06/20/2021 00:00:00

While Bitcoin did not make much recovery post the Jun 18 dip, some other altcoins struggled to do the same. XRP lost about 5.2% of its price as well as 5.3% of its market capitalization in the last 24 hours. SHIB made some major gains on June 16 thanks to the news of its Coinbase listing, before it was delayed.

jumbo jili

XRP:-

Source: XRP/USD – TradingView

Recovery has been slow for some coins, worse for some others like XRP. June 16 dip had already flipped support level into resistance and the early morning trade only dropped the coin further below. Trading at $0.757, XRP could be seen inching closer towards bedrock $0.697. Awesome Oscillator displayed dominating bearish momentum at the time of writing.

The purple indicator of Relative Strength Index (RSI) fell into the oversold zone earlier in the day. A small uptick at press time displayed the indicator rising out of the bearish territory in the coming hours. Parabolic SAR also indicated an active downtrend since the white dotted line appeared above the candlesticks.

For now, if XRP trades in green going forward, it could consolidate above $0.73 and prevent any further downfall.

สล็อต

Cardano [ADA]:-

Source: ADA/USD – TradingView

Cardano continued to be volatile as it had been for the last 2 weeks grazing and bouncing off the resistance and support levels. ADA once again ricocheted off the $1.37 support level to trade at $1.43 at press time. MACD indicator displayed the blue indicator line and the red signal line moving closely in the bearish neutral zone.

A minor divergence could be observed on the Bollinger Bands with the price indicator weighing towards the lower band. The basis (middle red line) continued to act as resistance as it has been since June 17. Capital inflows pushed Chaikin Money Flow indicator closer to the 0 mark in the bearish neutral region.

สล็อตออนไลน์

Based on the indicators, a correction phase could pull up ADA, however, critical support is placed at $1.31

Shiba Inu [ SHIB ]:-

Source: SHIB/USD – TradingView

Between June 16 & 18, SHIB fell by almost 22% and brought the coin back closer to its $0.00000659. AT the time of writing, the coin made some gains and reached up to trade at $0.00000770. SHIB will continue its movement consolidated under the $0.00001011 resistance level as it has since the end of May.

jumboslot

While 50 SMA ( Simple Moving Averages) line [orange] acted bullish, being under the candlesticks, the 100 SMA (red) line was aligned to the price indicator. Squeeze Momentum Indicator displayed receding bullish pressure at press time. The Relative Strength Index (RSI) indicator was aligned exactly to the neutral line at 50.0

Since indicators do not present a clear direction, expect the coin to swing either way going forward.

slot

Aaryamann is a full-time journalist at AMBCrypto. He is a recent journalism graduate, currently investing his time in the crypto-space. He has a keen interest in DeFi, the ever-expanding possibilities of blockchain technology, as well as the political impact they would have.

Why Shiba Inu coin saw its value rise so much this week

The Shiba Inu cryptocurrency has risen recently because of a new announcement that will make it available to more potential investors.

jumbo jili

Shib coin rises after Coinbase lift
Coinbase announced Tuesday that it will add the Shiba Inu coin to Coinbase Pro beginning this week, which allows people to buy the meme-bases cryptocurrency which has been seen as a rival to Dogecoin, according to Bitcoin News.

“Coinbase added SHIB little more than a month after that coin’s creation, in marked contrast to its addition of Dogecoin, which seemed to take DOGE years,” according to CoinDesk.com.
RELATED

Why Shib coin might have reached its peak
Why Shib coin might have reached its peak
People were supposed to start trading their Shiba Inu tokens on Coinbase Pro beginning on Thursday. However, technical issues held people from trading immediately, according to Investor Place.

สล็อต

“We are experiencing technical issues that will temporarily delay the launch of SHIB on Coinbase Pro,” the company said on Twitter. “At this time we are disabling deposits of SHIB; withdrawals are still available. We will provide an updated timeline for restoring deposits & enabling trading as soon as possible.”
What cryptos spiked because of Coinbase?
Shiba inu coin wasn’t the only cryptocurrency to spike. Other cryptos such as Chiliz and Keep Network spiked after being added to Coinbase, too, according to CoinDesk.com.

RELATED

สล็อตออนไลน์

What will happen to Shiba Inu coin by 2025?
How Shib coin impacted the Shiba Inu dog breed
Just a reminder — Coinbase Pro is different than Coinbase. They’re two different apps. However, Coinbase users can sign into their accounts on Coinbase Pro, according to Yahoo News.

