko and #841 on CoinmarketCap. These valuations reflect $TROLL’s ambitious goal of reaching a maximum market cap in alignment with its circulating supply of 960 trillion tokens. This FDV metric shows the scope of $TROLL’s potential growth as it gains traction among decentralized finance (DeFi) and meme-loving communities. Technical Outlook From a technical perspective, $TROLL exhibits signs of an upward trend, with its current price up by 4.75% at $0.000000193. The Relative Strength Index (RSI) sits at 52, indicating a bullish shift in sentiment. As $TROLL transitions from a falling wedge to a rising wedge, it forms a *three white soldiers* pattern on daily candles, a classic indicator of a strong bullish reversal. This pattern, combined with a trough and crest formation within a rectangular trading range, suggests that $TROLL may soon test the upper limit of this range. Adding to its bullish case, $TROLL is trading above several key moving averages (MAs), solidifying its potential for further upward momentum. The convergence of these MAs provides strong support, acting as a foundation for $TROLL’s continued upward movement. Market Comparison: Memecoins on the Rise Despite a price decline of -1.1% in the past week, $TROLL is beginning to outperform other similar memecoins. In comparison, the general cryptocurrency market saw a 2.5% increase, while other Ethereum-based tokens rose by 12.7%. This underperformance presents an entry point for investors seeking exposure to a potential upside as $TROLL continues to build momentum with its unique, community-centered ethos. Positioned for a Promising Future With its strategic blend of meme appeal, decentralization, and secure design, $TROLL has set the stage for a promising trajectory. As CRYPTOCAP:BTC currently sits at $71,000, contributing positively to the general market sentiment, $TROLL is well-positioned to benefit from this crypto-wide momentum. The market activity, technical indicators, and fundamental factors all align to create a compelling case for $TROLL as it aims to redefine the role of memecoins in the cryptocurrency landscape. And so it leads us to the question: "Could $TROLL Be the Bullish Play of 2024"
UNISWAP:TROLLWETH_B7426B.USDLong
by DEXWireNews
GOATSEUS MAXIMUS IS STILL NO.1 MEME FOR THIS BULL RUNFalling Wedge: A falling wedge pattern is observed, which generally signals a bullish reversal. This pattern typically forms when the price consolidates between two downward-sloping trendlines that converge. The breakout point is expected above the upper trendline, indicating a potential bullish move. Resistance and Support Zones: Resistance Zones are highlighted in orange above the price levels, indicating areas where price may face selling pressure. Support Zone is formed at the lower trendline of the wedge, which has been tested multiple times, showing that buyers are stepping in around these levels. Indicators: VMC Cipher shows potential bullish divergence, suggesting momentum is shifting upwards. RSI (Relative Strength Index) is near the neutral zone (around 50), indicating no extreme overbought or oversold condition. A push above 50 could signal increased bullish momentum. Stochastic Oscillator is in an upward trajectory from oversold levels, suggesting a short-term bullish reversal. HMA Histogram is turning positive, which may indicate an upward trend reversal. Volume Note: Lack of volume data suggests that it’s essential to observe if any breakout is accompanied by significant volume. This would confirm a true breakout from the wedge pattern. Trading Plan Entry Strategy: Breakout Entry: Enter a long position if the price breaks and closes above the upper trendline of the falling wedge with a strong bullish candle. Confirm breakout strength with an increase in RSI and a positive crossover in the Stochastic. Early Entry: For aggressive traders, an early entry could be made near the current level, expecting a breakout soon, but with a strict stop-loss. Take Profit Targets: Target 1: Place the first target at the nearest resistance zone (around $0.80). Target 2: Secondary target can be set at the upper resistance zone around $0.95 to $1.00, as indicated by the blue arrow. Stop-Loss: Set a stop-loss just below the recent low within the wedge, around $0.61, to protect against a false breakout or continuation of the downtrend. Risk Management: Use a risk-reward ratio of at least 1:2 or higher to ensure a profitable trade setup. Adjust the position size to account for volatility and maintain proper risk per trade (e.g., 1-2% of portfolio per trade). Trailing Stop: Consider implementing a trailing stop once the price approaches the first target to lock in profits as the trade progresses. Monitoring Indicators: Monitor the RSI and Stochastic to ensure they continue to support the bullish sentiment. Watch for any change in the HMA Histogram, which could signal early warning signs if it shifts back to a downtrend.
