THE LATEST CRYPTO NEWS

User Models

Active Filters
# shiba inu
#bitcoin #crypto #shiba inu #meme coins #altcoin #altcoins #shib

Shiba Inu (SHIB) might have its price increase more than fivefold from where it is now, based on recent market analysis. The meme coin trades at $0.0000125, down 3% from its daily high and 9% within the last seven days. In spite of these latest plunges, an analyst is optimistic about SHIB’s prospects. Related Reading: TRUMP Token Bloodbath: Whales Lose Big In $8.58 Million Sell-Off Price Target Suggests Whopping Gains Ahead Technical analyst Javon Marks reaffirms his earlier projection that Shiba Inu will most probably reach $0.000081 during the current cycle in the market. This goal is up 500% from the current price. Marks mentions SHIB’s bull run to $0.000033 in December 2024. Then, the price drops back to $0.000010, which according to the analyst, is “expected” and part of a healthy correction process. The token settled above $0.00002 as of the close in 2024, something Marks considers as validation of his technical perspective. Present price levels at $0.00001290 now are what he terms a base for the anticipated higher move. We maintain our $0.000081 breakout target for $SHIB (Shiba Inu), projecting a nearly +500% uphill run to reach it… https://t.co/8OdILFYB5q pic.twitter.com/jTxSAGqiWA — JAVON⚡️MARKS (@JavonTM1) May 3, 2025 Technical Indications Suggest Hidden Bullish Divergence As per market reports, the chart of SHIB shows a trend called hidden bullish divergence. This occurs when prices create higher lows but technical indicators such as RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) give lower lows. Marks infers this pattern is indicative of increasing buying pressure hidden beneath, contrary to apparent weakness in near-term momentum measures. The token remains above such key levels of support while also establishing higher price lows, adding to its technical strength. Buyers and sellers wait for a break from the sideways pattern of recent trading, something that may force prices upward when volume increases. Related Reading: BNB Bulls Target $644 As Classic Chart Formation Emerges Long-Term Holders Keep Growing Meanwhile, latest data indicates growth in SHIB investors with over one year holding the same. The segment has consistently increased since mid-2022 and continued to grow through early 2025. Long-term holders grew during both price appreciation and depreciation, indicating steady accumulation during any market condition. An expanded foundation of long-term holders normally tames selling pressures, assisting with price support as well as other important support areas. The size of short-term traders (lesser than a month’s holders) declined by 35%. Holders with intermediate terms have risen by 3%. This change demonstrates deceleration towards short investment programs. Featured image from Unsplash, chart from TradingView

#markets #news #technical analysis #shiba inu #ai market insights

Institutional investors accumulate despite volatility, with 109 new SHIB millionaire wallets emerging in April.

#bitcoin #crypto #shiba inu #meme coins #meme coin #shib

Shiba Inu (SHIB) hit a high of $0.00001511 on April 26, 2025, its highest value this month in what experts refer to as a see-saw run. The meme coin failed to break a significant resistance level that contains a huge chunk of all SHIB coins in circulation, as per market information. Related Reading: Only XRP? Expert Claims That’s All You Need To Succeed Analysts Point To Possible 100% Price Jump Analysts indicate that Shiba Inu may double in price if it can break through the lower resistance level close to its monthly high. Shattering the higher resistance at $0.000018 would equate to breaking what traders refer to as a 540 trillion SHIB sell wall – a pool of coins distributed over 152,700 wallet addresses. ???? #SHIB READY FOR A BREAKOUT! ???? CHART SHOWS A POTENTIAL TREND REVERSAL WITH A STRONG UPSIDE MOVE COMING. ???? WATCH FOR A BREAK ABOVE RESISTANCE TO CONFIRM BULLISH MOMENTUM! ???? pic.twitter.com/LwHOBPfwh6 — Market Spotter (@MarketSpotter) April 29, 2025 Market Spotter indicates that regaining the $0.000014 price level may decide SHIB’s direction for months to come. Almost 40% of those who own the dog-themed cryptocurrency are in profit at present. A breakout above $0.000014 would reverse this figure, leaving the majority of SHIB owners in profitable positions for the first time in weeks. Price Stuck In Narrow Trading Range The meme coin now trades within a tight 24-hour price range of $0.0000130 to $0.00001374, according to recent charts from IntoTheBlock. While prices are consolidating, some large investors seem to be adding more. The Chaikin Money Flow (CMF) indicator has once again turned positive, indicating renewed buying by deep-pocketed traders. Although it has risen more than 10% this month, technical indicators are sending mixed signals. The Stochastic Relative Strength Index is between 11 and 9, indicating SHIB may be trading below what experts view as its fair market value. This is even as trading volumes have fallen in recent days. Massive One-Day Token Burn Raises Eyebrows Meanwhile, more than 280 million SHIB tokens were irreversibly taken out of circulation in one day. Based on tracking platform Shibburn, this is a 38,299% rise in the burn rate – an unprecedented increase that surprised many market observers. Source: Shibburn Related Reading: Code Wars: Cardano Claims The Crown From Ethereum In Core Development This drastic burn lowers the circulating supply to around 584 trillion tokens. The SHIB community has long advocated for token burning as a means of inducing scarcity, which in theory would drive up the value of existing coins by lowering supply. The recent burn is a stark reversal following weeks of declining token removal rates. This is seen by some as a sign of renewed confidence among “whales,” or large investors, as well as smaller token holders, but others caution that burn rates alone do not necessarily indicate price ascent. Market participants are now closely monitoring if the synergy of technicals, increasing whale appetite, and token burning aggression will be enough for SHIB to break its strong resistance levels. With general market sentiment picking up in cryptocurrencies, the next couple of weeks could be crucial for the direction of the price of the popular meme token. Featured image from Gemini Imagen, chart from TradingView

#shiba inu #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibust

Despite not being in the spotlight recently like its counterpart Dogecoin, the Shiba Inu price has managed to exceed expectations and close three consecutive green weeks. The meme coin is showing signs of bullish continuation after a long stretch of consolidation, and a resulting breakout from such momentum could be enormous. To put it plainly, its 2024 400% breakout could pale in comparison to what is coming if Shiba Inu manages to complete its breakout. Shiba Inu Green Closes Point To Bullishness A pseudonymous crypto analyst has pointed out some interesting formations in the Shiba Inu price chart, which seem to have gone under the radar. For example, the Shiba Inu price has marked its 3rd consecutive weekly close and continues to flash signs of more price increases. With the most recent break and close in the green, Shiba Inu is now looking to break above its long-term support. Related Reading: XRP Price Ready To Reach $8 As Consolidation Breaks – Here’s The Timeline Currently, the Shiba Inu price is still trading above its August 2024 low before its 400% breakout. This suggests that the meme coin could be on the ground floor of something extraordinary, especially as the majority of its investors sit underwater, according to data from IntoTheBlock. If this bullish momentum is maintained, the crypto analyst sees the meme coin rallying to brand-new all-time highs. The first target is @0.000139, which would be an 894% rally from its current level, as well as 50% higher than its current peak of $0.00008. Another more bullish target is that the Shiba Inu price could reach as high as $0.000220. This is a 1,479% increase in price and 150% higher than the current all-time high. The post read: We will have to wait and see, it is too early but the market is turning green now and will continue to trade green. It can happen that it go higher rather than lower based on the chart. It can happen that rather than overestimating the potential of this pair, we are underestimating it, this too would be good, the more it grows the better it gets. The Other Side For The Shiba Inu Price While the fact that the Shiba Inu price closed three weeks with green candles is commendable, it is possible that this might not end well for the meme coin. Looking back to November-December 2024, which is the last time that SHIB saw three consecutive green weekly closes, what followed was catastrophic. Related Reading: Ethereum Price Reaches Last H1 Support, Next Major Resistance Comes Into View The price went on a rapid downtrend with three red weekly closes following the three green weekly closes. The following weeks were not much better as the Shiba Inu price only saw one green weekly close in eight weeks. Therefore, if this were to repeat this time around, then it is possible that the SHIB price could see a downtrend before picking back up. Featured image from Dall.E, chart from TradingView.com

#whales #shiba inu #shib #memecoins #meme crypto

New blockchain information shows that large investors remain in control of the Shiba Inu crypto market, potentially creating both stability and risk for smaller traders. The meme coin has experienced regular trading activity throughout while exhibiting zero price actions over recent days. Related Reading: Today’s $1K XRP Bag May Become Tomorrow’s Jackpot, Crypto Founder Says Major Holders Hodl Most Of SHIB Tokens According to blockchain tracking site IntoTheBlock, around 74% of Shiba Inu’s 95 billion circulating tokens are in whale-like large addresses. The concentration is high and puts the token’s ecosystem into the hands of few wealth investors. Concentration among large holders sends contradictory signals to the market: some analysts interpret it as a confidence vote for SHIB’s future, while others see it as a double-edged sword that creates an unstable environment wherein the big players would set off cataclysmic price fluctuations should they wish to liquidate their assets. Weekly Transaction Volume Exceeds $120 Million In the same tracking metrics, there have been large trades covering over $120 million with respect to SHIB within the last week (each trade being above $100,000). This substantial trading volume comes despite minimal price action, with the meme crypto having a current price tag of $0.00001226 and showing less than 1% daily change. The volume of transactions provides a glimpse into institutional and whale-scale activity on the platform, a market analyst disclosed. The ongoing high-value transactions indicate sustained interest among large investors, despite the price staying flat. Retail Traders Confronted With Reassurance And Risk The large holding of SHIB tokens by rich investors is a mixed picture for small investors. On the positive side, the investment from such huge investors could assuage retail investors regarding the token’s stability and long-term worth. But this configuration also creates substantial risk. Any abrupt change of position by these large holders can bring on rapid and steep price action. Market watchers point out that when the ownership is so concentrated, even normal portfolio rebalancing by a handful of large holders can make a huge market disturbance. Crypto Market Watches Whale Behavior For Price Signals Since whale activity usually precedes significant market action, it is closely monitored by the crypto community. With over 70% of the SHIB supply in the hands of moneyed investors and $120 million in recent high transactions, many are keeping tabs for reversals in sentiment from such powerful hands. Related Reading: Whales Swallowing Bitcoin Fast — Will This Push BTC Price Up? The current context of SHIB truly depicts a classic case of where a few well-to-do investors can significantly impact price action in cryptocurrency markets. In these circumstances, the very high transaction volumes reflect true interest among institutional investors, while the extreme concentration of holdings must certainly remain a foremost consideration in the assessment of any market dynamics concerning SHIB. Featured image from Gemini Imagen, chart from TradingView

