Shiba Inu’s exchange reserves have hit a new low, the lowest level since 2023, providing a bullish outlook for the top meme coin. Based on this development, SHIB looks well primed for a parabolic rally, which could happen soon. Shiba Inu’s Exchange Reserves Hit Lowest Level Since 2023 CryptoQuant data shows that Shiba Inu’s exchange reserves have dropped to their lowest level since January 2023. This metric refers to the amount of SHIB that is held in wallets linked to crypto exchanges. As such, the drop in these reserves indicates that there has been a massive accumulation by whales who have been moving coins to cold storage for long-term holding. Related Reading: Shiba Inu Breakout Programmed: Diamond Hands Are Up 783%, SHIB Burn Rate Explodes 1,784% This development is significant as a price surge could follow, with Shiba Inu rallying to new highs. In 2023, as the exchange reserves began to decline, SHIB witnessed a God candle, which sent its price above the psychological $0.00003 level. The meme coin surged from a low of around $0.000007 back then. IntoTheBlock data also shows that Shiba Inu whales are back to accumulating SHIB, which could spark this rally as demand outweighs supply. Over the last week, SHIB’s largest transactions have been steadily climbing from the lows recorded in June when the meme coin fell to the support level at $0.000010. It is also worth noting that Shiba Inu’s correlation with Bitcoin is 0.92, indicating a strong positive correlation between the two assets. As such, the meme coin could also skyrocket as the leading crypto targets new all-time highs (ATHs). BTC is looking to reclaim the $120,000 psychological level, a development which could help SHIB maintain its momentum as it rallies towards $0.000020. Another Rally To $0.000030 In Sight For SHIB In an X post, crypto analyst Javon Marks confirmed that Shiba Inu is eyeing another rally to $0.000030. He stated that in the short term and based on confirmed data, SHIB is expected to reach the $0.000032 level in response to a bullish divergence. The analyst noted that this move itself is over 135% and could only be the start of a larger bullish reversal. Related Reading: Shiba Inu Price Could See 180% Explosion As This Indicator Flashes Bullish Divergence The analyst had earlier revealed that Shiba Inu had confirmed a clear bullish divergence on its Moving Average Convergence Divergence (MACD). Marks further remarked that this development points to a nearly 180% upside, which would send the meme coin back to around $0.000032. Meanwhile, crypto analyst Investing Haven also confirmed that the targets of $0.000044 to $0.000066 remain valid for the top meme coin. At the time of writing, the Shiba Inu price is trading at around $0.00001439, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
Crypto analyst Javon Marks has provided a bullish outlook for the Shiba Inu price, predicting a potential rally of 180%. The analyst alluded to an indicator that suggests that SHIB can record this explosive rally, reclaiming the psychological $0.00002 level in the process. Shiba Inu Price Eyes 180% Rally As MACD Forms Bullish Divergence In an X post, Javon Marks stated that the Shiba Inu price has formed a clear Bullish Divergence with its Moving Average Convergence Divergence (MACD). He further remarked that this points to a nearly 180% upside for SHIB to rally to $0.000032. Marks added that this may only be the start of a much larger positive reversal for the meme coin. Related Reading: 65% Of Shiba Inu Holders Suffer Massive Losses As Curse Of June Takes Hold His accompanying chart showed that the Shiba Inu price could hit this target between now and year-end. This provides a bullish outlook for the meme coin, which has greatly underperformed this year. SHIB has recorded a 45% loss year-to-date (YTD). Meanwhile, the coin is also down over 8% in the last 30 days. This represents a change of fortune for the meme coin, which recorded a gain of around 150% in 2024. However, based on Javon Marks’ analysis, the Shiba Inu price could still end this year in the green if it records this projected 180% rally. SHIB could also reclaim one of the top 10 spots in the ranking of cryptocurrencies by market cap. Fundamentals like the SHIB burns and network activity could spark this momentum for the Shiba Inu price. In an X post, a SHIB community member revealed that the meme coin has just shattered another record. Over 1.5 million on-chain wallets now hold the meme coin, with the number still rising. However, the SHIB burns will need to pick up as they remain unstable. Shibburn data shows that the daily burns have crashed by over 82%, with 1.5 million SHIB burned in the last 24 hours. The burn rate is also down around 11% in the last seven days, with 48 million SHIB burned during this period. SHIB Can Rally As Much As 600% Javon Marks is still confident that the Shiba Inu price can rally as much as 600% in the long term. He recently stated that the $0.000081 target for SHIB remains unchanged and that sights are still on an over 609% uphill run to reach it in response to a massive holding breakout of the displayed resisting trend. Related Reading: Can The Shiba Inu Developer Push SHIB Price To $0.01? Expert Responds The analyst remarked that due to the post-breakout action, he sees this target being broken above, bringing $0.0001553 in play. Marks, however, failed to provide a specific