â Breakout Watch: A confirmed move above $0.1600 with strong volume could signal a bullish breakout. â Support Zone: Maintaining support above $0.1500 is crucial for upward momentum. â RSI & Volume: An RSI above 60 coupled with increasing volume may indicate strengthening bullish momentum. â Risk Management: Adhere to stop-loss levels and adjust positions based on evolving market conditions.
If the price falls to 27.20 or 26.86 and shows signs of a bounce (green candles with rising volume), it could be a good buying opportunity. Sell Signal:
If the price rises to 28.00 or 28.30 and struggles to break these resistance levels, it would be a selling opportunity. Short-Term Strategy: For Buyers: Wait for the price to test the support zone (27.20 or lower). Look for confirmation of reversal, such as MACD turning positive or SAR shifting below the price. For Sellers: If the price rebounds to 28.00 without significant volume, consider selling to lock in profits. Set a stop-loss slightly above 28.30. Risk Management:
Use stop-loss at 27.00 if you enter a buy position. For a short position, use stop-loss above 28.50. Parabolic SAR: The SAR dots are now above the price, indicating a bearish trend. MACD: The MACD line has crossed below the signal line, confirming bearish momentum. The histogram is negative, signaling continued downward pressure. Volume: Volume has significantly decreased, suggesting weaker market participation. Support and Resistance Levels: Support: Strong support appears around 27.20 and 26.86. Resistance: Immediate resistance is at 28.00 and further at 28.30. #JUPBuybacks #USTaxExemptionPlan #TrumpMarketInsights TrumpMarketInsights
Shiba Inu: Machine Learning AI Predicts SHIBâs Price for March 31
As the cryptocurrency market continues to maintain its bullish momentum, the famous dog-themed meme coin Shiba Inu (SHIB) is no exception. Machine learning and artificial intelligence (AI) algorithms are predicting further advances for the âDogecoin (DOGE) killerâ in the near future, fueling excitement among investors and enthusiasts alike.
According to the most recent data retrieved from the crypto analytics and forecasting platform PricePredictions, an advanced price projecting algorithm anticipates the price of Shiba Inu to reach $0.000043 by March 31, 2024.
ChatGPT Predicts 300% Surge In SHIB Prices In Q2 2024
As per the price analysis of the above image by OpenAIâs ChatGPT, the Shiba Inu meme coin is about to explode in the coming quarter. Using the Fib levels, the AI predicts a 308% jump considering the SHIB price approaches the $0.00042404 mark.Â
However, it is the most bullish case. In a conservative approach, GPT predicts a potential move in Shiba Inu to $0.00026156 at the 2.618 Fib level, which would account for a 151% surge.
How Much Needed to Make $15M, $25M, and $50M if Shiba Inu Hits $0.06
The chances of Shiba Inu reaching a lofty price like $0.06 are quite low, but this has not stopped some proponents from holding discussions around the target. If the $0.06 price ever materializes, an investor holding 250,000,000 (250 million) SHIB would rake in $15 million.
Interestingly, the 250 million SHIB currently goes for $8,387. Meanwhile, for a $25 million investment, market participants must hold 416,666,666 (416.66 million) Shiba Inu tokens when SHIB reaches the $0.06 target. These tokens are currently worth $13,979.
Ultimately, if an investor seeks to secure $50 million at a SHIB price of $0.06, they would need to hold 833,333,333 (833.3 million) tokens, currently valued at $27,958. Nonetheless, while these price targets have the potential to deliver massive returns, there is no guarantee that SHIB can hit any of them.