Breaking
February 19, 2025

Shiba Inu (SHIB) Tops the Crypto Market with 20% Gain, What’s Next? | usagoldmines.com

The post Shiba Inu (SHIB) Tops the Crypto Market with 20% Gain, What’s Next? appeared first on Coinpedia Fintech News

On September 27, 2024, the overall cryptocurrency market experienced a price reversal amid this Shiba Inu (SHIB) outperformed major cryptocurrencies with its impressive performance. According to the coinmarketcap data, SHIB has experienced a significant price surge of over 20% in the last 24 hours and is currently trading near the $0.0000187 level.

SHIB Current Performance

During the same period, its trading volume has skyrocketed by 220%, which indicates significant participation from traders and investors amid the recent breakout. With this significant price, you might be wondering whether the SHIB price rally will continue or if we may see a price correction in the coming days.

Shiba Inu Technical Analysis and Key Levels

According to CoinPedia’s technical analysis, with its impressive price jump, SHIB recently gave a breakout of a long descending trendline and reached a strong resistance level of $0.000020. If it breaks through this hurdle and closes a daily candle above the $0.0000213 level, SHIB could soar by 35% to reach the $0.0000285 level and even higher if the sentiment remains unchanged.

Source: Trading View

Additionally, SHIB is currently trading above the 200 Exponential Moving Average (EMA) on a daily timeframe, indicating an uptrend. This breakout and the price above the 200 EMA have shifted the overall market sentiment.

This breakout appears to be a strong bullish breakout for SHIB and has created bullish hope among investors and traders, as it has been in a downtrend since March 2024.

Bullish On-Chain Metrics 

As of now, Coinglass’s SHIB Long/Short ratio currently stands at 1.015, indicating bullish market sentiment among traders. Additionally, its future open interest has skyrocketed by 39%, potentially indicating that bulls are betting more on long positions than short ones. 

Source: Coinglass

Traders often consider the combination of rising open interest and a long/short ratio above 1, when building long positions. Currently, 50.53% of top traders hold long positions, while 49.47% hold short positions. 

 The post Shiba Inu (SHIB) Tops the Crypto Market with 20% Gain, What’s Next? appeared first on Coinpedia Fintech News
On September 27, 2024, the overall cryptocurrency market experienced a price reversal amid this Shiba Inu (SHIB) outperformed major cryptocurrencies with its impressive performance. According to the coinmarketcap data, SHIB has experienced a significant price surge of over 20% in the last 24 hours and is currently trading near the $0.0000187 level. SHIB Current Performance … 

Recent:

CZ says crypto wallets should be the main interface for blockchain, not exchanges Nellius Irene | us...

Sol Strategies adds 12,456 SOL, expanding its SOL holdings value to CAD $64.2M Collins J. Okoth | us...

Dogecoin, XRP, or Remittix: Which Top Altcoin Has Been Tipped For 5,800% Gains In 2025? Cryptopolita...

US Treasury Secretary Scott Bessent tells taxpayers their data is safe with Elon Musk’s D.O.G.E Jai ...

Ethereum To Move Sideways For 2-3 Months? Analyst Says Longer ETH Consolidation Is Needed Rubmar Gar...

Binance Delisting 5 Crypto Trading Pairs on Feb 21 2025 Zameer Attar | usagoldmines.com

Karina Milei Faces Scrutiny Amid Leaked Messages in the Explosive LIBRA Token Scandal Qadir AK | usa...

Elon Musk Proposes $5,000 Tax Refund, But Is He Really in Charge? Mustafa Mulla | usagoldmines.com

XRP Price Prediction For February 19 Anjali Belgaumkar | usagoldmines.com

Tether and Circle mint 1B USDT on Tron and 250M USDC on Solana, respectively Collins J. Okoth | usag...

Arbitrum DAO approves second RWA investment program worth $15m to increase stability Derek H Anderse...

Black Pass Empowers Gamers with Exclusive Access to Astra Nova’s AI-Powered Ecosystem Cryptopolitan ...

Crypto News | Cardano Transaction Fees Jump 254% QoQ as ADA Price and Activity Soar Chayanika Deka ...

FTX Repayment News: Who’s Getting Paid First and When? Mustafa Mulla | usagoldmines.com

XRP, ADA, SOL and DOGE ETF Approvals: Bloomberg Analyst Weighs In, LTC ETF Approval by October? Anj...

Solana (SOL) Drops This Week While Mutuum Finance (MUTM) Surges Past $680K in Presale Cryptopolitan ...

Astra Nova Unveils Black Pass: A SocialFi Platform for AI Gaming Communities Cryptopolitan Media | u...

Polygon Q4 Digest: Agglayer Testnet Launch Drives 30% Spike In POL Market Cap Ronaldo Marquez | usag...