CRYPTO:GOATSEUSDLong
by elfabiiani
Goatseus Maximus(GOAT) Ready to FALL!!!(Alert)!!!Today, I want to analyze the Goatseus Maximus(GOAT) memecoin, which has increased almost 😱+1500%😱 in less than 12 days . What is Goatseus Maximus (GOAT)!? Goatseus Maximus (GOAT) is a meme coin within the Solana( BINANCE:SOLUSDT ) ecosystem, which has gained significant attention due to its AI-driven features and strong community backing. Its recent surge in price has been driven by multiple factors, including listings on major exchanges. ⚠️Regarding the GOAT memecoin , I must warn that as if the team members of GOAT are NOT known, the specific website or social media(just X Platform) related to GOAT that have been approved by the project team CANNOT be found . As a result, please pay more attention to capital management before buying GOAT .⚠️ In terms of Technical Analysis , GOAT is moving near the lower line of the Ascending Channel and Potential Reversal Zone(PRZ) . Also, the Evening Star Candlestick Reversal Pattern in PRZ and the Huge volume of the third candle of this pattern again indicate the return and fall of GOAT . Also, Regular Divergence(RD-) between Consecutive Peaks . I expect GOAT to drop at least 🚨 -50% 🚨 after breaking the lower line of the ascending channel, according to the explanation above . ⚠️Note: If GOAT can trade above $1.00 for 2-3 days, we can expect an increase.⚠️ Goatseus Maximus Analyze ( GATEIO:GOATUSDT ), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
10
Shiba Inu on the Brink: Major Breakout or Collapse Incoming? SHIB at a Crossroads: Will It Fly or Fall? Shiba Inu is sitting at a key support level around 0.00001704, and the next move could set the tone for what’s coming. If buyers step in and push the price past the resistance zone around 0.00001899, we could see a rally toward 0.000020568 and even 0.000024525. However, if the current support fails, sellers could gain momentum and drive the price down to the 0.000008667 zone. Right now, SHIB is moving within a narrow range, and the next few days will be critical. Watch for strong volume to confirm a breakout or breakdown—either way, a big move is on the horizon. If you found this analysis useful, don’t forget to like, comment, and follow for more updates and insights. Mindbloome Trading/ Kris Trade What You See
CRYPTO:SHIBUSD
by Mindbloome-Trading
MongCoin: A Deep Dive Into Market Dynamics and Future PotentialMongCoin ($MONG) has been making waves in the crypto space with its unique position as a community-driven token. Although the coin has experienced recent price fluctuations, it continues to garner attention, thanks to its active trading and potential for growth. We’ll break down the current technical and fundamental aspects of $MONG, shedding light on its market performance and future outlook. Where Can You Buy MongCoin? MongCoin ($MONG) tokens are primarily traded on centralized crypto exchanges, with Bitget being the most active platform. The MONG/USDT trading pair on Bitget has amassed a trading volume of $137,263 in the last 24 hours, highlighting its popularity among traders. Other notable exchanges where $MONG is available include CoinW and MEXC. Current Trading Volume As of today, the daily trading volume for MongCoin stands at $873,728, marking a significant 54.40% decrease compared to the previous day. This drop in trading activity signals a slowdown in market engagement, possibly due to broader market conditions. However, it also offers traders an opportunity to assess the market’s next move as the price activity suggests potential accumulation. Price History: All-Time High and Low MongCoin ($MONG) has seen its ups and downs. The coin’s all-time high (ATH) was recorded on May 6, 2023. Currently, the price is 95.48% lower than this peak, standing at $0.000000071604. Conversely, $MONG hit its all-time low of $0.00000000084908 on October 13, 2023. Since then, it has surged by 229.46%, demonstrating significant recovery and resilience in a short time span. Market Cap and Valuation With a circulating supply of 690 trillion $MONG tokens, the coin’s market capitalization is approximately $11.17 million, placing it at #1404 on CoinGecko’s ranking. This positions $MONG as a small-cap token, but with room for growth, especially as more tokens enter circulation or are removed via burns. The fully diluted valuation (FDV) of MongCoin ($MONG) is identical at $11.17 million, reflecting the total market cap based on the maximum number of tokens in circulation. However, given $MONG’s sizable supply, the token’s future price