Shiba Inu Price Prediction: Will Meme Coin Rise Or Fall as Whales Transfer Millions of SHIB?

The price of Shiba Inu is consolidating between the 100-day EMA support level and the $0.000001 resistance level.

 

 

With Bitcoin’s price having recently reached a new yearly high of $36,000, the meme coin craze appears to be making a comeback. In anticipation of what is widely anticipated to be a tremendous bull run, investors have been rushing to book positions in tokens such as Pepe Coin, Floki Inu, Bonk, Shiba Inu, and Dogecoin during the entire month of October.

 

Investors are likely to keep an eye on both the Bitcoin price and the altcoin market. Rekt Capital, a prominent trading firm and market analyst, claims that “an entire BTC bull market is ahead of us” now that the bear market has ended.

 

In case you missed the boat on Bitcoin, he says, there’s still time to jump on the altcoin bandwagon.

 

“You can make up for it and then some by playing the altcoin breakouts,” the analyst said. Another chance will present itself eventually.

 

 

 

 

 

 

 

 

 

 

Shiba Inu Price Prediction: SHIB Undergoes Consolidation at $0.000008

 

 

After nearly beginning a fresh rebound phase above resistance at $0.000008, Shiba Inu has pulled back to $0.00000778 due to profit taking and possibly a lack of buyers.

 

The second-largest meme coin may be able to prevent losses if it is able to sustain gains above the 100-day Exponential Moving Average (blue). The token’s stability could be further threatened by trading below this level, although the 50-day EMA (red) is expected to provide some relief.

 

Continued movement below the second immediate support would signal that investors may start to make decisions to lock in the gains. This might lead to more selling pressure as the Shiba Inu price descends to find support and liquidity at lower levels, perhaps at the $0.0000065 level indicated by a double-bottom pattern.

 

 

 

 

The DMI (Direction Movement Index) supports the gloomy scenario for the near future. Traders should be on the lookout for a reversal off the 100-day EMA, though. Shiba Inu may soon close the deficit to $0.00001 if it is successful in its second effort at breaking above the selling congestion at $0.000008.

 

Meanwhile, high volume investors, or “whales,” have been trading a significant number of SHIB tokens this week. The cryptocurrency transaction monitoring service Whale Alert revealed on October 31 that almost $35 million worth of SHIB tokens had been transferred from one unknown wallet to another.

 

 

 

 

 

Another huge exchange of meme currency occurred on Wednesday. This time, around $33.9 in USD was transferred from the Bitvavo exchange to an unidentified wallet, or 4.46 trillion SHIB.

 

 

 

 

These two transactions are the largest in the recent few months, which has investors worried. Whether a token transfer is bullish or bearish can often be deduced from its source or recipient.

 

 

The initial transfer might be a holder relocating SHIB for safekeeping, therefore its significance is unclear. Even if sales are made over the counter, which we can’t completely rule out, it won’t have much of an effect on the market as a whole.

 

 

Because it comes from a centralised exchange to a personal crypto wallet, the second transaction may be bullish for Shiba Inu. Token withdrawals from exchanges indicate a reduction in selling pressure, which could lead to a price hike.

 

 

 

 

 

 

 

Download App for Android

Download App for iOS

Where to Trade SHIB Futures?

 

 

Now you can trade SHIB futures on BTCC. BTCC, a cryptocurrency exchange , was founded in June 2011 with the goal of making crypto trading reliable and accessible to everyone.  BTCC is a crypto exchange offering users liquid and low-fee futures trading of both cryptocurrencies and tokenized traditional financial instruments like stocks and commodities.

 

BTCC offers exclusive bonus for new users. Sign up and deposit on BTCC to get up to 10,055 USDT in bonuses. Meet the deposit targets within 30 days after successful registration at BTCC, and you can enjoy the bonus of the corresponding target levels.     Find out what campaigns are available now: https://www.btcc.com/en-US/promotions

 

 

 

    iOS QR Code               Android QR Code 

   

 

 

 

Why Trade SHIBUSDT Futures on BTCC

 

 

To trade Crypto futures, you can choose BTCC crypto exchange.BTCC, a cryptocurrency exchange , was founded in June 2011 with the goal of making crypto trading reliable and accessible to everyone. Over 11 years of providing crypto futures trading services. 0 security incidents. Market-leading liquidity.

 

 

Traders may opt to trade on BTCC for a variety of reasons

 

• Secure：safe and secure operating history of 11 years. Safeguarding users’ assets with multi-risk management through the ups and downs of many market cycles
• Top Liquidity：With BTCC’s market-leading liquidity, users can place orders of any amount—whSHIBer it’s as small as 0.01 BTC or as large as 50 BTC—instantly on our platform.
• Innovative：Trade a wide variety of derivative products including perpetual futures and tokenized USDT-margined stocks and commodities futures, which are innovative products invented by BTCC.
• Flexible：Select your desired leverage from 1x to 150x. Go long or short on your favourite products with the leverage you want.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Download App for Android

Download App for iOS

BTCC FAQs

 

1.Is BTCC safe?

