Solana, Shiba Inu and Chainlink – European Wrap 30 June

These three cryptos could soon recover and reach new all-time highs
From a technical perspective, Solana price has set up four higher highs and four higher lows since May 18. Connecting trend lines from these swing points shows that SOL is consolidating in a symmetrical triangle pattern.

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SOL/USD 1-day chart

Shiba Inu price to retest crucial support before SHIB bulls set up next advanc
Shiba Inu price has recently broken out of a bearish formation, introducing the potential for a new rally. SHIB escaped above a critical resistance trend line that has acted as a possible turning point for the meme coin’s disappointing returns since the May crypto market crash.

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Chainlink adoption continues to scale as LINK price contemplates 51% upswing
Chainlink price is setting the stage for a massive bull rally that will shift the trend from bearish and choppy to bullish.

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SHIB Price Prediction: Shiba Inu ready to pop to $0.00001 by the end of this week

Shiba Inu is set to jump higher in a technical push towards $0.00001. Thanks to Bitcoin, SHIB is in the slipstream of the positive news in the major cryptocurrencies. Overall risk-on sentiment in the markets, with specifically Nasdaq higher, helps to lift SHIB.

Shiba Inu is set for a run higher towards $0.0000093 as the first point of resistance in the rally. After that, the $0.00001 level is in sight.

Why MATIC could enter a new bear market

MATIC price had been a relative strength leader in the cryptocurrency complex. Still, lately, the failure to hold key technical levels has raised the probability of a weaker price in the medium term. The overhang of key points of resistance coupled with a bearish pattern suggests that Polygon investors will not be rewarded with better profit outcomes

Uniswap Price Analysis: UNI strengthens, but still not time to fasten the seatbelts
Uniswap price has climbed almost 40% from the June 22 low and seized the opportunity of an oversold reading on the twelve-hour

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Relative Strength Index (RSI) to slingshot above a longstanding trend line beginning on May 14. If UNI can close above the trend line on a daily basis, there is a potential for the altcoin to charge higher, but there is still more to prove.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature.

Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

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If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Shiba Inu price to retest crucial support before SHIB bulls set up next advance

Shiba Inu price surged above the descending triangle pattern that has sealed the meme token for over a month.
The recent breakout above the strong resistance trend line paints a bullish picture for a SHIB price reversal.

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However, Shiba Inu has multiple obstacles ahead, which could hinder the asset’s rally.
Shiba Inu price has recently broken out of a bearish formation, introducing the potential for a new rally. SHIB escaped above a critical resistance trend line that has acted as a possible turning point for the meme coin’s disappointing returns since the May crypto market crash.

Shiba Inu price uptrend limited by obstacles
Shiba Inu price has surged over 60% since its local bottom recorded on June 22. SHIB has been locked in a descending triangle formation since May 19 on the 12-hour chart, as SHIB bulls were unable to lift prices higher against the overpowering distribution of the sellers.

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SHIB overcoming the descending trend line of the triangle pattern gives Shiba Inu price a measured target of 50% at $0.00001270, the highest point of the chart pattern.

The prevailing direction for Shiba Inu is bullish. However, the meme-based token could face several obstacles before continuing its rally. SHIB could see a retest of the descending trend line that acted as strong resistance for the coin prior to heading higher.

Shiba Inu price struggled to reach the 100 twelve-hour Simple Moving Average (SMA), which is acting as strong resistance for SHIB. The meme token further slumped below the 50% Fibonacci extension level at $0.00000906 as a result.

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SHIB/USDT 12-hour chart

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Only a candle close above $0.00000906 would open up the possibility of the canine-themed token to attempt reaching the 100 twelve-hour SMA at $0.00000970 before meeting the next resistance level at the 61.8% Fibonacci extension level at $0.00000991.

Should Shiba Inu price action work in favor of the bulls, SHIB would also need to overcome the 70.5% Fibonacci extension level at $0.00001053 before the bullish thesis of a 50% breakout can be expected.

An unanticipated increase in selling pressure could drive down Shiba Inu price. Still, SHIB would likely find support at the hypotenuse of the descending triangle at $0.00000838 and at the 38.2 Fibonacci retracement level at $0.00000822.