Did Shiba Inu already peak?
There has been some speculation that the Shiba Inu coin has already reached its peak. Santiment, a cryptocurrency analytics firm, said the hype for the coin had died down a bit, which is why it hasn’t seen a huge rise in value recently.

jumboslot

“When a coin appears in emerging trends list, especially in top 3, it’s often a sign of a price top. Because it indicates a sort of a peak social hype. Price can hardly sustain its rally without increasing hype (or social volume),” according to Santiment.
How a minimally invasive spinal surgery immediately relieved one Utah man’s back pain
Next Up In Business
Could Shiba Inu coin rise on July 20?
Financial expert calls Dogecoin ‘a joke.’ But what about Tiger King coin?
Utah’s Traeger Grills lights a fire under public stock offering effort
Grasshopper invasion adding to plight of Utah farmers
Why Utah airline passenger was fined over $10K, and how children are helping FAA stop ‘unruly behavior’
How the Gates Foundation will survive Bill and Melinda’s divorce

slot

Recovery has been slow for some coins, worse for some others like XRP. June 16 dip had already flipped support level into resistance and the early morning trade only dropped the coin further below. Trading at $0.757, XRP could be seen inching closer towards bedrock $0.697. Awesome Oscillator displayed dominating bearish momentum at the time of writing.

The purple indicator of Relative Strength Index (RSI) fell into the oversold zone earlier in the day. A small uptick at press time displayed the indicator rising out of the bearish territory in the coming hours. Parabolic SAR also indicated an active downtrend since the white dotted line appeared above the candlesticks.

For now, if XRP trades in green going forward, it could consolidate above $0.73 and prevent any further downfall.

Shiba Inu price stagnant unless it breaks this crucial resistance barrier

Shiba Inu price continues consolidating within a descending parallel channel.
The mem-coin is currently stuck within two critical price points.
A candlestick close outside of the $0.0000086-$0.000005 range will determine where SHIB is heading next.
Shiba Inu price has not provided a clear signal for the direction of its trend. Still, SHIB may present an opportunity to profit very soon.

jumbo jili

Shiba Inu stuck between support and resistance
Shiba Inu posted massive gains in early May, rising by a whopping 2,093%. The meme-coin went from trading at a low of $0.0000018 and surged to a new all-time high of nearly $0.000040 on May 10.

A wave of profit-taking hit SHIB after the peak, pushing its market value down by more than 86%. Although prices have stabilized after the sell-off, Shina Inu has entered a stagnation period.

SHIB has been contained within a descending parallel channel since May 19. Each time Shiba Inu price has risen to the channel’s upper boundary since then, a rejection occurs that pushes it to the lower edge. From this point, it tends to rebound.

If this price action repeats, the rebound from the middle support trendline might be significant enough to push Shiba Inu price to the channel’s upper boundary at $0.0000086 before it faces another rejection or finally breaks out.

SHIB/USDt 6-hour chart

SHIB/USDt 6-hour chart

สล็อต

While a rejection from the $0.0000086 resistance level could lead to a downswing to $0.0000065, a break of this supply barrier may result in massive gains. By drawing a parallel trendline equal to the channel’s width, the consolidation pattern forecasts a 42% upside target.

If validated, Shiba Inu price might rise to $0.0000123 upon the $0.0000086 resistance level break.

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.

สล็อตออนไลน์

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.

jumboslot

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.

slot

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.

European Wrap 5 July

Ethereum Weekly Forecast: Social media giants give away ETH-based NFTs as bulls set stage for $3,000
Ethereum price seems to have hit a local top for its recent slow but steady uptrend. A minor retracement into a demand zone is likely and necessary for the upswing that the bulls have been waiting for.

jumbo jili

ETH/USDT 1-day chart

XLM Price Prediction: Stellar kick-starts a 12% descent
XLM price has been trying to slice through a critical resistance level over five times in the past ten days but has failed to do so. The recent pullback is a result of rejection at the same barrier.

XLM/USDT 4-hour chart

Shiba Inu price respects Fibonacci levels, SHIB ready for test to the downside
Shiba Inu price made an impressive jump this past weekend, together with most other cryptocurrencies. But it looks like profit-taking is already in full gear this morning for SHIB.

สล็อต

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.

สล็อตออนไลน์

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.

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.

jumboslot

Shiba Inu price will certainly pair losses as, overall, nothing has changed the risk sentiment. It is just crucial to wait for the right approach as buyers step in. As said, either $0.00000820 or $0.00000837 are the two key levels to watch for a long.

Should more downward pressure and more selling be coming in today, expect a complete retrace of the move toward $0.0000080 before buyers enter in full.

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.

slot


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.

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.

