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Shiba Inu (SHIB) Eyes Bitcoin for Potential Recovery

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Shiba Inu has been stuck in a persistent downtrend, with recovery attempts consistently failing. The meme coin has struggled to break through key resistance levels, and investor sentiment remains lackluster due to ongoing losses. 

With limited support from investors, SHIB now finds itself reliant on the performance of Bitcoin for any potential rebound.  

Shiba Inu Investors Need Help

Over the past month and a half, losses in transactions have far outweighed those in profit for Shiba Inu. This reflects the ongoing bearish sentiment, as more investors are in a position of loss than profit. The dominance of losing transactions further dampens market confidence, leaving many hesitant to participate in network activities.  

As a result of this bearish outlook, investor behavior has shifted, with many pulling back from conducting transactions on the network. This cautious approach results in lower trading volume, which puts additional pressure on SHIB’s price. Until the sentiment changes or market conditions improve, Shiba Inu is likely to continue facing downward pressure.  

Shiba Inu Transactions In Loss
Shiba Inu Transactions In Loss. Source: Santiment

Shiba Inu shares a strong correlation with Bitcoin, with a 0.94 correlation coefficient. This suggests that SHIB could follow Bitcoin’s price movements, especially if Bitcoin continues to show strength. Should Bitcoin break the crucial $100,000 barrier, it could signal a period of growth for the broader crypto market, including Shiba Inu.  

This close relationship with Bitcoin offers Shiba Inu a potential path to recovery. If Bitcoin rallies, it could provide the necessary momentum to lift SHIB from its downtrend. However, SHIB’s reliance on Bitcoin also means that its recovery is contingent on Bitcoin’s performance in the coming weeks.  

Shiba Inu Correlation With Bitcoin
Shiba Inu Correlation With Bitcoin. Source: TradingView

SHIB Price Prediction: Stuck Within A Range

Shiba Inu is currently priced at $0.00001591, having been stuck under the $0.00001676 resistance for the past week. The coin has endured a month-long downtrend, pushing it to its current price level. Without a significant shift in market sentiment, SHIB is unlikely to breach this resistance in the short term.  

If the bearish market conditions persist, Shiba Inu may continue to consolidate below the $0.00001676 resistance. However, holding above the $0.00001462 support level could provide SHIB with some stability, preventing further downside and allowing for a potential slow recovery if broader market conditions improve.  

Shiba Inu Price Analysis.
Shiba Inu Price Analysis. Source: TradingView

Should Bitcoin recover and pull Shiba Inu along with it, SHIB could breach the $0.00001676 resistance and rise toward $0.00002000. A successful push above this key level would open the door for further growth, potentially marking the start of a new bullish phase for the meme coin.

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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B3 Price Soars, Becoming a Top Coin on the Base Chain

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B3 price surged roughly 50% on February 12, making it one of the fastest-growing tokens launched on Base in recent months. As a gaming-focused project founded by former Base team members, B3 has also become one of the most talked-about gaming coins this cycle.

Despite its strong rally, technical indicators suggest that trend momentum is easing, and selling pressure has started to increase. Whether B3 can sustain its bullish momentum or face a deeper correction will depend on key support and resistance levels in the coming sessions.

DMI Chart Shows B3 Trend Is Easing

B3 – which defines itself as an “Open Gaming Layer-3” – DMI chart shows a sharp decline in its ADX, dropping from 60.8 to 13.6 in the last 12 hours, signaling a rapid loss of trend strength.

The ADX (Average Directional Index) measures the strength of a trend, with values above 25 indicating a strong trend and values below 20 suggesting weakness or consolidation.

While a high ADX confirms a strong trend, a sudden drop like this often points to fading momentum or a potential shift in market direction.

B3 DMI.
B3 DMI. Source: TradingView.

Despite this decline in trend strength, B3 is still in an uptrend, as indicated by the +DI at 19.8, though it has fallen from 30. Meanwhile, the -DI has risen from 15.6 to 19.1, showing increasing selling pressure for the gaming coin.

Since the +DI and -DI remain close, the market is at a critical point where a decisive move could define the next trend.