trajectory will largely depend on community-driven efforts like burns and further adoption. Comparative Performance Over the past week, $MONG has outperformed the broader cryptocurrency market. With a 6.80% price increase, it is outperforming the global crypto market, which saw a -0.50% decline over the same period. That said, $MONG has underperformed when compared to other cryptocurrencies within the Ethereum Ecosystem, which are up 12.70%. This shows there is room for improvement and upside, should momentum build. Technical Outlook From a technical perspective, $MONG’s price action has been relatively bearish in recent days, with a 1.35% decline and trading within a downward trend channel. Indicators like the RSI, MACD, and the trend moving averages (MA) also confirm this bearish sentiment. However, despite the short-term downward pressure, $MONG is trading just above its 200-day MA, which could provide a critical support level. The RSI (Relative Strength Index) shows that $MONG is nearing oversold territory, indicating that a potential bounce could be on the horizon. Meanwhile, the MACD (Moving Average Convergence Divergence) is also hinting at a possible trend reversal if buying pressure increases. One key thing to note is that $MONG remains poised for a bigger run. The token is still in its early stages, with a market cap well below $50 million, suggesting there’s ample room for growth. However, one of the biggest hurdles is the token’s massive supply. With a circulating supply nearing a trillion, inflationary pressure could hinder price appreciation in the long term unless the MongCoin community implements robust burn mechanisms. Developments and Future Prospects MongCoin’s future hinges on several factors. First, the coin’s integration into more centralized and decentralized exchanges will enhance its liquidity and exposure, attracting more investors. Bitget, CoinW, MEXC, and other exchanges have already contributed to its accessibility, but more listings will be key to driving up volume and interest. Second, the community-driven burn mechanisms could drastically impact $MONG’s price. If the team behind MongCoin ($MONG) implements aggressive token burns, it would reduce the circulating supply and potentially lead to a price surge. Lastly, the meme culture behind MongCoin remains a driving force. While meme coins are often highly speculative, they thrive on community engagement and viral moments. As seen with other meme coins like Dogecoin and Shiba Inu, sustained interest and hype can propel a token to unforeseen heights. Conclusion Although $MONG is currently facing a short-term bearish outlook, its underlying fundamentals and market potential present significant upside. With a massive circulating supply, the implementation of a burn mechanism will be crucial to its long-term success. As MongCoin ($MONG) continues to capture the attention of traders and remains actively traded on popular exchanges, it is well-positioned for future growth—especially as market sentiment improves. For investors willing to weather the volatility, $MONG’s combination of meme appeal and strategic developments could make it a worthwhile addition to their portfolios.
by DEXWireNews
HAMSTER KOMBATHamster Kombat is an emerging trend in the crypto-gaming world, combining the excitement of clicker games with real-world earning potential. Here are some key points about its future trend and potential: Growth Potential: Launched in 2024, Hamster Kombat has quickly gained traction, attracting millions of players. The game’s native token, HMSTR, is expected to see significant growth, with predictions suggesting it could reach $0.35 by the end of 2024 and potentially $1.50 by 2030. Community and Engagement: The game has built a strong, active community where players can share strategies and earn rewards. This community-driven approach is crucial for its long-term success. Technological Advancements: Hamster Kombat leverages blockchain technology, specifically The Open Network (TON), to ensure secure and decentralized gameplay. This integration of blockchain enhances the game’s credibility and appeal. Market Sentiment: Despite some volatility, the overall market sentiment for Hamster Kombat remains positive. The game’s unique blend of social interaction, gaming, and financial rewards positions it well in the growing play-to-earn market. Future Developments: Continuous innovation, such as new gaming modes, staking features, and strategic partnerships, will be essential for maintaining user interest and driving further growth.
