{"id":166893,"date":"2023-10-03T00:26:49","date_gmt":"2023-10-02T18:56:49","guid":{"rendered":"https:\/\/dripp.zone\/news\/shiba-inu-price-prediction-shib-rejected-from-0-00000757-crypto-news\/"},"modified":"2023-10-03T00:26:51","modified_gmt":"2023-10-02T18:56:51","slug":"shiba-inu-price-prediction-shib-rejected-from-0-00000757-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/shiba-inu-price-prediction-shib-rejected-from-0-00000757-crypto-news\/","title":{"rendered":"Shiba Inu Price Prediction: SHIB Rejected From $0.00000757 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Crypto prices are facing headwinds on the debut of Ethereum futures exchange-traded funds (ETFs) in the US. While\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ethereum-price-as-grayscale-files-to-swap-its-eth-trust-product-for-a-spot-ether-etf\/?utm_source=24hrsupdateall\">Ethereum price spiked to $1,750<\/a>\u00a0and\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/bitcoin-price-prediction-shark-and-whale-addresses-accumulate-1-17-billion-bull-run-activates\/?utm_source=24hrsupdateall\">Bitcoin to $28,400<\/a>, Shiba Inu (SHIB) built on support at $0.000007 to support gains to $0.0000757.<\/p>\n<p>According to Bloomberg\u2019s ETF analyst Eric Balchunas, Ether futures ETF products are performing dismally despite the hype with only $2 million in trading volume streaming compared to $200 million within the first 15 minutes of Bitcoin futures ETFs trading in 2021.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Pretty meh volume for the Ether Futures ETFs as a group, a little under $2m, about normal for a new ETF but vs <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BITO&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BITO<\/a> (which did $200m in first 15min) it is low. Tight race bt VanEck and ProShares in the single eth lane. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/F9AHtrVcVf\">pic.twitter.com\/F9AHtrVcVf<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1708865693481836849?ref_src=twsrc%5Etfw\">October 2, 2023<\/a><\/p>\n<\/blockquote>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>The buy the rumor sell the news narrative appears to be taking shape, considering Ethereum is back to trading below $1,700 while Bitcoin hovers slightly above $28,000. On the other hand, Shiba Inu has erased most of the progress made from Friday to trade at $0.00000742 at the time of writing.<\/p>\n<h2>Shiba Inu Burn Rate Jumps 39% Ahead of Triangle Breakout<\/h2>\n<p>Shiba Inu burn rate is back in the green with nearly 95 million SHIB burned over the last 24 hours. The SHIB community is fully committed to the burn program to reduce the massive circulating supply that has been blamed for the token\u2019s poor price performance.<\/p>\n<p>According to Shibburn.com, a total of 410 trillion has been obliterated, bringing the total supply from 999 trillion to 589 trillion. About 10 billion SHIB tokens are currently locked in staking contracts, leaving the circulating supply at approximately 580 trillion.<\/p>\n<figure id=\"attachment_160588\" aria-describedby=\"caption-attachment-160588\" style=\"width: 508px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Shibburn-chart.jpg\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-160588\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Shibburn-chart.jpg\" alt=\"Shiba Inu burn rate\" width=\"508\" height=\"319\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Shibburn-chart.jpg 508w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Shibburn-chart-300x188.jpg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Shibburn-chart-150x94.jpg 150w\" sizes=\"auto, (max-width: 508px) 100vw, 508px\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-160588\" class=\"wp-caption-text\">Shibburn rate chart<\/figcaption><\/figure>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Meanwhile,\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/shiba-inu\/\">Shiba Inu price<\/a>\u00a0flaunts an ascending triangle likely to trigger an 8% move to $0.00000815 from the neckline resistance at $0.00000757. However, before such a breakout, SHIB must uphold higher support preferably the confluence level created by the 50 Exponential Moving Average (EMA) (red) and the 100 EMA (blue) at $0.00000737.<\/p>\n<p>Traders may want to wait until\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.google.com\/url?client=internal-element-cse&#038;cx=e6c2264173c544ed8&#038;q=https:\/\/coingape.com\/shiba-inu-team-signals-minting-of-bone-token-almost-complete\/&#038;sa=U&#038;ved=2ahUKEwiKhYiN_NeBAxVCTEEAHeuhHXcQFnoECAQQAg&#038;usg=AOvVaw1ZzrMXAlCxnlk-0-wOPYyB\">Shiba Inu price<\/a>\u00a0steps above the neckline resistance before placing their buy orders.<\/p>\n<p>The breakout should be accompanied by increased trading volume to be sustainable, otherwise, a bull trap could result in an extended downtrend adding pressure to the ascending trendline support. Note that, trading below this trendline implies that sellers would have the reins, hence\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/why-shiba-inu-is-down-50-today\/\">Shiba Inu price may not stop at $0.00007<\/a>\u00a0but could trigger a selloff to June\u2019s support at $0.0000065.