Shiba

bullish

Convergence

Shiba Inu

Divergence

As Shiba Inu (SHIB) celebrates its fourth anniversary this month, the cryptocurrency market watches closely for signs of its next major move. Despite recent challenges, including a 3% dip in the last 24 hours, SHIB’s dedicated community remains optimistic about its future prospects. While SHIB’s potential gains capture headlines, it’s worth noting other developments in the cryptocurrency space. Pawfury (PAW), a newcomer to the market, is currently conducting its presale. The project offers a multi-stage presale structure with increasing prices, aiming to reward early participants. Pawfury is even offering a 10% bonus for first-time buyers using the code “<a href="http://www.pawfury.com/?utm_source=cryptonewsflash&amp;utm_medium=article&amp;utm_campaign=direct&amp;utm_id=cnf_op_d">EXTRA10X</a>“. 
PAW: Crypto’s Latest Shining Star 
<img decoding="async" class="aligncenter size-medium wp-image-787734" src="https://www.crypto-news-flash.com/wp-content/uploads/2024/08/unnamed-2024-08-12T224754.944-300x70.png" alt="" width="300" height="70" srcset="//www.crypto-news-flash.com/wp-content/uploads/2024/08/unnamed-2024-08-12T224754.944-300x70.png 300w, //www.crypto-news-flash.com/wp-content/uploads/2024/08/unnamed-2024-08-12T224754.944-150x35.png 150w, //www.crypto-news-flash.com/wp-content/uploads/2024/08/unnamed-2024-08-12T224754.944-450x105.png 450w, //www.crypto-news-flash.com/wp-content/uploads/2024/08/unnamed-2024-08-12T224754.944.png 512w" sizes="(max-width: 300px) 100vw, 300px"><a href="http://www.pawfury.com/?utm_source=cryptonewsflash&amp;utm_medium=article&amp;utm_campaign=direct&amp;utm_id=cnf_op_d"> Presale is Live Now – Join Now for a Chance to Benefit with PAW</a> 
 Pawfury (PAW) is the new breakout coin of the year, capturing the attention of the cryptocurrency market with its innovative features and robust community support. This standout coin offers substantial benefits to crypto-savvy investors. Pawfury (PAW) is gaining traction rapidly, showcasing significant growth potential.&nbsp; 
<h3 id="b-javon-marks-speaks-on-shib-s-price-projections-b-span-style-font-weight-400-br-span-span-style-font-weight-400-br-span-span-style-font-weight-400-crypto-analyst-javon-marks-has-garnered-attention-with-a-bold-prediction-for-shib-s-future-marks-suggests-a-potential-354-surge-with-shib-possibly-reaching-a-price-of-0-000081-he-bases-this-forecast-on-what-he-describes-as-a-macro-hidden-bullish-divergence-in-shib-s-relative-strength-index-rsi-span-span-style-font-weight-400-br-span-span-style-font-weight-400-br-span-span-style-font-weight-400-shib-has-confirmed-a-macro-hidden-bullish-divergence-with-its-rsi-marks-stated-indicating-the-possibility-of-a-full-recovery-and-continuation-span-span-style-font-weight-400-br-span-span-style-font-weight-400-br-span-span-style-font-weight-400-at-the-time-of-writing-shib-trades-at-0-00001339-with-a-24-hour-trading-volume-of-316-580-978-its-current-market-cap-stands-at-7-890-783-531-with-a-circulating-supply-of-590-trillion-shib-span">Javon Marks Speaks on SHIB’s Price Projections Crypto analyst Javon Marks has garnered attention with a bold prediction for SHIB’s future. Marks suggests a potential 354% surge, with SHIB possibly reaching a price of $0.000081. He bases this forecast on what he describes as a “macro Hidden Bullish Divergence” in SHIB’s Relative Strength Index (RSI). “SHIB has confirmed a macro Hidden Bullish Divergence with its RSI,” Marks stated, indicating the possibility of a “full recovery and continuation.” At the time of writing, SHIB trades at $0.00001339, with a 24-hour trading volume of $316,580,978. Its current market cap stands at $7,890,783,531, with a circulating supply of 590 trillion SHIB.</h3> 
<figure id="attachment_787742" aria-describedby="caption-attachment-787742" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="wp-image-787742" src="https://www.crypto-news-flash.com/wp-content/uploads/2024/08/unnamed-2024-08-12T224801.080-300x223.png" alt="" width="635" height="472" srcset="//www.crypto-news-flash.com/wp-content/uploads/2024/08/unnamed-2024-08-12T224801.080-300x223.png 300w, //www.crypto-news-flash.com/wp-content/uploads/2024/08/unnamed-2024-08-12T224801.080-150x112.png 150w, //www.crypto-news-flash.com/wp-content/uploads/2024/08/unnamed-2024-08-12T224801.080-450x335.png 450w, //www.crypto-news-flash.com/wp-content/uploads/2024/08/unnamed-2024-08-12T224801.080.png 512w" sizes="(max-width: 635px) 100vw, 635px">
 <figcaption id="caption-attachment-787742" class="wp-caption-text">
 Source: TradingView
 </figcaption>
</figure> 
 The Moving Average Convergence Divergence (MACD) histogram shows a slight decrease in bearish momentum, with the MACD line beginning to converge towards the signal line. This could be an early sign of a potential bullish crossover, though confirmation is still needed. 
One factor drawing investor attention is SHIB’s increasing burn rate. Recent data shows a 17% increase in the burn rate over the last 24 hours. This reduction in supply could potentially lead to a short-term increase in SHIB’s price. 
Additionally, there has been a notable increase in SHIB’s net flow on exchanges, suggesting increased buying pressure, which may drive the price higher. 
<h3 id="b-conclusion-b-b-br-b-span-style-font-weight-400-br-span-span-style-font-weight-400-as-shib-moves-into-its-fifth-year-questions-remain-about-its-ability-to-achieve-the-dramatic-gains-predicted-by-some-analysts-while-technical-indicators-and-community-support-offer-promising-signs-the-broader-cryptocurrency-market-s-unpredictability-cannot-be-overlooked-investors-and-market-watchers-will-continue-to-monitor-shib-s-performance-closely-particularly-in-light-of-these-bullish-predictions-span">Conclusion As SHIB moves into its fifth year, questions remain about its ability to achieve the dramatic gains predicted by some analysts. While technical indicators and community support offer promising signs, the broader cryptocurrency market’s unpredictability cannot be overlooked. Investors and market watchers will continue to monitor SHIB’s performance closely, particularly in light of these bullish predictions. </h3>

Shiba Inu Eyes Potential 354% Gain as It Marks Fourth Anniversary

Table of Contents

Crypto News Flash

Other articles published on Aug 12, 2024

The Reasons Behind Bitcoin's Recent Market Downturn

Zeus Network Launches Final Testnet, 15K Wallets Connected in 72 Hours

Binance Labs Announces Second Cohort of Season 7 Incubation Program: Aarc, FluxLayer, and Ton Ton...

Coinbase List Gravity

Space and Time Appoints Former Bitstamp Legal Chief Rika Khurdayan as Chief Legal Officer

Can $JUP, $ONDO, $XTZ, $MNT, $SUI, and $OM Reclaim the $1 Mark?

Join our free newsletter for daily crypto updates!