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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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Analysts Hint at Bull Rally Ahead – Could ADA Be Worth $1 Soon?

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  First Legally Enforceable Contract : Cardano has achieved a significant milestone by hosting its first legally enforceable contract. This agreement, signed in Argentina, is governed by local jurisdiction. As investors consider the implications, the  Cardano price prediction  becomes a focal point in discussions about its future Loan Agreement Details : The contract involves a loan of 10,000 ADA, signed by Cardano ambassadors Mauro Andreoli and Lucas Macchia. The terms include a down payment of $3,380 and a repayment period of four months at a 10% annual percentage rate (APR). Current Market Performance Current Price Movement : ADA is consolidating below the 50-day simple moving average (SMA) at $0.35486. Long-Term Outlook : After reaching a peak of $1 in April 2022, ADA is striving to regain its previous highs. Experts remain hopeful that Cardano could reach $1 by Q1 2025, as the ecosystem continues to evolve. Volatility in 2024 : Like many altcoins, ADA has experienced...
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