#nfts #shiba inu #meme coin #donald trump #shib #shib news #shib price #bitget #non-fungible tokens #shiba inu news #shiba inu price #shibusd #shibusdt #shibaswap #finder #treat #gracy chen #unocoin

The Shiba Inu price continues to attract the attention of analysts, who are watching for its next potential move. A recent report from Finder, based on the insights of 26 crypto industry experts, reveals a cautiously optimistic outlook for SHIB.  Finder, a US-based information service, released a new quarterly report featuring price predictions for Shiba Inu in 2025. The report is based on a comprehensive survey conducted in January 2025, during which 26 crypto industry specialists shared their insights on Shiba Inu’s potential price by the end of 2025 and its projected performance through 2035.   Diverging Opinions On SHIB Price In 2025 According to the panel, Shiba Inu is forecasted to reach an average price of $0.0000399 by year’s end, marking an 84.3% increase from its January starting point of about $0.00002165. For its long-term price projection, the panel predicts that the popular meme coin will see a steady rise in the following years, erasing one zero to reach $0.0001971 by 2030 and $0.0008543 by 2035.  Related Reading: Bitcoin Analyst Says Shiba Inu Price Is Not Hitting $1 – Here’s Why Gracy Chen, the Chief Executive Officer (CEO) of Bitget, a crypto exchange, is among the most bullish voices among the panelists for the Shiba Inu price outlook. Chen cites SHIB’s positive technical indicators and recent support/resistance developments as signs of an ongoing bullish trend. She projects that the Shiba Inu price could hit a new target of $0.00006 by year-end. This represents 445.45%. Increase from the meme coin’s current market value of $0.000011. Similarly, Ruadhan O, founder of Seasonal Tokens, sees SHIB closing 2025 at $0.00005, though he warns of Dogecoin’s enduring dominance in the space. He believes that Dogecoin will most likely take the spotlight away from SHIB, making it unlikely for it to reach a new all-time high this year.  Notably, not all panelists share the same bullish optimism for Shiba Inu. John Hawkins, a senior lecturer at the University of Canberra, projects that the price of SHIB will crash significantly, losing half of its value in 2025, falling to as low as $0.00001. His bearish prediction stems from the belief that meme coins could experience a similar decline to that of Non-Fungible Tokens (NFTs). Hawks points to broader macro trends like US President Donald Trump’s political influence and Bitcoin’s dominance as key barriers that would limit meme coins’ growth.  Shiba Inu And Dogecoin Rivalry Continues  Despite the majority of Finder’s panelists having significantly bullish projections for the Shiba Inu price, 79% of them agree that SHIB will never surpass Dogecoin in market capitalization. Sathvik Vishwanath, the CEO of Unocoin, believes SHIB’s substantial circulating supply currently and speculative nature limit its long-term bullish prospects. This is despite its rapidly evolving ecosystem, which includes innovative projects like ShibaSwap and the upcoming TREAT token. Related Reading: Shiba Inu Burn Update: 99.44% Daily Burn Crash Could Spell Trouble For Meme Coin When asked whether now is the right time to buy, sell, or hold SHIB tokens, the panel was divided: 57% recommended holding, 13% advised buying, and 30% suggested selling. In addition, opinions on Shiba Inu’s current valuation were mixed. 48% of the panel believed that SHIB was overpriced, while 44% stated that it was fairly priced.  Ronen Cojocaru, the CEO of 8081 Inc., was among the most bullish panelists. He forecasted that SHIB could hit $0.00000743 by year-end, although he acknowledged that Shiba Inu is currently overpriced. Featured image from Pixabay, chart from Tradingview.com

#crypto #dogecoin #shiba inu #meme coins #doge #altcoin #shib

A recent poll indicates that financial experts remain skeptical if Shiba Inu is able to overtake Dogecoin in value. The poll, conducted by Finders, surveyed 14 finance experts for their opinion on whether SHIB will ever overtake DOGE in market capitalization. Their findings? A whopping 79% of the total participants believe that Shiba Inu will never flip Dogecoin in the area of market capitalization. Related Reading: Crypto Holders Beware! New Malware Drains ETH, SOL, XRP Wallets Survey Reports Overwhelming Consensus Against SHIB Flipping DOGE The results point to a distinct stance by the majority of experts. A mere 7% of those polled showed confidence that SHIB would at some point in the future surpass DOGE, and these few stalwarts predicted it could occur as soon as 2026. The other 14% were uncertain about SHIB’s fate. The overwhelming rejection of Shiba Inu’s ability to replace DOGE as the leading meme coin mirrors wider market opinion regarding the two tokens. Supply Issues Present Major Hurdle For Shiba Inu Huge challenges in the SHIB token supply are one potential consideration preventing overtaking Dogecoin, Dr. Sathvik Vishwanath, Unnocoin’s jurisdictional head, disclosed. Consider the circulating supply of SHIB at 589.25 trillion versus just 148.82 billion for DOGE: the supply gap is massive. Vishwanath said that despite Shiba Inu’s excellent tokenomics and solid community support, the massive token supply keeps SHIB from taking over DOGE’s market cap. Huge Disparity In Current Market Position At present, Dogecoin is at the eighth position among cryptos with a market cap of $24.60 billion, while Shiba Inu holds 17th place with a market capitalization of $7.3 billion. SHIB would have to increase its worth by 240% to reach DOGE’s current rank by assuming that Dogecoin’s price remains constant, and both tokens share the same circulating supply. Related Reading: Solana Hits Milestone As Canada OKs First Spot ETFs Current Whale Activity Suggests Possible Turnaround Contrary to the negative expectations of analysts, new trading statistics show a significant Shiba Inu rise. According to IntoTheBlock, with whales dominating, SHIB daily trade volume rose to 224 billion tokens in 24 hours. Inflows from large-holders increased from 96 billion SHIB on April 13 to over 224 billion on April 14. This rise in interest from major investors could be a sign of changing sentiment as whales will set up before they anticipate a move in prices. This isn’t the first time these cryptocurrencies have seen conflicts regarding superiority. In 2021, Shiba Inu briefly dethroned Dogecoin when its market cap touched $39 billion. Alas, this victory was short-lived as DOGE quickly reclaimed the title of the number one meme coin. Featured image from Pixabay, chart from TradingView

#markets #technical analysis #shiba inu #shibarium

Despite recent market turbulence, Shiba Inu shows signs of technical recovery while Shibarium reaches 1 billion transaction milestone

#bitcoin #shiba inu #shibarium #meme coin #donald trump #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibusdt #shibariumscan

Shiba Inu’s layer-2 network, Shibarium, has officially crossed one billion total transactions, a significant achievement for the ongoing push to expand beyond meme coin status. Shibarium’s growth stems from steady activity and the adoption of the layer-2 network within the broader Shiba Inu ecosystem. However, this major milestone hasn’t translated into positive momentum for SHIB’s price, which has been under bearish pressure for weeks now alongside the rest of the crypto market. Shibarium Surpasses 1 Billion Transactions With Intensifying Network Activity The launch of Shibarium in August 2023 marked a turning point for the meme cryptocurrency’s ecosystem. The goal of the layer-2 network was to improve the speed and lower the cost of Shiba Inu transactions on the Ethereum blockchain. Since its launch, Shibarium has consistently increased user participation, smart contract deployments, and daily transactions. Related Reading: Shiba Inu’s Shibarium Records Heartbreaking 96% Crash In Transactions, What’s Going On? According to data from Shibariumscan, total transactions have now exceeded the one billion mark, showcasing the sheer amount of activity the network has processed. At the time of writing, Shibarium boasts 1,012,261,457 transactions processed in 10,284,922 blocks and 194,705,571 addresses created. Daily transaction volumes frequently reach the millions, sometimes tens of millions, during periods of high activity in the wider crypto market. Notably, the number of transactions processed on the Shibarium network in the past 24 hours has reached 2.75 million, with an even larger 4.11 million processed in the previous 24-hour timeframe. However, despite the milestone and notable transaction activity, SHIB has failed to make any meaningful price gains. Why Is Shiba Inu Price Still Struggling And Holding Flat Near $0.000012? SHIB’s price performance has been far less encouraging despite Shibarium’s transaction milestone. Since its launch, major milestones tied to the Layer-2 network have often led to increased buying activity. During earlier stages of Shibarium’s rollout, even modest developments were enough to spark rallies or at least short-term price jumps for SHIB.  Related Reading: Shiba Inu Burn Update: 99.44% Daily Burn Crash Could Spell Trouble For Meme Coin However, the correlation between Shibarium milestones and SHIB’s price has finally detached, and the hype has finally faded. Shibarium is now only a strong part of the Shiba Inu ecosystem, but its ability to influence the sentiment among crypto investors and price action has diminished. However, outside this detachment, the crypto markets have been generally bearish for a while. The entire crypto landscape has experienced a persistent pullback since early March, with many large-market-cap cryptocurrencies struggling to find upward momentum. Bitcoin and other major cryptocurrencies have been on a pullback, which was recently made worse by Donald Trump’s tariffs announcement. Over the past seven days, SHIB has been locked around the $0.000012 level and is currently down by 9.4%. The absence of strong buying interest has kept SHIB’s price trapped within this tight downfall, and there is even a risk of it falling below $0.000012 anytime soon. At the time of writing, Shiba Inu is trading at $0.00001210, down by 1.2% in the past 24 hours. Featured image from Adobe Stock, chart from Tradingview.com