Dogecoin (DOGE) Stuck In Limbo—What’s Holding Back The Recovery? Aayush Jindal | usagoldmines.com

Did President Donald Trump Post About Ripple On His Truth Social? Anjali Belgaumkar | usagoldmines....

Ethereum Price Eyes Key Breakout—Will Momentum Lead to a Surge? Aayush Jindal | usagoldmines.com

Is Ethereum Quietly Building Momentum for a Rally? Analysts Weigh In Samuel Edyme | usagoldmines.com

XRP Price Loses Steam—Can It Overcome These Challenges? Aayush Jindal | usagoldmines.com

Crypto News: Strategy Announces Proposed Private Offering of $2.0B of Convertible Senior Notes Anja...

Justin Bons blames Solana’s dominance for the mushrooming of meme coin fraud on the blockchain Nelli...

Sony offers 9 new games in February for PS Plus Extra and Premium subscribers Collins J. Okoth | usa...

Is the US Congress powerless against Elon Musk’s D.O.G.E? Jai Hamid | usagoldmines.com

Coinbase exchange launches CFTC-regulated futures for Solana and Hedera Collins J. Okoth | usagoldmi...

Which Coin Is Poised for a Breakout? Analysts Highlight the Next Big Crypto Explosion Cryptopolitan ...

Ethereum Exchange Balances Drop To 9-Year Low – Time For A Major Price Move? Ash Tiwari | usagoldmin...

Bitcoin Price Remains Under Pressure—Can It Break Free? Aayush Jindal | usagoldmines.com

Three Reasons to Add Mutuum Finance (MUTM) to Your Portfolio with a Potential 4000% Surge Cryptopoli...

XRP Price Consolidation Completed: Will Wave 3 Propel Prices Beyond The $5 Barrier? Ronaldo Marquez ...

Crypto News | Concerned Shareholders Nominate Two Highly-Qualified Candidates for Election to Ionic...

Crypto News | OpenSea Halts Airdrop Reward System Following Community Backlash Chayanika Deka | usa...

Crypto News | Could Meme Index Be the Next Crypto Sensation? Felix Mollen | usagoldmines.com

Crypto News | JPMorgan Thinks Solana Could Hit $500, CouSolaxy to Pump Higher? Felix Mollen | usago...

Crypto News | Another Shiba Inu (SHIB) Price Crash Ahead? 3 Factors Driving Bearish Sentiment Dimit...

Crypto News | These Crypto Assets Are Seeing the Biggest Surge in Social Media Buzz Mandy Williams ...

Crypto News | XRP, ADA, and SOL Tumble, Driving Liquidations Above $300M Jordan Lyanchev | usagoldm...

Crypto News | Ripple (XRP) ETF Edges Closer to Reality with New Milestone Jordan Lyanchev | usagold...

Crypto News | CZ Refutes Binance Sale Rumors After Recent Asset Transfers Wayne Jones | usagoldmine...

Crypto News | Meteora Exec Resigns Amid Financial Misconduct Claims Wayne Jones | usagoldmines.com

MARA Holdings announces Texas wind farm acquisition in renewable energy initiative Hannah Collymore ...

The S&P 500 officially hits a new all time high, now up +4.5% year-to-date Jai Hamid | usagoldmi...

Fed’s Michael Barr weighs in on crypto and debanking—Do it right or not at all Nellius Irene | usago...

Mutuum Finance (MUTM) Presale Surpasses $730K with 1,200 Holders and Growing Demand Cryptopolitan Me...

Bitcoin To $500,000: Standard Chartered Doubles Down On 2028 Target Jake Simmons | usagoldmines.com

Crypto News | BNY Mellon discloses $13 million Bitcoin ETF exposure amid to Wallstreet’s cautious cr...

Michael Saylor’s Strategy to raise $2B in convertible debt to expand Bitcoin holdings Jai Hamid | us...

Nigerian Lawmaker Sues Binance Exec Tigran Gambaryan for ₦1 Billion Over Bribery Allegation Hassan S...

Tether Co-Founder Supports New Stablecoin Project on Ethereum and Solana Hassan Shittu | usagoldmine...

World of Women and Artist Sara Baumann Launch Free NFT Portrait Series Tanzeel Akhtar | usagoldmines...

Ethereum, Shiba Inu, and MAGACOIN OFFICIAL: Top Cryptos Expected to Surge in the 2025 Bull Run Crypt...

World Liberty Financial WLFI Token Sales Surge: Less Than 1 Billion Tokens Remain Ronaldo Marquez | ...

Crypto News | Rising ‘share-seed-phrase’ scam targets crypto holders, Binance CEO warns Oluwapelumi ...

Crypto News | TRON Builders League Launches with $10M in Funding to Accelerate Ecosystem Growth News...

Crypto News | Russian energy giant Rosseti faces $14.2 million loss from illegal crypto mining Oluwa...