timeline for when this 600% Shiba Inu price rally could occur. At the time of writing, the Shiba Inu price is trading at around $0.00001181, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Shiba Inu (SHIB) recently endured a sharp sell-off, plummeting from $0.00001500 to $0.00001250 between May 29-30, evident in the volume spike during the drop. However, the subsequent slower recovery and declining volume suggest the meme coin may now be entering a consolidation phase, quietly forming a potential base below recent highs. A Breakdown Of The May 29-30 Drop According to a recent update by Crypto Man MAB on X, SHIB continues to show signs of weakness in the short and long term. The meme coin is currently trading at $0.00001266, reflecting a modest +0.47% decline in the past 24 hours. In a larger time frame, SHIB has lost 3.80% over the past 30 days and a significant 54.73% over the last 180 days, underlining a persistent bearish trend. Related Reading: Shiba Inu Trapped Inside Triangle: 17% Move Incoming? From a technical standpoint, the chart reveals a sharp price drop between May 29 and May 30, where SHIB fell swiftly from the $0.00001500 region down to $0.00001250. This sudden decline points to intense selling pressure, likely driven by broader market uncertainty or profit-taking. However, the price has since found some footing, showing early signs of stabilization and potential consolidation in the lower range. During the steep decline, volume analysis shows a notable spike in trading activity, suggesting panic selling or large-scale exits by holders. However, volume has tapered off following the drop, which often signals that selling activity is cooling down. Overall, Shiba Inu appears to be hovering in a consolidation zone, and key support or resistance levels must be tested before the next major move unfolds. Whether the market will witness a bounce or further breakdown could depend on broader sentiment and if buyers step back in with conviction. Support And Resistance In Shiba Inu’s Recent Performance Crypto Man MAB observed that SHIB has found short-term support around $0.00001250 after its recent drop, suggesting selling pressure has eased. Meanwhile, key resistance sits between $0.00001350 and $0.00001400, where Shiba Inu previously struggled to move higher. Related Reading: Shiba Inu Bulls Roar To Life After Breakout—Next Price Targets The 24-hour price range remains tight, fluctuating between $0.00001257 and $0.00001308. However, the sharp decline seen earlier still signals caution, especially with volume dropping off during the consolidation phase. Overall, the sentiment stays bearish. Without a clear reversal or breakout, the current trend favors the bears, and further downside risk can’t be ruled out. In conclusion, the analyst noted that Shiba Inu remains in a bearish trend, currently consolidating near the $0.00001250 support. A breakout above $0.00001350 could signal renewed bullish momentum, while a drop below $0.00001250 may lead to further downside. Monitoring volume and overall market sentiment is key to confirming the next move. Featured image from Getty Images, chart from Tradingview.com
Dogecoin and Shiba Inu remain the top leaders when it comes to meme coins, but others have been creeping up as fierce contenders over time. Back in 2021, when the original meme coin bull run started, the likes of FLOKI had crept up from the shadows to also become investor favorites. Through the bear market and into the current bull market, FLOKI has shown incredible strength, and one crypto trader believes that there is still a lot of runway for the meme coin. Why FLOKI Is A Great Choice Over Dogecoin And Shiba Inu Crypto trader and analyst Unipcs, also popularly known as ‘Bonk Guy,’ has given reasons why buying FLOKI could be a better play compared to Dogecoin or Shiba Inu. In addition to the fact that it was created back in 2021 and has survived a bear market alongside Dogecoin and Shiba Inu, FLOKI has other characteristics that has made it a great meme coin choice. Related Reading: Crypto Analyst Puts Bitcoin Price At $120,000 If This Range Breakout Happens One of the major driving forces behind the support for FLOKI comes with the expectation of an Exchange-Traded Product (ETP) to be launched for the meme coin. This puts it miles ahead of other meme coins which are yet to see major institutional support. Furthermore, the FLOKI meme coin has already proven its position as a solid choice over Dogecoin or Shiba Inu after rallying to a new all-time high back in 2024. This saw it outperform Dogecoin and Shiba Inu as these market leaders continued to trend below their all-time high peaks from 2021. Just like Dogecoin and Shiba Inu, FLOKI has also scored listings on major crypto exchanges across the space, in addition to smaller listings. It is trading on Binance, Coinbase, and Bybit, among others, with daily trading volumes crossing $200 million at the time of this writing. Related Reading: Shiba Inu’s Shibarium Struggles As New Accounts Crash To Fresh Lows Moving on to the chart, the crypto trader also revealed that the FLOKI chart does look strong. After holding and sustaining accumulation through the start of 2025, the meme coin is riding up once again and has already broken through $0.0001. Given this, Unipcs believes that an impulsive move for FLOKI is only a matter of time from here. “The fact that FLOKI is still under the radar, despite cult-like loyalty from its holders and insane retail recognition, means any rally it gets will likely go much higher than anticipated—a classic hated rally setup,” the crypto analyst said in conclusion. Featured image from Dall.E, chart from TradingView.com