#shiba inu #meme coins #altcoin #altcoins #cryptocurrency #shib

The Layer-2 blockchain of a popular meme coin has achieved a remarkable feat processing over 1 billion transactions since its inception in 2023. The significant milestone attained by Shibarium, the Layer-2 blockchain of Shiba Inu, could be an indication of the growing adoption of the token within the cryptocurrency space. Related Reading: Could XRP Actually Reach $10,000? Expert Weighs In Shiba Inu Milestone: 1 Billion Transactions Reports disclosed that in less than two years, Layer-2 blockchain Shibarium has already made a mark in the crypto space after the token has processed its 1 billionth transaction.  Meme coin Shiba Inu only introduced Shibarium in August 2023 and four months before celebrating its second anniversary, its transaction volume has surpassed the 1 billion mark. Analysts said that Shibarium achieved the incredible feat of 1 billion transactions yesterday, March 31, noting that the Layer-2 blockchain was able to reach that level after recording four million transactions daily. As of writing, Shiba Inu’s blockchain has reached the record level with a current transaction volume of over 1.001 billion. Market observers believed that Shibarium’s achievement suggested that the blockchain can handle high transaction volumes, which they attributed to the token’s robustness and the active participation of the blockchain community. Faster Than Bitcoin Crypto analysts said that other blockchains like Bitcoin and Ethereum have already processed more than a billion transactions. However, they noted that what makes Shibarium’s achievement stand out is the speed at which it reached that remarkable feat. Market observers compared Shibarium with other established blockchains that attained the same mark. They explained that Shibarium’s journey to attain 1 billion transactions is unique because the Layer-2 blockchain achieved it faster than the other blockchains. For example, Bitcoin needed 15 years to reach 1 billion transactions, while Shibarium did it in less than two years.  Over 193 Milion Addresses Aside from the milestone in transactions, the popular L2 blockchain also has more than 193.93 million blockchain addresses that have interacted with Shibarium since it was introduced in 2023. According to Shibariumscan, Shiba Inu’s blockchain network boasted a total of 10.23 million mined blocks, with an average block time of 5.0 seconds.  Related Reading: Pepe Whale Triggers Panic, Dumps 150 Billion Tokens As Price Falls The Layer-2 blockchain was launched on August 16, 2023, after posting its first transaction. Early in its operation, the Shibarium faced technical issues that put it offline for two weeks after it was launched. It went online again in late August 2023 and has been operational ever since.  Featured image from Gemini Imagen, chart from TradingView

#ethereum #bitcoin #crypto #eth #btc #shiba inu #meme coins #shib #memecoins

There’s an unexpected trend in the world of cryptocurrencies. According to the latest data from IntoTheBlock, the meme-based crypto Shiba Inu has shown a solid resilience in investor loyalty. Related Reading: Ethereum Rally Incoming? Analyst Predicts Breakout Beyond $2,100 Unforeseen Holder Statistics Disclosed Market research shows Shiba Inu has 76% of its holders keeping their tokens for over a year. So—almost three-quarters of SHIB token folks don’t sell quickly. Interesting, right? This is higher than Bitcoin and Ethereum, which have 73% and 74%, respectively, long-term holders. Long-term holders keep their tokens for over a year. When the percentage of these holders is higher, it shows investors believe in the asset and think it’s got potential. This chart shows the amount of long-term holders across various assets???? Which one stands out to you? pic.twitter.com/hRXeTxdVm5 — IntoTheBlock (@intotheblock) March 21, 2025 Breakdown Of Numbers Shiba Inu stands out. Some 76% of accounts have held tokens for more than 12 months. Then, 22% held between one and 12 months. Only 2% are new and have held tokens for less than a month. More people are holding onto their tokens even when there’s lots of optimism around. And, well, that means they think the asset’s worth it in the long run. Think of it like this: if most people hold on, it’s a good sign. They don’t sell quick—they wait… and that says a lot. So, more long-term holders, more confidence in the asset. Bitcoin’s story is a bit different. It has 74% long-term holders with 22% held for one to 12 months. Perhaps most importantly, Bitcoin displays a greater percentage of new investors, with 5% owning tokens for less than a month – over twice Shiba Inu’s number. Time Tells A Deeper Story What is more impressive with this data is the average holding period. Even though Shiba Inu was launched five years later than Bitcoin, it shows an impressive 2.6-year average token holding period. This is compared to Ethereum at 2.4 years and 4.4 years for Bitcoin. Related Reading: Shiba Inu ETF Proposal—Could This Be SHIB’s Breakout Moment? According to crypto experts, these numbers show more people have faith in Shiba Inu now. The memecoin is surprising everyone with how strong it is. Sure, Bitcoin is the oldest and best-known cryptocurrency, but Shiba Inu’s loyal investors suggest a bright future. Info from IntoTheBlock gives a peek at what investors are doing and how Shiba Inu stands out in a fast-moving market. As market analysts say putting money into cryptocurrencies is still very risky – if you’re thinking about it – you must do your homework thoroughly. Know the risks. Featured image from Gemini Imagen, chart from TradingView

#news #crypto #solana #dogecoin #shiba inu #meme coins #doge #wallet #meme coin #token #pepe #shiba inu news #cryptocurrency market news #ethereum news #pepe coin #ai and tech

Meme coiny konečne ožívajú. Na čele stojí populárny coin PEPE a hneď za ním celá rada obľúbených coinov. Neistotu, ktorá vládla na trhu už od januára vystriedal optimizmus. Pepe coin vzrástol o viac ako 20 % a predikcie signalizujú pokračovanie tohto trendu. Držitelia Pepe teraz naviac sústreďujú časť svojich prostriedkov do novej AI verzie Pepe the Mind (MIND). Ak táto kryptomena s vlastným AI agentom bude pokračovať rovnako úspešne, ako počas predpredaja, mohla by dokonca prekonať úspechy samotného PEPE. Preskúmať projekt Mind of Pepe Meme coiny idú hore: Trh si polepšil o 9 miliárd dolárov Prvá polovica marca bola pre trh s meme coinmi doslova bezútešná. Po medveďom trhu, ktorý trval od januára, stratili meme coiny počas prvých dvoch marcových týždňov 33 %. Kým ešte 3 marca bola táto hodnota na 65,36 miliardách dolárov, už o dva týždne trh registroval len 43,31 miliárd $. Avšak tu sa tento pokles konečne zastavil a ceny meme coinov ožívajú. Dôvodov je niekoľko. Za zmienku stojí zmiernenie colnej politiky USA voči svojim obchodným partnerom a rozhodnutie Federálneho rezervného systému (Fed) nezvyšovať úrokové sadzby. Fed plánuje do konca roka pristúpiť k ich znižovaniu. To je dobrá správa pre investorov, ktorí zvažujú doplniť svoje portfólio o rizikovejšie aktíva s vyššou mierou výnosnosti. Pri bližšom pohľade na údaje z CoinMarketCap si najlepšie vedie práve coin PEPE. Cena PEPE stúpla za posledných 7 dní o 20,1 %, DOGE o 19,2 % a na treťom mieste je coin SHIB s nárastom o 18,9 %. Zdroj: coinmarketcap.com Držitelia PEPE môžu očakávať ďalší rast PEPE sa aktuálne obchoduje okolo 0,0000089 $ a analýza trhu naznačuje, že by mohol pokračovať v ďalšom raste. Podľa údajov IntoTheBlock sa priemerný čas držania obchodovaných coinov PEPE za posledné dva týždne zvýšil a dosiahol objem 2,67 bilióna. Ak bude tento trend pokračovať, PEPE si môže udržať svoje zisky z posledných 14 dní. Zdroj: cnn.com Súčasne hodnota Relative Strength Index (RSI) prekonala neutrálnu hranicu, čo signalizuje pokračujúcu býčiu dynamiku. Odborníci odhadujú, že PEPE by sa mohol vyšplhať až na 0,000016. To však za predpokladu, že sa mu podarí prelomiť rezistenciu na úrovni 0,000010 $. Zdá sa však, že najvýraznejšie zhodnotenia má už PEPE za sebou. Investori teraz siahajú po novej AI verzii Pepe. Poďme sa pozrieť bližšie na AI coin Mind of Pepe (MIND) a dôvody, prečo do neho investori vložili už viac, ako 7,6 milióna dolárov. Samotná kryptopeňaženka Best Wallet zaradila nový coin MIND medzi top predpredaje pre tento rok. Nastupuje doba AI coinov: Investori siahajú po Mind of Pepe s autonómnym AI agentom ​Rok 2025 sa nesie v duchu technických inovácií, globálneho ekonomického napätia a hlbokej integrácie umelej inteligencie (AI). Využívanie AI nástrojov je nepopierateľne na vzostupe aj vo svete blockchainových technológií, čo zvyšuje záujem o AI kryptomeny. Kým ešte v roku 2023 predstavoval celkový objem trhovej kapitalizácie len 4,9 miliardy dolárov, dnes majú AI coiny hodnotu 30 miliárd dolárov. Aj toto je jeden z dôvodov prečo je o nový coin Mind of Pepe (MIND) výrazný záujem. Tento kryptomenový projekt využíva najmodernejší model AI na analýzu trhu a interakciu s komunitou. Držitelia tokenu MIND budú mať prístup k autonómnemu AI agentovi schopnému analyzovať kryptomenový trh v reálnom čase a poskytovať členom ekosystému tipy k úspešnému obchodovaniu. Pokročilý AI agent sa bude zapájať do diskusií na relevantných platformách, identifikovať trendy a poskytovať aktuálne informácie o trhovom sentimente. Zdroj: mindofpepe.com O token MIND je záujem nie len zo strany nadšencov tematiky Pepe the Frog, ale vďaka novej funkcionalite tiež aj zo strany investorov, ktorí sa chcú zorientovať v komplexnom svete kryptomien. Interakcia s AI agentom im umožní optimalizovať obchodnú stratégiu a získať výhodu na tomto neustále sa meniacom trhu. V predpredaji sa vyzbieralo už viac ako 7,6 miliónov dolárov. Obzvlášť silný záujem je tiež o pasívny príjem, ktorý ekosystém Mind of Pepe umožňuje. Po kúpe tokenov MIND ich totiž môžete uzamknúť na dlhšie časové obdobie s ročnými odmenami za staking vo výške až 295 %. Token MIND si môžete kúpiť za aktuálnu predpredajnú cenu 0,0035946 $ priamo na domovskej stránke projektu, alebo v aplikácii Best Wallet. Prejsť na projekt Mind of Pepe

