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Bearish Trends and Market Sentiment Insights

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Shiba Inu (SHIB) has been experiencing volatility, and its mid- and long-term charts show mixed signals.

This comprehensive analysis will explore the current price action and technical indicators, providing a clear outlook for traders. Additionally, we will delve into the recent liquidation data to understand market sentiment and offer strategic recommendations for navigating the Shiba market.

Shiba Inu Technical Analysis: Bearish to Neutral Outlook

4-Hour Timeframe Analysis

SHIB has been experiencing choppy price action without clear direction at this moment. It is hovering around the $0.00002617 resistance level and finding support around $0.00002448.

SHIB/USDT (4H vs. 1D). Source: TradingView
SHIB/USDT (4H vs. 1D). Source: TradingView
  • 100-period EMA (Blue): Currently providing a support level near $0.00002528.
  • 200-period EMA (Green): Acting as support near $0.00002500.
  • RSI: The Relative Strength Index (RSI) is around 50, indicating neutral momentum. RSI has declined from 70 to 50, indicating a downward trend.

Support and Resistance Levels (4H):

The immediate resistance level is $0.00002617. Breaking above this level could signal a short-term bullish move toward $0.00002944.

Conversely, key support is at $0.00002448. A drop below this level could lead to further declines towards $0.00002327.

Read More: How To Buy Shiba Inu (SHIB) and Everything You Need To Know

Daily Timeframe Analysis

SHIB has been in a sideways trend on the daily chart, trading inside the Ichimoku Cloud, indicating indecision.

Technical Indicators:

  • Price Location: The price is trading within the Ichimoku Cloud, indicating a neutral trend. The top of the cloud is acting as resistance around $0.00002800.
  • Conversion Line (Tenkan-sen): It is close to the current price, further highlighting the lack of a strong trend.
  • Moving Averages:
  • 100-day EMA (Blue): Currently below the price at $0.00002200, providing support.
  • 200-day EMA (Green): Below the current price, indicating long-term support.
  • RSI: The RSI is around 50, reflecting a balanced market with neither overbought nor oversold conditions.

Support and Resistance Levels (1D):

The top of the Ichimoku Cloud marks immediate resistance at $0.00003200. A break above this level could target $0.00004500.

Conversely, key support is approximately $0.00002300, coinciding with the 100-day EMA and the lower boundary of the daily Ichimoku cloud. Falling below this level could signal the continuation of a bearish trend.

SHIB Liquidations Data: Market Sentiment Insights

The chart displays the liquidations of Shiba Inu trading positions, categorized into long (green bars) and short (red bars) liquidations over a specified period.

Spikes in long liquidations are observed on May 30, indicating significant downward pressure during that period.

Short liquidations are generally less frequent but have notable spikes, particularly around the end of May.

SHIB Liquidations: Coinglass
SHIB Liquidations: Coinglass

The recent dominance of long liquidations indicates a bearish sentiment in the market. Traders who expected SHIB’s price to rise have been caught off guard by price declines, leading to forced liquidations of long positions.

After all, traders should be cautious about using high leverage in such a volatile environment. Adjusting leverage levels and setting stop-loss orders may be prudent to mitigate liquidation risk.

Eventually, observing liquidation data can provide insights into market sentiment and potential price movements.

Strategic Recommendations for Traders

Outlook: Bearish to neutral. Furthermore, the daily chart indicates that SHIB is in a state of equilibrium, with the price trading within the Ichimoku Cloud and RSI at neutral levels. A clear breakout above $0.00002800 or a breakdown below $0.00002200 would be needed to establish a new upside trend.

Monitor Key Levels: Monitor critical support and resistance levels. For SHIB, these include $0.00002617 and $0.00002800 for potential bullish breakouts and $0.00002448 and $0.00002200 for bearish breakdowns.

Manage Leverage: Given the high volatility in the SHIB market, use leverage cautiously. Consider reducing leverage to minimize the risk of significant losses.

Read More: Shiba Inu (SHIB) Price Prediction 2024/2025/2030

Set Stop-Loss Orders: Protect your positions by setting stop-loss orders at strategic levels to avoid forced liquidations during sudden market movements.

Analyze Liquidation Trends: Use liquidation data to gauge market sentiment and anticipate potential price reversals or continuations. This can help you make informed trading decisions.

