American Wrap 22 June

Three technical indicators suggest XRP price hit a market bottom
XRP price is down over 70% from the April high and 50% from the June 1 rebound high at the time of writing, creating a challenging price structure to extract meaningful gains on a sustainable basis.

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However, today there is a convergence of three technical indicators that may signal that Ripple is near a new trading low or the beginning of a slow process of building an investable low for a new bull market.

BTC Price Prediction: Price recovers after dangerously testing levels under $30,000
Bitcoin price tumbled to $28,600, hitting the lowest level since January 4. The level is more than 50% below the April record high. So far, BTC/USD has been able to recover the 30K area but still remains under pressure. A consolidation below $30,000 would point to more losses ahead.

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SHIB price stuck in tight range as Shiba Inu bulls struggle to lift prices higher
SHIB price continues to consolidate after failing to break above a critical resistance trend line. Shiba Inu has failed to galvanize investors’ enthusiasm, almost falling to retest June 12 lows. The dog-themed cryptocurrency has managed to recover slightly, but a 5% dip below the current price may push it lower. SHIB price has been sealed in a downward trend since mid-May, struggling to record higher highs.

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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.

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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.

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SHIB price continues to consolidate after failing to break above a critical resistance trend line.
Shiba Inu has failed to galvanize investors’ enthusiasm, almost falling to retest June 12 lows.

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The dog-themed cryptocurrency has managed to recover slightly, but a 5% dip below the current price may push it lower.
SHIB price has been sealed in a downward trend since mid-May, struggling to record higher highs.

SHIB price enveloped with indecision
SHIB price has been trapped within a bearish chart pattern since May 19, creating lower highs, failing to break above the declining trend line.

On the 4-hour chart, SHIB price appears to be trading back within a descending triangle chart pattern, formed by its lower highs as the upper declining trend line, and a horizontal trend line marking the pattern’s bottom.

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On June 12, Shiba Inu price broke below the pattern’s lower trend line, hinting at the possibility of a lower target to be reached for SHIB.

The canine-themed cryptocurrency quickly recovered to trade within the descending triangle once again, even rallying to tag the upper trend line at $0.00000982 after Coinbase announced that the crypto exchange would list SHIB.

However, the 200-four hour Simple Moving Average (SMA) acted as strong resistance for Shiba Inu, causing SHIB price to decline, testing the horizontal trend line as support.

Amid the wider crypto market crash due to growing bearish sentiment, SHIB failed to sustain trading above the lower trend line at $0.00000633, adding fuel to the recent weakness.

SHIB/USDT

SHIB/USDT 4-hour chart

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Shiba Inu has recovered 16% from its swing low as the ongoing downtrend retreated slightly and SHIB price was saved by two buy signals on the 4-hour chart on June 21 and June 22 respectively.

Shiba Inu is back in familiar territory within the descending chart pattern as indecision mounts. However, SHIB price is still currently trading within the critical demand zone that ranges from $0.00000566 to $0.00000694.

Should SHIB price manage to rally above the higher boundary of the demand zone at $0.00000694, the dog-themed cryptocurrency could see a 10% rally from the current price to tag the 27.2% Fibonacci extension level, coinciding with the 100-four hour SMA.

Investors should note that even if SHIB price manages to confirm accelerating interest, a possible rally would be met with multiple obstacles ahead, given by the 50-four hour SMA and the 200-four hour SMA.

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Failing to hold above the critical level of support indicated by the horizontal trend line at $0.00000633 might spell trouble for the bulls, with a 10% decline expected if SHIB bears manage to take control.

Should further bearish sentiment take charge of the markets, SHIB price may be inclined to retest the low of $0.00000566 before envisioning a 50% decline from the horizontal support level to $0.00000315.

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.

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.

Will Shiba Inu coin rebound

Shiba Inu coin may rebound in the near future, but it might not matter too much when it comes to investment opportunities.