#crypto #shiba inu #shibarium #meme coins #altcoins #shib

A Shiba Inu marketing executive has sparked talk about a possible ETF for the popular meme cryptocurrency. Her recent statements come as the token saw its burn rate jump by more than 8,000% in a single day, according to market watchers. Related Reading: Tron And Bitcoin: Will A Block Reward Cut Boost TRX Price? SHIB Exec Points To Exchange Presence As ETF Factor Lucie, who serves as a marketing lead for Shiba Inu, posted on X that SHIB has the right qualities to become an ETF. She highlighted that the cryptocurrency is currently available on over 110 exchanges with 212 trading pairs. This wide availability, she says, makes SHIB a strong candidate for an exchange-traded fund. “Because SHIB isn’t just a meme—it’s decentralized, community-driven, and built to last,” Lucie wrote in her post. Her comments have gained attention as investors look for signs that meme coins might follow the path of Bitcoin and Ethereum in securing ETF approval. SHIB is listed on over 110 exchanges with 212 trading pairs—including all the major platforms. It’s basically everywhere: easy to access, easy to trade. Is SHIB good for an ETF? YES. Will boomers invest in a “doggy coin”? Also yes. Because SHIB isn’t just a meme—it’s… — ???????????????????? (@LucieSHIB) March 23, 2025 Recent Crypto ETF Filings Fuel Speculation The conversation around a possible Shiba Inu ETF follows several developments in the cryptocurrency ETF space. According to reports, Canary Capital recently filed an S-1 form with the US Securities and Exchange Commission seeking approval for a SUI ETF. The SEC has also acknowledged Grayscale’s filing for a Dogecoin ETF, which has increased talk about similar opportunities for other meme coins. Some market watchers have suggested that BlackRock might file for a Dogecoin ETF, though this remains unconfirmed. These developments have created an atmosphere where investors are considering which cryptocurrencies might next receive ETF treatment. Massive Jump In Burn Rate Catches Investor Attention As ETF discussions picked up steam, SHIB saw its burn rate increase by 8,457% on Monday. Based on data from tracking sites, more than 1 billion SHIB tokens were permanently removed from circulation in a 24-hour period. The burn mechanism works by sending tokens to a specific address where they can never be retrieved, effectively reducing the total supply. After this large burn, the circulating supply stands at 584.35 trillion coins. Cryptocurrency markets often react positively to supply reductions, following basic supply and demand principles that suggest fewer available tokens might lead to price increases. Price Movement Remains Modest Despite Market Optimism Despite the excitement around potential ETF developments and the dramatic burn rate increase, SHIB’s price movement has been relatively small. The meme coin saw just a 1% price increase, reaching $0.00001303 at the time of writing. The price ranged from $0.0000128 to $0.00001309 over the previous 24 hours, showing limited volatility despite the news. Related Reading: Ethereum Whales Pounce On The Dip, Snag $236 Million In ETH Meanwhile, market data from Coinglass shows growing interest in SHIB derivatives. The open interest in Shiba Inu futures increased by 3.5% to $120 million, while trading volume jumped 20% to $70 million. These indicators suggest one thing: traders are now paying close attention to the meme coin — even if the price hasn’t yet reflected the optimism expressed by community figures and some investors. While a Shiba Inu ETF would provide some boost to the appeal of Shiba Inu, regulatory approval remains up in the air. The SEC has only recently approved Bitcoin and Ethereum ETFs after years of applications, suggesting that meme coins may face a long road to similar recognition. Featured image from Gemini Imagen, chart from TradingView

#shiba inu #meme coins #altcoin #altcoins #cryptocurrency #shib

The ecosystem of a popular meme coin has attained two major milestones, showing the continued interest in the token that could lead to a bullish scenario. Analysts reported that Shiba Inu recently reached 1.5 million holders while its Shibarium recorded 10 million blocks, an indicator that the SHIB ecosystem could attract new users. Related Reading: XRP Puzzle: London Fund Manager Breaks Down Why Price Isn’t Rising 1.5 Million SHIB Holders Crypto analysts revealed Shiba Inu successfully achieved a major milestone, offering a bright spot for the broader cryptocurrency market which has faced some challenges recently. The project’s marketing lead, LUCIE noted that the meme coin hit 1.5 million holders on March 18, reaching such a milestone is an important achievement for any crypto. As of writing, about 843 new holders have joined the Shiba Inu ecosystem, indicating that the token remained attractive to traders. SHIB has reached 1.5 million on-chain holders! ???? pic.twitter.com/sKaAO57R6I — ???????????????????? (@LucieSHIB) March 18, 2025 Analysts believe that Shiba Inu’s milestone suggests continued interest in the meme coin, fueling the token’s significant growth. It also showed a bullish outlook on the meme coin. Market observers said that the milestone might signify the unwavering belief of its community in the token. 10 Million Blocks For Shibarium Meanwhile, Shiba Inu’s Ethereum Layer 2 network, Shibarium also recorded a win after surpassing 10 million blocks with an estimated 10,010,974 blocks as of press time. Crypto analysts said that this achievement is proof of the network’s longevity and reliability, adding that it could entice more new users. Market observers noted that the network has experienced exponential growth in total addresses in the last few weeks as it now tallies almost 175 million. Shibarium’s growth is crucial in burning SHIB tokens and a major price control mechanism. Many investors are optimistic that diminishing supply and solid demand might send the token to surge. Shibarium played an essential role in burning around 713 million SHIB. Unmoved By The Crypto Downturn Many analysts say that milestones achieved by Shiba Inu and Shibarium offer a great deal of hope to investors, considering the ongoing downtrend in the cryptocurrency market. For instance, Shiba Inu tanked by about 68% in the last four months, dipping from a high of $0.00003343 in December 2024 to a low of $0.00001082 in March 2025. On the other hand, some analysts raised their concern about Shiba Inu underperforming the competition, noting that the token only increased by 98% following the US presidential election, while the Dogecoin skyrocketed by 200%. Related Reading: XRP Vs. ETH: Bold Prediction Claims ‘Dying’ Ethereum’s Reign Is Ending Currently, Shiba Inu is traded at $0.00001288 per token, down by 0.2% in the past 24 hours with a total market cap of over $7.5 billion. Featured image from Getty Images, chart from TradingView

#shiba inu #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibusdt #m&a #macd #moving average

Shiba Inu is gaining momentum as its price breaks above the critical 100-day moving average, a sign that bullish sentiment may be strengthening. This breakout marks an important shift in SHIB’s market structure. Historically, moving averages serve as dynamic support and resistance levels, and reclaiming the 100-day SMA often signals renewed upward potential. If SHIB can sustain this breakout, it could pave the way for further gains, attracting more bullish interest and potentially triggering a rally toward higher resistance levels. However, traders remain cautious, as maintaining this momentum is key to confirming a trend reversal. Any failure to hold above the moving average may invite renewed selling pressure, leading to a possible retest of support zones. Market Sentiment Shifts: Are Shiba Inu Buyers Gaining Control? Shiba Inu’s recent price movement above the 100-day moving average suggests a potential shift in market sentiment, with buyers showing renewed interest. Increased trading volume and a steady uptrend indicate that an upside trajectory could be building, challenging the previous dominance of sellers. Related Reading: Shiba Inu Price Eyes 250% Surge Amid Falling Wedge Breakout SHIB’s price trading above the 100-day SMA signals growing bullish momentum, turning this level into key support. Additionally, the MACD and signal line trending above the zero line reinforce positive sentiment, suggesting buyers are gaining control. If momentum holds, SHIB might sustain its upward move, but overcoming resistance remains crucial. However, for buyers to fully take control, SHIB must sustain its gains to confirm a stronger uptrend. If the momentum continues, confidence in the market is likely to rise, attracting more investors and fueling further upside. A decisive breakout above this level, supported by rising trading volume, could strongly confirm bullish strength. Such a move may trigger increased buying pressure, paving the way for an extended rally toward the immediate resistance level at $0.00001703. Additionally, breaking past this resistance could invalidate bearish expectations and set the stage for a potential test of higher resistance zones such as $0.00002045 and $0.00002631. Support Zones To Watch In Case Of A Pullback Should Shiba Inu face a pullback, key support zones will play a crucial role in determining whether the bullish trend can hold or if bears will take control. The first level to watch is the 100-day SMA, which has now turned into support. SHIB’s maintenance above this level signals strength and renewed buying interest. Related Reading: Shiba Inu 260% Rally: Analyst Sees Classic Bullish Patterns Emerging However, when selling pressure increases, the next critical support zone lies around $0.00001272, where buyers might attempt to stabilize the price and prevent further downside. A break below this level will bring the price toward $0.00000847 or even lower. Holding above these support zones is essential for SHIB to sustain its bullish outlook and avoid a deeper correction. Featured image from Adobe Stock, chart from Tradingview.com