Following its launch by the Shiba Inu team back in August 2023, the Shibarium network has been subject to the highs and lows of the market. Despite coming from a team with a large community, the Ethereum Layer 2 network has struggled to stay relevant in the fierce competition among Ethereum Layer 2 networks. After the initial run fueled by the anticipation of the launch, the Shibarium network is dealing with low participation as new account numbers flatline. New Accounts On Shibarium Fall Below 100 The new account metric tracks the total number of brand new accounts that are created on the Shibarium network daily. This is different from the total daily users as it only tracks new accounts and not existing accounts. It also helps to show the adoption rate as more new accounts signing up shows adoption is rising and the number falling means the opposite. Related Reading: Did Cardano Founder Steal $619 Million? Hopkinson Makes Shocking Revelation Presently, the Shibarium network is falling behind as the total number of new accounts signing up have fallen below the 100 mark. This comes after a major spike at the beginning of May 2025 when a total of 5,111 new accounts were created on May 6th alone. Since then, the number has crashed by over 99%, dropping first to just above 200 new daily accounts, before bottoming out below 100. Data from ShibariumScan shows that in the last four days, fewer than 100 new accounts have been recorded daily. This also coincides with a sharp decline in the active accounts on the network, going from over 21,000 daily at the start of May to less than 15,000% by the middle of the month. New transaction figures have also fallen with 1.87 million recorded on Tuesday compared to the 3 million average at the start of the month. Related Reading: Bitcoin Weekly Closes Above Range High Despite Crash From $107,000, Why The Bulls Are Still In Charge Shiba Inu Follows Bearish Trend The trend of low adoption recorded on the Shibarium blockchain has also been felt in other areas such as the total addresses holding the Shiba Inu token. According to IntoTheBlock, the total addresses holding Shiba Inu have seen a decline over the last couple of days. This metric went from above 1.4 million to 1.39 million addresses. A small decline, but nonetheless pointing to an exit from the cryptocurrency by investors. At the same time, the Shiba Inu price has also struggled to stay afloat at this time. Caught in a power struggle between the bears and the bulls, Shiba Inu has seen its price constrained to a tight range of $0.000014 and $0.000017. If the sell-offs continue, then the meme coin could break below the support currently being established at $0.000014. Featured image from Dall.E, chart from TradingView.com
Amid the flurry of new activity spurred by the crypto market recovery, Shiba Inu has marked a new milestone that shows continuous growth even through the bear market. The meme coin has now hit a new all-time high in terms of holders, showing that it remains a major player in the space. Shiba Inu Holder Base Crosses 1.5 Million Wallets Shiba Inu marketing Lead, Lucie, took to the X (formerly Twitter) platform to celebrate a new milestone for the Shiba Inu community. She showed that the total Shiba Inu holder base has now crossed 1.5 million total holders, marking a new milestone for the meme coin. Related Reading: XRP Is Forms Bullish Reverse Dragon Head Pattern, How High Can Price Go? According to data from Etherscan, the total number of wallets holding Shiba Inu on their balances was 1,507,445 at the time of writing, already up more than 300 wallets after Lucie’s post. Additionally, total transactions that have been carried out on the contract had surpassed the 15 million mark, sitting at almost 15.5 million. What’s Driving Participation From The SHIB Community? A major development for the Shiba Inu community is the upcoming launch of Bury 2.0. This is a staking mechanism from the SHIB team that allows community members and investors to stake the four tokens native to the Shiba Inu platform. Lucie outlined the advantages of Bury 2.0 in another X post, explaining why it is different from other staking mechanisms. The first major reason given for why Bury 2.0 is superior is the fact that it allows stakers to have real voting power in the ecosystem. When users stake SHIB, TREAT, BONE, or LEASH, they get veTokens, eg veSHIB, veTREAT, veBONE, and veLEASH. These veTokens then allow takers to vote on things such as funding, decisions, etc. Additionally, the longer a user has their tokens staked, the more power their vote commands. Another advantage of the Bury 2.0 platform for the Shiba Inu community is allow them to access decentralized finance (DeFi) features such as yield farming, liquidity pools, and more. In this case, the staked tokens are actually being put to work instead of sitting ideal. Related Reading: Analyst Says These Factors Will Drive XRP Price To $1,000, But What Does Market Cap Say? The third reason given is that the rewards to stakers in Bury 2.0 continues to evolve. This means that the rewards for staking are not just fixed. So the longer that tokens are staked, chances of rewards such as airdrops, giveaways, and loyalty bonuses are increased. Lastly, staking in Bury 2.0 allows for localized control for the stakers. Lucie explains that each state can launch its own custom veTokens. As such, they can help with decisions and receive rewards for their own state, while being able to create their own rules and priorities. “Bury 2.0 turns passive holders into active Shibizens,” Lucie explained. “It encourages long-term commitment, real participation, and builds a community that’s stronger, smarter, and more involved.” Featured image from Dall.E, chart from TradingView.com