<\/p>\n<figure id=\"attachment_160587\" aria-describedby=\"caption-attachment-160587\" style=\"width: 1233px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/SHIBUSD_2023-10-02_20-58-47.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-160587\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Shiba Inu price prediction chart\" width=\"1233\" height=\"563\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/SHIBUSD_2023-10-02_20-58-47.png 1233w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/SHIBUSD_2023-10-02_20-58-47-300x137.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/SHIBUSD_2023-10-02_20-58-47-1224x559.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/SHIBUSD_2023-10-02_20-58-47-768x351.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/SHIBUSD_2023-10-02_20-58-47-150x68.png 150w\" data-lazy-sizes=\"(max-width: 1233px) 100vw, 1233px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/SHIBUSD_2023-10-02_20-58-47.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-160587\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/SHIBUSD_2023-10-02_20-58-47.png\" alt=\"Shiba Inu price prediction chart\" width=\"1233\" height=\"563\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/SHIBUSD_2023-10-02_20-58-47.png 1233w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/SHIBUSD_2023-10-02_20-58-47-300x137.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/SHIBUSD_2023-10-02_20-58-47-1224x559.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/SHIBUSD_2023-10-02_20-58-47-768x351.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/SHIBUSD_2023-10-02_20-58-47-150x68.png 150w\" sizes=\"auto, (max-width: 1233px) 100vw, 1233px\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-160587\" class=\"wp-caption-text\">SHIB\/USD daily chart | Tradingview<\/figcaption><\/figure>\n<p>The Relative Strength Index (RSI) casts a shadow over the uptrend after the rejection from near-overbought conditions. Unless the RSI rebounds from the midline, an immediate recovery would be a pipe dream which, in turn, may significantly reduce the chances of the ascending triangle breakout to $0.00000815.<\/p>\n<h3>Related Articles<\/h3>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/shiba-inu-price-delays-bullish-breakout-as-investors-buy-the-rumor-and-sell-the-news\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/shiba-inu-price-delays-bullish-breakout-as-investors-buy-the-rumor-and-sell-the-news\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" 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=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA160586\">\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>John is a renowned crypto analyst and journalist, providing expert insights into both broad and focused aspects of the digital asset market. As a steadfast reporter, he keeps his audience updated with the latest news in the crypto sphere, delving into topics such as price trends, on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the ever-evolving metaverse.                         <\/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\/382b200bdfe14eeef2a23454909dbc78?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\/382b200bdfe14eeef2a23454909dbc78?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?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=\"TabD160586\">\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><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/twitter-is-now-worth-just-33-of-elon-musks-purchase-price\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/will-cramer-curse-strike-again\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/will_cramer_curse_strike_again_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/will_cramer_curse_strike_again_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Will Cramer Curse Strike Again? 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While\u00a0Ethereum price spiked to $1,750\u00a0and\u00a0Bitcoin to $28,400, Shiba Inu (SHIB) built on support at $0.000007 to support gains to $0.0000757. According to Bloomberg\u2019s ETF analyst Eric Balchunas, Ether futures ETF products are performing dismally despite the hype with [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":166894,"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-166893","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\/166893","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=166893"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166893\/revisions"}],"predecessor-version":[{"id":166895,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166893\/revisions\/166895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/166894"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=166893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=166893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=166893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}