#crypto #shiba inu #meme coins #altcoins #shib #burn rate

Shiba Inu’s price action in the past 24 hours has been characterized by a brief recovery after hitting a low of $0.00001237. This 24-hour price recovery is part of a 15% recovery after Shiba Inu reached a low of $0.00001102 on March 11, which is its lowest point in over a year. In spite of the modest increase in price, a slowdown in a key Shiba Inu metric might threaten this price recovery that’s just beginning. This threat is revealed in the Shiba Inu burn rate, which has taken a massive 99.44% nosedive in the past 24 hours.  Related Reading: 200 Million XRP On The Move—Is Ripple Preparing For A Big Play? Shiba Inu Burn Rate Plummets 99% In A Day Shiba Inu’s burn mechanism has long been considered a vital factor in its tokenomics, reducing the supply to create scarcity and, in turn, drive up value. However, in the last 24 hours, on-chain data shows that SHIB’s burn rate has dropped by an alarming 99.44%, which is a sharp change to the relatively high burn numbers recorded in previous days.   According to data from the Shiba Inu burn tracker Shibburn, a total of 2,811,819 SHIB tokens have been sent to burn addresses in the past 24 hours. Although this might look like a lot of tokens at first glance, it actually falls short of the volume required to make an impact in the current market conditions. It also marks a 99.44% decline from the over 500 million SHIB tokens burned in the previous 24-hour timeframe. Shiba Inu Burn Crash Could Spell Trouble With Weak Market Sentiment The burn rate’s volatility has often coincided with fluctuations in trading volume and overall market sentiment, and this latest crash raises doubts about whether investors are still committed to the long-term burn initiative. The idea behind the Shiba Inu burn process, where SHIB tokens are sent to any of three dead wallets, is that the available supply diminishes by continuously removing SHIB tokens from circulation. This, in turn, makes the remaining tokens more valuable and helps prevent further price declines during market crashes. Related Reading: TRUMP Token Takedown—Did Insiders Plan The Crash? At the time of writing, Shiba Inu is trading at $0.00001285, up by about 3% in the past 24 hours. A resurgence in the burn rate would be an important factor for Shiba Inu to maintain its recent gains and push for further recovery. A consistent and substantial burn rate would contribute to the notion that Shiba Inu has already established a local bottom at $0.00001102 and pave the way for a stronger uptrend.  On the other hand, if the burn rate continues to decline over the next 24 hours, it could weaken this recovery effort and increase the likelihood of a retracement back toward its March 11 low. Featured image from Gemini Imagen, chart from TradingView

#shiba inu #shib #shib news #shib price #sma #shiba inu news #shiba inu price #shibusd #shibusdt #macd #simple moving average

Shiba Inu is at a make-or-break moment as it struggles to recover from a recent support breakdown. The price drop has shaken bullish sentiment, raising concerns about further losses if buyers fail to regain control. Now, SHIB eyes a potential comeback, aiming to reclaim the $0.00001272 level, which has turned into a key resistance zone. Buying momentum must increase for a rebound to gain traction, pushing SHIB above this crucial barrier. However, if bearish pressure persists, the price could face another downward move, leading to deeper losses.  SHIB Loses Crucial Support Shiba Inu recently faced a significant setback as its price broke below the critical support level of $0.00001272. This level had previously acted as a strong floor, providing stability during market volatility. However, increasing selling pressure and bearish market sentiment pushed SHIB below this key threshold, signaling a potential shift in momentum. Related Reading: Shiba Inu Price To $0.000045? Here Are The Major Support And Resistances To Watch Out For Following the breakdown below the $0.00001272 support level, SHIB is attempting to retest this crucial zone. For SHIB, reclaiming this level might signal a reversal, restoring confidence among investors. Nonetheless, failure to break back above $0.00001272 may reinforce bearish momentum, leading to further declines. Despite the ongoing retest attempt, technical indicators reveal weak bullish momentum, raising concerns about SHIB’s ability to recover. The MACD line and the signal line remain below average. Additionally, SHIB continues to trade below the 100-day SMA, reinforcing seller dominance. However, if the bulls manage to push SHIB’s price above the $0.00001272 resistance level and reclaim the 100-day Simple Moving Average (SMA), it could signal a trend reversal. A successful breakout above these key levels may attract renewed buying interest, strengthening upside movements to challenge higher resistance levels such as $0.00001703 and $0.00002045. Downtrend Concerns: Will Shiba Inu Face More Losses? Shiba Inu remains under bearish pressure, sparking doubts about this current bullish recovery. With SHIB trading below key resistance levels and the MACD signaling weakness, sellers currently have the upper hand. Failure to break above the $0.00001272 resistance zone could accelerate losses, pushing SHIB toward lower price levels. Related Reading: Shiba Inu Targets Fresh Highs As SHIB Undergo A Rebound At $0.00002045 If this scenario unfolds, SHIB is likely to test the $0.00000847 support level. Breaking below this key zone may trigger an extended sell-off, potentially pushing the price toward the $0.00000534 support area.  Such a drop could indicate growing bearish dominance, shaking investor confidence, and leading to increased selling pressure. For SHIB to avoid deeper losses, buyers must step in at these crucial levels and prevent the meme coin from entering a prolonged downtrend phase. Featured image from Adobe Stock, chart from Tradingview.com

#shiba inu #shib #shib news #shib price #sma #shiba inu news #shiba inu price #shibusd #shibusdt #macd #simple moving average #moving average convergence divergence

Shiba Inu is under mounting pressure, bringing the key $0.00001272 support level into focus. After multiple failed attempts to reclaim higher levels, sellers have tightened their grip, pushing SHIB toward a potential breakdown.  The declining buying interest and growing bearish sentiment suggest that a decisive move below this support could open the door for a deeper correction, reinforcing a more bearish outlook for the meme coin. If bulls fail to step in and defend this critical zone, SHIB could see increased volatility, with lower support levels coming into play.  On the other hand, a strong rebound from this area may signal a potential shift in momentum, giving buyers a chance to regain control. As uncertainty looms, traders closely watch whether SHIB can hold firm or if the bears will push for a downside in the coming sessions. SHIB Price Dips Further, Is A Breakdown Imminent? After a steady upward move, Shiba Inu encountered strong resistance, halting its bullish performance and triggering a renewed wave of selling pressure. This rejection has intensified the bearish sentiment, driving SHIB’s price downward toward the critical $0.00001272 support level.  Related Reading: Shiba Inu Grapples With Heavy Bearish Forces: Will Support Levels Hold? SHIB’s inability to sustain gains above key resistance suggests that sellers remain in control, further reinforced by SHIB’s continued trade below the 100-day Simple Moving Average (SMA). With the price struggling to regain strength, the risk of a deeper decline looms, as a confirmed breakdown below this support might accelerate losses and push SHIB into a more extended downtrend. The current fresh decline in SHIB’s price is being bolstered by the MACD indicator, which signals growing bearish momentum. The MACD line is trending below the signal line, a classic sign that sellers are in control and that downward pressure is increasing. Additionally, the histogram is expanding in the negative zone, confirming the dominance of a bearish sentiment. If this trend persists, combined with SHIB’s ongoing price action below the 100-day SMA, it could trigger a breakdown beneath the critical $0.00001272 support level.  Potential Rebound Levels For Shiba Inu Shiba Inu is currently testing key support zones that could serve as potential rebound levels. The first major level to watch is $0.00001272, a critical support zone where buyers may attempt to step in and defend against more losses. Should SHIB hold above this level, it would cause a short-term rebound, driving the price toward higher resistance areas. Related Reading: Shiba Inu Price To $0.000045? Here Are The Major Support And Resistances To Watch Out For However, if selling pressure persists and SHIB closes below $0.00001272, the next key support to monitor is $0.00000847. This level represents a stronger demand zone, where a more significant recovery could take place as buyers regain control.  A successful bounce from this area indicates a shift in momentum, providing SHIB the opportunity to recover lost ground. For a sustained bullish reversal, SHIB needs to establish strong support at these levels and reclaim key moving averages to regain investor confidence. Featured image from Adobe Stock, chart from Tradingview.com

#crypto #whales #shiba inu #meme coins #shib #memecoins #cryptocurrency market news

The once dominant Shiba Inu (SHIB) is enduring a severe cryptocurrency downturn, seeing a significant 26% price reduction in the last month. Current data indicates the meme token is trading at $0.00001476, with a market capitalization of around $8.7 billion. Despite a slight 1.35% increase in the past 24 hours, SHIB’s general trend remains bearish, indicative of larger market concerns. Related Reading: Chainlink Activity Spikes—2,300 Fresh Addresses In Last 7 Weeks Whale Exodus Endangers Shiba Inu Stability Despite concerns over bearish indicators, some analysts spot optimism in SHIB’s price action. Crypto specialist Javon Marks highlighted an Inverse Head & Shoulders pattern, a formation that typically signals a potential price reversal. According to Marks’ estimate, this configuration might raise SHIB by 400%, bringing its value to $0.000081. However, considering the state of the market today, such projections require careful interpretation. $SHIB (Shiba Inu) prices maintaining the structure of a large Inverse Head & Shoulder and with the $0.000081 target still in play, an over 402% run to reach it could come out of this! https://t.co/WwgfDoTpcU pic.twitter.com/wuZ6c2yrlY — JAVON⚡️MARKS (@JavonTM1) February 22, 2025 Technical Analysis Paints Contrasting Picture With $111 million worth of trades every 24 hours, SHIB controls 0.30% of the entire market. But investors don’t seem to be as sure of themselves because large transactions on the Shiba Inu network have dropped by more than 80% in the last 12 weeks. The sharp decline in whale activity shows that big players’ trust is fading, which makes crypto advocates worry about the short-term future of the coin. Critical Support Levels Under Examination Market analysts are attentively observing two critical support levels that may dictate SHIB’s outcome. The primary support level is set at $0.000011, with a secondary support established at $0.000008. These price levels signify essential thresholds where purchasing demand has traditionally arisen to mitigate negative tendencies. A break beneath these thresholds could precipitate a more pronounced decline, whereas effective defense may restore buyer trust. Related Reading: Against The Tide: SEI Climbs 16% As Market Wobbles Post Bybit Hack The Road Ahead For SHIB The next few weeks will likely make or break Shiba Inu’s market situation. With a drop of 8% this week and a monthly loss of the same amount, the token is facing mounting challenges. The significant disparity between the diminishing interest in whales and the positive technological forecasts has created ambiguity. A decline in large-scale transactions indicates that traders may exercise increased caution, while some maintaining optimism for an unexpected reversal. As investors and holders monitor these developments, SHIB’s short-term trajectory may hinge on its ability to maintain its present price within a secure range. Featured image from Gemini Imagen, chart from TradingView

