Shiba Inu Community Reacts Negatively to @ShibToken's Endorsement of Outside Tokens
Community Dispute: A dispute has arisen in the Shiba Inu community regarding the credibility of the @shibtoken account after it promoted a separate token, Hachiko (HACHI), leading to concerns about the account's alignment with Shiba Inu's original mission.
Promotion Controversy: The promotion of HACHI by the Shiba Inu account, which included visual comparisons between the two projects, sparked backlash from community members who felt it misrepresented the ecosystem and questioned the account's official status.
Past Promotions: The controversy has reignited discussions about the @shibtoken account's history of promoting non-affiliated projects, including Shiro Neko, which led to confusion about its legitimacy and relationship with the Shiba Inu ecosystem.
Influence and Authority: Despite warnings from the Shiba Inu fraud alert channel, the @shibtoken account continues to wield significant influence over market perceptions, with a large following that often interprets its posts as authoritative.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB) As of , Shiba Inu (SHIB) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 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 | 0.00000306 | 0.00000407 | 0.00000523 | 0.00000624 | 0.0000074 | 0.00000841 | 0.00000957 |
| Fibonacci | 0.00000407 | 0.0000049 | 0.00000541 | 0.00000624 | 0.00000707 | 0.00000758 | 0.00000841 |
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