If +DI regains strength, the uptrend could resume, but if -DI continues rising, B3 may enter a consolidation phase or even a downtrend. Since yesterday, B3 has surged, becoming the 9th biggest asset on Base in terms of market cap, ahead of famous tokens like AIXBT.

With its recent surge, it became the biggest gaming coin on Base ecosystem.

B3 CMF Is Currently Negative, After Staying Positive Between Yesterday and Today

B3’s CMF is currently at -0.08 after remaining positive for several consecutive hours between yesterday and today. The Chaikin Money Flow (CMF) measures the buying and selling pressure based on volume and price action, with values above zero indicating accumulation and values below zero signaling distribution.

A rising CMF suggests stronger buying interest, while a declining or negative CMF points to increasing selling pressure. Earlier, B3’s CMF dropped to a negative peak of -0.22, showing a brief period of heavy outflows before attempting to recover.

B3 CMF.
B3 CMF. Source: TradingView.

Although B3’s CMF has rebounded from its lowest levels, its remaining negative at -0.08 suggests that selling pressure is still present. This could indicate a weakening of bullish momentum, making it harder for the price to sustain an uptrend.

If CMF continues to recover and turns positive again, it would signal renewed accumulation, potentially supporting a price rebound. However, if it declines further, it may confirm increasing sell-side pressure, leading to further downside or prolonged consolidation.

B3 Price Prediction: Will B3 Rise More 42%?

B3’s EMA lines still indicate bullish momentum, as short-term EMAs remain above long-term ones. However, the narrowing gap between them suggests that buying pressure may be weakening.

The price is currently near a key support level at $0.01259, which will be crucial in determining the next move. If this support is tested and fails, B3 could see a significant drop, potentially falling to $0.0068 or even $0.0053, marking a steep 61% correction, as gaming coins still try to perform well this cycle.

B3 Price Analysis.
B3 Price Analysis. Source: TradingView.

On the other hand, if the uptrend strengthens, B3 could push toward the $0.016 resistance level.

A breakout above this level could signal renewed bullish momentum, leading to a move toward $0.0195, representing a 42% upside, potentially making it one of the most relevant new cryptos in the Base ecosystem.

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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WLFI Co-Founder Hacked to Promote Fake BARRON Meme Coin

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Hackers targeted World Liberty Financial co-founder Zach Witkoff, using his X account to promote a fake meme coin based on Barron Trump. Moderators quickly removed the post, but BARRON’s price has yet to decline.

Political meme coin scams are tearing through the crypto community, and they’re getting more brazen. A fresh supply of gullible victims is strongly incentivizing naked robbery.

BARRON Meme Coin Hasn’t Fallen Yet

Since Donald Trump launched his TRUMP meme coin, the industry has taken a dark turn. Crypto scams have entered a golden age, with scammers stealing $857 million off TRUMP in the first week of his Presidency. Today, hackers compromised WLFI co-founder Zach Witkoff’s social media account and briefly used it to promote a fake BARRON meme coin.

“Account was hacked. Thanks to X and James Musk [Elon’s cousin] for hopping on this quickly. You guys are the best!” Witkoff claimed.

Needless to say, the meme coin had absolutely nothing to do with the President’s son, Barron Trump. However, his daughter also had to deny all association with an IVANKA meme coin, but that scam still proved profitable.

After moderators removed the post and Witkoff warned investors, the asset’s price didn’t even fall from its spike. BARRON and other Trump family fake meme coins are just the tip of the iceberg.

A wave of scam political-themed meme coins is tearing its way through the crypto space, and luminaries like Vitalik Buterin feel powerless to stop it.

BARRON Price Stays Strong Despite Being Fake.
Fake BARRON Meme Coin Surges. Source: CoinMarketCap

There are plenty of examples of this worrying trend. In January, scammers falsely associated an XRP wallet with the US Treasury, but it’s unclear how much money it actually made.

Most recently, the X accounts of two former heads of state, a Brazilian President and a Malaysian Prime Minister, were hacked to promote fake meme coins. Both scams earned over $1 million.

In short, the crypto space should brace for a lot more fake meme coins like BARRON in the future. A survey claimed that 40% of TRUMP investors were total newcomers to the space, and scammers are fully exploiting this trend.