#shiba inu #shib price #shiba inu price #shibusdt #shib whales #shiba inu coin

The meme coin market has seen a remarkable transformation in the past year, large-cap tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) have managed to stay in the forefront. Specifically, the SHIB token has experienced impressive growth, increasing in value by roughly 65% in the past year. However, the current uncertain climate has not spared any large-cap meme token, including Shiba Inu, with deep corrections and sluggish sideways movement plaguing most of the market in the past two months. As large investors now seem to be exiting the market, this dour condition might persist longer than expected. $1 Million SHIB Transactions On A Steady Decline In a post on the X platform, popular crypto analyst Ali Martinez revealed that the whale class of Shiba Inu investors has become less active in the past three months. This on-chain observation is based on Santiment’s Whale Transaction Count metric, which tracks the number of SHIB transactions worth more than $1 million. Related Reading: Ethereum Price Prediction: Extremely Strong Support And Monthly 55 EMA Says ETH Is Headed For $4,867 Whales refer to entities or individuals that hold significant amounts of a specific crypto asset (Shiba Inu, in this scenario). Crypto whales are often considered key players in the market, as their buying or selling activities can have a significant impact on the SHIB price; thereby resulting in speculation and potential market shifts. According to Martinez, there has been a 79% dip in the activity of the SHIB whales on the Shiba Inu network, suggesting a possible shift in investor sentiment. A steady decline in whale activity often indicates decreased confidence or interest from major holders, especially as they look to rotate into other assets. As seen with the recent Shiba Inu price action, a sustained downturn in large whale transactions is also often associated with a corresponding decline in value and intermittent sideways movement. Hence, if the price of Shiba Inu is to resurrect from its market slump, whale activity on the network would need to pick up as quickly as possible. Shiba Inu Price Overview As of this writing, the SHIB token is valued at around $0.0000156, reflecting an almost 3% price jump in the past 24 hours. While Shiba Inu seems to be consolidating around the $0.000015 level for most of February, the meme coin is yet to fully recover from its recent plunge toward $0.000012 earlier in the month. According to CoinGecko data, the second-largest meme coin is still down by more than 20% in the last 30 days. Meanwhile, the Shiba Inu price has shrunk by nearly 50% in the past three months. Related Reading: Ethereum Price Could Still Reclaim $4,000 Based On This Bullish Divergence Featured image from Unsplash, chart from TradingView

#dogecoin #shiba inu #doge #shib #pepe #dogeusdt #dogecoin open interest #dogecoin futures

Data shows the Dogecoin Open Interest has seen a large drop recently. Here’s how the trend has compared for Shiba Inu and other memecoins. Dogecoin Has Witnessed A Decline In Open Interest Recently In a new post on X, the analytics firm Glassnode has discussed about the latest trend in the Open Interest for the various memecoins in the cryptocurrency sector. The “Open Interest” here refers to an indicator that keeps track of the total amount of positions related to a given asset currently open on all derivatives exchanges. Related Reading: Bitcoin RHODL Momentum Slowing Down—Analyst Warns Pattern ‘Not Ideal’ First, here is a chart that shows the trend in the 7-day moving average (MA) of the metric for Dogecoin, the original meme-based token: As is visible in the above graph, the 7-day MA of the Dogecoin Open Interest had a value of $3.5 billion in December, but since then, speculative interest around the asset has plummeted as it has come down to just $1.49 billion today. This represents a decrease of around 58.4%. DOGE isn’t the only memecoin that has gone through a futures flush in this period, however, as the second chart shared by the analytics firm shows. From the graph, it’s apparent that Pepe (PEPE), Bonk (BONK), and dogwifhat (WIF) have all seen a cooldown in Open Interest during the last couple of months. The decline has even been more pronounced than DOGE’s for all of these, as the metric has fallen by more than 69% for them. Shiba Inu (SHIB) and Floki (FLOKI) have likewise followed suit, with the indicator declining by 74% and 69%, respectively. While speculative activity on the futures market has taken the deep dive across the memecoins, it appears the trend has been different for other parts of the cryptocurrency sector. Related Reading: Ethereum Fees Back To Lowest Since August: Is This Bullish? Here is a chart that the analytics firm has shared in another X post, which shows how the percentage change in the Open Interest has compared between meme-based assets and three of the top coins (Bitcoin (BTC), Ethereum (ETH), and Solana (SOL)): As displayed in the above graph, Bitcoin, Ethereum, and Solana have registered a drop of 11%, 23%, and 6% on the metric, respectively. Clearly, this is significantly less than the 52% crash that the memecoin market combined has observed. DOGE Price Dogecoin has been locked in sideways movement during the last couple of weeks as its price is still trading around $0.25. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

#shiba inu #meme coins #shib #intotheblock #shib news #shib price #coinmarketcap #shiba inu news #shiba inu price #shibusd #shibusdt

The number of Shiba Inu millionaires continues to decline as the recent market crash puts a damper on holder’s profits. Notably, on-chain data reveals that the total number of Shiba Inu millionaires has fallen below 1,000. However, they still control a significant portion of the meme coin’s supply.  SHIBMillionaires Drop Below 1,000 Following a broader market crash that significantly impacted meme coins like SHIB and DOGE, new reports reveal that the number of Shiba Inu millionaires, with wallets between $100,000 and $10 million, has declined severely. IntoTheBlock, a blockchain analytics company, has reported that the number of addresses holding $10,000 to $10 million worth of SHIB tokens has dropped to 2,470. These deep-pocketed token holders collectively control over $3.5 billion worth of SHIB.  Related Reading: Shiba Inu Whale Transactions Spike 265% In Last 24 Hours, Can SHIB Drive Toward $0.00004? Breaking this down, ITB’s data shows that wallets holding over $100,000 to $1 million have plummeted to 1,059 addresses. For wallets with $1 million to $10 million worth of SHIB, ITB highlights that only 880.25 addresses remain. This would mean that all addresses with over $1 million in SHIB have a total balance of $2.8 billion.  Earlier this week, 75 addresses held exactly or above $10 million worth of SHIB tokens, with a combined network surpassing $13 billion. However, at the time of writing, it has declined to 74, with a network of $11.69 billion. While the number of addresses for this staggering amount of SHIB tokens may appear small, these investors, often called whales, tend to impact the market when they make significant moves. Moreover, this select number of addresses controls a large amount of Shiba Inu’s supply. While it doesn’t even come close to half of the meme coin’s total supply, it is still a considerable stash that could impact its market dynamics.  The recent decline in Shiba Inu millionaires is reflected in past data from ITB. Just two weeks ago, 93 addresses, 19 more than the current count, held SHIB tokens valued at over $10 million. Furthermore, 905 wallets held between $1 million and $10 million worth of SHIB, compared to the current 880.25 addresses holding the same amount.   This notable decrease in the number of Shiba Inu millionaires in both high-value and mid-value SHIB holdings suggests a shift in the market, with holders possibly selling their holdings and exiting positions. The decline is also attributed to the recent Shiba Inu price crash and ongoing volatility.  Shiba Inu Price Attempts A Recovery At press time, the price of Shiba Inu is trading at $0.0000165. Despite experiencing major market declines that pushed its price down by more than 20%, Shiba Inu remains resilient, attempting to break through the bearish trend to initiate a recovery. Related Reading: Shiba Inu Large Transaction Volume Up 40%, Burn Rate Crashes 71.5%, What’s Going On? Over the past week, Shiba Inu has increased by over 9.8%, reflecting gains of almost half its 22% loss in the last month. Based on CoinMarketCap’s data, the meme coin is still in the green, recording a 1% increase. However, SHIB’s trading volume remains relatively low, marking a 41% decline. Featured image from Adobe Stock, chart from Tradingview.com

#shiba inu #meme coin #shib #shib news #shib price #coinmarketcap #shiba inu news #shiba inu price #shibusd #shibusdt #td sequential #falling wedge pattern #rose premium signals

Recent analysis reveals that the Shiba Inu price has formed a Falling Wedge pattern and is on the verge of breaking above it. Technical indicators suggest that SHIB could embark on a massive rally once this breakout occurs, as analysis predicts a price surge of over 250% in the coming months.    Shiba Inu Price Gears Up For 250% Rally  Shiba Inu (SHIB), the second-largest meme cryptocurrency by market capitalization, is showing signs of a potential breakout to the upside. A crypto analyst identified as Rose Premium Signals on X (formerly Twitter) highlighted that SHIB is currently retesting the perfect accumulation zone, representing a crucial support level that historically acts as a launchpad for a price rally. The analyst predicts that Shiba Inu is set for a 250% price surge to new highs.  Related Reading: Shiba Inu Price Gearing Up To Fly After Lows, Here’s The Target After experiencing months of decline and volatility, the price formed a unique technical pattern called a Falling Wedge. This pattern is a classic bullish reversal signal that forms when there is a downward trend in a cryptocurrency’s price action. Considering that Shiba Inu has recorded multiple price crashes to new lows, the emergence of this pattern breathes optimism into the meme coin’s future outlook. Rose Premium Signals has shared a price chart, providing a clearer view of this technical pattern. The chart shows that SHIB is nearing the apex of its Falling Wedge pattern and is on the verge of a breakout.  A successful breakout from this bullish pattern could trigger a sharp upward movement, propelling the Shiba Inu price by 250% towards key resistance levels at $0.00002913, $0.00003612, and ultimately $0.00004401. This final price target represents a staggering 251% increase from Shiba Inu’s current market value.  The analyst has set a timeline for his optimistic prediction, forecasting that Shiba Inu will hit a price peak of $0.00004401 in the next 77 days, around April 29, 2025. On a side note, Rose Premium Signals expects a breakdown in the Shiba Inu price before this projected rally. The analyst predicts that Shiba Inu could decline and hit a final price low of $0.00001299 before it embarks on its surge to $0.00004401. This price crash is expected to occur around March 2025. If this bearish projection holds, it may present a prime buying opportunity for investors aiming to capitalize on the analyst’s 250% SHIB price rally forecast.  TD Sequential Flashes Buy Signal For SHIB According to data from CoinMarketCap, the SHIB price is currently trading at $0.000015, recording declines of over 3.9% in the last 24 hours and 23.8% over the past month. While the meme coin still faces bearish pressure, crypto analyst Ali Martinez has revealed that Shiba Inu’s TD Sequential indicator has flashed a buy signal on the weekly chart.  Related Reading: Shiba Inu Price To $0.000045? Here Are The Major Support And Resistances To Watch Out For Due to this technical indicator, the analyst surmised that Shiba Inu is showing signs of a potential rebound to the upside. He shared a chart and predicted that SHIB could advance toward a new target of $0.0000185.  Featured image from iStock, chart from Tradingview.com

