Current Price: The real-time price of $SHIB SHIB against a stablecoin (like USDT) or a fiat currency (like USD).
Market Capitalization: The total market value of all circulating SHIB coins. It's calculated by multiplying the current price by the circulating supply.
24-Hour Trading Volume: The total value of SHIB traded in the last 24 hours. A high volume can indicate significant market interest.
Circulating Supply: The number of SHIB coins that are currently in circulation and available to the public.
Total Supply: The total number of SHIB coins that have been created.
Technical Analysis:
Price Charts: Candlestick charts (e.g., on platforms like TradingView or CoinMarketCap) are used to visualize price movements over different timeframes (e.g., 1-hour, 4-hour, daily, weekly).
Support and Resistance Levels: These are price levels at which the coin tends to stop falling (support) or stop rising (resistance). Identifying these levels can help in making trading decisions.
Technical Indicators:
Moving Averages (MA): Such as the 50-day and 200-day moving averages, can help identify trends.
Relative Strength Index (RSI): An indicator that helps to identify overbought or oversold conditions.
MACD (Moving Average Convergence Divergence): Used to identify changes in momentum, direction, and duration of a trend.
Fundamental Analysis:
Project Developments: Any recent news or updates from the Shiba Inu development team, such as the launch of Shibarium (their Layer-2 network), can impact the price.
Community Sentiment: The general feeling or mood of the Shiba Inu community (the "SHIB Army") on social media platforms like Twitter and Reddit.
Tokenomics: The economics of the SHIB token, including its burn mechanism (which reduces the total supply and can potentially increase the price).
Adoption and Partnerships: Any new partnerships or adoptions by businesses or payment platforms can increase the utility and value of SHIB. $SHIB #shiba⚡
