Shiba Inu Struggle Continues As Altcoins Rally With Over 70% Gain; Here Is Why

newsbtcPublished on 2022-11-04Last updated on 2022-11-04

Abstract

SHIB's price shows much strength after breaking out from its long-range channel movement.   SHIB trade with good volume, breaking out from a range channel as the price eyes a rally...

SHIB’s price shows much strength after breaking out from its long-range channel movement.  

  • SHIB trade with good volume, breaking out from a range channel as the price eyes a rally past to a region of $0.0000135. 
  • SHIB’s price remains strong on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA) but faces resistance at 200 EMA.

Shiba Inu (SHIB) price showed some great price action as the price rallied, trying to mimic the price of DOGE after seeing the price of DOGE rally by over 150%. The price of Shiba Inu (SHIB) tried to replicate this rally as the price broke out from its long-range movement, but the price has recently struggled. The crypto market has enjoyed a bit of relief across all assets, with Bitcoin (BTC) showing great traction, rallying and dragging the market. Shiba Inu’s price (SHIB) is calmer in terms of price movement. (Data from Binance)
Shiba Inu (SHIB) Price Analysis On The Weekly Chart
The past week has seen many altcoins continue to produce over 200% gains over the past 7 days of breaking out of their range-bound movement, as many believe more hope could be settling into the crypto space once more. 
The new week has looked more promising for some altcoins, like A MASK rallying over 200% in less than 7 days, showing the price action and volume for buy orders. The price of SHIB has yet to live up to the expectations expected of this great memecoin.
After dropping from its high of $0.00008 some months back, the price of SHIB has struggled to pull off a rally that has left many in euphoria just like other memecoins, with many faithful hoping SHIB joins the part soon. 
The price of SHIB saw its trade at a low of $0.00000850 on the weekly chart; the price swiftly bounced from this region as the price rebounded to a region of $0.000015, where it was rejected to a region of $0.000011.
Weekly resistance for the price of SHIB – $0.000014.
Weekly support for the price of SHIB – $0.000011.
Price Analysis Of SHIB On The Daily (1D) Chart

Daily SHIB Price Chart | Source: SHIBUSDT On Tradingview.com In the daily timeframe, the price of SHIB continues to look strong as the price holds above the range channel it broke out of as bulls continue to defend this region from bears taking over prices and pushing the price back into its range movement.   
SHIB currently trades at $0.0000119, just above its key support formed on the daily timeframe after successfully breaking out of its range channel with good volume. 

The price of SHIB continues to look strong as it holds above the range channel after its breakout; SHIB’s price needs to reclaim $0.0000145 to ignite any relief; trading close to the range channel is not a good sign for SHIB prices.
Daily resistance for the SHIB price – $0.000014.
Daily support for the SHIB price – $0.000011.

Trending Cryptos

ctr
CitreaCTR
wstusdt
wrapped stUSDTWSTUSDT
apr
aPrioriAPR
ctx
Cryptex FinanceCTX
audio
AudiusAUDIO
mantra
MantraMANTRA
waxl
AxelarWAXL
bill
Billions NetworkBILL
pyth
PYTH (Pyth)PYTH
rune
THORChainRUNE
velodrome
Velodrome FinanceVELODROME
brev
BrevisBREV
zrx
ZRX（0X）ZRX
cake
PancakeSwapCAKE
jst
JUSTJST

Related Reads

A New Era Begins in Institutional Crypto Investing: Morgan Stanley Introduces Investors to Two Giant Altcoins!

Morgan Stanley, the American investment giant, continues its expansion into cryptocurrency-related investment products. Its investment management division announced the launch of two new ETFs focused on Ethereum ($ETH) and Solana ($SOL), which have begun trading on the NYSE Arca exchange as the Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL). These products track the price movements of Ethereum and Solana, respectively, following the firm's earlier launch of a Bitcoin Trust. A key differentiating feature of these new offerings is their support for staking. Morgan Stanley aims to provide investors with additional yield by staking a portion of the underlying Ethereum and Solana assets and has stated it will not retain any portion of the staking rewards generated. The launch is part of the firm's efforts to broaden its product portfolio to meet investor demand.

cryptonews.ru48m ago

A New Era Begins in Institutional Crypto Investing: Morgan Stanley Introduces Investors to Two Giant Altcoins!

cryptonews.ru48m ago

Arthur Hayes Buys Another $6.39 Million Worth of ETH, Despite $301,000 Paper Loss: Here's What He's Betting On