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
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
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 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
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 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
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
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
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
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
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 […]
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
Shiba Inu finds itself at a critical juncture as bearish momentum intensifies, putting key support levels to the test. With the $0.00002045 mark under pressure, the token’s ability to maintain this level could be decisive in shaping its short-term outlook. A breach of this critical support may pave the way for further declines, raising concerns about the meme coin’s future direction. The ongoing battle between bulls and bears highlights the uncertainty surrounding SHIB’s price action. While bulls aim to defend the support and stage a comeback, bears are determined to push prices lower. This pivotal moment will likely determine whether SHIB can stabilize and regain its footing or face a deeper correction in the days ahead. SHIB’s Recent Price Action: A Closer Look SHIB‘s recent price action has been marked by significant volatility, as the cryptocurrency faces mounting bearish pressure while simultaneously testing crucial support levels. After a period of upward movement, Shiba Inu has encountered resistance and is now battling to maintain its position above key price points, including the pivotal $0.00002045 support level. This ongoing struggle between the bulls and bears highlights the indecisiveness in the market, with both sides attempting to assert dominance. Related Reading: Shiba Inu Builds Momentum: ‘Monster’ Price Move Coming—Analyst A closer look at SHIB’s chart reveals a series of lower highs and lower lows, indicating the potential for more downside if the support level at $0.00002045 fails to hold. The pressure from the bears is growing, as evidenced by recent price declines and a sustained lack of bullish momentum. Despite this, there are occasional signs of consolidation near key support zones, suggesting that buyers may be waiting for an opportunity to step back in and prevent a full-scale breakdown. Technical indicators, such as the Relative Strength Index (RSI) and moving averages, also provide further context to Shiba Inu’s price action. The RSI has shown oversold conditions during recent declines, signaling the possibility of a rebound. However, such moves may be short-lived without sustained buying interest. As SHIB tests its support, the market’s next moves will depend on whether bulls can regain control or if the bearish momentum will continue to drive prices lower. A Bounce Or Breakdown For Shiba Inu? In the upside scenario, SHIB could find support at key levels, particularly the $0.00002045 zone, and experience a resurgence of buying interest, potentially sparking a recovery toward higher resistance levels such as $0.00002631 and $0.00002960. A successful rebound from this support would signal that the bulls are active, creating the foundation for further upside movement. Related Reading: Shiba Inu 260% Rally: Analyst Sees Classic Bullish Patterns Emerging Alternatively, if Shiba Inu fails to hold the $0.00002045 support level, a breakdown might lead to extended declines, with the next support zone potentially coming into focus. In this case, the bears would solidify their control, and SHIB may face a prolonged period of downward price action. Featured image from Adobe Stock, chart from Tradingview.com
The Shiba Inu and Dogecoin prices have suffered double-digit losses today, having started the week on a positive note. This price drop has occurred thanks to macroeconomic factors, which present a bearish outlook for these coins. Why The Shiba Inu And Dogecoin Prices Crashed Today CoinMarketCap data shows that the Shiba Inu and Dogecoin prices […]
Shiba Inu is starting to reverse some of its price losses in December as the crypto industry reacts after Bitcoin’s recent break above the $100,000 psychological level. This has seen the activity of Shiba Inu increase notably in the past few days. According to data from Coinmarketcap, the trading volume of Shiba Inu has increased […]
The Dogecoin and Shiba Inu prices have surged significantly today, providing optimism for investors. This development is thanks to several factors that paint a bullish picture for the foremost meme coins. Why The Dogecoin And Shiba Inu Prices Are Up CoinMarketCap data shows that the Dogecoin and Shiba Inu prices are up over 14% and […]
