Shiba Inu Team Teases ‘Next Big Thing’ As ‘Big Money’ Eyes SHIB
January 24 2024 - 1:00PM
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Shiba Inu marketing lead Lucie has ignited the community’s
excitement with a teaser about the project’s future. On X, the
platform that has taken the place of Twitter, Lucie dropped a
tantalizing hint about what’s to come for the Shiba Inu ecosystem.
Her message, shrouded in mystery, suggests a bullish future while
details remain undisclosed. Lucie teased, “I can’t disclose
specifics, but if you possess basic blockchain skills and
understand the Shibarium process, you can anticipate what’s ahead.”
Lucie continued by highlighting the interest from significant
investors: “Big investors are now putting their money into the next
big thing.” She also shared an intriguing viewpoint on investment,
“A fun fact: real art is finding the gem before anyone else.” She
also expressed her confidence in the project’s trajectory,
emphasizing the commitment of the team: “I believe in our hard work
and persistence; winning is the only option.” She mentioned
Shibarium (BONE), LEASH and SHIB in reference to the tokens within
the Shiba Inu ecosystem, suggesting that one or more of these
tokens will be central to what’s coming next. Related Reading:
Shiba Inu Ecosystem Soars: Shibarium Hits Crucial Milestone In
conclusion to her message, Lucie reminded the community of the
personal nature of investment goals and the relationship between
investment and potential returns: “But remember, each of us has
different goals, and how much you invest determines how much profit
you collect.” She encouraged realistic goal setting and wished
everyone luck: “Set your bar realistically, and let’s see how it
goes. Good luck to everyone on their journey with Shiba Ecosystem
or any other project!” Shiba Inu Price Holds Key Support
Transitioning to the technical analysis of Shiba Inu’s price
action, the weekly chart reveals a number of critical insights. The
chart below displays the SHIB/USD pair on a weekly timeframe,
offering a broad view of market sentiment and price trends. The
price is currently hovering above a crucial support level, as
indicated by the recent candles sitting atop the Fibonacci
retracement level of 0.236, priced at $0.00000878. This zone is
pivotal as it represents a potential reversal area where buyers
have previously stepped in. The descending trend line, drawn from
the highs of August 2022, was broken in December 2023, suggesting a
shift in the market structure. However, the price has since
retested this line, now acting as support. The EMA (Exponential
Moving Average) lines — 20 (red) and 50 (orange) — are of
particular interest. Within the last three weeks, SHIB couldn’t
close above the EMA50 ($0.00000975) and is currently trading below
the EMA50 ($0.00000904). A weekly close above the latter could be a
bullish sign. Notably, the price has been making lower highs,
indicative of a downtrend, but the recent support hold above the
blue trend line and the 0.236 Fib could be a sign of potential
bullish momentum. Related Reading: Shiba Inu Whales Eat The Dip:
2.39 Trillion SHIB Make Their Way To Cold Storage The volume
profile shows no significant spikes, indicating a lack of strong
buying or selling pressure at the current levels. The RSI (Relative
Strength Index) sits just above the midline at 54.71, which does
not denote an overbought or oversold market, aligning with the
consolidation narrative. Key resistance levels to watch are the
Fibonacci levels of 0.382 ($0.00001049) and 0.5 ($0.00001188). A
break above these could signal a stronger recovery. Conversely, if
the price falls below the current support, the next level to watch
would be $0.0000715. Featured image from Shutterstock, chart from
TradingView.com
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