• bitcoinBitcoin (BTC) $ 60,140.00
  • ethereumEthereum (ETH) $ 3,208.69
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 538.57
  • solanaSolana (SOL) $ 145.24
  • usd-coinUSDC (USDC) $ 0.999431
  • staked-etherLido Staked Ether (STETH) $ 3,211.17
  • xrpXRP (XRP) $ 0.537779
  • the-open-networkToncoin (TON) $ 7.36
  • dogecoinDogecoin (DOGE) $ 0.113676
  • cardanoCardano (ADA) $ 0.437196
  • tronTRON (TRX) $ 0.138194
  • avalanche-2Avalanche (AVAX) $ 26.14
  • shiba-inuShiba Inu (SHIB) $ 0.000017
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 60,247.00
  • polkadotPolkadot (DOT) $ 6.25
  • chainlinkChainlink (LINK) $ 13.16
  • bitcoin-cashBitcoin Cash (BCH) $ 381.13
  • uniswapUniswap (UNI) $ 8.35
  • nearNEAR Protocol (NEAR) $ 5.44
  • leo-tokenLEO Token (LEO) $ 5.81
  • daiDai (DAI) $ 1.00
  • litecoinLitecoin (LTC) $ 70.21
  • matic-networkPolygon (MATIC) $ 0.529022
  • wrapped-eethWrapped eETH (WEETH) $ 3,350.43
  • internet-computerInternet Computer (ICP) $ 8.89
  • kaspaKaspa (KAS) $ 0.170405
  • pepePepe (PEPE) $ 0.000009
  • ethena-usdeEthena USDe (USDE) $ 0.999034
  • ethereum-classicEthereum Classic (ETC) $ 22.41
  • aptosAptos (APT) $ 6.62
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.22
  • stellarStellar (XLM) $ 0.103129
  • moneroMonero (XMR) $ 157.04
  • makerMaker (MKR) $ 2,788.69
  • hedera-hashgraphHedera (HBAR) $ 0.070792
  • blockstackStacks (STX) $ 1.69
  • crypto-com-chainCronos (CRO) $ 0.092628
  • filecoinFilecoin (FIL) $ 4.25
  • render-tokenRender (RNDR) $ 6.17
  • cosmosCosmos Hub (ATOM) $ 6.18
  • okbOKB (OKB) $ 40.04
  • mantleMantle (MNT) $ 0.720923
  • vechainVeChain (VET) $ 0.028567
  • arbitrumArbitrum (ARB) $ 0.710830
  • immutable-xImmutable (IMX) $ 1.37
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,254.38
  • suiSui (SUI) $ 0.807802
  • injective-protocolInjective (INJ) $ 20.78
  • optimismOptimism (OP) $ 1.72
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999257
  • bittensorBittensor (TAO) $ 271.20
  • the-graphThe Graph (GRT) $ 0.191952
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,594.95
  • dogwifcoindogwifhat (WIF) $ 1.73
  • bonkBonk (BONK) $ 0.000024
  • arweaveArweave (AR) $ 24.64
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,330.25
  • notcoinNotcoin (NOT) $ 0.015160
  • aaveAave (AAVE) $ 101.97
  • lido-daoLido DAO (LDO) $ 1.68
  • bitget-tokenBitget Token (BGB) $ 1.04
  • ondo-financeOndo (ONDO) $ 1.01
  • flokiFLOKI (FLOKI) $ 0.000149
  • theta-tokenTheta Network (THETA) $ 1.42
  • whitebitWhiteBIT Coin (WBT) $ 9.56
  • fantomFantom (FTM) $ 0.488606
  • thorchainTHORChain (RUNE) $ 3.78
  • celestiaCelestia (TIA) $ 6.29
  • algorandAlgorand (ALGO) $ 0.149301
  • jasmycoinJasmyCoin (JASMY) $ 0.024733
  • based-brettBrett (BRETT) $ 0.120345
  • pyth-networkPyth Network (PYTH) $ 0.307159
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,211.77
  • jupiter-exchange-solanaJupiter (JUP) $ 0.806434
  • quant-networkQuant (QNT) $ 73.06
  • sei-networkSei (SEI) $ 0.332087
  • coredaoorgCore (CORE) $ 1.11
  • elrond-erd-2MultiversX (EGLD) $ 35.52
  • gatechain-tokenGate (GT) $ 7.29
  • flare-networksFlare (FLR) $ 0.020068
  • kucoin-sharesKuCoin (KCS) $ 9.28
  • flowFlow (FLOW) $ 0.573743
  • mantra-daoMANTRA (OM) $ 1.05
  • akash-networkAkash Network (AKT) $ 3.43
  • ethereum-name-serviceEthereum Name Service (ENS) $ 25.91
  • eosEOS (EOS) $ 0.548472
  • axie-infinityAxie Infinity (AXS) $ 5.55
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,267.45
  • dydx-chaindYdX (DYDX) $ 1.35
  • bitcoin-svBitcoin SV (BSV) $ 40.84
  • galaGALA (GALA) $ 0.021858
  • tokenize-xchangeTokenize Xchange (TKX) $ 10.06
  • bittorrentBitTorrent (BTT) $ 0.00000082
  • beam-2Beam (BEAM) $ 0.015633
  • msolMarinade Staked SOL (MSOL) $ 174.57
  • tezosTezos (XTZ) $ 0.785852
  • fasttokenFasttoken (FTN) $ 2.35
  • neoNEO (NEO) $ 10.66
  • starknetStarknet (STRK) $ 0.570731
  • usddUSDD (USDD) $ 0.999037
