Can Shiba Inu Price Overcome the Binance Turbulence? | Shiba Inu Analysis | Shiba Inu News Today

In the midst of the recent Binance turbulence, Shiba Inu (SHIB) has demonstrated remarkable resilience, continuing its upward trajectory despite the challenges faced by many altcoins. This video delves into the factors driving SHIB’s resilience and explores the potential price levels it could reach. Despite the significant changes at Binance, including the departure of its founder and CEO Changpeng Zhao (CZ) and the appointment of Richard Teng, SHIB has weathered the storm. CZ’s guilty verdict for violating anti-money laundering regulations in the US has caused market turbulence, leading to a 6.2% drop in SHIB’s price within a week. However, SHIB has managed to bounce back, maintaining its position as the 19th-highest cryptocurrency. SHIB is currently preparing for a potential breakout from the descending wedge formation, signaling a possible climb to $, representing a 17% increase. To confirm this breakout, SHIB needs to surpass the convergence resistance of around $. Furthermore, SHIB’s token-burning activity has surged by 128%, reaching approximately 9,135,000 SHIB. This token-burning program is crucial for SHIB’s performance in the upcoming bull market, as it reduces the overall supply and potentially increases the price. While the cryptocurrency market is volatile and speculative, SHIB has demonstrated its ability to withstand market turbulence and maintain its upward momentum. With its strong community support and ongoing token-burning activity, SHIB holds the potential to reach significant price levels in the future. Disclaimer: The information provided in this video is for informational purposes only and should not be construed as financial advice. The cryptocurrency market is volatile and speculative, and there is no guarantee that you will make a profit from investing in cryptocurrencies. You should always do your own research before investing in any cryptocurrency. Thank you for watching! Can Shiba Inu Price Overcome the Binance Turbulence? | Shiba Inu Analysis | Shiba Inu News Today Can Shiba Inu Price Overcome the Binance Turbulence? Shiba Inu Analysis Shiba Inu Analysis Today Shiba Inu Price Analysis Shiba Inu Price Analysis Shiba Inu Price Shiba Inu Price Today Shiba Inu Price Prediction Shiba Inu Price Prediction Today Shiba Inu News Today Shiba Inu News Shiba Inu SHIB Price Analysis SHIB Price Prediction SHIB News crypto mash crypto mash news crypto mash news today Crypto Mash Podcast English Crypto Podcast Podcast crypto crypto news crypto news today cryptocurrency cryptocurrency news cryptocurrency news today Coin Bureau BitBoy Crypto Altcoin Daily Benjamin Cowen Telegram Channel Link: Disclaimer: The information provided in this video does not constitute investment advice. Investors should be aware of the high volatility and associated risks of cryptocurrencies and should conduct their own research before making any transactions. Disclaimer – We make videos to educate people, so if you decide to invest after watching our video, we will not be liable for any profit or loss encountered by you in the process. DISCLAIMER: “Copyright Disclaimer under Section 107 of the Copyright Act 1976, allowance is made for fair use for purposes such as criticism, comment, news reporting, scholarship, and research. Fair use is permitted by a copyright statute that might otherwise be infringing. ================================== #ShibaInuPriceAnalysis #BinanceTurbulence #SHIBPricePrediction #SHIBNews #CryptoNews