Despite a paper loss of $301,000 on his existing holdings, Arthur Hayes, former BitMEX CEO and CIO of Maelstrom, purchased an additional $6.39 million worth of ETH. According to Lookonchain, his total purchases since July 15 amount to 7,213 ETH ($13.87 million) at an average entry price of $1,923. This marks a sharp reversal from June, when a wallet linked to him sold 6,000 ETH at a $606,000 loss. Hayes is known for his volatile trading shifts based on macroeconomic views, consistently maintaining a bullish long-term outlook for crypto. His latest buying spree coincides with a broader ETH recovery and a notable surge in institutional demand, with Ethereum ETFs significantly outpacing Bitcoin ETFs in weekly inflows recently.

cryptonews.ru50m ago

Arthur Hayes Buys Another $6.39 Million Worth of ETH, Despite $301,000 Paper Loss: Here's What He's Betting On

cryptonews.ru50m ago

Chats with Claude Containing Crypto Wallet Keys Found in Google Search Results

A Reddit user discovered on July 25th that a Google search for `site:claude.ai/share` revealed hundreds of users' shared conversations with Anthropic's Claude AI. Among the indexed chats were sensitive data, including a cryptocurrency wallet seed phrase, API keys, resumes with personal details, and numbers resembling U.S. Social Security numbers. This occurred because the platform's "Share" function, which creates public links, lacked a `noindex` meta-tag to prevent search engines from crawling the pages. Although Anthropic's `robots.txt` file blocked crawlers, Google still indexed links found elsewhere online, leading to exposure. Publicly shared "artifacts" (like documents and dashboards) were also found, containing internal company data. Following the discovery, Anthropic added `noindex` and `nofollow` tags, and Google began removing the pages. However, copies of the chats had already been archived on sites like GitHub. Anthropic stated users control sharing and links cannot be found unless shared directly. This incident mirrors a similar event at OpenAI in August 2025, where a "Make this chat searchable" feature inadvertently exposed conversations. It highlights recurring privacy vulnerabilities with shared AI chatbot outputs.

cryptonews.ru51m ago

Chats with Claude Containing Crypto Wallet Keys Found in Google Search Results

cryptonews.ru51m ago

A New Era for Bitcoin and Altcoins Begins in Russia: Central Bank Publishes Draft Regulations!

Russia is taking significant steps to prepare for a new era in its cryptocurrency sector. Following the State Duma's recent approval of a bill regulating Bitcoin and altcoins, the Central Bank of Russia has published a draft framework to establish the first legal basis for systematic crypto trading in the country. This framework, an extension of the crypto market law expected to take effect in September, outlines procedures for buying and selling digital assets and sets key rules for their custody. It proposes that crypto custodians must maintain a capital of 50 to 250 million rubles (over $3 million USD) and meet additional requirements for storage and record-keeping. Furthermore, cryptocurrency exchanges will be allowed to define their own trading procedures and calculate weighted average prices for assets traded on their platforms. The Central Bank will also maintain a register of institutions authorized to hold digital deposits.

cryptonews.ru1h ago

A New Era for Bitcoin and Altcoins Begins in Russia: Central Bank Publishes Draft Regulations!

cryptonews.ru1h ago

PayPal expands stablecoin push as crypto assets factor into Q2 results

Global payments giant PayPal reported its second-quarter earnings, highlighting stablecoins and AI-driven payment tools as key strategic focuses, while also noting crypto assets affected its earnings. Q2 earnings were $1.26 per share, slightly below estimates of $1.28, but revenue of $8.68 billion exceeded expectations. The company recorded an $81 million adjustment related to gains and losses from strategic investments and crypto assets, which it excludes from its non-GAAP results as these are not actively traded. PayPal is expanding its efforts in areas like agentic payments, stablecoins, and biometric technologies, leveraging its existing payments network and infrastructure. Additionally, its PayPal World platform facilitated around $200 million in payment volume between Venmo and PayPal.

