{"id":385387,"date":"2024-04-21T17:30:19","date_gmt":"2024-04-21T12:00:19","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=385387"},"modified":"2024-04-21T17:54:36","modified_gmt":"2024-04-21T12:24:36","slug":"keeping-track-of-shiba-inus-next-moves-post-bitcoin-halving","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/keeping-track-of-shiba-inus-next-moves-post-bitcoin-halving\/","title":{"rendered":"Keeping track of Shiba Inu&#8217;s next moves post Bitcoin halving"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">Sentiment around SHIB turned bearish in the last seven days.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Buying pressure on SHIB remained high while its price dropped.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The crypto market has keenly waited for <\/span><a href=\"http:\/\/ambcrypto.com\/category\/bitcoin-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bitcoin\u2019s [BTC]<\/span><\/a><span style=\"font-weight: 400;\"> fourth halving, as several expected the market to turn volatile. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A rise or drop in BTC\u2019s price will have a larger impact on the crypto market, as altcoins often follow BTC\u2019s trend. <\/span><a href=\"http:\/\/ambcrypto.com\/category\/shiba-inu-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Shiba Inu [SHIB]<\/span><\/a><span style=\"font-weight: 400;\">, one of the top meme coins, might also be affected by the episode.<\/span><\/p>\n<h4><b>Shiba Inu remains volatile<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The past couple of weeks were not in investors&#8217; best interest, as the meme coin\u2019s value dropped by double digits. However, things changed in the last few days as SHIB&#8217;s price rallied. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/shiba-inu\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, the token\u2019s price surged by early 18% in the last 24 hours. At press time, it was trading at $0.00002736 with a market capitalization of over $16 billion. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The sudden price movements caused the token\u2019s Price Volatility 1w to rise sharply. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">SHIB\u2019s market sentiment turned negative, as evident from the drop in its Weighted Sentiment on the 17th of April. The drop indicated that bearish sentiment around the meme coin increased. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Its Social Volume also declined slightly during the last few days.<\/span><\/p>\n<figure id=\"attachment_385388\" aria-describedby=\"caption-attachment-385388\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBA-INU-SHIB-15.25.46-18-Apr-2024.png\"><img decoding=\"async\" class=\"wp-image-385388 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBA-INU-SHIB-15.25.46-18-Apr-2024.png\" alt=\"SHIB's 1-week price volatility increased\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBA-INU-SHIB-15.25.46-18-Apr-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBA-INU-SHIB-15.25.46-18-Apr-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBA-INU-SHIB-15.25.46-18-Apr-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBA-INU-SHIB-15.25.46-18-Apr-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBA-INU-SHIB-15.25.46-18-Apr-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBA-INU-SHIB-15.25.46-18-Apr-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBA-INU-SHIB-15.25.46-18-Apr-2024-1200x406.png 1200w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-385388\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">While Shiba Inu\u2019s price dropped on the 15th of April, investors took the opportunity to buy the dip. AMBCrypto\u2019s analysis of Santiment\u2019s data revealed that SHIB&#8217;s Supply on Exchanges plummeted. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, its supply outside of exchanges increased last week, indicating that buying pressure on SHIB was high. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, SHIB remained the whales&#8217; favorite. As per WhaleStats\u2019 <\/span><a href=\"https:\/\/www.whalestats.com\/analysis-of-the-top-100-eth-wallets\/historicalMetric?metricName=top10DollarValue\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\">, SHIB was the most traded token among the top 100 <a href=\"http:\/\/ambcrypto.com\/category\/ethereum-news\/\" target=\"_blank\" rel=\"noopener\">Ethereum [ETH]<\/a> whales on the 18th of April. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, despite being most traded, whales\u2019 total SHIB holding didn&#8217;t change much, as evident from the supply held by the top addresses.