Since its inception in 2011, BTCC has made it a priority to create a secure space for all of its visitors. Measures consist of things like a robust verification process, two-factor authentication, etc. It is considered one of the most secure markets to buy and sell cryptocurrencies and other digital assets.

 

2.Is it possible for me to invest in BTCC?

Users are encouraged to check if the exchange delivers to their area. Investors in BTCC must be able to deal in US dollars.

 

3.Can I Trade BTCC in the U.S?

Yes, US-based investors can begin trading on BTCC and access the thriving crypto asset secondary market to buy, sell, and trade cryptocurrencies.

 

 

 

Waves Price Prediction 2023, 2025, 2030: Is Waves a Good Investment?

Filecoin Price Prediction 2023, 2025, 2030: Is Filecoin a Good Investment?

Optimism(OP) Price Prediction 2023,2025,2030 — Is OP a Good Investment?

EOS (EOS) Price Prediction 2023, 2025, 2030 – Is EOS a Good Investment?

Enjin (ENJ) Price Prediction 2023, 2025, 2030 – Is ENJ a Good Investment?

Sandbox Price Prediction 2023, 2025, 2030: Can Sandbox Reach $100?

Immutable X (IMX) Price Prediction 2023, 2024, 2025— Is IMX a Good Investment?

Axie Infinity (AXS) Price Prediction 2023, 2025, 2030 — Is AXS a Good Investment?

Mask Network (MASK) Price Prediction 2023, 2025, 2030 – Is MASK a Good Investment?

Ethereum Name Service (ENS) Price Prediction 2023,2025, 2030 —Is ENS a Good Buy ?

1inch Price Prediction 2023, 2025, 2030

Curve Dao (CRV) Price Prediction 2023, 2025, 2030 —Is CRV a Good Buy?

dYdX (DYDX) Price Prediction 2023, 2025, 2030

PancakeSwap Price Prediction 2023, 2025, 2030: Is CAKE Coin a Good Investment?

Uniswap (UNI) Price Prediction 2023, 2025, 2030 — Is UNI A Good Investment?

Celo (CELO) Price Prediction 2023,2025,2030 — Is CELO a Good Investment?

Near Protocol (NEAR) Price Prediction 2023, 2024, 2025 — Will NEAR Hit $100?

Qtum (QTUM) Price Prediction 2023,2025,2030 — Is QTUM a Good Investment?

Polkadot (DOT) Price Prediction 2025 – 2030: Is Polkadot a Good Investment?

Cosmos (ATOM) Price Prediction 2023, 2025, 2030 — Is ATOM a Good Investment?

Binance Coin (BNB) Price Prediction 2023, 2025, 2030 – Is BNB a Good Investment?

VeChain (VET) Price Prediction 2023, 2025, 2030

Bitcoin SV Price Prediction 2023, 2025, 2030: Is Bitcoin SV a Good Investment?

Dock Price Prediction 2023, 2025, 2030

Axie Infinity (AXS) Price Prediction 2023, 2025, 2030 — Is AXS a Good Investment?

Tezos Price Prediction 2023, 2025, 2030: Is XTZ a Good Investment?

Livepeer (LPT) Price Prediction 2023, 2025, 2030 — Is LPT a Good Investment?

XEN Crypto (XEN) Price Prediction 2023, 2025, 2030 —Is XEN a Good Investment?

Spell Token (SPELL) Price Prediction 2023, 2025, 2030: Is Spell Token a Good Investment?

Ankr (ANKR) Price Prediction 2023, 2025, 2030 — Is ANKR a Good Investment?

XDC Network (XDC) Price Prediction 2023, 2025, 2030 — Is XDC a Good Investment?

EverGrow Coin (EGC) Price Prediction 2023, 2025, 2030 — Is EGC a Good Investment?

XYO Price Prediction 2023,2025,2030 — Is XYO a Good Investment?

Saitama Inu Price Prediction: Will Saitama Inu Reach 1 Cent?

The Graph (GRT) Price Prediction 2023, 2025, 2030

Big Eyes (BIG) Coin Price Prediction 2023, 2025, 2030

Harmony (ONE) Price Prediction 2023,2025,2030 – Is ONE a Good Investment?

IoTeX (IOTX) Price Prediction 2023, 2025, 2030

The Graph (GRT) Crypto Price Prediction 2023, 2025, 2030 – Is GRT a Good Investment?

IOTA (MIOTA) Price Prediction 2023, 2025, 2030 — Is MIOTA a Good Investment?

Compound (COMP) Price Prediction 2023, 2025, 2030

Zcash (ZEC) Price Prediction 2023, 2025, 2030 — Will ZEC Reach $1,000?

Dogelon Mars (ELON) Price Prediction 2023, 2025, 2030

Chiliz (CHZ) Price Prediction 2023,2025,2030 — Is CHZ a Good Investment?

Zilliqa (ZIL) Price Prediction 2023,2025,2030 — Is ZIL a Good Investment?

Smooth Love Potion(SLP) Price Prediction 2023, 2025, 2030

Monero (XMR) Price Prediction 2023,2025,2030 — Is XMR a Good Investment?

Voyager Token (VGX) Price Prediction 2023, 2025, 2030 — Is VGX a Good Investment?