BODEN memecoins briefly spike after Hunter Biden guilty verdit
- Biden-themed Memecoins Surge and Fall: Memecoins named after President Joe Biden and his family members surged briefly after Hunter Biden's conviction in a federal gun case, but then fell again.
- Market Movements of Memecoins: Tokens like BODEN, HUNTBODEN, and JILLBODEN experienced significant price fluctuations following the news, with some dropping by over 50% in the last 24 hours.
- Hunter Biden's Conviction: Hunter Biden, son of President Biden, was found guilty on three charges related to a federal gun case, potentially facing up to 25 years in prison.
- Other Memecoins and Market Trends: Memecoins like TREMP (for Donald Trump) also saw price drops, along with popular meme tokens like DOGE, SHIB, and WIF, while Pepe showed slight gains.
- Overall Cryptocurrency Market: Bitcoin and Ether experienced drops in value, with Bitcoin trading at $67,395 and ETH at $3,503, amidst a wider market downturn.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB) As of , Shiba Inu (SHIB) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SHIB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SHIB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Shiba Inu (SHIB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000033 | 0.00000419 | 0.00000526 | 0.00000615 | 0.00000722 | 0.00000811 | 0.00000918 |
| Fibonacci | 0.00000419 | 0.00000494 | 0.0000054 | 0.00000615 | 0.0000069 | 0.00000736 | 0.00000811 |
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