Why Is Shiba Inu (SHIB) Buying Pressure Surging On Coinbase?

Meme-based cryptocurrency Shiba Inu (CRYPTO: SHIB) saw an uptick in buy orders on Coinbase Global Inc (NASDAQ: COIN) on Thursday. What Happened: According to trading data from the cryptocurrency exchange, 63% of Coinbase traders increased their SHIB position over the last 24 hours.

Timeline of Shiba-inu

Shiba Inu price analysis suggests a downwards movement to $0.00001000 The closest support level lies at $0.00001044 SHIB faces resistance at the $0.00001083 mark The Shiba Inu price analysis shows that SHIB has been unable to climb past the $0.000010800 mark as the bearish pressure increased in recent hours. However, volatility remains low.

The world's “longest running crypto exchange” has listed the meme-inspired cryptocurrency Shiba Inu ($SHIB) after initially planning on doing so back in December of last year. The exchange's announcement saying it would support SHIB included other assets that are already listed, including dYdX ($DYDX), Gala ($GALA), and Perpetual Protocol ($PERP). That exchange is Bitstamp, which

Today's Shiba Inu price analysis displays a bearish movement in the market, and the market moves towards a negative direction, declining the price of SHIB significantly. After that, however, the cost of SHIB experienced a crash and decreased to $0.00001032, from $0.00001105; on June 6, 2022, SHIB/USD lost further momentum and obtained a massive decreasing.

After a long time lobbing, the Shiba Inu token has now been listed on Bitstamp, which is the largest cryptocurrency exchange in Europe. The listing comes after Bitstamp promised the SHIB community that it was going to list the dog-themed token in 2022. Although it has taken about six months, SHIB traders or Bitstamp users The post Europe's largest crypto exchange, Bitstamp, lists Shiba Inu (SHIB) appeared first on Invezz.

The Brazilian football club, Sao Paulo FC, has announced that it will be accepting payments in cryptocurrencies, which include Shiba Inu (SHIB), for its ticket sales.  Brazil's Largest Club Now Accepting Crypto Sao Paulo fans can now purchase tickets to all their club's games using the Shiba Inu cryptocurrency.

The first look of the SHIB x John Richmond clothing range has surfaced online. The tags, which still need approval, feature several variations of the Shiba Inu logo combined with the John Richmond logo.

Shibarium's release sparked a social-media frenzy, with many people speculating when it would be announced. As the Shiba Inu Community awaits some information about the planned Layer-2 launch from the upcoming XFUND Mainnet upgrade, rumors regarding its release have resurfaced all over social media platforms, especially on Twitter.

Today's Shiba Inu price analysis displays complete bullish movement in the market, and the market moves towards a massive upward direction, raising the price of SHIB. After that, however, the cost of SHIB experienced a spike and increased to $0.00001133, from $0.00001094; on June 5, 2022, SHIB/USD gained further momentum and obtained a further increasing.

Over the past bearish weeks, Shiba Inu has formed a large descending triangle, and the price is approaching its apex. The next direction for Shiba Inu's SHIB will be decided once a breakout occurs.

Shiba Inu is among the coins that motivated more people to venture into crypto investment. The unprecedented growth of the coin in 2021, which saw the price grow by 500,000%, made most people invest in it.