#shiba inu #altcoins #shib #shibusdt #alts #shiba inu whales #shiba #shiba inu supply

On-chain data shows Shiba Inu has a high concentration of supply on its largest holders. Here’s how Ethereum and other altcoins compare. Top 10 Shiba Inu Wallets Control The Majority Of Supply In a new post on X, the on-chain analytics firm Santiment has talked about how the total holdings of the ten largest whales compares for four altcoins: Ethereum (ETH), Shiba Inu (SHIB), Chainlink (LINK), and Toncoin (TON). Related Reading: Bitcoin Still In Bull Market, On-Chain Indicator Confirms Below is the chart shared by the analytics firm that shows the trend in this metric for these assets over the last few months. As displayed in the graph, Shiba Inu has the metric at the highest level right now, with around 61.3% of the memecoin’s supply in the control of the ten largest investors on the network. Ethereum follows up SHIB in second with the indicator currently sitting at 46.1%. While the top 10 whales don’t quite control the majority of the supply for ETH, they are still quite close to do so. Toncoin and Chainlink, however, have the metric at 33.1% and 32.8%, respectively, which suggests the supplies of the two are more evenly distributed throughout the network. In general, a high amount of supply centralization on a few hands isn’t constructive for any cryptocurrency. “If these wallets decide to sell, it can cause sharp price drops, creating greater risks for smaller investors,” notes Santiment. That said, the analytics firm also says: However, if these large holders keep holding or accumulating, it generally signals confidence in the project and can actually reward traders who collectively hold less power, and rely more heavily on the behavior of a few large key stakeholders. Regardless, it’s important to remember this level of concentration can make a coin more volatile, as a few players have the power to influence price movements. From the chart, it’s apparent that Shiba Inu, Ethereum, and Chainlink have all seen the indicator move sideways during the last few months, which means that their largest whales have been holding tight onto their coins. This also implies, though, that these holders haven’t been buying more, either. Related Reading: Ethereum Could Crash To $1,700 If This Support Fails, Analyst Says Toncoin stands out as the altcoin that has seen the top 10 whales increase their supply share during the period. This active accumulation can naturally be a bullish sign for the asset. Out of these cryptocurrencies, Shiba Inu could be the one most likely to suffer from destabilization, as it’s only in the hands of just ten investors to make market moves that involve the majority of the supply. Toncoin and Chainlink would be the on the other end of the spectrum, with their supply distribution being more healthy. SHIB Price At the time of writing, Shiba Inu is trading around $0.0000152, down almost 22% over the last week. Featured image from Dall-E, Santiment.net, chart from TradingView.com

#bitcoin #crypto #memecoin #shiba inu #meme coins #altcoin #shib

The Shiba Inu cryptocurrency’s recent predictions of huge returns have surprised the digital asset community. The meme-based coin is currently trading at $0.0000162, and analysts are forecasting returns of between 858% and over 6,000%. The accuracy of such lofty estimates has been a hot topic lately. Related Reading: Dogecoin (DOGE) Attempts a Comeback: Can It Clear Resistance? Once again, the well-known meme cryptocurrency is in the news, with expert Javon Marks forecasting a tenfold increase to $0.0001553. Marks, a well-known figure in the Shiba Inu community, believes there are big optimistic signs ahead despite the token’s recent sideways trading trend. According to his most recent research, the meme coin is about to break out of its current trading range, which might lead to a significant price movement. Near 10X to $0.0001553 for $SHIB ????: SHIB (Shiba Inu) has already confirmed Bull Signals that suggest a continuation while also being broken out of a much larger resisting trend that implies $0.000081 to be in play as the target On top of that, buyers in the recent dip showed… https://t.co/DVZmRNVaQZ pic.twitter.com/CwGHrUdLwr — JAVON⚡️MARKS (@JavonTM1) February 4, 2025 Technical Signals And Market Performance Recent times have not been easy for SHIB. The token briefly recovered after plummeting to a six-month low of $0.00001160 on February 3, but then fell 6% because of concerns over US-China trade tensions. Still, Marks is among the analysts who see the token’s relatively stable price as a springboard for further growth, despite the fluctuations. Shiba Inu: Data Supporting The Hype Meanwhile, an internet celebrity known as “Investment CEO” has made the most optimistic projection, predicting that SHIB may rise to $0.001, which would be an astounding 6,072% increase from current levels. Shiba Inu’s market value would soar from its current $9.56 billion to an astounding $590 billion as a result of this action. To put it in perspective, this would make a meme-inspired token one of the most valuable digital assets in the world, outperforming some well-known cryptocurrencies with significant practical uses. $DOGE to $1.50$SHIB to $0.001$PEPE to $0.01 Interact to manifest. ???? — CEO (@Investments_CEO) January 12, 2025 Comparing Technical Analysis With Actual Market Conditions Technical experts highlight SHIB’s performance above specific chart patterns, especially a two-year-old descending triangle formation. One indication of underlying strength has been the token’s 13% weekly rise in January, which ended at $0.00001200. However, these technical indicators may not be enough to justify the overconfidence. There are many challenges facing the broader cryptocurrency market, including regulatory concerns and macroeconomic headwinds that might impact speculative assets like SHIB. If You HOLD $SHIB, I Got NEWS For You 1. $0.00002 REACHED, 1st step 2. The ONLY Shiba Inu Price Prediction You Need 3. Current #SHIB ATH is in Danger Now???? 4. 750% PUMP is Realistic (00017 per SHIB) 5. MORE BURNS INCOMING? 6. I opened a 100x Position yesterday and I’m up 100%! pic.twitter.com/GvyMJckDM9 — Oscar Ramos (@realOscarRamos1) September 27, 2024 Related Reading: Solana Metrics Surge: Total App Revenue Climbs To $840M In Record-Breaking Quarter Factors Contributing To Bold Forecasts Some analysts, nevertheless, agree with Marks that Shiba Inu has a bright future. Alan Santana points to brisk market conditions when he suggests a price of $0.00011397. Oscar Ramos, however, sets an even higher goal of $0.0001700, claiming that given the current state of the cryptocurrency market, such growth is feasible. Featured image from Reddit, chart from TradingView

#crypto #dogecoin #memecoin #shiba inu #meme coins #doge #crypto market #shib

Recent market turbulence has impacted Shiba Inu (SHIB) and Dogecoin (DOGE), with both memecoins experiencing significant price declines over the past few days. This setback comes amid a broader downturn in the crypto market, yet some analysts remain optimistic about the potential trajectories for these popular memecoins. Javon Marks, a well-known analyst on Elon Musk’s social media platform X, has shared his perspective on both SHIB and DOGE, offering insight into where these memecoins might be headed next. Related Reading: Shiba Inu Burn Rate Explodes 7,240% With 1.1 Billion Tokens Burned In 24 Hours, What’s Driving It? Shiba Inu On The Verge Of A Major Rally In his analysis of Shiba Inu, Marks highlighted several technical signals that could indicate a bullish continuation. He noted that SHIB has already broken out of a larger resistance trend, setting a potential target at $0.000081. Marks emphasized that recent price dips have been met with substantial buyer activity, creating a strong rejection of selling pressure. This, he suggested, could indicate that the market has enough support to shift sentiment back toward a bullish stance. Near 10X to $0.0001553 for $SHIB ????: SHIB (Shiba Inu) has already confirmed Bull Signals that suggest a continuation while also being broken out of a much larger resisting trend that implies $0.000081 to be in play as the target On top of that, buyers in the recent dip showed… https://t.co/DVZmRNVaQZ pic.twitter.com/CwGHrUdLwr — JAVON⚡️MARKS (@JavonTM1) February 4, 2025 According to Marks, these conditions could pave the way for SHIB to eventually reach a higher target of $0.0001553, a level that would represent a significant gain from its current price. In his words: With Shiba’s recent sideways action and dip while holding broken out, this can actually be a positive and contribute to the longevity and scale of this run, making it much more likely for a break above the $0.000081 target to take place which would then welcome $0.0001553 into play! $0.0001553 is currently over 840% way Dogecoin Path Toward Higher Levels Turning his attention to Dogecoin, Marks outlined a similarly optimistic scenario. He pointed out that DOGE has shown a strong breakout response, with recent price action suggesting a potential climb to $0.6533. Marks also indicated that if DOGE were to surpass this level, it could set its sights on a higher target of $1.25111, representing a significant upward move from current levels. $DOGE (Dogecoin) to $0.6533 is looking like its only a matter of time here with such a major breakout response and climb thus far but a move above is looking more and more likely! A move above $0.6533 brings in play $1.25111 which is currently over 333% away… https://t.co/fAGPkw2n2F pic.twitter.com/RyUuojWxsh — JAVON⚡️MARKS (@JavonTM1) February 4, 2025 Featured image created with DALL-E, Chart from TradingView

