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Cryptocurrency News Articles

Shiba Inu (SHIB) Price and Resistance

Nov 15, 2024 at 03:49 pm

Shiba Inu (SHIB) has gone up over 47% in the last week and is now over $16 billion market cap. SHIB is one of the top performers of the last few days.

Shiba Inu (SHIB) Price and Resistance

Shiba Inu (SHIB) has seen a 47% gain in the last week and is now over $16 billion market cap. But SHIB may be running into resistance as it consolidates.

SHIB is up 49% in the last month and at $0.000027, but some indicators are showing a pullback coming. RSI is 76, indicating “overbought” territory.

Another meme coin, FLOKI, has gone parabolic with a 18% gain in one day and 60% in the past week. This is due to FLOKI breaking out of a bullish triangle; a chart pattern that suggests more upside.

If it can get past $0.00022, FLOKI can aim for its all-time high of $0.0003462.

But market signals are mixed. Whale activity is neutral, with big holders both buying and selling. Retail is taking profits, with a spike in active addresses and $587,290 in long liquidations indicating that retail is hesitant to hold this rally.

DTX Exchange (DTX) is gaining traction with a hybrid exchange model.

While SHIB and FLOKI get all the attention, DTX Exchange (DTX) is quietly gaining traction. A hybrid exchange model combining centralized and decentralized features, DTX Exchange (DTX), gives users more flexibility, better security and a more intuitive trading experience.

This unique positioning has attracted over 100,000 users, many of whom are drawn to DTX’s user-centric programs. Analysts are bullish on DTX Exchange (DTX) with projections of up to 75X increase in valuation post presale.

DTX Exchange (DTX) had $7.38 million in recent whale inflows as it gets closer to its full launch. This whale activity bodes well for the platform’s future prospects.

Conclusion

SHIB, FLOKI and DTX Exchange are all part of a wild crypto market with opportunity and volatility.

SHIB’s upmove might be getting overbought, and we should be cautious. FLOKI’s breakout is looking good, but whale and retail activity is mixed, so volatility could continue.

DTX Exchange (DTX) has strong whale support and rapid user growth, and it looks like a serious player in the exchange space.

For investors, it’s all about balance. Meme coins like SHIB and FLOKI offer high returns but are super volatile and need to be managed. DTX Exchange (DTX), with its hybrid model and focus on user benefits, is a good option for those looking for stability in a fast-moving space. As the crypto market matures, projects like DTX will be the foundation, offering innovation and reliability in the meme coin hype.

For more information, visit the Visit DTX Website, Buy Presale, or Join The DTX Community.

News source:themerkle.com

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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