SHIB Stalls, ETH Targets $1,800, Dragoin Delivers Utility With a Live Game and 6,700% ROI in Presale

Two popular altcoins are sending mixed signals this week. Shiba Inu (SHIB) remains trapped near $0.00001234, facing stiff resistance and liquidity barriers that

Shiba Inu (SHIB) price stalls near $0.00001234 as it encounters strong resistance and liquidity barriers for a clean breakout.

Shiba Inu price is currently testing the upper reaches of the Bollinger Bands without success, indicating persistent resistance to further upward movement.

On-chain data from Santiment shows a slowdown in Shiba Inu active addresses and volume, suggesting a lull in user activity and price impact.

Shiba Inu price analysis: Still no breakout as SHIB stalls

Shiba Inu price has been unable to break out of a key liquidity zone, presenting traders with a familiar sight this week. As SHIB trades at $0.00001234, it continues to be met with resistance at the upper Bollinger Band, suggesting a lack of volume to push for a breakout.

Now, if we zoom out on the chart, we can see that SHIB has been forming a base of support but the price action shows that the bears are still in control. This is supported by the fact that there hasn’t been any major catalyst for SHIB in recent times, and the broader crypto market has also been struggling to gain momentum.

Shiba Inu price is currently testing the upper reaches of the Bollinger Bands without success, indicating persistent resistance to further upward movement.

On-chain data from Santiment shows a slowdown in Shiba Inu active addresses and volume, suggesting a lull in user activity and price impact.

Shiba Inu price is testing the upper Bollinger Band but is struggling to break through. A move above the 50-day moving average could be bullish.

Shiba Inu price is testing the upper Bollinger Band but is struggling to breakout. A move above the 50-day moving average could be bullish. Credit: Benzinga

What next for SHIB price?

Shiba Inu price is testing the key resistance level at $0.00001290 again but the bears are still in control. If SHIB can break above this level, then it could see a short-term rally towards the next resistance level at $0.00001350.

However, unless there is a major shift in volume or the broader crypto market trends higher, it is likely that SHIB will continue to be range-bound in the short-term.

Shiba Inu price is testing the key resistance level at $0.00001290 again but the bears are still in control. If SHIB can break above this level, then it could see a short-term rally towards the next resistance level at $0.00001350.

However, unless there is a major shift in volume or the broader crypto market trends higher, it is likely that SHIB will continue to be range-bound in the short-term.

What is Shiba Inu?

Shiba Inu is a layer-1 blockchain that is home to a rapidly expanding Decentralized Ecosystem of DeFi, Web3, and Metaverse projects. It is powered by the Shiba Inu token, which is used for all transactions within the ecosystem.

The Shiba Inu ecosystem is constantly evolving with new projects and initiatives being launched regularly. Some of the most popular projects in the Shiba Inu ecosystem include ShibaSwap, a decentralized exchange, and Shiba Inu Metaverse, a virtual world being built on the Shiba Inu blockchain.

Shiba Inu is one of the most widely held cryptocurrencies in the world and it has a passionate community of supporters who are invested in its long-term success. The token is listed on all major cryptocurrency exchanges and it can be purchased with fiat currency or other cryptocurrencies.

Ethereum price today: ETH stalls at $1,650, but bullish structure builds for $1,800

Ethereum price hovers at $1,650 as it stalls at a crucial resistance zone.

ETH shows signs of bullish structure with RSI in neutral-bullish territory and MACD nearing a bullish crossover.

Despite bullish signals, immediate resistance persists, and higher volume is needed for a sustained breakout.

Ethereum price is showing signs of a bullish structure as it stalls at a key resistance level. As Rockwell Lee, a crypto analyst at Benzinga, points out, ETH is currently testing the $1,650 resistance zone. A breakout above this level could pave the way for a rally toward $1,800.

This thesis is supported by several technical indicators. The Relative Strength Index (RSI) has returned to neutral-bullish territory (40-60) without signaling overextension.

Meanwhile, the Moving Average Convergence Divergence (MACD) is showing a narrowing spread, which could flip bullish with sustained buying pressure.

Furthermore, Ethereum has now reclaimed its 50-day moving average, adding strength to the trendline.

“The only thing that could hold back this breakout is the fact that price action