Long
by DynamicCapital-FX
11
Billy/SOL - Raydium (Meme coin)TF: Daily Price Action: Currently the price is in a bearish trend on Daily tf, it has given signs on a lower tf for a pull back to start taking place. If the pullback takes place we can expect the price to reach above marked supply area and even swing highs. (in order for price to be bullish it needs to flip the swing high) **Buying ranges are mentioned but there is a ton of liquidity below the range, price can come and take out liquidity before continuing the trend, take cautions. Buying Ranges: 0.02435 – 0.01252 *NOT A FINANCIAL ADVICE – DYOR!*
Long
by zain9674
PENG/SOL - Raydium (Meme coin)TF: Daily Price Action: Currently in a bearish trend. Broke the previous daily structure, and price pulled back in to the current range supply zone which led the break of structure, Key point: before running into the supply area, price took out the liquidity and then made an internal bos. Currently price is retesting its internal S/R flip zone, which also has a 0.5% of Fib, but as of yet no significant reaction found, if the price starts ranging at the current price levels, I’ll wait for the liquidity to be taken out first before entering a position, or I ‘ll wait for price to come in my demand zone. Buying Ranges: 0.1403 – 0.1120 *NOT A FINANCIAL ADVICE – DYOR!*
RAYDIUM:PENGSOL_AXBDDI.USDLong
by zain9674
Shiba Inu Burn Rate Explodes by 6750%- $SHIB to $0.01 Realistic?The Shiba Inu Burn Rate recently rocked by a staggering 6750%. With nearly 27.1 million coins taken out of circulation in a single day, this development has reignited bullish sentiments and heightened expectations among investors hoping to see the token soar to its long-anticipated $0.01 price target. Burn Rate Surge and Ecosystem Growth The Shiba Inu burn rate has long been a key factor in market optimism for the token's future. The recent uptick marks another significant milestone, with the supply steadily decreasing. According to Shibburn data, the total circulating supply now stands at 589.26 trillion coins. This burn activity exemplifies the fundamental economic principle of supply and demand, where a shrinking supply combined with sustained demand can create upward price pressure. Shiba Inu’s ecosystem is also growing in prominence. Its Layer 2 solution, Shibarium, continues to see rising activity. Shibarium has sparked enthusiasm, as its growth signals the potential for further adoption and utility within the network. Such developments draw parallels to the meteoric price rally witnessed during Shiba Inu’s historic bull run in 2021. However, despite this burn surge, Shiba Inu's price dipped by 2.5% to $0.00001806 at the time of writing. The broader market correction has tempered short-term optimism, but long-term prospects remain intact thanks to the ongoing token burns and ecosystem expansions. Prominent figures within the SHIB community, such as marketing lead LUCIE, continue to advocate for the $0.01 target, although they acknowledge that patience will be required for the coin to reach that level. Technical Analysis From a technical perspective, Shiba Inu ( CRYPTOCAP:SHIB ) is trading within a weak channel, struggling to maintain momentum. The Relative Strength Index (RSI) currently sits at 38, signaling that the asset is in oversold territory. This could indicate that a potential reversal is on the horizon, especially as the token attempts to break through key resistance levels. The chart shows that CRYPTOCAP:SHIB recently broke down from a rising wedge pattern, which is traditionally seen as a bearish signal. The falling wedge pattern suggests that a period of consolidation might be imminent before a strong upward movement. The next significant resistance is at the $0.00002 pivot point, which could act as a springboard toward $0.00002174 — the token’s one-month high. A move toward the $0.000021 mark would likely attract a new wave of buyers, potentially triggering a fresh rally. For the bulls to regain control, though, significant token burns will be essential to reduce supply and increase scarcity. The 50, 100, and 200 Moving Averages also present a mixed outlook, indicating further consolidation might occur before a definitive trend emerges. Shiba Inu's Historical Significance and Outlook The Shiba Inu token ( CRYPTOCAP:SHIB ) holds a unique place in cryptocurrency history as the first "mascot" coin to be involved in such a large-scale charitable act. Vitalik Buterin, the co-founder of Ethereum, made headlines in 2021 when he donated a massive amount of CRYPTOCAP:SHIB to the India COVID Relief Fund, a move that remains one of the largest crypto donations ever. This philanthropic association with CRYPTOCAP:SHIB has elevated its status in the eyes of the crypto community. Looking ahead, CRYPTOCAP:SHIB ’s path to the $0.01 price target will largely depend on several factors: the continued burn rate, ecosystem development, and broader market trends. While it remains a long road, the strong community backing and recent technical signals suggest that Shiba Inu ( CRYPTOCAP:SHIB ) could once again surprise investors with a sharp upward trajectory, provided the burn rate continues at its current pace. In conclusion, Shiba Inu’s recent burn rate explosion is a bullish signal for its long-term prospects. Although the token faces immediate challenges due to technical resistance and market corrections, the fundamental outlook remains optimistic. Investors should closely monitor key levels such as $0.000021 and $0.00002 for signs of a potential breakout. As always in the volatile crypto space, patience and a careful eye on both fundamentals and technical indicators will be crucial to navigating the journey toward $0.01.