  • the-sandboxThe Sandbox (SAND) $ 0.316633
  • roninRonin (RON) $ 2.14
  • zebec-protocolZebec Protocol (ZBC) $ 0.014087
  • ordinalsORDI (ORDI) $ 33.26
  • gnosisGnosis (GNO) $ 265.82
  • ethenaEthena (ENA) $ 0.395526
  • mog-coinMog Coin (MOG) $ 0.000002
  • lido-staked-solLido Staked SOL (STSOL) $ 171.00
  • nexoNEXO (NEXO) $ 1.16
  • fraxFrax (FRAX) $ 0.996675
  • frax-etherFrax Ether (FRXETH) $ 3,199.18
  • conflux-tokenConflux (CFX) $ 0.148495
  • ecasheCash (XEC) $ 0.000031
  • decentralandDecentraland (MANA) $ 0.331616
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,456.79
  • chilizChiliz (CHZ) $ 0.068161
  • pendlePendle (PENDLE) $ 3.87
  • tether-goldTether Gold (XAUT) $ 2,410.66
  • safeSafe (SAFE) $ 1.38
  • zksyncZKsync (ZK) $ 0.158232
  • mina-protocolMina Protocol (MINA) $ 0.510448
  • dexeDeXe (DEXE) $ 10.12
  • popcatPopcat (POPCAT) $ 0.578348
  • havvenSynthetix Network (SNX) $ 1.71
  • oasis-networkOasis Network (ROSE) $ 0.082411
  • klay-tokenKlaytn (KLAY) $ 0.149719
  • book-of-memeBOOK OF MEME (BOME) $ 0.007861
  • iotaIOTA (IOTA) $ 0.161477
  • heliumHelium (HNT) $ 3.22
  • swethSwell Ethereum (SWETH) $ 3,410.03
  • nervos-networkNervos Network (CKB) $ 0.011717
  • astarAstar (ASTR) $ 0.074423
  • 1inch1inch (1INCH) $ 0.413643
  • wemix-tokenWEMIX (WEMIX) $ 1.27
  • axelarAxelar (AXL) $ 0.715223
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.91
  • worldcoin-wldWorldcoin (WLD) $ 1.85
  • wormholeWormhole (W) $ 0.280516
  • apecoinApeCoin (APE) $ 0.742429
  • raydiumRaydium (RAY) $ 1.89
  • true-usdTrueUSD (TUSD) $ 0.998886
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,505.12
  • aioz-networkAIOZ Network (AIOZ) $ 0.431807
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.004649
  • theta-fuelTheta Fuel (TFUEL) $ 0.069876
  • xdce-crowd-saleXDC Network (XDC) $ 0.030917
  • livepeerLivepeer (LPT) $ 13.75
  • pax-goldPAX Gold (PAXG) $ 2,396.13
  • apenftAPENFT (NFT) $ 0.00000045
  • magaMAGA (TRUMP) $ 9.30
  • bitcoin-goldBitcoin Gold (BTG) $ 25.09
  • kavaKava (KAVA) $ 0.402022
  • illuviumIlluvium (ILV) $ 65.32
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.02
  • zcashZcash (ZEC) $ 27.70
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000020
  • stader-ethxStader ETHx (ETHX) $ 3,321.30
  • layerzeroLayerZero (ZRO) $ 3.75
  • usdbUSDB (USDB) $ 0.996549
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000074
  • singularitynetSingularityNET (AGIX) $ 0.522624
  • aevo-exchangeAevo (AEVO) $ 0.473851
  • aerodrome-financeAerodrome Finance (AERO) $ 0.745925
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • mx-tokenMX (MX) $ 3.81
  • echelon-primeEchelon Prime (PRIME) $ 8.71
  • woo-networkWOO (WOO) $ 0.193558
  • iotexIoTeX (IOTX) $ 0.039083
  • safepalSafePal (SFP) $ 0.772075
  • corgiaiCorgiAI (CORGIAI) $ 0.001033
  • h2o-daoH2O Dao (H2O) $ 0.427229
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.068269
  • compound-ethercETH (CETH) $ 64.64
  • curve-dao-tokenCurve DAO (CRV) $ 0.285575
  • stepnGMT (GMT) $ 0.148108
  • kusamaKusama (KSM) $ 22.09
  • rocket-poolRocket Pool (RPL) $ 16.37
  • compound-governance-tokenCompound (COMP) $ 48.07
  • arkhamArkham (ARKM) $ 1.41
  • osmosisOsmosis (OSMO) $ 0.488061
  • memecoin-2Memecoin (MEME) $ 0.014785
  • aragonAragon (ANT) $ 8.12
  • golemGolem (GLM) $ 0.316360
  • beldexBeldex (BDX) $ 0.047057
  • holotokenHolo (HOT) $ 0.001751
  • dydxdYdX (ETHDYDX) $ 1.35
  • dashDash (DASH) $ 25.80
  • zilliqaZilliqa (ZIL) $ 0.016303
  • compound-wrapped-btccWBTC (CWBTC) $ 1,209.35
  • blurBlur (BLUR) $ 0.172105
  • radixRadix (XRD) $ 0.028329
  • blastBlast (BLAST) $ 0.016585
  • justJUST (JST) $ 0.029762
  • celoCelo (CELO) $ 0.537191
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.003271
  • manta-networkManta Network (MANTA) $ 0.857987
  • project-galaxyGalxe (GAL) $ 2.43
  • ankrAnkr Network (ANKR) $ 0.028538
  • enjincoinEnjin Coin (ENJ) $ 0.172174