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Why did Shib coin dip?
The Shiba Inu cryptocurrency has had an up-and-down month recently. For one, the coin rose after Coinbase announced it would add the Shiba Inu coin to Coinbase Pro, as I wrote for the Deseret 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 Shiba Inu coin saw its value rise so much this week
But Santiment, a cryptocurrency analytics firm, said the hype over Shib coin may have died down, and the coin may have hit its peak already.

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“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.
Will Shib coin rise again?
Per InvestorPlace.com, Shiba Inu coin will likely rebound in the near future. In fact, the rise might be enough to surpass Dogecoin.

Since its origins, Shib coin has been deemed a “Dogecoin killer.” Both currencies use a Shiba Inu dog as its mascot, which made them instant rivals in the crypto world.
RELATED

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Why Shiba Inu coin saw its value rise so much this week
What will happen to Shiba Inu coin by 2025?
However, you may want to hold off before buying on Shib coin right now, according to InvestorPlace.com.

“While Shiba Inu might be a fun, albeit highly risky bet for some, it just isn’t for us,” InvestorPlace.com explained. “Our focus is on discovering innovative, life-changing blockchains. Cryptos with far less risk, but equal opportunity for gains.

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“So, while some people seek a low-effort moonshot with a meme crypto like this, we’re busy poring over research being done by crypto groups and companies, unearthing the ultimate, most asymmetric bets,” InvestorPlace.com said.
How emotional intelligence plays a role in the job interview process
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SHIB steadies, as maximum downside limited to 10%

Shiba Inu price inches closer to testing the May 19 low after primary moving average fails to resist selling.
SHIB volume not reflecting a mass exodus for the exits, suggesting that selling is compelled by broader market weakness.
Symmetrical triangle apex remains a critical resistance level for any reemergence of buying pressure.

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Shiba Inu price reversed the 27% gain accompanying the June 15 announcement that SHIB would be listed on the Coinbase Pro in just three days, putting it in a delicate technical position. That resolved to the downside today. Now the rookie cryptocurrency may be poised to test the June 12 low if the weakness in the cryptocurrency complex persists.

Shiba Inu price sowing seeds of doubt among the meme token faithful
From the June 11 low to the June 15 high, Shiba Inu price successfully tested the May 19 low of $0.00000607, shattered a descending channel, overcame exceptional resistance at $0.00000770, briefly surpassed the apex of a multi-week symmetrical triangle at $0.00000888 and tagged the 200 four-hour SMA at $0.00000978. Furthermore, SHIB climbed approximately 80%, thereby shaking off skepticism dictated by the previous bearish price structure.

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Since, Shiba Inu price has declined almost 35% from the June 15 high, leaving behind the symmetrical triangle apex and the temporary support discovered at the 50 four-hour simple moving average (SMA). However, the disappointing reversal has released the overbought condition displayed by the four-hour Relative Strength Index (RSI), improving the conditions for a new, spirited SHIB rally higher should the cryptocurrency market regain a measure of support.

Considering the bearish SHIB price action over the weekend and today, investors’ trade direction should be cautious, with an eye on the May 19 low of $0.00000607, followed by the June low of $0.00000550 as possible support levels. The levels represent losses of 10% and 20%, respectively.

If both SHIB price levels fail, market speculators should acknowledge the next support at the 138.2% Fibonacci downside extension of the May 19 bounce at $0.00000354, equating to a 48% decline from the current Shiba Inu price.

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On the upside, Shiba Inu price needs to close above the 50 four-hour moving average at $0.00000760, followed by the 200 four-hour moving average at $0.00000815. The path to a meaningful SHIB rally also includes the triangle’s apex at $0.000000888, representing a 30% gain from the current price.

Shiba Inu price feels the weight of the broader market and the earlier Coinbase Pro delay, but it still holds the correction low of $0.00000550, which not all altcoins can claim today. Moreover, the turnaround in SHIB has not pulled the 50 four-hour SMA lower gain.

