The recent technical factors in the Shiba Inu (SHIB) network hint at a potential reversal that could reinstate its trading value and reignite investor confidence. On the flip side, IntelMarkets (INTL) dominates the entire memecoin sector with its mind-blowing presale rush and jaw-dropping performance metrics hinting at a potential 27,900% rally before the next cycle.
Shiba Inu Price Moves to $0.000014: SHIB Holders Turn Bullish
Dog-themed cryptocurrency Shiba Inu (SHIB) is eyeing a push toward $0.000014, but a 236 billion SHIB supply could determine its next major move. According to IntoTheBlock data, 236.46 billion SHIB are currently held at $0.000014 by 3,780 addresses. A breach of this minor resistance would allow SHIB to reach $0.000014 and aim for a potential breakout.
The on-chain data shows a similar accumulation of 548.64 trillion SHIB supply held by 162,610 addresses in the range of $0.000014 and $0.000019, with a breach hinting at major gains for the Shiba Inu price. On the other hand, failure to breach the $0.000014 level could result in consolidation or a minor correction for SHIB before another rally attempt.
Currently, all eyes are on the Shiba Inu price as it moves closer to this critical zone. In the event of a decline, support is anticipated at $0.0000108, which halted the Shiba Inu price fall on March 11. At the time of writing, SHIB was up 0.7% in the last 24 hours to $0.00001285 and up 6% weekly. Memecoin investors are currently cautious amid the turbulent Shiba Inu price trend.
Technical Factors Hint at a Potential Shiba Inu Price Recovery
In a recent tweet, IntoTheBlock reported that the combined memecoin market cap had returned to levels seen in the third quarter of last year and highlighted key on-chain indicators to watch for a shift. For the past two days, the Shiba Inu price has oscillated in a tight range between $0.00001227 and $0.000013 as traders await the market’s next move.
These include the number of traders, with short-term traders often signaling new retail engagement. While most memecoins still show a downward trend in this metric, a potential Shiba Inu price reversal could mark a key turning point for the altcoin. Second are transaction volumes, which reflect usage growth, even if not necessarily driven by new users.
SHIB Whales Stack Up IntelMarkets Before 27,900% Rally
IntelMarkets (INTL) recently received 10,000 weekly signups after most SHIB investors moved their capital into this emerging AI entrant. Most memecoin holders are prioritizing IntelMarkets over other memecoin projects because this platform offers AI-powered insights and holistic trading signals with its Intelli-M capability. That way, traders never miss a market-moving event.
Shiba Inu investors are flocking to IntelMarkets for its most advanced tools, models, and data designed for traders, analysts, and developers. Powered by its proprietary AI blockchain, the platform offers advanced AI models that comprise curated datasets, proprietary data streams, and on-chain analytics to keep investors ahead of the curve in the shifting market dynamics.
IntelMarkets Amid Top Viral AI Coins To Buy This Cycle
The next-generation layer-1 protocol by IntelMarkets (INTL) allows users to tap into a vast library of AI trading agents, market predictors, and data analysis models. INTL holders can build their own, refine existing ones, or deploy AI-powered strategies instantly. In a nutshell, IntelMarkets is proving to be a game-changer for traders just starting out.
While the Shiba Inu price shows signs of recovery after a prolonged bearish sentiment in the network, IntelMarkets (INTL) is gaining traction among memecoin holders. Particularly, memecoin holders are shifting to IntelMarkets for its plug-and-play AI agents that let traders get ahead of the crypto market to secure high-ticket profits and claim lucrative opportunities.
Discover More About IntelMarkets:
Presale: https://intelmarkets.io/
Buy Presale: https://buy.intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