#shiba inu #meme coin #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibusdt #shibburn #hodl #shiba inu community #shib burn #shiba inu burn #shiba inu ecosystem

The Shiba Inu burn rate has experienced a dramatic surge, exploding by an astonishing 7,240% in just one day. This massive surge has led to the removal of over 1.1 billion tokens from circulation, effectively reducing the token’s significant supply. The latest sharp increase in SHIB burns have also caught the attention of the crypto market, bringing focus to the factors driving this substantial surge and its potential impact on the meme coin.  What’s Driving The Surge In Shiba Inu Burn Rate  Shibburn, a token burn tracker, has reported a massive 7,240.75% increase in Shiba Inu burn rate in the past 24 hours. Astonishingly, this substantial token burn led to the permanent removal of approximately 1,104,706,719 SHIB tokens from circulation.  Related Reading: Shiba Inu Burn Rate Sees Major 600% Jump In Only 24 Hours, Will SHIB Price Follow Suit? Notably, the driving force behind this massive SHIB burn was identified to be a single wallet. This anonymous wallet address, ox6d0cf1f…, was responsible for more than 95% of this substantial Shiba Inu burn, sending approximately 1,000,148,675 SHIB tokens to a dead wallet.  Following this, another address initiated a 100,000,000 SHIB burn, contributing to a significant amount of the burn activity. These combined efforts from Shiba Inu enthusiasts and community members have significantly impacted the circulating supply of SHIB, increasing the possibilities of a price surge in the meme coin.  Typically, token burns are executed with the intention to increase scarcity and potentially drive up the value of a token over time. Since its inception in 2020, a total of 410.74 trillion SHIB tokens have been burnt from its initial supply of 999.98 trillion.  Currently, the total supply of this meme coin stands at 589.2 trillion, reflecting a 41% decrease from its original amount. This reduction occurred in less than 5 years, marking a significant milestone for the Shiba Inu ecosystem. If burn rate continues to skyrocket, it could cause further deflation of supply, potentially leading to goals of many Shiba Inu community members, which is to drive the value of the meme coin to over $1.  SHIB Price Dips Seen As Golden Opportunity Despite the increase in Shiba Inu’s burn rate, its price has remained unaffected, even declining by over $8.3% in the past week. The doggy-themed meme coin crashed from its previous high above $0.00002 to $0.0000186 as of writing.  Related Reading: Shiba Inu Price Gearing Up To Fly After Lows, Here’s The Target While Shiba Inu faces this bearish trend, a crypto analyst SHIB Bezos, has highlighted the significant buying opportunities investors could take advantage of during this time. The analyst suggests that at some point, Shiba Inu will become oversold, and sellers will eventually get “exhausted”, leading to a rise in the price of the meme coin. Ahead of this increase, SHIB Bezos urges investors to take advantage of dip opportunities to buy more SHIB tokens at a discount and HODL for a long term growth potential of about 5-10 years. Featured image from Unsplash, chart from Tradingview.com

#ethereum #eth #shiba inu #altcoins #shib #shib news #shib price #coinmarketcap #shiba inu news #shiba inu price #shibusd #shibusdt #shibburn #shiba inu burn rate #shiba inu ecosystem

On-chain data has unveiled an impressive surge in the Shiba Inu burn rate, skyrocketing by more than 600% in just one day. This sharp rise in token burns indicates a growing interest in decreasing the overall supply of SHIB. Moreover, it has raised the possibility that the SHIB price could follow suit, as increased token burn often influences a cryptocurrency’s price movements.  Shiba Inu Burn Rate Skyrockets Over 600% Shibburn, the official Shiba Inu token burn tracker, has just reported a dramatic increase in burn rate, with over 3.24 million SHIB tokens permanently removed from circulation. The tracking platform revealed that the SHIB token burn rate shot up by approximately 612.78% in less than 24 hours. This spike represents one of the most significant one-day increases in recent weeks. Related Reading: Shiba Inu Burn Skyrockets 1,068% Amid Market Bleed, Can Bullishness Push Price Above $0.00003 Again? Typically, a surge in a token’s burn rate is largely attributed to community-led initiatives focused on reducing the cryptocurrency’s supply and potentially inducing scarcity. Considering the large size and strong dedication of the Shiba Inu community, it’s not uncommon to see occasional spikes in burn rates. The community has been a strong advocate for token burns, believing that a supply reduction could trigger a price surge for SHIB.  Despite the latest burn and substantial decrease in SHIB’s circulating supply, the meme coin’s price has yet to demonstrate any significant upward movement. In fact, Shiba Inu appears to be on a downtrend, as CoinMarketCap reports a 1.6% decline in the last 24 hours and a previous 9.3% drop over the past week.  Currently, the price of SHIB is trading at $0.00002, experiencing no recent increases, while its 24-hour trading volume has crashed by 46.33%. Nevertheless, this lack of immediate price action and present bearish conditions does not rule out the potential for a future rally in Shiba Inu.  Supporting this possibility of a bull trend driven by heightened token burns, crypto analyst Rananjay Singh commented on the recent 612% spike in the Shiba Inu burn rate on X (formerly Twitter). Singh explained that when a cryptocurrency’s supply declines and demand stays strong, prices tend to increase significantly. Related Reading: Shiba Inu Price To $0.000045? Here Are The Major Support And Resistances To Watch Out For The analyst suggests that increased token burns, upcoming updates in the Shiba Inu ecosystem, and the growing excitement among community members could potentially trigger substantial gains for the meme coin in 2025.  What’s Next For The SHIB Price? ‘Shib Spain,’ a popular SHIB supporter on X, has predicted that a massive pump could be on the horizon for the meme coin. The analyst connects Ethereum’s price action with Shiba Inu’s, sharing a detailed chart that showed instances when ETH experienced a price reversal and underwent a significant rally. Although the meme coin was not indicated on the chart, the analyst’s mention likely ties his projected SHIB price pump to an increase in ETH. This suggests that if Ethereum experiences a price surge, altcoins like Shiba Inu could follow suit, potentially sparking a significant uptrend. Featured image from Unsplash, chart from Tradingview.com

#dogecoin #shiba inu #doge #shib #shib news #shib price #doge price #shiba inu news #shiba inu price #shibusd #shibusdt #doge news #dogecoin news #dogecoin price #dogeusd #dogeusdt #altcoin news

The Dogecoin and Shiba Inu prices are surging today, recording significant gains in the process. This price surge for the foremost meme coins came following a recent development on the macro side, which provided some relief for the crypto market.  Why The Dogecoin And Shiba Inu Prices Are Surging CoinMarketCap data shows that the Dogecoin […]

#crypto #shiba inu #shib #shib news #shib price #shiba inu news #shiba inu price #shibusd #shibusdt #crypto news #crypto analyst #analyst

Recent technical analysis suggests that the Shiba Inu price may be preparing for a bullish rally, as the second-largest meme coin shows signs of a recovery from a correction phase. With key support levels established, a crypto analyst has projected a new bullish price target for Shiba Inu (SHIB). Shiba Inu Price Targets $0.000033 And Beyond On Tuesday, a TradingView crypto analyst, known as the ‘Real_CryptoRoy’, declared that Shiba Inu is getting ”ready to fly,” highlighting its potential for a significant price recovery to new highs. The analyst believes that Shiba Inu’s first major milestone for 2025 will be a climb above $0.000025, a critical level that would confirm its bullish position.  Related Reading: PEPE Marks Bottom After Scary Market Crash, Enters Wave 3 With Over 500% Promise If this crucial price point is reclaimed, the TradingView analyst suggests it could set the stage for Shiba Inu to retest a new resistance zone at $0.000033. This critical price level is one of Shiba Inu’s recent highs, achieved during a period of explosive growth and heightened demand. The TradingView crypto expert shared a price chart, highlighting that a break of the aforementioned resistance level, accompanied by strong trading volume, could pave the way for future gains and a larger bullish trend that could push Shiba Inu to new price highs.  While he maintains a confident stance on his bullish outlook for Shiba Inu, the analyst has also highlighted the influence of Bitcoin’s price action and dominance on Shiba Inu’s performance. For instance, if Bitcoin remains stable or bullish, it could create favorable conditions for Shiba Inu and other altcoins to rally. Conversely, if Bitcoin turns bearish, Shiba Inu could also experience price declines and volatility.  For mid-term investors, the current price near $0.00002 may present an opportunity to accumulate Shiba Inu at a low cost while watching its movements closely. The analyst has also highlighted the importance of key resistance and support levels, forecasting that Shiba Inu is preparing for a significant recovery.   SHIB Finds Support Amidst Correction   While sharing his bullish forecast for Shiba Inu, the ‘Real_CryptoRoy’ disclosed that the meme coin is currently in a correction phase after crashing 35% from its local high of $0.000033 and consolidating above $0.00002.  Related Reading: Analyst Says Dogecoin Has Entered Another Bull Cycle, Puts Price Above $20 The TradingView analyst revealed that the $0.00002 level was a crucial support zone for Shiba Inucrucial support zone for Shiba Inu, which the meme coin has tested twice. Typically, when a cryptocurrency successfully tests a support level multiple times, it indicates that buyers are stepping in to defend this level and prevent further drawbacks.  This support zone, highlighted by the orange circles on the analyst’s chart, signals a potential local bottom for Shiba Inu. The TradingView crypto expert has noted that Shiba Inu’s present correction phase could present an attractive buying opportunity for investors who aim to capitalize on low prices and potential upward movement. The analyst also pointed out that Shiba Inu’s price performance on the previous day was noteworthy, as it avoided falling below its prior low. Instead, the meme coin established a “higher low”, indicating that selling pressures may be waning and its correction could be nearing its end.  Featured image created with Dall.E, chart from Tradingview.com