It’s difficult to say how the current meme coin craze will continue to unfold. The most challenging aspect is that users often know these tokens are scams but still intentionally trade them to try their luck. This speculative trading practice is almost becoming similar to gambling, and it’s impacting the industry’s credibility.

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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BERA Price Struggles to Maintain Momentum After Launch

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Berachain (BERA) price has struggled to maintain its initial valuation, quickly dropping from $15 just hours after launch. Like many new L1 and L2 chains, it now faces the challenge of proving its long-term value beyond the early hype.

While its indicators currently suggest weak market momentum, some analysts remain optimistic about its strong community and developer activity. With key resistance and support levels in play, the next moves for BERA will be crucial in determining whether it can recover lost ground or face continued downward pressure.

Can BERA Avoid the Fate of Other Struggling Chains?

Berachain price quickly dropped from $15 just hours after launch, raising concerns about its ability to maintain momentum. Like many new chains, it now needs to prove its value after its airdrop.

Many recent L1 and L2 launches, including Starknet, Mode, Blast, zkSync, Scroll, and Dymension, have struggled to hold their prices. Hyperliquid is a rare exception, with strong revenue and a 19% price increase in the last 30 days.

Selected New Chains Returns.
Selected New Chains Returns. Source: Messari.

Users have been pointing out some concerns about the project, with X user Ericonomic saying one of its biggest concerns is related to BERA private investors:

“Berachain sold more than 35% of its token supply to private investors (I thought it was just 20%), with the seed round sold at $50M FDV, the second round at $420M FDV, and the last one at $1.5B FDV. These are a lot of tokens. Most projects sell 20% of their supply privately and I already think that’s too much and causes a lot of harm to the project. This number of tokens sold, plus its long vesting, creates permanent sell pressure until all of them are vested, which usually leads to down-only charts in projects that launch at multiples FDV (aka high FDV, low float),” Ericonomic wrote on X (formerly Twitter).

He also points out that one of the Berachain founders is selling its tokens.

The cofounder is selling tokens from one of his doxxed addresses. He got around 200k BERA from the airdrop (this is a really bad thing since he—or the core—designed the airdrop) and then he swapped some of those tokens for WBTC, ETH, BYUSD, etc,” Ericonomic wrote.

BERA Indicators Suggest a Weak Market Momentum

BERA DMI chart shows a weakening trend, with the ADX dropping from 35 to 25.4, indicating that trend strength is fading. The +DI at 21.3 and -DI at 20 suggests a near-balance between buyers and sellers, meaning no clear directional momentum.

BERA DMI.
BERA DMI. Source: TradingView.

If the ADX continues to decline, it could signal choppy price action rather than a strong move in either direction. A resurgence in either +DI or -DI could clarify the next trend.

BERA’s BBTrend turning positive after a prolonged negative period suggests a shift in market sentiment, but the recent decline hints at potential exhaustion.

BERA BBTrend.
BERA BBTrend. Source: TradingView.

After hitting a high of 9.1 yesterday, the indicator’s downturn could mean bullish momentum is slowing. If it continues falling, BERA might struggle to sustain its recovery and could enter a consolidation or retracement phase.

Both indicators suggest BERA is at a critical point, with fading momentum and uncertainty about its next move. If buying pressure strengthens, it could push higher, but if weakness persists, a reversal or sideways action becomes more likely.

The coming sessions will be key in determining whether the recent positive shift can hold.

BERA Price Prediction: Can BERA Recover $7 Levels?

BERA’s EMA lines indicate a lack of clear direction, with price movement depending on whether momentum builds. A push upward could lead to a test of the $6.3 resistance, with potential for a further rise to $7.2 if broken.

However, if selling pressure increases, BERA could drop toward $4.7. So far, early price action has been weak, and indicators don’t yet show strong bullish signals.

BERA Price Analysis.
BERA Price Analysis. Source: TradingView.

Despite this, Berachain has strong community support. If its Proof-of-Liquidity (PoL) is implemented, which has almost been the project’s biggest selling point, it could bring fresh buyers into the market.

As of now, BERA is looking quite bearish.

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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