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Shiba inu coin binance news
Shiba inu coin binance news













shiba inu coin binance news

Further significant resistance could be found at $80.80. That line is near the 50% Fibonacci retracement level drawn by the bearish movement from the swing high at $85.41 to the low of $60.75.Ĭlear movement above the $71.50 level could push the price in the direction of $75. In addition, an important bearish trend line is rising with a barrier near $71.50 in the 4-hour chart of the LTC/USD pair. Immediate resistance lies in the vicinity of the $66.60 level, close to the 23.6% Fibonacci retracement level of the downward movement from the swing high at $85.41 to the low at $60.75. Thus, a low was formed near $60.75, and the price trend is now characterized by a consolidation phase of losses. Even, it positioned itself below the $70 support level. The price violated the support threshold at $75, initiating a new descent. Earlier, LTC was stably positioned below the $80 support area, drifting toward a bearish path. In recent days, Bitcoin, Ethereum, Ripple, and Litecoin have gone through significant declines against the US dollar. Focus on Litecoin’s price: comparison with Shiba Inu and Binance Coin Consequently, indications support a further rise toward the level at $0.00000871.Ī possible response from this level could indicate the formation of a trading range, with $0.00000776 as a possible bottom of this range.Īlternatively, a breakout of resistance at $0.000009 would suggest that SHIB is likely ready to point upward, heading toward the next resistance at $0.0000107, relevant in longer time intervals. The On-Balance Volume (OBV) indicator has risen slightly and the Relative Strength Index (RSI) has surpassed the neutral level of 50, signaling a bullish momentum. In addition, Shiba Inu has rebounded 9.27% in recent hours. However, temporary resistance higher at $0.00000846 would likely have hindered buyers’ efforts. We see that this level represented the key challenge for a possible positive reversal in the market trend. The recent lower minimum of SHIB was identified at $0.00000871. In recent days, there has been a modest rebound from this area of interest, likely influenced by news regarding the cryptocurrency’s rising burn rate. To reverse this dynamic, a considerable increase in demand was required. While the sector showed some demand in this region, price charts at shorter time intervals suggested that sellers had the upper hand.

shiba inu coin binance news

Recently, Shiba Inu experienced a 32% decline, finding itself in a temporary higher support range. Shiba Inu: rebound from support area, tension between bears and buyers Binance Coin falls below 200-week moving average: concerns for altcoins.Focus on Litecoin’s price: comparison with Shiba Inu and Binance Coin.Shiba Inu: rebound from support area, tension between bears and buyers.This is the first version of our zk-SNARKs implementation and we are looking forward to receiving community feedback so we can continue to improve the system.”īinance released its proof of reserves list last November as a means of proving it had a one-to-one ratio of reserves to investor assets.

shiba inu coin binance news

#Shiba inu coin binance news verification

“Binance plans to add more tokens to the POR system in the weeks ahead, and will continue to make the verification function more reliable, secure and private. In addition to the upgrade, four new tokens have been added to the system: SHIB, DOT, CHZ and SOL, bringing the total number of verifiable assets to 13 popular tokens on Binance.”Īccording to Binance, investors can expect the firm to add more digital assets to its POR list in the coming weeks, as well as additional zk-SNARKs to bolster security.

shiba inu coin binance news

“Continuing the efforts in providing transparency on user funds, Binance is excited to introduce zk-SNARKs, a zero-knowledge verification method that keeps sensitive information private and more secure, to its proof of reserves (POR) verification system. Binance also says it’s adding four altcoins, including SHIB, Polkadot ( DOT) and Ethereum ( ETH) challenger Solana ( SOL), as well as fan token-focused crypto project Chiliz ( CHZ).















Shiba inu coin binance news