Emerging Crypto Asset Rises as SHIB Faces Challenges
- SHIB Market Status: Despite Shiba Inu (SHIB) being popular in the crypto space with a current price of around $0.0000073 and a market cap of $4.3 billion, it faces significant resistance at the $0.00001 mark, leading analysts to caution about potential declines to $0.0000027 if the project fails to evolve into a DeFi hub.
- Mutuum Finance Emergence: Mutuum Finance (MUTM) is gaining traction as a new crypto protocol currently in its Phase 7 presale at $0.04, having raised over $20.1 million and onboarded more than 18,900 investors, indicating a shift of smart money towards utility-driven assets.
- Investor Shift Trend: Due to SHIB's constrained growth, many large investors are dumping sentiment-driven assets and moving towards MUTM, which requires significantly less capital to double in value compared to a multi-billion dollar cryptocurrency like SHIB.
- Technical Readiness and Security: Mutuum Finance has successfully deployed its V1 protocol on the Sepolia testnet, offering real-time liquidity pools and automatic debt tracking, and has been fully audited by Halborn Security with a high trust rating from CertiK, making it an attractive option for investors seeking reliable projects.
Get Real-Time Alerts for Any Crypto Movement
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 | 0.00000297 | 0.00000402 | 0.00000528 | 0.00000633 | 0.00000759 | 0.00000864 | 0.0000099 |
| Fibonacci | 0.00000402 | 0.0000049 | 0.00000545 | 0.00000633 | 0.00000721 | 0.00000776 | 0.00000864 |
About SHIB
About the author
