Shiba Inu Price Prediction: Top Gainer SHIB Soars 80% As Altcoin Season Erupts And Experts Say This New Solana Meme Coin Could Be The Next Bonk

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The Shiba Inu worth soared 80% within the final 24 hours to commerce at $0.00003560 as of 00:14 a.m. EST on buying and selling quantity that surged 307% to $13.35 billion.

This comes as SHIB emerges as the highest gainer and ranks among the many high performers within the meme coin sector, rallying alongside its friends, together with DOGE, PEPE, BONK, and FLOKI. The surge coincides with an ongoing meme coin mania, as tokens publish double-digit positive aspects on the every day body and triple-digit positive aspects in every week.

Shiba Inu Worth Set For A Rebound Over The Bullish Pennant

Shiba Inu Chart Analysis Source: TradingView.com — shiba USD Chart Evaluation Supply: TradingView.com

The Shiba Inu worth has breached the $0.000030 psychological threshold because the bulls maintain the bullish momentum to succeed in the $0.000045 resistance. Nonetheless, the bears could have held management of the value, permitting SHIB to retrace and commerce inside the decrease boundary of the bullish pennant.

SHIB is at the moment buying and selling above each the 50-day and 200-day Easy Shifting Averages (SMAs), a affirmation of the present bullish momentum.

Moreover, the Relative Power Index (RSI) is at the moment above the 50-midline degree at 54. If the bulls maintain the optimistic momentum, it might take the RSI to the overbought area, a sign of continued investor optimism.

The Shifting Common Convergence Divergence (MACD) additionally helps bullish sentiments because the shifting common line (blue) crosses above the sign line (orange), representing a bullish crossover. A bullish crossover is usually an encouragement for buyers to take extra purchase positions, with the value set to soar even increased.

Furthermore, the inexperienced bars on the histogram prolong over the zero line, which signifies that the SHIB worth is on a optimistic trajectory. The Common Directional Index (ADX) is above degree 20, at the moment at 46, which reveals that SHIB is at the moment on a really sturdy bullish pattern.

Shiba Inu Worth Prediction: $0.00005 In Sight

The Shiba Inu worth evaluation reveals that SHIB is on bullish momentum, with the ADX and MACD supporting the bullish prospects. The bulls are aiming to rebound the value, breaching the higher boundary of the pennant as they goal for $0.00005, clearing resistances at $0.000040 and $0.00004485.

On the flipside, if the bears take management of the value, they may drive the value by a retrace, which might see SHIB pull again to $0.000027, coinciding with the 50-day SMA.

In the meantime, many buyers are diversifying their meme coin portfolios with Smog, a mission that guarantees to launch the mom of all airdrops on the Solana blockchain.

Smog Poised To Be The Subsequent BONK, 100X Features Alternative

Since its debut on the Jupiter change in early February, Smog has been gaining traction, because it goals to dominate Solana-based meme coin titans together with BONK, WIF, and MYRO. It’s slogan, “One meme coin to rule all of them,” displays its audacious ambition.

One #Memecoin to rule all of them! 🚀

Prepare for the best #Airdrop in historical past, distributed on #Solana. 💰

Be part of #SMOG on Zealy! 🔥

Hyperlink in Bio 🔗 pic.twitter.com/vsn4p5cSF4

— SMOG (@SMOGToken) February 8, 2024

Because the mission goals to surpass the earlier Solana airdrops, the event workforce has already allotted 35% of its 1.4 billion token provide for that function. The workforce says the airdrop will likely be ”the best in historical past.”

Smog Chart Analysis Source: Geckoterminal.com — smog

Smog continues to surge. It’s soared 114% improve within the final seven days and hit an all-time excessive of $0.12 earlier than retracing again to the present worth of $0.1118.

The token has amassed over 40,000 holders and has a market capitalization of $87 million, a testomony to the rising buzz across the token.

Purchase And Stake $SMOG, Qualify For The Greatest Airdrop

To be eligible for the Smog airdrop, there are two predominant methods. The best method is so that you can purchase and maintain Smog tokens in your pockets.

You too can take part by finishing totally different every day duties, the place you accumulate airdrop factors, managed by Zealy. Airdrop members on the platform have already accomplished over 800,000 quests.

Smog can also be airdropping $1,500 price of $SMOG by airdrop distributions every day to BONK, WIF, MYRO, and SAMO holders.

You too can earn passively by Smog’s staking possibility by staking $SMOG for a powerful 42% annual proportion yield (APY).

In response to Jacob Bury, a crypto analyst and YouTuber, Smog has the potential to surge 100X.

You should buy the SMOG token on the official web site to qualify for the historic airdrop. There’s additionally a ten% low cost once you purchase and stake $Smog.