{"id":156634,"date":"2023-09-15T19:44:03","date_gmt":"2023-09-15T14:14:03","guid":{"rendered":"https:\/\/dripp.zone\/news\/is-recovery-from-0-0000007-sustainable-crypto-news\/"},"modified":"2023-09-15T19:44:06","modified_gmt":"2023-09-15T14:14:06","slug":"is-recovery-from-0-0000007-sustainable-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/is-recovery-from-0-0000007-sustainable-crypto-news\/","title":{"rendered":"Is Recovery from $0.0000007 Sustainable? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-159333\">\n<p>\nA bullish reversal from $0.0000007 monthly support has set the SHIB price for a strong upswing. Should you buy?\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"681\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/d3Nv6nfW-e1694786644412.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"SHIB Price Prediction\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 29 seconds ago  <\/p>\n<div class=\"SocialMarketS d-flex position-static\">\n<div class=\"Socilsm\">\n<div class=\"LinksSo p-0\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/shib-price-prediction-is-shiba-inu-recovery-from-0-000007-sustainable\/&#038;text=SHIB Price Prediction: Is Shiba Inu Recovery from $0.000007 Sustainable?\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/shib-price-prediction-is-shiba-inu-recovery-from-0-000007-sustainable\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/shib-price-prediction-is-shiba-inu-recovery-from-0-000007-sustainable\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<p>                    <!-- \n\n<div class=\"m-on\">\n<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bydfi.com\/invite?ru=6FPHxM&f=coingape\" class=\"add-container border-chnage ml-2\"> <img loading=\"lazy\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20150%2040'%3E%3C\/svg%3E\" alt=\"Bonus\" decoding=\"async\" class=\"image-ads\" width=\"150\" height=\"40\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/25122123\/bonus.png\"><noscript><img src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/25122123\/bonus.png\" alt=\"Bonus\" decoding=\"async\" loading=\"lazy\" class=\"image-ads\" width=\"150\" height=\"40\"><\/noscript>\n    <\/a>\n<\/div>\n\n -->\n                <\/div>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400\">From mid-August to mid-September, the SHIB price trajectory has been primarily downward, plunging from $0.00001136 to $0.00000695, registering a 38% loss. This decline effectively nullified all the profits earned during the July rally, even diving beneath the 61.8% Fibonacci retracement level. However, with Bitcoin making a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/btc-price-at-takeoff-threshold-will-bitcoin-hit-100k-post-halving-in-2024\/\">comeback from the $25,000 mark<\/a>, renewed interest and buying pressure in the crypto market have rebounded the SHIB price from its $0.000007 base. But is this surge substantial enough to indicate a bullish turnaround for this Dog-themed memecoin?<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/sponsored\/shiba-inu-cardano-and-everlodge-the-best-cryptos-to-get-for-substantial-gains-this-fall\/\">Shiba Inu, Cardano And Everlodge \u2013 The Best Cryptos To Get For Substantial Gains This Fall<\/a><\/p>\n<h2><b>Bullish Reversal From Key Support Hints 15% Jump Ahead<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A V-top reversal in the daily chart reflects an aggressive correction trend<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The SHIB price witnessed demand pressure near the $0.000007 mark.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The intraday trading volume of the Shiba Inu coin is $73 Million, showing a 1.53% gain.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"SHIB Price Prediction\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/d\/d3Nv6nfW.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/d\/d3Nv6nfW.png\" alt=\"SHIB Price Prediction\" width=\"1946\" height=\"1104\"\/><\/noscript>Source- <\/span><span style=\"font-weight: 400\">Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400\">Following the current reversal sentiment, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/shiba-inu\/\">Shiba Inu coin price<\/a> has ascended for four straight days. Starting its climb from the crucial $0.000007 level, it has experienced a 5% increment, presently settling at $0.0000078.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">Yet, given the sheer intensity of the bearish thrust seen during its recent downturn, this slight northward shift from the $0.000007 mark might not be adequate to assure a lasting recovery. Hence, the traders might observe the SHIB price meandering above the aforementioned level as it consolidates and builds buying momentum.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">If this buying momentum is maintained, the memecoin holders could see the coin price elevating by another 15% to approach the next resistance at $0.00000855.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><b>What If SHIB Price Loses $0.000007 Support?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">While the predominant trend for Shiba Inu remains bearish. Any dip below the $0.000007 benchmark might unleash additional selling pressure, potentially causing the coin price to drop to $0.00000644, and if the bearish momentum persists, even further to $0.0000055.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Bollinger Bands: <\/b><span style=\"font-weight: 400\">The lower boundary\u2019s downtick on the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bollinger-band\/\">Bollinger Bands suggests<\/a> the sellers are continuing to exert their force.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Average Directional Index (ADX): <\/b><span style=\"font-weight: 400\">A surge around the 31% mark in the daily ADX trajectory signifies that sellers might continue to drive the current corrective phase.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/shib-price-prediction-is-shiba-inu-recovery-from-0-000007-sustainable\/&#038;text=SHIB Price Prediction: Is Shiba Inu Recovery from $0.000007 Sustainable?\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/shib-price-prediction-is-shiba-inu-recovery-from-0-000007-sustainable\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/shib-price-prediction-is-shiba-inu-recovery-from-0-000007-sustainable\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/shib-price-prediction-is-shiba-inu-recovery-from-0-000007-sustainable\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA159333\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD159333\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A bullish reversal from $0.0000007 monthly support has set the SHIB price for a strong upswing. Should you buy? Published 29 seconds ago From mid-August to mid-September, the SHIB price trajectory has been primarily downward, plunging from $0.00001136 to $0.00000695, registering a 38% loss. This decline effectively nullified all the profits earned during the July [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":156635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-156634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=156634"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156634\/revisions"}],"predecessor-version":[{"id":156636,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156634\/revisions\/156636"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/156635"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=156634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=156634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=156634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}