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Instead, the moving average is trending higher and on pace to cross the 200 four-hour SMA in a couple of days, unless the current weakness evolves into a deeper, more complex bottoming process. Lastly, the volume profile during this new corrective process has been contracting, suggesting that most weak holders have exited their positions.

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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

Shiba Inu Investors Cross Fingers on Trading Platform Speculation

Shiba Inu investors are crossing their fingers and paws in hopes that they will get some good news today that could bolster the languishing price of the meme coin.

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Online brokerage eToro announced it is adding a wave of new crypto assets to its platform, which has set off a frenzy of speculation on social media. Chief among the speculation has been the idea that Shiba Inu coin will be on the list when it is revealed today.

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SHIB is trading in the red with the broader cryptocurrency market today and was down by a double-digit percentage, though it has since trimmed its losses to 7% in the last 24-hour period.

To be clear, eToro has not weighed in on the specific crypto assets in the pipeline, only to say that it is “adding a new batch of coins on Monday.” The company also asked its followers for guesses, in response to which they received more than 7,000 replies. The Shiba Inu crowd took that as an invitation, perhaps hoping that their expectation will become a self-fulfilling prophecy.

We’re adding a new batch of coins on Monday. Drop your guesses in the replies. 🤫👇

Social Media Speculation
Getting added to a trading platform like eToro would add to the liquidity of the SHIB coin and also raise its profile. In addition to crypto assets, eToro also supports stocks, which widens its reach.

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eToro already supports roughly two dozen crypto assets, including meme coin Dogecoin, whose mascot Doge served as the inspiration for the Shiba Inu cryptocurrency. The two meme coins have since become rivals, as Shiba Inu fancies itself as the “Doge Killer.” When eToro announced its support for DOGE, it said to investors, “You barked and we heard you.”

To the Moon
Shiba Inu’s larger rival Dogecoin is also under pressure today. Billionaire tech entrepreneur Mark Cuban is a fan of DOGE, which is accepted as a payment method for the NBA team he owns, the Dallas Mavericks. Cuban previously speculated that the Dogecoin price will “definitely hit USD 1” if the team could sell 6,556,000,000 DOGE in team merchandise.

DOGE is currently trading at about USD 0.22. He reportedly believes DOGE can be a good investment but urges investors to “know why” they’re investing rather than just “getting lost in the hype.”

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Not to be outdone, Shiba Inu investors similarly have an ambitious target of USD 1 on their favorite cryptocurrency, which is currently trading for less than a penny. They are further speculating that SHIB will eventually make its way onto popular cryptocurrency exchange Coinbase, though at this point that is all it is — pure speculation. And all the speculating in the world is doing nothing to lift the SHIB price out of the doldrums today.

SHIB Let Down
As fate would have it, the eToro team decided on three other crypto assets to add to their platform, leaving Shiba Inu investors kicking their heels — for now. The crypto assets they are adding include the following altcoins:

Algorand (ALGO)
Polygon (MATIC)
Basic Attention Token (BAT)

Asian Wrap 21 June

Ethereum Price Prediction: ETH presents buy signal, targeting $2,500
Ethereum price was held by the $2,000 support level after a steep correction. As long as this demand barrier holds, ETH could rebound to $2,500. The Tom DeMark Sequential indicator adds credence to the bullish outlook.

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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.

MATIC price primed for prompt recovery, Polygon bulls target $2.40
MATIC price seems bound for a bullish impulse. After dropping by more than 25% in the past five days, Polygon presents a buy signal. A spike in buying pressure could see this cryptocurrency rise to $1.45 or $1.60.

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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.

สล็อตออนไลน์

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.

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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.

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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.

MATIC price primed for prompt recovery, Polygon bulls target $2.40
MATIC price seems bound for a bullish impulse. After dropping by more than 25% in the past five days, Polygon presents a buy signal. A spike in buying pressure could see this cryptocurrency rise to $1.45 or $1.60