{"id":127254,"date":"2024-11-18T12:09:45","date_gmt":"2024-11-18T05:09:45","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=127254"},"modified":"2024-11-18T12:09:45","modified_gmt":"2024-11-18T05:09:45","slug":"shiba-inu-forms-golden-cross-but-these-challenges-crop-up","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=127254","title":{"rendered":"Shiba Inu forms Golden Cross, but THESE challenges crop up"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<div class=\"single-post-author\">\n<div class=\"single-post-author-top\">\n<p>\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" data-del=\"avatar\" alt=\"Avatar\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/IMG_20221216_232515-scaled-e1687171787353-80x80.jpg.webp\" class=\"avatar pp-user-avatar avatar-48 photo \" height=\"48\" width=\"48\"\/><\/p>\n<p>Journalist<\/p>\n<\/p><\/div>\n<p>\t\t\t\t\t\t\t\t\t\t<span class=\"mvp-post-date updated\">Posted: <time class=\"post-date updated\" itemprop=\"datePublished\" datetime=\"2024-11-18\">November 18, 2024<\/time><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t<meta itemprop=\"dateModified\" content=\"2024-11-17 5:34 pm\"\/><\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div>\n<ul>\n<li><em><span style=\"font-weight: 400;\">SHIB has exhibited a volatile price trend in the last few days.<\/span><\/em><\/li>\n<li><em><span style=\"font-weight: 400;\">No definite support has formed due to the volatility.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/ambcrypto.com\/category\/shiba-inu-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Shiba Inu [SHIB]<\/a> has captured market attention following its recent golden cross formation on the daily chart. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">While this technical indicator typically signals bullish momentum, SHIB\u2019s price has faced a sharp correction, prompting speculation about its next support levels. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s a closer look at the factors influencing SHIB\u2019s price and its potential trajectory.<\/span><\/p>\n<h2><b>Shiba Inu\u2019s Golden Cross<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">On the SHIB\/USD daily chart, a golden cross\u2014where the 50-day moving average crosses above the 200-day moving average\u2014emerged, hinting at a possible bullish breakout. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, after peaking at $0.00002622, <a href=\"https:\/\/ambcrypto.com\/whale-moves-99m-in-shiba-inu-is-a-market-correction-imminent-for-the-memecoin\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Shiba Inu<\/a> saw a significant pullback, dropping to its press time level of $0.00002453, down 4.07% in the past 24 hours.<\/span><\/p>\n<div id=\"attachment_443408\" style=\"width: 1803px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-17_08-09-33.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-443408\" class=\"size-full wp-image-443408\" alt=\"Shiba Inu price trend\" width=\"1793\" height=\"741\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-17_08-09-33.png 1793w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-17_08-09-33-300x124.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-17_08-09-33-1024x423.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-17_08-09-33-768x317.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-17_08-09-33-1536x635.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-17_08-09-33-1200x496.png 1200w\" data-lazy-sizes=\"(max-width: 1793px) 100vw, 1793px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-17_08-09-33.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-443408\" class=\"size-full wp-image-443408\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-17_08-09-33.png\" alt=\"Shiba Inu price trend\" width=\"1793\" height=\"741\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-17_08-09-33.png 1793w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-17_08-09-33-300x124.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-17_08-09-33-1024x423.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-17_08-09-33-768x317.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-17_08-09-33-1536x635.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-17_08-09-33-1200x496.png 1200w\" sizes=\"auto, (max-width: 1793px) 100vw, 1793px\"\/><\/a><\/p>\n<p id=\"caption-attachment-443408\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">The Bollinger Bands indicated increased volatility, with SHIB trading close to the lower band. This suggested that further downside was possible if selling pressure continued to persist. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the 50-day and 200-day MAs, at $0.00001902 and $0.00001833, respectively, could act as critical support zones in the event of further declines.<\/span><\/p>\n<h2><b>Network growth and on-chain activity<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Data from <a href=\"https:\/\/app.santiment.net\/charts\/963cYZr1__sCl\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">Santiment<\/a> showed a surge in <a href=\"https:\/\/ambcrypto.com\/shiba-inu-jumps-on-3679-burn-rate-spike-is-shibs-rally-just-getting-started\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">SHIB\u2019s<\/a> network growth in recent weeks, with the metric hitting 6,612 new addresses at its peak before retracing slightly to 4,612. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This growth indicated heightened interest in the asset, which could help stabilize its price. However, the network\u2019s ability to sustain this growth will be crucial in maintaining investor confidence.<\/span><\/p>\n<div id=\"attachment_443410\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBA-INU-SHIB-09.36.39-17-Nov-2024.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-443410\" class=\"size-full wp-image-443410\" alt=\"Shiba Inu network growth\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBA-INU-SHIB-09.36.39-17-Nov-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBA-INU-SHIB-09.36.39-17-Nov-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBA-INU-SHIB-09.36.39-17-Nov-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBA-INU-SHIB-09.36.39-17-Nov-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBA-INU-SHIB-09.36.39-17-Nov-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBA-INU-SHIB-09.36.39-17-Nov-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBA-INU-SHIB-09.36.39-17-Nov-2024-1200x406.png 1200w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBA-INU-SHIB-09.36.39-17-Nov-2024.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-443410\" class=\"size-full wp-image-443410\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBA-INU-SHIB-09.36.39-17-Nov-2024.png\" alt=\"Shiba Inu network growth\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBA-INU-SHIB-09.36.39-17-Nov-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBA-INU-SHIB-09.36.39-17-Nov-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBA-INU-SHIB-09.36.39-17-Nov-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBA-INU-SHIB-09.36.39-17-Nov-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBA-INU-SHIB-09.36.39-17-Nov-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBA-INU-SHIB-09.36.39-17-Nov-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBA-INU-SHIB-09.36.39-17-Nov-2024-1200x406.png 1200w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/a><\/p>\n<p id=\"caption-attachment-443410\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">The spike in network activity coincides with SHIB\u2019s recent price rally, suggesting that new participants played a role in the upward momentum. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moving forward, a decline in network growth could undermine SHIB\u2019s chances of reclaiming higher levels.<\/span><\/p>\n<h2><b>Support levels to watch<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">With SHIB struggling to hold above $0.00002450, the next key levels to watch are the psychological barrier at $0.00002300 and the 50-day moving average at $0.00001902. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If these levels fail, a drop to $0.00001833 or lower could be on the cards. On the upside, reclaiming $0.00002600 would signal renewed bullish momentum.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Shiba Inu\u2019s Golden Cross brought optimism to its community, but the subsequent price correction highlighted the challenges SHIB faces in sustaining its momentum.<\/span><\/p>\n<hr\/>\n<p style=\"text-align: center;\">Is your portfolio green? Check out the <a href=\"https:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">SHIB Profit Calculator<\/a><\/p>\n<hr\/>\n<p><span style=\"font-weight: 400;\">The asset\u2019s network growth and support levels will be critical factors to monitor as the market navigates increased volatility. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">For now, all eyes remain on SHIB\u2019s ability to hold its key support zones and attract renewed buying interest.<\/span><\/p>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\n\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/xrp-makes-1-comeback-but-why-2-might-be-wishful-thinking\/\" rel=\"prev\" data-wpel-link=\"internal\">XRP makes $1 comeback, but why $2 might be wishful thinking<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/shiba-inu-forms-golden-cross-but-these-challenges-crop-up\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Journalist Posted: November 18, 2024 SHIB has exhibited a volatile price trend in the last few days. No definite support has formed due to the volatility. Shiba Inu [SHIB] has &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=127254\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-127254","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/127254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127254"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/127254\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}