Failing to hold above the aforementioned critical lines of defense could spell further trouble for the bulls. However, outstanding support is found at the 50 twelve-hour SMA, coinciding with the 27.2% Fibonacci retracement level and the start of the demand zone at $0.00000744.

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Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

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If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

SHIB a Day After Musk Drives Rally

Shiba Inu (SHIB) extends its bullish moves into Wednesday, a day after it rallied by as much as 25% following Elon Musk announcing the name of his pet over social media. At the time of writing, SHIB/USDT is trading around $0.0000089.

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The previous session saw an increased interest among investors in trading the SHIB token after Musk announced the name of his new pet Shiba Inu, Floki. Not only drive the Shiba Inu cryptocurrency to the highest level seen in six weeks, but it also resulted in the creation of a brand new cryptocurrency called Floki.

Shiba Inu has been garnering considerable interest among the online community over reports that it may be turning into Musk’s favorite memecoin, leaving the original one – Dogecoin, it its wake. It is unsurprising, therefore, why it has earned the moniker ‘DOGE killer’ within the crypto community.

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However, Musk is not the only notable billionaire who has expressed interest in the Shiba Inu coin lately. SHIB also enjoys attention from a Chinese venture capitalist, Charles Xue Biqun, who regularly posts about the coin on social media, driving an uptick in its price and helping it break into the top 30 cryptocurrencies by market cap. SHIB currently ranks 28 based on its market capitalization on Coinmarketcap.

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Key Levels to Watch
Most of the moving averages as well as the MACD indicator are signaling a bullish bias in the H4 price chart of SHIB/USDT, which means there could be a continuation of the current uptrend. The price sits comfortably above the pivot point at $0.0000073 and appears to be getting ready to test resistance at $0.0000090.

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If buyers manage to break past this level, we can see Shiba Inu’s price break past the key $0.000010 level and surge all the way up to $0.000013. However, for the uptrend to sustain, the market sentiment in the wider crypto sector should also lend support to SHIB buyers.

Shiba Inu (SHIB) is exhibiting signs of choppy trading early on Monday, but encouraging fundamental developments could lend it some support into this week. At the time of writing, SHIB/USDT is trading at around $0.00000675.

The memecoin based on Dogecoin experienced a sharp surge, with its price strengthening by almost 9% in the past 24 hours, helped by the recent uptick in Bitcoin. The leading cryptocurrency spiked by almost 10% to cross $39,000 but has since edged slightly lower. However, the bullish moves in the market leader helped improve the sentiment in the overall crypto market and supported the rise in Shiba Inu as well.

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SHIB is also likely to enjoy some support from a recent post from crypto analytics firm Santiment about its outlook for the cryptocurrency. In the post, the firm notes that Shiba Inu was among the top three trending digital assets about a month ago but since then, helping its value surge to a high but since then, markets seem to have turned bearish about its prospects.

While this analysis seems somewhat downbeat, Santiment offers hope by adding that the number of active addresses holding SHIB still remain high. In addition, the digital asset remains among the top ten most active coins on the Ethereum network.

Shiba Inu Breaks 5 Week Trend As Bulls Begin To Gain Strength

The last month throughout the crypto space has been a rough one for many. On average, the crypto market fell nearly -35% since the beginning of June. Meme coins such as Shiba Inu were surely not immune to this drop. SHIB price fell nearly -50% but has bounced tremendously since. Many signs show SHIB may continue a larger revival back to May levels.

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After the second drop to $0.00000580 on June 22nd, Shiba Inu quickly revived 20% in the following days. This sudden bounce had formed a bullish double bottom. Since the low, SHIB has revived nearly 70% to $0.00000959. The revival seen the last few days has allowed SHIB to break a 5-week downtrend line. This Is a huge indication the trend may have changed to short term bullish for Shiba Inu.

SHIB Price Analysis: 4 Hour Chart

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Major resistance for SHIB lands at $0.00000959- $0.00000987. Once this area can break and hold, SHIB will see a large revival above $0.00001. Until then, SHIB price will find support at $0.00000871 and $0.00000819. Anything below these marks will turn the SHIB price short term bearish again. The 15MA has held the price for nearly a week and a half, so a break below this may trigger another sell off below the 5 week trend line.

