The post Shiba Inu And Dogecoin Prices Face a Rising Bearish Threat: Can Bulls Defend Support Levels? appeared first on Coinpedia Fintech News Dogecoin and Shiba Inu have experienced mixed performance over the past few days, yet analysts are bullish about the upcoming trend of these memecoins, citing fundamental developments. As Bitcoin price continues to face bearish pressure around the $64K mark, Dogecoin and SHIB prices struggle in initiating a rebound above support level.  Fundamental Factors Might Boost SHIB And DOGE Recent large transactions in Dogecoin have drawn attention, with two transactions exceeding 228 million DOGE each, totaling $68.7 million, transferred from an unidentified wallet to Coinbase. These could signal upcoming developments, potentially a new listing for DOGE futures on Coinbase. In related news, Shiba Inu has announced an upcoming upgrade for Shibarium, scheduled for launch on May 2. This upgrade aims to enhance the user experience by improving block processing times and transaction fee predictability, making the platform more user-friendly and cost-effective. Institutional investment in meme coins is increasing, as seen by Symbolic Capital Partners adding Shiba Inu to their portfolio. It now constitutes 2% of their total assets, worth $1.7 million out of $86 million, according to data from Arkham Intelligence. This trend indicates a rising interest from institutional investors in meme coins, which could lead to higher market valuations over time. These fundamental developments might help SHIB and DOGE prices in triggering a buying momentum above their support lines. Dogecoin (DOGE) Price Analysis Dogecoin price has been facing bearish pressure in surging above the immediate resistance channel, resulting in a consolidation around the $0.15 mark. However, buyers continue to defend support levels, holding promises of a comeback. As of writing, DOGE price trades at $0.15, declining over 1.1% in the last 24 hours. Buyers are struggling to drive the price beyond the resistance area defined by the 200-day EMA and the downtrend line. Should the price drop further, sellers might attempt to push the DOGE/USDT pair down to $0.13. Conversely, if buyers can push the price through this resistance area, it could indicate the end of the correction phase. The pair might then aim for a climb to $0.21, where sellers are likely to create a strong defense. Shiba Inu (SHIB) Price Analysis Shiba Inu is attempting to break the descending resistance line multiple times; however, sellers are strongly defending a surge. As a result, we might soon see a retest of the weekly lows in order to validate a clear trend. Currently, SHIB price trades at $0.000025, declining over 1% in the last 24 hours. A breakthrough of the trend line indicates an end to the corrective phase, potentially sending the SHIB/USDT pair towards $0.000033, followed by an attempt to reach the strong resistance at $0.000039. On the other hand, a sharp downturn and break below the $0.000024 could imply that the buyers are liquidating near peaks. This scenario could see the pair declining towards $0.000020.
The crypto landscape has again been transformed by the recent Bitcoin halving event, setting the stage for a bullish market trajectory that has energized investors. Particularly noteworthy is the surge in meme coins, which have carved a niche of vibrant growth and innovation within the broader crypto market.
The U.S. government’s arguments on stablecoins in an unrelated criminal case could bolster Binance’s position in its civil case with the SEC.
The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.
Bitcoin and altcoins could be en route to retest their recent strong support levels as bears try to extend the correction.
Mississippi's Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.
The post Ethereum (ETH) and Shiba Inu (SHIB) Traders Watching Closely: Furrever Token (FURR)’s Presale Sparks Interest appeared first on Coinpedia Fintech News In the midst of volatile and turbulent market conditions, where uncertainty looms large and traditional investments falter, a new dynamic is emerging within the cryptocurrency sphere. Ethereum (ETH) and Shiba Inu (SHIB), once the stalwarts of digital assets, find themselves grappling with lackluster performance, leaving investors searching for alternatives. Against this backdrop, Furrever Token (FURR) shines brightly, having garnered significant attention and support by achieving an impressive $1 million in presale funding. As the allure of FURR grows amidst the gloom of market downturns, one can’t help but wonder: will ETH and SHIB investors join the FURR frenzy in pursuit of greener pastures? Ethereum’s (ETH)’s Going Through Choppy Waters: Analyzing Price Trends and Support Levels Amidst recent developments in the Ethereum market, investors closely monitoring the pulse of the cryptocurrency world find themselves immersed in a landscape fraught with concern and speculation. Ethereum’s price struggles to breach the $3,280 resistance zone, retreating beneath the $3,200 support level and currently consolidating losses above $3,100. The challenge of surpassing the $3,250 and $3,280 resistance levels has instilled a palpable sense of resistance in the market, compounded by trading below $3,200 and slipping below the 100-hour Simple Moving Average, stirring concerns among investors. On the hourly chart, the breach of the significant uptrend line support around the $3,190 mark suggests strengthening bearish momentum, with fears mounting of further downward movement if the pair trades below the $3,100 support. The inability to overcome the $3,250 and $3,280 resistance levels has heralded a new downtrend, with Ethereum slipping below the $3,200 support into a short-term bearish trend. Critical support lies around the $3,030 level, with a breach potentially intensifying selling pressure and drawing Ethereum towards $2,850. Further losses could cause the price to retreat to around $2,650 in the near term. As Ethereum navigates through choppy waters, investors brace for potential shifts in market dynamics and closely monitor key support and resistance levels to gauge future price movements. Shiba Inu (SHIB) Faces Market Turbulence: Down 7.5% Since Yesterday Shiba Inu (SHIB) faces