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Why is SHIB Price Dropping Despite Support?

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Shiba Inu (SHIB) is at a crossroads again, raising big questions for traders:  Is a bounce around the corner or are whales signaling a deeper decline?  Here’s a closer look at SHIB's current status and a short-term Shiba Inu  price prediction  based on market trends and on-chain activity. Price Holds Key Support—But for How Long? At the time of writing, SHIB trades at $0.00001275 after a modest 1.47% intraday dip and a marginal weekly decline of 0.16%. It’s been ranging between $0.00001274 and $0.00001360 in the past 24 hours. Notably, the 9-day Simple Moving Average (SMA) has flattened near $0.00001274—signaling that SHIB is testing a key support zone. If the price closes below this mark, we may see a drop to the psychological support at $0.00001200. However, a potential double-bottom pattern near $0.00001200 could hint at a reversal if SHIB holds above $0.00001270. Whale Activity Signals Caution On-chain data shows troubling signs. Whales are steadily reducing thei...
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Can ETH reach $2,660 this month?

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As of now, Ethereum (ETH) is priced at $2,536.72 as per Coinpedia Markets , reflecting a 24-hour gain of 3.03%. This positive movement has sparked interest among traders and investors alike, particularly regarding ETH price prediction , with key resistance levels to watch closely. Key Price Targets Initial Resistance:  The breakout above $2,550 is crucial for further gains. If confirmed, the first target is expected to be around $2,580. Next Target:  Should ETH surpass $2,580, it could potentially reach $2,660, translating to nearly a 7% increase from current levels. Invalidation Point:  A decline back below $2,500 would invalidate the breakout scenario, indicating a possible false move. Future Projections A decisive move above $2,550 could drive ETH towards the $2,580 resistance level. If this level is broken, Ether may rise to around $2,620 in the near term, with further hurdles near $2,650 ...
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Is Pepe set for a massive breakout?

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In less than 24 hours, something big is expected to shake the entire cryptocurrency market, and Pepecoin  could be at the center of this storm. We’re going to break down the key factors driving this potential shift, from interest rate cuts to major players like Bitcoin and Binance. Let’s dive in. 1. FOMC Meeting: The Calm Before the Storm The crypto market seems quiet right now, but it's likely the calm before the storm. The Federal Open Market Committee (FOMC) is about to announce a key decision on interest rates, and this could rock the market. This will be the first possible rate cut since March 2022. Predictions are all over the place. Some think it could be a 25 or 50 basis point cut, while others speculate no change at all. Historically, lower rates drive up asset prices, including Bitcoin, which could mean a rally in altcoins like Pepe. 2. Impact on Pepe and Bitcoin The interest rate decision will have a ripple effect on the broader market, especially on Bitcoin, which tend...
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