Crypto News | Bitcoin and gold draw closer as correlation with dollar and equities weakens Andjela R...

Crypto News | FTX creditors begin receiving $1.2 billion in payouts with interest on Kraken Assad Ja...

Crypto News | Tether co-founder backs new yield-bearing decentralized stablecoin Gino Matos | usagol...

Crypto News | Bitwise pledges 10% of BITB ETF gross profits to Bitcoin developers Gino Matos | usago...

Crypto News | Nigeria reportedly advances crypto tax plan while grappling with Binance dispute Oluwa...

Crypto News | On-chain weekly trading volumes drop since mid-January as Solana falters Gino Matos | ...

Crypto News | Fold set to debut on Nasdaq, reinforcing Bitcoin presence in TradFi Gino Matos | usago...

XRP Price Today: Can It Drop to $2.10?  Chandan Gupta | usagoldmines.com

Tether Teams Up with Guinea To Drive Digital Transformation Through Blockchain Mustafa Mulla | usago...

Nigeria Set to Tax Crypto Transactions, Unlocking Major Revenue Potential Nidhi Kolhapur | usagoldmi...

Bitcoin’s Bearish Pressure Rises as FTX Begins Repayments for Claims Below $50K Shayan Chowdhury | u...

LINK Price at Risk of Dropping to $14.75, Despite Whale Buying Chandan Gupta | usagoldmines.com

BitGo Launches Global OTC Trading Desk for Digital Assets Amid IPO Plans Nidhi Kolhapur | usagoldmin...

Tether Eyes Major Stake in South African Energy Firm Nidhi Kolhapur | usagoldmines.com

Ethereum (ETH) Price Prediction for February 19, 2025 Chandan Gupta | usagoldmines.com

Just In: SEC Acknowledges Bitwise’s XRP ETF Filing Nidhi Kolhapur | usagoldmines.com

Litecoin (LTC) Defies Crypto Downtrend, Price Poised for 30% Rally Chandan Gupta | usagoldmines.com

Epic games legal victory against pro player proves cheaters never win in Fortnite Noor Bazmi | usago...

Bitcoin market experiencing ‘lethargic conditions’ unseen since pre-US election-K33 Nellius Irene | ...

Is Your Portfolio Stuck? Here’s the Best Altcoin to Buy and Hold in 2025 Cryptopolitan Media | usago...

LTP secures key regulatory licenses in Hong Kong for Virtual Asset Prime Brokerage offering Cryptopo...

Bitcoin, Ethereum, And Solana: Real Vision’s Raoul Pal Calls The Greatest Macro Trade Of All Time Sc...

Next date for FTX distributions set to April 11 for claims above $50,000 Hristina Vasileva | usagold...

Kaiko Research: Bitfinex’s LEO, WBTC, and HYPE lead overvalued asset category, draw FTX/FTT comparis...

Hayden Davis says he was able to control Javier Milei via payments to sister Karina Milei Jai Hamid ...

Bitcoin mining has added over $4 billion to the US economy Ol | usagoldmines.com

AbstractChain Reports Security Breach: Team Confirms Isolated Cardex App Issue Hassan Shittu | usago...

Dogecoin (DOGE) Price Approaches Key Technical Level – Here’s Where Its Headed Next Joel Frank | usa...

Analyst Reveals Bitcoin’s Halving Cycle Signals Untapped Potential—What’s Next? Samuel Edyme | usago...

Tether Eyes Major Stake in South African Energy Firm Nidhi Kolhapur | usagoldmines.com

CalSTRS Sees Major Gains with $83M in MSTR Shares Victor | usagoldmines.com

Polkadot Launches Blockchain Course for UK Policymakers Tari | usagoldmines.com

Clearpool & Its Newest Partners Stu L | usagoldmines.com

Argentina’s President Defends Sharing $LIBRA Token Victor | usagoldmines.com

Binance Denies Sale Rumors, Open to Acquiring Rivals Lawrence Mike Woriji | usagoldmines.com

OpenSea ends XP rewards for listing & bidding due to community backlash Shummas Humayun | usagol...

Mastercard shifts focus from crypto experimentation to “real solutions” Noor Bazmi | usagoldmines.co...

Bethesda Game Studios offers Elder Scroll 6 fans a chance to create their own NPC in the game Collin...

US to lift sanctions on Russia if the war in Ukraine is resolved Jai Hamid | usagoldmines.com

Mutuum Finance Price Prediction: How Fast Can MUTM Reach $1 from $0.01? Cryptopolitan Media | usagol...

Nigeria is amending regulations to allow crypto trading Jai Hamid | usagoldmines.com

SEC acknowledges Cboe’s request to list 21Shares XRP ETF Florence Muchai | usagoldmines.com

Leave a Reply