COINBASE:SHIBUSDLong
by DEXWireNews
GOATSEUS MAXIMUS NO. 1 MEME COIN ATMTechnical Analysis + trade plan by Blaž Fabjan Rising Wedge Pattern A Rising Wedge is identified on the chart, which is typically a bearish reversal pattern in technical analysis. This indicates that the price could experience a short-term decline once the wedge breaks downwards, which is consistent with the message on the chart indicating a potential short-term decline. Support and Resistance Levels Support Level: $0.18047 (Key support zone where price could potentially rebound or consolidate). Resistance Levels: $0.58642: This level is a key point to watch for short-term profit-taking if the price rises. $0.99652: Long-term potential target for new All-Time High (ATH) based on the pattern after the short-term decline. Volume Analysis The Volume (GOAT) is showing 909.922K, suggesting strong interest and participation at the current price range. Volume needs to increase significantly to confirm any breakout from the wedge, either upward or downward. Divergence (VMC B Divergences) The chart shows the VMC B Divergences, indicating potential early signs of price reversal. Negative divergence here could indicate that momentum is weakening and aligns with the expectation of a short-term drop. RSI and Stochastic RSI RSI (14 period): 56.43 – This shows that the price is in a neutral zone, not overbought or oversold. Stochastic RSI (14, 1, 3): 94.16 – Indicates that the price is in the overbought zone, which could signal a pullback soon, especially as it is above 80. Hull Moving Average Histogram (HMA Hist) HMA Hist: It’s slightly negative (-0.00315), which can indicate early bearish momentum, supporting the idea of a short-term price decline. Trading Plan Scenario 1: Short-Term Decline and Rebound (Rising Wedge Breakdown) Entry: If the price breaks below the rising wedge, consider entering a short position around $0.50-$0.52, aiming for a decline towards the support level of $0.18047. Confirmation of the breakdown would be further decline in RSI below 50 and volume spikes on red candles. Profit Target: First profit target is around $0.18047 (support level), which offers a significant risk-to-reward ratio. Stop-Loss: Place a stop-loss just above the resistance at $0.58642 to limit potential losses in case of a sudden upward breakout. Indicators to Watch: Watch for a change in the RSI back towards 30-40 during the pullback, which could indicate oversold conditions and a potential reversal. Scenario 2: Upward Breakout After Decline (ATH Target) Entry: After the expected decline, if the price finds support near $0.18047 and starts forming a bullish reversal pattern (like a double bottom or hammer candle), look to enter a long position. Profit Target: First target is $0.58642, and the second is $0.99652 for a potential new all-time high (ATH). Stop-Loss: For the long position, place a stop-loss just below $0.18047 to protect against further downside risk. Indicators to Watch: Watch for RSI moving above 50 again and a bullish crossover in Stochastic RSI to confirm the bullish momentum shift. Risk Management Risk per Trade: Limit risk to 1-2% of total trading capital. Position Sizing: Adjust position size based on stop-loss distance and desired risk tolerance. Summary Short-Term View: Price could decline after breaking down from the rising wedge, aiming for the support at $0.18047. Long-Term View: After the expected short-term decline, a bullish reversal could target a new ATH at $0.99652, provided volume and momentum confirm the breakout.
Long
by elfabiiani