cointelegraph1h ago

PayPal expands stablecoin push as crypto assets factor into Q2 results

cointelegraph1h ago

Trading

Spot

Hot Articles

What is $BITCOIN

DIGITAL GOLD ($BITCOIN): A Comprehensive Analysis Introduction to DIGITAL GOLD ($BITCOIN) DIGITAL GOLD ($BITCOIN) is a blockchain-based project operating on the Solana network, which aims to combine the characteristics of traditional precious metals with the innovation of decentralized technologies. While it shares a name with Bitcoin, often referred to as “digital gold” due to its perception as a store of value, DIGITAL GOLD is a separate token designed to create a unique ecosystem within the Web3 landscape. Its goal is to position itself as a viable alternative digital asset, although specifics regarding its applications and functionalities are still developing. What is DIGITAL GOLD ($BITCOIN)? DIGITAL GOLD ($BITCOIN) is a cryptocurrency token explicitly designed for use on the Solana blockchain. In contrast to Bitcoin, which provides a widely recognized value storage role, this token appears to focus on broader applications and characteristics. Notable aspects include: Blockchain Infrastructure: The token is built on the Solana blockchain, known for its capacity to handle high-speed and low-cost transactions. Supply Dynamics: DIGITAL GOLD has a maximum supply capped at 100 quadrillion tokens (100P $BITCOIN), although details regarding its circulating supply are currently undisclosed. Utility: While precise functionalities are not explicitly outlined, there are indications that the token could be utilized for various applications, potentially involving decentralized applications (dApps) or asset tokenization strategies. Who is the Creator of DIGITAL GOLD ($BITCOIN)? At present, the identity of the creators and development team behind DIGITAL GOLD ($BITCOIN) remains unknown. This situation is typical among many innovative projects within the blockchain space, particularly those aligning with decentralized finance and meme coin phenomena. While such anonymity may foster a community-driven culture, it intensifies concerns about governance and accountability. Who are the Investors of DIGITAL GOLD ($BITCOIN)? The available information indicates that DIGITAL GOLD ($BITCOIN) does not have any known institutional backers or prominent venture capital investments. The project seems to operate on a peer-to-peer model focused on community support and adoption rather than traditional funding routes. Its activity and liquidity are primarily situated on decentralized exchanges (DEXs), such as PumpSwap, rather than established centralized trading platforms, further highlighting its grassroots approach. How DIGITAL GOLD ($BITCOIN) Works The operational mechanics of DIGITAL GOLD ($BITCOIN) can be elaborated on based on its blockchain design and network attributes: Consensus Mechanism: By leveraging Solana’s unique proof-of-history (PoH) combined with a proof-of-stake (PoS) model, the project ensures efficient transaction validation contributing to the network's high performance. Tokenomics: While specific deflationary mechanisms have not been extensively detailed, the vast maximum token supply implies that it may cater to microtransactions or niche use cases that are still to be defined. Interoperability: There exists the potential for integration with Solana’s broader ecosystem, including various decentralized finance (DeFi) platforms. However, the details regarding specific integrations remain unspecified. Timeline of Key Events Here is a timeline that highlights significant milestones concerning DIGITAL GOLD ($BITCOIN): 2023: The initial deployment of the token occurs on the Solana blockchain, marked by its contract address. 2024: DIGITAL GOLD gains visibility as it becomes available for trading on decentralized exchanges like PumpSwap, allowing users to trade it against SOL. 2025: The project witnesses sporadic trading activity and potential interest in community-led engagements, although no noteworthy partnerships or technical advancements have been documented as of yet. Critical Analysis Strengths Scalability: The underlying Solana infrastructure supports high transaction volumes, which could enhance the utility of $BITCOIN in various transaction scenarios. Accessibility: The potential low trading price per token could attract retail investors, facilitating wider participation due to fractional ownership opportunities. Risks Lack of Transparency: The absence of publicly known backers, developers, or an audit process may yield skepticism regarding the project's sustainability and trustworthiness. Market Volatility: The trading activity is heavily reliant on speculative behavior, which can result in significant price volatility and uncertainty for investors. Conclusion DIGITAL GOLD ($BITCOIN) emerges as an intriguing yet ambiguous project within the rapidly evolving Solana ecosystem. While it attempts to leverage the “digital gold” narrative, its departure from Bitcoin's established role as a store of value underscores the need for a clearer differentiation of its intended utility and governance structure. Future acceptance and adoption will likely depend on addressing the current opacity and defining its operational and economic strategies more explicitly. Note: This report encompasses synthesised information available as of October 2023, and developments may have transpired beyond the research period.

1.1k Total ViewsPublished 2025.05.13Updated 2025.05.13

What is $BITCOIN

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of BTC (BTC) are presented below.

活动图片

Top Questions