Analyst Believes Shiba Inu Accumulation Phase is Ending, Predicts Spike to $0.000045

0 20

Crypto Sheriff suggests Shiba Inu accumulation phase is close to an end, pointing to a potential bull run to $0.000045 as RSI indicates an oversold condition.

Shiba Inu (SHIB) has recently experienced notable market activity despite a 7.50% decline in the past 24 hours. The token currently trades for $0.00001568. The meme coin’s accumulation phase continues, hinting at a potential end to this consolidation period.

In #SHIB, the accumulation continues after the 5X rally, but RSI values ​​​​seem to be at the bottom now!

We may have reached the end of the accumulation. We may see a new bull run in $SHIB soon!🚀 pic.twitter.com/AOFxx1A97M

— CRYPTO SHERIFF (@Gem_Sheriff) July 3, 2024

Market analyst Crypto Sheriff highlights that SHIB remains in an accumulation phase after a significant 5X rally. This period involves reduced volatility, where traders consolidate positions.

Further, supporting the sentiment, the Relative Strength Index (RSI) for SHIB is currently at 25.04, per Sheriff’s post, which is below the standard oversold threshold of 30. An RSI this low suggests that SHIB might be oversold, indicating potential exhaustion of selling pressure and a possible price reversal.

Crypto Sheriff believes that SHIB may be nearing the end of its accumulation phase, potentially leading to increased price action. Historically, such phases can precede bullish trends as buying momentum builds up. The analyst’s chart suggests a possible recovery toward the yearly high above $0.000045

Ownership Distribution and Accumulation

Notably, Shiba Inu’s ownership details reveal substantial inflows and outflows among large holders. Inflows peaked around 7.5 trillion SHIB. Similarly, outflows show significant variation, with a peak of around 7.5 trillion SHIB. This large holder activity indicates that prices tend to rise with higher inflows and drop with higher outflows.

Analyst Believes Shiba Inu Accumulation Phase is Ending, Predicts Spike to $0.000045

Shiba Inu Ownership Metric | IntoTheBlock

During this press, the Relative Strength Index had climbed to 42.54, placing it in the neutral zone but still trending towards the oversold region. Meanwhile, the Accumulation/Distribution value stands at -800.421T, still reflecting a declining trend.

The combination of these indicators further points to a market currently dominated by selling pressure. However, the imminent oversold RSI hints at the possibility of a reversal should investor sentiment shift towards buying.

Analyst Believes Shiba Inu Accumulation Phase is Ending, Predicts Spike to $0.000045

SHIB Weekly Chart

Recent Market Movements and Whale Activity

Amid SHIB’s recent market turbulence, a new whale wallet has accumulated over 583.7 billion SHIB tokens from Binance, according to The Crypto Basic. This accumulation comes as SHIB’s price plummeted 45.87% from its May 29 high of $0.00002945, now trading at a 19-week low.

Despite the decline, some market participants view this downturn as a buy-the-dip opportunity. The 583.7 billion SHIB procured from Binance costs $9.725 million. At the May 29 high, the same amount would have demanded $17.192 million, a difference of $7.4 million.

Source

Leave A Reply

Your email address will not be published.