While looking at the Stochastic RSI, we can see that it has refused to stay in the overbought territory which shows a slight bearish bias. A break below the 50 value may signal a short term sell off. The regular RSI has held an uptrend for nearly 10 days, if this trend breaks SHIB will see a price drop to its next support.

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SHIB Intraday Levels
Spot rate: $0.00000900
Trend: Bullish
Volatility: High
Support: $0.00000871
Resistance: $0.00000959

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Domenic Fiore has a love for the financial markets. He decided to skip the college route to pursue entrepreneurship. He saw the vision to become an entrepreneur and wanted to achieve success from a young age.

Domenic owned & operated a car detailing business since the age of 16, along with being a part of two CBD businesses through 2018 & 2019. He started his investment and trading career early trading in 2017 when he bought a newly released cryptocurrency alt-coin and saw 10x return in a few months.

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He then realized there was much potential and dove head first into learning everything he could. He became very passionate about technical analysis and knew it was his route to financial freedom. Over the last 4 years, Domenic has shared his analysis with many groups and received amazing feedback.

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SHIB Polygon & Bitcoin – American Wrap 29 June

SHIB Price Prediction: Shiba Inu ready to pop to $0.00001 by the end of this week

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Shiba Inu is set to jump higher in a technical push towards $0.00001. Thanks to Bitcoin, SHIB is in the slipstream of the positive news in the major cryptocurrencies. Overall risk-on sentiment in the markets, with specifically Nasdaq higher, helps to lift SHIB.

Shiba Inu is set for a run higher towards $0.0000093 as the first point of resistance in the rally. After that, the $0.00001 level is in sight.

Why MATIC could enter a new bear market

สล็อต

MATIC price had been a relative strength leader in the cryptocurrency complex. Still, lately, the failure to hold key technical levels has raised the probability of a weaker price in the medium term. The overhang of key points of resistance coupled with a bearish pattern suggests that Polygon investors will not be rewarded with better profit outcomes

Uniswap Price Analysis: UNI strengthens, but still not time to fasten the seatbelts
Uniswap price has climbed almost 40% from the June 22 low and seized the opportunity of an oversold reading on the twelve-hour

สล็อตออนไลน์

Relative Strength Index (RSI) to slingshot above a longstanding trend line beginning on May 14. If UNI can close above the trend line on a daily basis, there is a potential for the altcoin to charge higher, but there is still more to prove.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

jumboslot

You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature.

Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

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If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Shiba Inu ready to pop to $0.00001 by the end of this week

Shiba Inu is set to jump higher in a technical push towards $0.00001.
Thanks to Bitcoin, SHIB is in the slipstream of the positive news in the major cryptocurrencies.
Overall risk-on sentiment in the markets, with specifically Nasdaq higher, helps to lift SHIB.
Shiba Inu is set for a run higher towards $0.0000093 as the first point of resistance in the rally. After that, the $0.00001 level is in sight.

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SHIB is surfing on the favorable tailwind of the Nasdaq and Bitcoin
Shiba Inu is ready to jump higher. Pure technical, SHIB has the ascending trendline that has pushed SHIB higher. SHIB surpassed the double top at $0.0000085 to the upside. That level is now turning into support and will keep prices elevated above this price range of $0.0000085.

To the upside, the first potential cap lies at $0.0000093 with the double top from June 16th and 17th. Expect SHIB to pause or hover around that area for a few hours before moving higher and SHIB to make the jump to $0.00001.

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On the technical front, Shiba Inu is set for a play higher. However, the overall sentiment is helping as well. Yesterday we had Nasdaq breaking all-time highs, as Bitcoin continues on a consecutive winning streak. This winning streak could attract back investors and speculators to the crypto space and makes Shiba Inu an exciting token to take part in.

SHIB 4hr Chart

SHIB/USD 4 hour chart

The double triangle formation to the upside in Shiba Inu is ready to jump higher to $0.0000093 and next $0.00001. Not only in technical analysis but also the sentiment in the markets right now has lifted SHIB to the upside. Get ready for the launch.

สล็อตออนไลน์

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature.

jumboslot

Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

slot

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.