<\/span><\/p>\n<figure id=\"attachment_385389\" aria-describedby=\"caption-attachment-385389\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBA-INU-SHIB-15.29.03-18-Apr-2024.png\"><img decoding=\"async\" class=\"wp-image-385389 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBA-INU-SHIB-15.29.03-18-Apr-2024.png\" alt=\"Buying pressure of Shiba Inu was high\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBA-INU-SHIB-15.29.03-18-Apr-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBA-INU-SHIB-15.29.03-18-Apr-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBA-INU-SHIB-15.29.03-18-Apr-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBA-INU-SHIB-15.29.03-18-Apr-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBA-INU-SHIB-15.29.03-18-Apr-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBA-INU-SHIB-15.29.03-18-Apr-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBA-INU-SHIB-15.29.03-18-Apr-2024-1200x406.png 1200w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-385389\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h4><b>SHIB\u2019s upcoming targets<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">High buying pressure on SHIB might soon allow the token to turn bullish. AMBCrypto checked its liquidation heat map to see the possible target zones for SHIB if a bull rally happens. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Going northward, as the meme coin already touched $0.000027 SHIB\u2019s immediate target could be $0.00003. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A successful breakout above that could allow SHIB to touch $0.000035 before a price correction. However, if things turn bearish, the SHIB\u2019s price might sink to its support near $0.000021 or $0.000017.\u00a0<\/span><\/p>\n<figure id=\"attachment_385390\" aria-describedby=\"caption-attachment-385390\" style=\"width: 2772px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-18-at-3.32.25\u202fPM.png\"><img decoding=\"async\" class=\"wp-image-385390 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-18-at-3.32.25\u202fPM.png\" alt=\"\" width=\"2772\" height=\"1492\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-18-at-3.32.25\u202fPM.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-18-at-3.32.25\u202fPM-300x161.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-18-at-3.32.25\u202fPM-1024x551.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-18-at-3.32.25\u202fPM-768x413.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-18-at-3.32.25\u202fPM-1536x827.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-18-at-3.32.25\u202fPM-2048x1102.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-18-at-3.32.25\u202fPM-1200x646.png 1200w\" sizes=\"(max-width: 2772px) 100vw, 2772px\" \/><\/a><figcaption id=\"caption-attachment-385390\" class=\"wp-caption-text\">Source: Hyblock Capital<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read <\/span><a href=\"http:\/\/ambcrypto.com\/predictions\/shiba-inu-price-prediction\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Shiba Inu\u2019s [SHIB] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> 2024-25<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">AMBCrypto then analyzed SHIB\u2019s weekly chart to look for more ambitious targets if things turn bullish post-BTC halving. A bull rally in the coming days could allow SHIB to reach its March 2024 highs. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Going further north, the meme coin&#8217;s next target could be $0.000045, which it could hit before crossing its all-time high over the coming months.\u00a0<\/span><\/p>\n<figure id=\"attachment_385391\" aria-describedby=\"caption-attachment-385391\" style=\"width: 2710px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBUSDT_2024-04-18_15-35-16.png\"><img decoding=\"async\" class=\"wp-image-385391 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBUSDT_2024-04-18_15-35-16.png\" alt=\"\" width=\"2710\" height=\"1456\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBUSDT_2024-04-18_15-35-16.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBUSDT_2024-04-18_15-35-16-300x161.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBUSDT_2024-04-18_15-35-16-1024x550.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBUSDT_2024-04-18_15-35-16-768x413.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBUSDT_2024-04-18_15-35-16-1536x825.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBUSDT_2024-04-18_15-35-16-2048x1100.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/SHIBUSDT_2024-04-18_15-35-16-1200x645.png 1200w\" sizes=\"(max-width: 2710px) 100vw, 2710px\" \/><\/a><figcaption id=\"caption-attachment-385391\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>If BTC halving causes the market to turn bullish, then Shiba Inu might touch its March 2024 highs soon.<\/p>\n","protected":false},"author":75,"featured_media":385393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[35,360,5824,66,3,6388,4,20],"tags":[6427,6425],"class_list":["post-385387","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin-news","category-btc-trading-view","category-memecoins","category-new-news","category-news","category-shiba-inu-news","category-social","category-trading-view","tag-ambcrypto","tag-featured"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - 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