Shiba Inu Faces Pressure as 52B SHIB Hits Exchanges, Litecoin Drops Below $75
- Shiba Inu Under Pressure: Approximately 52 billion SHIB tokens have moved onto major exchanges, indicating profit-taking by large holders, which increases selling pressure despite its market cap nearing $5.13 billion, leaving short-term price volatility risks high.
- Litecoin Price Decline: Litecoin has dropped to $72.14, reflecting an 11% weekly decline, with whale transactions surging to 503, indicating intensified profit-taking, while increasing exchange inflows suggest uncertain near-term recovery prospects.
- ZKP Privacy Build: The ZKP project is advancing a privacy-first computational solution backed by a $100 million self-funded initiative, utilizing zk-SNARKs and zk-STARKs to address the growing need for data protection in AI, showcasing significant market potential.
- Presale Auction Structure: ZKP's presale auction features a fair structure with 200 million tokens released daily and a participation cap of $50,000, ensuring early participants gain advantageous positions, while tightening supply will raise prices in later phases, emphasizing the importance of timing.
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Technical Analysis for ZKP
Technical Sentiment Analysis for (ZKP) As of , (ZKP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ZKP 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, ZKP 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 $-.
(ZKP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0529 | 0.00928 | 0.0472 | 0.109 | 0.147 | 0.209 | 0.247 |
| Fibonacci | 0.00928 | 0.0475 | 0.0711 | 0.109 | 0.148 | 0.171 | 0.209 |
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