Shiba Inu Price Analysis: On-Chain Metrics Signal 40% Potential Rally Ahead

07.08.2024

Shiba Inu price suffered a steep correction in the August 4 market crash. Despite the following recovery, SHIB struggles to reclaim its previous highs as the market remains fearful. SHIB price dropped by 2.5% on Wednesday as on-chain metrics signal a bullish storm forming. The Shiba Inu chart sports a potential double bottom formation that could turn the tides for the dog-themed meme coin.

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07.08.2024

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Bitcoin (BTC) $ 84,299.00
Ethereum (ETH) $ 1,985.32
Tether (USDT) $ 0.999616
USDC (USDC) $ 0.999859
Cardano (ADA) $ 0.710382
Dogecoin (DOGE) $ 0.168800
TRON (TRX) $ 0.235851
LEO Token (LEO) $ 9.76
Chainlink (LINK) $ 14.10
Stellar (XLM) $ 0.276474
Hedera (HBAR) $ 0.184567
Litecoin (LTC) $ 91.08
Bitcoin Cash (BCH) $ 324.64
Monero (XMR) $ 215.93
Dai (DAI) $ 0.999653
OKB (OKB) $ 51.99
Gate (GT) $ 22.78
Ethereum Classic (ETC) $ 17.83
VeChain (VET) $ 0.025552
Cronos (CRO) $ 0.078970
Cosmos Hub (ATOM) $ 4.69
Algorand (ALGO) $ 0.189518
KuCoin (KCS) $ 11.25
Maker (MKR) $ 1,247.01
Stacks (STX) $ 0.624037
Theta Network (THETA) $ 0.928049
EOS (EOS) $ 0.551570
Tether Gold (XAUT) $ 3,025.99
Tezos (XTZ) $ 0.693026
IOTA (IOTA) $ 0.178964
NEO (NEO) $ 8.16
TrueUSD (TUSD) $ 1.00
Zcash (ZEC) $ 30.16
Polygon (MATIC) $ 0.209033
Synthetix Network (SNX) $ 0.845187
Dash (DASH) $ 23.20
Zilliqa (ZIL) $ 0.012524
Qtum (QTUM) $ 2.17
Basic Attention (BAT) $ 0.150152
0x Protocol (ZRX) $ 0.263663
Decred (DCR) $ 12.01
Holo (HOT) $ 0.001102
Ravencoin (RVN) $ 0.012554
Siacoin (SC) $ 0.003337
NEM (XEM) $ 0.019157
Enjin Coin (ENJ) $ 0.090755
Nano (XNO) $ 1.08
Waves (WAVES) $ 1.39
Ontology (ONT) $ 0.152134
DigiByte (DGB) $ 0.007872
Hive (HIVE) $ 0.235947
ICON (ICX) $ 0.101822
Status (SNT) $ 0.025607
Lisk (LSK) $ 0.559228
Huobi (HT) $ 0.505748
Pax Dollar (USDP) $ 1.00
Numeraire (NMR) $ 9.45
Steem (STEEM) $ 0.136061
BUSD (BUSD) $ 1.00
Bitcoin Gold (BTG) $ 3.05
OMG Network (OMG) $ 0.217331
Ren (REN) $ 0.010507
Bitcoin Diamond (BCD) $ 0.052376
Augur (REP) $ 0.766301
HUSD (HUSD) $ 0.025799
Kyber Network Crystal Legacy (KNCL) $ 0.369819

Bitcoin (BTC) $ 84,299.00

Ethereum (ETH) $ 1,985.32

Tether (USDT) $ 0.999616

USDC (USDC) $ 0.999859

Cardano (ADA) $ 0.710382

Dogecoin (DOGE) $ 0.168800

TRON (TRX) $ 0.235851

LEO Token (LEO) $ 9.76

Chainlink (LINK) $ 14.10

Stellar (XLM) $ 0.276474

hedera-hashgraph

Hedera (HBAR) $ 0.184567

Litecoin (LTC) $ 91.08

Bitcoin Cash (BCH) $ 324.64

Monero (XMR) $ 215.93

Dai (DAI) $ 0.999653

OKB (OKB) $ 51.99

gatechain-token

Gate (GT) $ 22.78

Ethereum Classic (ETC) $ 17.83

VeChain (VET) $ 0.025552

crypto-com-chain

Cronos (CRO) $ 0.078970

Cosmos Hub (ATOM) $ 4.69

Algorand (ALGO) $ 0.189518

KuCoin (KCS) $ 11.25

Maker (MKR) $ 1,247.01

Stacks (STX) $ 0.624037

Theta Network (THETA) $ 0.928049

EOS (EOS) $ 0.551570

Tether Gold (XAUT) $ 3,025.99

Tezos (XTZ) $ 0.693026

IOTA (IOTA) $ 0.178964

NEO (NEO) $ 8.16

TrueUSD (TUSD) $ 1.00

Zcash (ZEC) $ 30.16

Polygon (MATIC) $ 0.209033

Synthetix Network (SNX) $ 0.845187

Dash (DASH) $ 23.20

Zilliqa (ZIL) $ 0.012524

Qtum (QTUM) $ 2.17

basic-attention-token

Basic Attention (BAT) $ 0.150152

0x Protocol (ZRX) $ 0.263663

Decred (DCR) $ 12.01

Holo (HOT) $ 0.001102

Ravencoin (RVN) $ 0.012554

Siacoin (SC) $ 0.003337

NEM (XEM) $ 0.019157

Enjin Coin (ENJ) $ 0.090755

Nano (XNO) $ 1.08

Waves (WAVES) $ 1.39

Ontology (ONT) $ 0.152134

DigiByte (DGB) $ 0.007872

Hive (HIVE) $ 0.235947

ICON (ICX) $ 0.101822

Status (SNT) $ 0.025607

Lisk (LSK) $ 0.559228

Huobi (HT) $ 0.505748

Pax Dollar (USDP) $ 1.00

Numeraire (NMR) $ 9.45

Steem (STEEM) $ 0.136061

BUSD (BUSD) $ 1.00

Bitcoin Gold (BTG) $ 3.05

OMG Network (OMG) $ 0.217331

republic-protocol

Ren (REN) $ 0.010507

bitcoin-diamond

Bitcoin Diamond (BCD) $ 0.052376

Augur (REP) $ 0.766301

HUSD (HUSD) $ 0.025799

Kyber Network Crystal Legacy (KNCL) $ 0.369819