a 7.5% decline to $0.00002491 in the past 24 hours amidst a broader market downturn. Despite a recent 18% surge, SHIB’s 11.6% dip over the last month hints at potential recovery ahead. A $12 million investment towards SHIB’s new third-layer network aims to strengthen its technological foundation, potentially boosting market value and investor interest. However, uncertainties loom as technical indicators suggest a possible downturn before further gains. The 30-day moving average trending above the 200-day moving average indicates waning momentum. Shiba Inu’s Relative Strength Index (RSI) retraced from 80 to around 50, suggesting a potential dip to lower levels before resurgence. Daily trading volume drop from $13 billion to $700 million since early March reflects subdued interest in SHIB’s fluctuating trajectory. Yet, a recent $79.9 million SHIB transfer between two unknown wallets hints at accumulation by significant investors, potentially signaling an uptrend initiation. Developers’ announcement of raising $12 million for a new privacy-focused third-layer network, introducing its native TREAT token, aligns with this trend. Although no release date is disclosed, this launch could contribute to Shiba Inu’s sustainable growth, potentially propelling its price to $0.000040 by summer. Amidst this backdrop, investors are exploring new tokens as potential contenders vie for their attention. Furrever Token (FURR) Emerges as Favorite Among ETH and SHIB Investors: A Closer Look at Its Appeal and Success Amidst market uncertainties and shifting dynamics, Ethereum (ETH) and Shiba Inu (SHIB) investors are increasingly turning their attention to Furrever Token (FURR) as their favored alternative. With FURR’s current price standing at $0.000648 and a remarkable presale success, having raised over $1 million within just two months, FURR has emerged as a promising contender in the crypto space. Investors are drawn to FURR’s unique value proposition, infused with a delightful dose of cuteness, offering a refreshing departure from traditional cryptocurrencies. FURR’s transparent tokenomics and commitment to project longevity have garnered praise from the crypto community. With around 9 billion tokens in total supply, FURR allocates a significant portion for presale participation, providing early investors with ample opportunities to get involved. Notably, the team’s decision to lock 10% of tokens for a year further reassures investors of their dedication to the project’s success. FURR’s roadmap emphasizes community engagement and user-centric initiatives, fostering a warm and inclusive ecosystem centered around adorable cat imagery. From regular challenges to the integration of cute cat-themed stickers and emojis, FURR aims to create a vibrant and enjoyable experience for its users, encouraging active participation and interaction. For those interested in joining the FURR community, the official website at furrevertoken.com serves as the gateway to explore more about the project, its mission, and token details. Additionally, support inquiries can be directed to support@furrevertoken.com, providing investors with necessary assistance and guidance. Amidst the allure of FURR’s innovative approach and promising future, ETH and SHIB investors see an enticing opportunity to diversify their portfolios and explore new horizons. As FURR continues to gain traction and attract attention within the crypto community, it remains a compelling choice for investors seeking both fun and potential returns in an otherwise turbulent market landscape.Discover the Most Exclusive Presale Opportunity of 2024 Now:Furrever Token Official Website |  Visit Furrever Token Presale Join Official Telegram Group    |  Follow Official X Account
The post BEFE Coin: The Latest Sensation in Meme Coins appeared first on Coinpedia Fintech News There have been different remarkable periods in the meme coin market, 2020 saw the introduction of the highest level of this sensation. But, since Dogecoin went out of favor, the meme coin market has been silent, not because there is no other meme coin project released into the market, but because there is no worthy coin to steal attention. However, for some weeks now, the BEFE coin has been growing among meme coin lovers and is about to become the biggest sensation in the meme coin market. Meme Coin investors are all for profit but most of the investors know they won’t get profit if the coin is not strong enough to draw attention from other investors. Speculations and community growth are always the major factors investors look into to assess the meme coin. But, BEFE has passed all tests with flying colors i.e. its speculative drive has been growing higher than expected in the last weeks and the community is getting bigger every day. So, the million-dollar question most smart investors are asking now is “Can BEFE hold the sensation it is getting in the meme coin market?” The answer is a straightforward “Yes!” Since BEFE is becoming a sensation not by mere bought hype, but by organic followers, we should see this hype go a long way. Here is what you need to understand about the current growing sensation around BEFE. The Community Is Key BEFE owes a lot of the growing sensation at this moment to its community. The community is made up of fans, investors, and observers who are rooting for BEFE to do better than other popular meme coins. At the moment, BEFE has been showing a reaction to this hype and sensations all around it. The price has had a total reaction of about 70x the price in the last 3 months. And, as this community continues to grow we keep seeing new growths that suggest BEFE might break all records in the meme coin market. More exchanges are also looking into adopting the BEFE coin on their exchange to create opportunities for their users to gain access to this kind of meme coin. Oh, yes! BEFE is now considered the king of meme coins since it is getting closer to overtaking all the achievements of the past sensational meme coins like Dogecoin and Shiba Inu. The sensation around BEFE is continually growing at a steady rate for the last 5 weeks. But, with the latest investors joining the BEFE meme coin community, we might continue to see this sensation grow till the year runs out.