By integrating technical analysis with insights from liquidation data, traders can better navigate the volatile SHIB market, position themselves for potential opportunities, and reduce risks.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Report Alleges Massive Meme Coin Sniping on Pump.fun

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According to a new report from Pine Analytics, token deployers on Pump.fun systematically funded sniper wallets to buy their own meme coins. This impacted over 15,000 token launches on the platform.

These sniper wallets operated primarily during US trading hours, executing standardized, profitable strategies. Unrelated bot activity obscures their behavior, making it extremely difficult to isolate these wallets—and they can readily adapt to new countermeasures.

Snipers Roam Free on Pump.fun Meme Coins

Pump.fun has remained one of the most popular meme coin launchpads on Solana despite persistent controversies and other criticism.

However, Pine Analytics’ new report has uncovered a new controversy, discovering systematic market manipulation on the platform. These snipes include as much as 1.75% of all launch activity on Pump.fun.

“Our analysis reveals that this tactic is not rare or fringe — over the past month alone, more than 15,000 SOL in realized profit was extracted through this method, across 15,000+ launches involving 4,600+ sniper wallets and 10,400+ deployers. These wallets demonstrate unusually high success rates (87% of snipes were profitable), clean exits, and structured operational patterns,” it claimed.

Solana meme coin deployers on Pump.fun follow a consistent pattern. They fund one or more sniper wallets and grant them advance notice of upcoming token launches.

Those wallets purchase tokens in the very first block and then liquidate almost immediately—85% within five minutes and 90% in just one or two swap events.

pump.fun snipers
Figure: Pump.Fun Sniper Wallet Profits. Source: X/Pine Analytics

Pump.fun meme coin developers exploit this tactic to create the appearance of immediate demand for their tokens. Retail investors, unaware of the prior sell‑off, often purchase these tokens after the snipe, giving developers an unfair advantage. This constitutes market manipulation and erodes trust in the platform.

Pine Analytics had to carefully calibrate its methods to identify genuine snipers. Apparently, 50% of meme coin launches on Pump.fun involve sniping, but most of this is probably bots using the “spray and pray” method.

However, by filtering out snipers with no direct links to developer wallets, the firm missed projects that covered their tracks through proxies and burners.

In other words, the meme coin community does not have adequate defenses against systematic abuse on Pump.fun. There are a few possible ways that the platform could flag repeat offenders and sketchy projects, but adaptive countermeasures could defeat them. This problem demands persistent and proactive action.

Unfortunately, it may be difficult to enact such policies. Meme coin sniping is so systematic that Pump.fun could only fight it with real commitment.

Analysts think that building an on-chain culture that rewards transparency over extraction is the best long-term solution. A shift like that would be truly seismic, and the meme coin sector might not survive it.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Solana Leads Blockchain Metrics as SOL Momentum Builds

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Solana (SOL) continues to show strength across multiple fronts, maintaining a bullish structure on its Ichimoku Cloud chart while gaining momentum in key market metrics. The BBTrend indicator has turned higher again, signaling renewed buying pressure after a brief cooldown.

On-chain activity remains strong, with Solana leading all blockchains in DEX volume and dominating fee generation thanks to the explosive growth of meme coins and launchpad activity. With SOL now trading above a key resistance level, the path is open for further upside—though a loss of momentum could still trigger a retest of lower supports.

Solana Maintains Bullish Structure, but Momentum Faces Key Test

On Solana’s Ichimoku Cloud chart, the price is currently above the Kijun-sen (red base line) but has dipped below the Tenkan-sen (blue conversion line), signaling weakening short-term momentum.

The flattening Tenkan-sen and price behavior suggest possible consolidation or the early stages of a pullback. Still, with the price holding above the Kijun-sen, medium-term support remains intact.

SOL Ichimoku Cloud. Source: TradingView.

The overall Ichimoku structure remains bullish, with a thick, rising cloud and leading span A well above span B—indicating strong underlying support.

If Solana finds support at the Kijun-sen and climbs back above the Tenkan-sen, the uptrend could regain strength; otherwise, a test of the cloud’s upper boundary may follow.

SOL BBTrend.
SOL BBTrend. Source: TradingView.

Meanwhile, Solana’s BBTrend is currently at 6, extending nearly ten days in positive territory after peaking at 17.5 on April 14. The recent increase from 4.26 to 6 suggests renewed bullish momentum following a brief cooldown.

BBTrend, or Bollinger Band Trend, tracks the strength of price movement based on Bollinger Band expansion.

