Shiba Inu's [SHIB] traders should be aware of these important breakout possibilities

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. After plunging below the $0.020mark, Shiba Inu SHIB expedited its bearish break into a high volatility phase.

Timeline of Shiba-inu

Shiba Inu (SHIB) along with another meme coin Dogecoin (DOGE) have had the worst crashes. However, SHIB is singing a different tune as it turns green after suffering a bearish downturn for a long time.

The market has likely eliminated almost all feeble investments by this point, leaving just those who are not very sensitive to price changes. While investors will remember 2022 as one of the bloodiest years in the history of the cryptocurrency market, it also offers a fantastic chance to make money.

Shiba Inu (CRYPTO: SHIB) saw one of its largest-ever liquidation days on record on Thursday. What Happened: According to data from CoinGlass, $16.84 million SHIB short positions were liquidated on July 28.

A popular cryptocurrency exchange in the Philippines,Coins.ph, has brought Shiba Inu back to life by adding it to its top 20 cryptocurrencies listing. The so-called Dogecoin killer was struggling to compete with its Meme-coin competitor lately and things are begining to look up as of now.

The proposed release of a crypto card by Shiba Inu [SHIB] has influenced the meme coin burn rate. In the early hours of 25 July, the burn website of SHIB announced that it was working towards a crypto card for payments.

Shiba Inu's price declined by 12.5% over the past week, confirming a downtrend in the meme coin. SHIB plummeted below the 50-day EMA at $0.00001138 and the 21-day EMA at $0.000011.

While Shiba Inu (SHIB) has been moving upwards since June 18, it is trading inside a short-term corrective pattern, indicating that a breakdown could transpire. The post Shiba Inu (SHIB) Nearing From Short-Term Pattern appeared first on BeInCrypto.

The team behind meme-based cryptocurrency Shiba Inu (CRYPTO: SHIB) issued an important update about its token burn portal. What Happened: In a July 24 blog, the SHIB developers said they had been monitoring the issues with the SHIB token burn portal in lieu of receiving a high yield of tickets from “increasingly frustrated users.

Even as the cryptocurrency market stares at instability amid adverse macroeconomic trends, certain meme coins continue to record regular growth. In the past one month, SHIB holders created new record in a key metric despite headwinds in the crypto space.

Shiba Inu's team announced the coming of the new SHIB Burn Visa card on July 25, which burns SHIB while making payments. The post Shiba Inu announces SHIB Burn Visa Card appeared first on CryptoSlate.