{"id":610490,"date":"2024-12-16T08:06:39","date_gmt":"2024-12-16T08:06:39","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=610490"},"modified":"2024-12-16T08:06:39","modified_gmt":"2024-12-16T08:06:39","slug":"shanghai-inu-price-prediction-shang-surges-95-but-traders-flock-to-this-meme-coin-offering-last-chance-to-buy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/shanghai-inu-price-prediction-shang-surges-95-but-traders-flock-to-this-meme-coin-offering-last-chance-to-buy","title":{"rendered":"Shanghai Inu Price Prediction: SHANG Surges 95%, But Traders Flock To This Meme Coin Offering Last Chance To Buy"},"content":{"rendered":"

The Shanghai Inu price has surged 95% in the last 24 hours to trade at $0.000000003039 as of 12:30 a.m. EST on a 256% pump in trading volume to $7 million.<\/p>\n

Shanghai Inu Price Encounters A Resistance<\/h2>\n

The SHANG\/USD pair on the 1-hour timeframe is currently trading at $0.000000003199<\/a>, down 4.61% from the previous session. The price previously rallied sharply, reaching a peak near $0.0000000045, but has since retraced significantly.<\/p>\n

It is now approaching a critical support zone between $0.0000000012 and $0.0000000015, an area where buyers may step in to halt the decline. If this support holds, as indicated on the chart, there is a potential for a rebound.<\/p>\n

\"Shanghai<\/p>\n

SHANGUSD Analysis Source: Dextools.io<\/em><\/p>\n

The 50-period moving average (blue) is being tested as the price declines, while the 200-period moving average (green) lies significantly lower, reflecting overall bullish long-term sentiment.<\/p>\n

The MACD indicator shows a bearish crossover, with the MACD line crossing below the signal line and the histogram moving into negative territory, signaling growing bearish momentum.<\/p>\n

Shanghai Inu Price: Can The Bulls Regain Momentum?<\/h2>\n

The Relative Strength Index (RSI) is currently at 43.11, indicating bearish momentum but still in neutral territory. This suggests there is room for further downside before the market becomes oversold.<\/p>\n

Key support zone near $0.0000000015 will play a crucial role in determining the next move. If the price rebounds from this zone, it could target resistance levels at $0.0000000025 and $0.0000000035.<\/p>\n

However, if the support fails to hold, the price may drop further toward the next psychological level around $0.00000001.  The short-term outlook remains bearish to neutral, with the support zone being a key level to watch for a potential reversal.<\/p>\n

Crypto All-Stars Presale Surpasses $18.2 Million – 4 Days Left<\/h2>\n

As Shanghai Inu takes a breather after its recent price action, traders are flocking to buy Crypto All-Stars (STARS), a new meme coin project that’s become one of the biggest ICOs of the year after raising more than $18.2 million.<\/p>\n

This multi-chain meme coin staking protocol has only 4 days left before it gets listed on major exchanges.<\/p>\n

Popular YouTuber ClayBro, with a following of 133K subscribers, has predicted that STARS could see a 10X surge in value once it launches.<\/p>\n