Positive values like the current one point to an active uptrend, and if the BBTrend continues to rise, it could signal stronger momentum and potential for another upward move.

Solana Dominates DEX Volume and Fee Generation as Meme Coins Drive Ecosystem Growth

Solana has once again claimed the top spot among all chains in DEX volume, recording $15.15 billion over the past seven days. The combined total of Ethereum, BNB, Base, and Arbitrum reached $22.7 billion.

DEX Volume by Chain.
DEX Volume by Chain. Source: DeFiLlama.

In the last 24 hours alone, Solana saw $1.67 billion in volume, largely fueled by its booming meme coin ecosystem and the ongoing launchpad battle between PumpFun and Raydium. Adding to this good momentum, Solana recently surpassed Ethereum in Staking Market Cap.

Protocols and Chains Fees.
Protocols and Chains Fees. Source: DeFiLlama.

When it comes to application fees, Solana’s momentum is just as clear. Four of the top ten fee-generating apps over the past week—PumpFun, Jupiter, Jito, and Meteora—are Solana-focused.

Pump leads the pack with nearly $18 million in fees alone.

Solana Breaks Key Resistance as Uptrend Targets Higher Levels, but Risks Remain

Solana has finally broken above its key resistance at $136, flipping it into a new support level that was successfully tested just yesterday.

Its EMA lines remain aligned in a bullish setup, suggesting the uptrend is still intact.

If this momentum continues, SOL price could aim for the next resistance zones at $147 and $152—levels that, if breached, open the door to a potential move toward $179.

SOL Price Analysis.
SOL Price Analysis. Source: TradingView.

The current structure favors buyers, with higher lows and strong support reinforcing the trend.

However, if momentum fades, a retest of the $136 support is likely.

A breakdown below that level could shift sentiment, exposing Solana to deeper pullbacks toward $124 and even $112.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Crypto Firms Donated $85 million in Trump’s Inauguration

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According to a new report, 15 firms and individuals from the crypto industry donated more than $100,000 to President Trump’s Inauguration, totaling over $85 million.

Almost all of these companies apparently received direct or indirect benefits from Trump’s administration. This includes dropped legal proceedings, lucrative business partnerships, participation in Trump’s Crypto Summit, and more.

Crypto Industry Went All-In on Trump’s Inauguration

Since promising to bring friendlier regulations on the campaign trail, Donald Trump attracted a reputation as the Crypto President.

Trump’s Inauguration festivities included a “Crypto Ball,” and several prominent firms made donations for these events. Today, a report has compiled all crypto-related contributions of over $100,000, revealing some interesting facts.

Crypto Donations For Trump's Inauguration
Crypto Donations For Trump’s Inauguration. Source: Fortune

Since taking office, President Trump and his family have been allegedly involved in prominent crypto controversies, and these donations may be linked to several of them.

For example, eight of the donors, Coinbase, Crypto.com, Uniswap, Yuga Labs, Kraken, Ripple, Robinhood, and Consensys, had SEC investigations or lawsuits against them closed since Trump’s term began.

The commission might have dropped its probe against these companies anyway due to its changing stance on crypto enforcement. However, being in the President’s good books likely helped the process.

Further Alleged Benefits for Donors

In other words, nearly half the firms that made donations to Trump’s Inauguration have seen their legal problems cleared up quickly. This isn’t the only regulation-related benefit they allegedly received.

Circle, for example, recently made an IPO after openly stating that Trump’s Presidency made it possible. Galaxy Digital received SEC approval for a major reorganization, a key step for a NASDAQ listing.

Other donors, such as Crypto.com and ONDO, got more direct financial partnerships with businesses associated with the Trump family.

Previously, Ripple’s CEO, Brad Garlinghouse, anticipated a crypto bull market under Trump. Also, XRP, Solana, and Cardano were all unexpectedly included in the US Crypto Reserve announcement.

All three of these companies made major donations to Trump’s Inauguration.

It seems that most of the firms involved got at least some sort of noticeable benefit from these donations. Donors like Multicoin and Paradigm received invitations to Trump’s Crypto Summit, while much more prominent groups like the Ethereum Foundation got snubbed.

Meanwhile, various industry KOLs and community members have already alleged major corruption in Trump’s crypto connections.

While some allegations might lack substantial proof, the crypto space has changed dramatically under the new administration, for both good and bad.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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