Shiba

Dogecoin

Shiba Inu

Coin

The Shiba Inu price <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">surged</a> over 5% in the last 24 hours to trade at $0.00002358 as of 5: 15 a.m. EST as investors start to accumulate the meme coin.
SHIB’s gain during the last day of trading has not been enough to flip its weekly and monthly performances out of the red. The meme coin is still down more than 8% over the past 7 days, with its monthly performance standing at -2%.
<h2 id="span-style-font-weight-400-the-shiba-inu-price-challenging-resistance-span">The Shiba Inu Price Challenging Resistance</h2>
<img decoding="async" src="https://s3.tradingview.com/snapshots/f/FuxPtcmL.png" alt="SHIB Chart Image">
4-hour chart for SHIB/USD (Source: <a href="https://www.tradingview.com/x/FuxPtcmL/" rel="noopener noreferrer nofollow">GeckoTerminal</a>)
The <a href="https://insidebitcoins.com/news/can-shiba-inu-shib-still-achieve-a-5x-increase-or-should-investors-look-for-new-opportunities-for-higher-returns" rel="noopener noreferrer nofollow">Shiba Inu</a> price is attempting to escape the consolidation channel between $0.00002162 and $0.00002364 that it has been trapped in for the past couple of days. Should the meme coin close a 4-hour candle above $0.00002364 within the next 12 hours, traders might enter a long position.
This potential influx of buy volume could then lead to the Shiba Inu price rising to as high as $0.00002567 in the short term. However, a rejection from the $0.00002364 mark in the next 12 hours might invalidate this bullish thesis.
In this alternative scenario, the meme coin might be at risk of correcting down to the immediate support level at $0.00002162. Continued sell pressure should the <a href="https://insidebitcoins.com/news/shiba-inu-price-prediction-as-shib-jumps-on-5800-burn-rate-surge-and-this-dog-themed-meme-coin-challenger-races-towards-2m" rel="noopener noreferrer nofollow">Shiba Inu</a> price drop to this technical crutch could lead to the crypto falling to the subsequent support at $0.00002021.
<h2 id="span-style-font-weight-400-shiba-inu-price-could-still-keep-rising-span">Shiba Inu Price Could Still Keep Rising</h2>
Technical indicators on SHIB’s 4-hour chart suggest the altcoin might keep rising in the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bullish.
In the last 24 hours, the MACD line crossed above the MACD Signal line. Traders usually see this as an indication that a crypto has entered a positive trend. What’s more, the MACD line breaking away above the Signal line might indicate that this bullish momentum is growing stronger as well.
SHIB’s RSI on the 4-hour chart corroborates the idea that bulls’ strength is increasing. Currently, the RSI is positively sloped towards overbought territory. It is also above 50, which is a sign that buyers have an upper hand against sellers.
With SHIB approaching resistance, traders might want to consider the Dogecoin derivative <a href="https://insidebitcoins.com/visit/dogeverse" rel="noopener noreferrer nofollow">Dogeverse</a> as an alternative.
<h2 id="span-style-font-weight-400-the-first-multi-chain-meme-coin-span">The First Multi-Chain Meme Coin</h2>
Dogeverse (DOGEVERSE) is the first meme coin to reside on more than one chain. As such, the project brings an unprecedented level of utility to the vibrant meme coin space.
Not only can DOGEVERSE holders seamlessly transfer value across multiple networks, they can also take part in some of the most attractive yield generating opportunities on highly liquid networks. These blockchains include Solana, Ethereum, Polygon, BNB Chain, Avalanche and even Base.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Why limit to one when you can have it all? $DOGEVERSE begins on the secure <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> network, ensuring robust security and reliability. 🛡️💻
 🔥 Bridging gaps between <a href="https://twitter.com/hashtag/Cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cryptocurrency</a> ecosystems, we enhance liquidity, utility, and fun across the entire <a href="https://twitter.com/hashtag/Cryptoverse?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cryptoverse</a>! 🎉<a href="https://twitter.com/hashtag/AltSeason?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#AltSeason</a> <a href="https://t.co/zOg8albhry" rel="noopener noreferrer nofollow">pic.twitter.com/zOg8albhry</a>
 — DogeVerse (@The_DogeVerse) <a href="https://twitter.com/The_DogeVerse/status/1786380274797814267?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 3, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Investors won’t even need to leave the Dogeverse ecosystem to grow their holdings. In addition to being a great speculative opportunity, Dogeverse is also offering buyers at this early stage a native staking program with a competitive 62% APY.
<h2 id="span-style-font-weight-400-a-100x-opportunity-span">A 100X Opportunity?</h2>
Investors and traders are rushing to buy DOGEVERSE through its soon-to-end ICO. With more than $15 million sent to the token’s presale, the project’s team is offering one last chance to buy the meme coin before its official launch.
<iframe title="$DOGEVERSE PRESALE: LAST CHANCE TO BUY! $13 MILLION RAISED SO FAR AND STILL GOING UP!" width="640" height="360" src="https://www.youtube.com/embed/1eiPWE5L21c?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
An analyst from Crypto Mischief analyzed DOGEVERSE recently and said the scale of its fundraising shows ”the bull run is here.”&nbsp;
Anyone that wants to buy the crypto at this early stage before it’s too late can do so on its official website. Selling for $0.00031, DOGEVERSE can be bought using either ETH, BNB, MATIC, BASE, SOL or AVAX. USDT and bank cards can also be used to acquire the token.
<a href="https://insidebitcoins.com/visit/dogeverse" rel="noopener noreferrer nofollow">Purchase and stake DOGEVERSE here for up to 62% in annual rewards before it’s too late.</a>
<h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3>
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Shiba Inu Price Prediction As SHIB Soars 5% And Traders Rush to Buy Dogecoin Derivative Dogeverse Before It’s Too Late

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Inside Bitcoins

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