Shiba Inu Price Prediction: As Altcoin Season Begins, Top Gainer SHIB Surges 80%, Experts Say This New Solana Meme Coin Could Be the Next Bonk.

Shiba Inu prices have skyrocketed by 80% in the last 24 hours. Traded for $0.00003560 As of 0:14 AM EST, trading volume had increased 307% to $13.35 billion.

This comes as SHIB establishes itself as one of the top gainers and best performers in the meme coin sector, alongside peers including DOGE, PEPE, BONK, and FLOKI. The surge coincides with ongoing meme coin mania, with the token recording double-digit gains in daily frames and triple-digit gains in a week.

Shiba Inu Price Set for Rebound Against Bullish Pennant

Shiba Inu price broke the $0.000030 psychological threshold as the bulls maintained the bullish momentum to reach the $0.000045 resistance. However, the bears may have controlled the price, allowing SHIB to trade back within the lower boundary of the bullish pennant.

SHIB is currently trading above its 50-day and 200-day simple moving average (SMA), confirming its current bullish momentum.

Additionally, the Relative Strength Index (RSI) is currently at 54, crossing the mid-line of 50. If the bulls maintain positive momentum, the RSI could head into overbought territory, indicating continued investor optimism.

The moving average convergence divergence (MACD) also supports bullish sentiment as the moving average line (blue) crosses above the signal line (orange), indicating a bullish crossover. A bullish crossover often encourages investors to take more long positions, pushing the price even higher.

Additionally, the green bar in the histogram extends above the zero line, indicating that SHIB price is on a positive trajectory. The Average Directional Index (ADX) is currently above the 20 level and is at 46, showing that SHIB is currently in a very strong bullish trend.

Shiba Inu Price Prediction: $0.00005 Attention

According to Shiba Inu price analysis, SHIB is showing bullish momentum, with ADX and MACD supporting the bullish outlook. Bulls are targeting $0.00005 to trigger a price rebound by breaking the upper boundary of the pennant and eliminating resistance at $0.000040 and $0.00004485.

Conversely, if bears take control of the price, a retracement could push the price up, which could push SHIB back towards $0.000027, in line with its 50-day SMA.

Meanwhile, many investors are diversifying their meme coin portfolios through Smog, a project that promises to launch all airdrops on the Solana blockchain.

Smog will be the next BONK, 100X gets a chance

After debuting on the Jupiter Exchange in early February, smog It aims to dominate Solana-based meme coin titans such as BONK, WIF, and MYRO, and is gaining attention. The slogan “One meme coin to rule them all” reflects its bold ambition.

one #memecoin To rule them all! 🚀

Get ready for the best moment #airdrop Distributed in History #Solana. 💰

join #smog From Jilly! 🔥

Profile link 🔗 pic.twitter.com/vsn4p5cSF4

— Smog (@SMOGToken) February 8, 2024

As the project aims to surpass the previous Solana airdrop, the development team has already allocated 35% of the 1.4 billion token supply for that purpose. The team said the airdrop would be the “largest in history.”

Smog continues to surge. It has risen 114% over the past seven days to hit an all-time high of $0.12 before falling back to its current price of $0.1118.

The token has over 40,000 holders and a market capitalization of $87 million. This proves that interest in the token is growing.

Buy and stake $SMOG to receive maximum airdrop

There are two main ways to receive smog airdrops. The easiest way is: Buy and hold Smog tokens In your wallet.

You can also participate by completing various daily tasks to earn airdrop points managed by Zealy. Airdrop members on the platform have already completed more than 800,000 quests.

Smog is also airdropping $1,500 worth of $SMOG through daily airdrop distribution to BONK, WIF, MYRO and SAMO holders.

You can also earn passively through Smog’s staking options. $SMOG Staking Achieved an impressive Annual Percentage Yield (APY) of 42%.

According to cryptocurrency analyst and YouTuber Jacob Bury, Smog has the potential to surge 100x.

You can purchase SMOG tokens. official website To qualify for the historic airdrop, purchase and stake $Smog and you will also receive a 10% discount.

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