Shiba Inu price respects Fibonacci levels, SHIB ready for test to the downside

Shiba Inu price broke an essential trendline during the Asian session this morning.
Overall, major cryptocurrencies like Bitcoin and Ethereum are in negative territory on Monday.

jumbo jili

A redip to $0.000008 would present the right buying opportunity for SHIB.
Shiba Inu price made an impressive jump this past weekend, together with most other cryptocurrencies. But it looks like profit-taking is already in full gear this morning for SHIB.

Shiba Inu bulls prepare to buy the dip
Over the weekend, the cryptocurrency was very much in the green across the board. Higher cap tokens were leading the way, with Bitcoin up almost 5%. But during the Asian session on Monday morning, profit-taking took over. Sentiment turned sour and made other cryptocurrencies like Shiba Inu dip lower.

สล็อต

The spike in profit-taking this morning saw Shiba Inu price drop from $0.00000895, erasing almost all the profits made since Saturday morning. Although SHIB had a bounce off the black ascending trend line toward $0.00000878 over the weekend, this support level got broken and prices dipped lower toward $0.00000837, where it started Saturday morning.

Shiba Inu price managed to stay above that level for now. But the question is, “For how long?”. With the top cryptocurrencies not pairing their losses, a false breakout looks like it is in the making.

Next to that, the general sentiment in the markets this morning was not positive. With the US markets closed for the holiday, US equity futures are all in the red this morning. With low volume, no natural recovery is expected today.

สล็อตออนไลน์

SHIB can thus still go another leg lower with buyers on the sidelines. On the downside, we already discussed $0.00000837, which matches the 61.8% Fibonacci level. A test of the 78.6% level would be interesting as this is where buyers stepped in on Friday night.

SHIB/USD 4-hour chart

SHIB/USD 4-hour chart

To the upside, a retest of the 23.6% Fibonacci level at $0.00000873 would be proof that more upside is yet to come.

jumboslot

Shiba Inu price will certainly pair losses as, overall, nothing has changed the risk sentiment. It is just crucial to wait for the right approach as buyers step in. As said, either $0.00000820 or $0.00000837 are the two key levels to watch for a long.

Should more downward pressure and more selling be coming in today, expect a complete retrace of the move toward $0.0000080 before buyers enter in full.

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.

slot

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.

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.

Shiba Inu price respects Fibonacci levels, SHIB ready for test to the downside

Shiba Inu price broke an essential trendline during the Asian session this morning.
Overall, major cryptocurrencies like Bitcoin and Ethereum are in negative territory on Monday.
A redip to $0.000008 would present the right buying opportunity for SHIB.
Shiba Inu price made an impressive jump this past weekend, together with most other cryptocurrencies. But it looks like profit-taking is already in full gear this morning for SHIB.

jumbo jili

Shiba Inu bulls prepare to buy the dip
Over the weekend, the cryptocurrency was very much in the green across the board. Higher cap tokens were leading the way, with Bitcoin up almost 5%. But during the Asian session on Monday morning, profit-taking took over. Sentiment turned sour and made other cryptocurrencies like Shiba Inu dip lower.

The spike in profit-taking this morning saw Shiba Inu price drop from $0.00000895, erasing almost all the profits made since Saturday morning. Although SHIB had a bounce off the black ascending trend line toward $0.00000878 over the weekend, this support level got broken and prices dipped lower toward $0.00000837, where it started Saturday morning.

Shiba Inu price managed to stay above that level for now. But the question is, “For how long?”. With the top cryptocurrencies not pairing their losses, a false breakout looks like it is in the making.

Next to that, the general sentiment in the markets this morning was not positive. With the US markets closed for the holiday, US equity futures are all in the red this morning. With low volume, no natural recovery is expected today.

สล็อต

SHIB can thus still go another leg lower with buyers on the sidelines. On the downside, we already discussed $0.00000837, which matches the 61.8% Fibonacci level. A test of the 78.6% level would be interesting as this is where buyers stepped in on Friday night.

SHIB/USD 4-hour chart

SHIB/USD 4-hour chart

To the upside, a retest of the 23.6% Fibonacci level at $0.00000873 would be proof that more upside is yet to come.

Shiba Inu price will certainly pair losses as, overall, nothing has changed the risk sentiment. It is just crucial to wait for the right approach as buyers step in. As said, either $0.00000820 or $0.00000837 are the two key levels to watch for a long.

Should more downward pressure and more selling be coming in today, expect a complete retrace of the move toward $0.0000080 before buyers enter in full.

สล็อตออนไลน์

the breakout was short-lived, and SHIB has fallen into a consolidation, releasing the overbought conditions on the lower timeframes. If the rookie cryptocurrency can sustain a rally above the declining 50-day SMA, it could rally 33% before striking meaningful resistance.

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.

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.