Technical analysis shows that Shiba Inu is currently at a critical juncture where it could either rebound to new multi-year highs or face declines to retest a few support levels. In light of this, a recent analysis on TradingView has highlighted crucial support and resistance levels that could dictate SHIB’s short-term movements. This analysis was made on the daily candlestick timeframe chart of SHIB against Tether (USDT), which reveals the potential for a substantial rally toward $0.000045 if key resistance levels are broken. Major Support And Resistance Levels For Shiba Inu According to the analysis, two significant resistance levels are important in SHIB’s path to the upside. The first is at $0.00003239 and represents an immediate hurdle that could attract sellers or trigger profit-taking. This is more revealing, considering it acted as resistance in December 2024. A decisive move above this level would signal bullish momentum. Related Reading: Bitcoin Bearish Flag Pattern Says Crash Is Far From Over Despite Crash To $91,000 The second resistance level is at $0.00004563 and is considered a psychologically significant barrier that might test the strength of market optimism. This is because this price level serves as the peak of Shiba Inu’s price movement in early 2024. If the bulls were to complete a successful move above $0.00004563, it could signal a move that would push Shiba Inu to challenge its current all-time high. On the downside, there are also two critical support levels that could prevent further SHIB price declines. The first notable support is at $0.00001035. Shiba Inu rebounded quite a few times on the upper end of this support zone in 2024, with the most notable bounce taking place on August 5. Historically, this level has demonstrated strong buy interest, making it a potential floor for the current trend. However, if the price fails to hold above this critical support level, the situation could shift significantly. A break below $0.00001035 would likely diminish buyer confidence, paving the way for SHIB to test even lower levels of support. Technical Indicators And SHIB Trading Strategy The analysis notes that key indicators, such as the MACD and RSI, currently suggest a neutral to slightly bearish sentiment for Shiba Inu. The MACD is flat with minimal momentum, while the RSI hovers near 40, slightly below the midpoint. These indicators, coupled with subdued trading volume, suggest that traders are awaiting a decisive breakout or break below the Shiba Inu price. Related Reading: XRP Price Forms Descending Triangle On The Daily Chart, Why $1.95 Is Important For bullish traders, a stable upward move at this point could point to a target at $0.00003239 in the short term, with $0.00004563 as a longer-term goal. Conversely, a break below $0.00001035 could reinforce a bearish scenario. At the time of writing, Shiba Inu is trading at $0.00002239 and is up by 8% in the past 24 hours. According to a similar support level analysis by crypto analyst Ali Martinez, the $0.0000215 to $0.0000193 support zone must hold in order for Shiba Inu to stay bullish. Featured image created with Dall.E, chart from Tradingview.com
Shiba Inu (SHIB) has captured the spotlight with a strong rebound from the critical $0.00002045 support level. This bounce not only reaffirms the significance of this zone but also sparks fresh hopes for a potential bullish breakout. With momentum building, the bulls appear to be gearing up for a rally, aiming to push SHIB toward higher resistance levels and beyond. The market sentiment surrounding SHIB has shifted positively, with speculation on the likelihood of a breakout above its next resistance levels. Technical indicators suggest growing bullish momentum, but the road ahead is challenging. Overcoming the immediate resistance will require sustained buying pressure and robust market participation. Key Support Holds Strong: The Importance Of $0.00002045 The $0.00002045 level has emerged as a cornerstone for Shiba Inu’s price trajectory, acting as a critical support zone in the current market structure. This level has consistently demonstrated its significance, providing a base for rebounds and serving as a key psychological level. Related Reading: Shiba Inu 260% Rally: Analyst Sees Classic Bullish Patterns Emerging Support levels like $0.00002045 are more than price markers; they represent zones where buying interest is strong enough to counter selling pressure, preventing further declines. For SHIB, this level has become a battleground, where bulls step in to defend against bearish momentum. Its recent successful rebound from this support highlights its importance, instilling confidence in market participants and signaling the potential for more gains. Furthermore, the $0.00002045 support aligns with broader market trends and key technical indicators, such as oversold signals on RSI or strong trading volume, reinforcing its role as a pivotal zone. As Shiba Inu navigates its path forward, this support level will continue to be a critical marker in determining whether the bulls can maintain control or if bears will gain the upper hand. Shiba Inu’s Next Move: Will The Bulls Maintain Control? Currently, SHIB is attempting to cross above the Simple Moving Average (SMA). A decisive move above this indicator could solidify the bullish narrative. Interestingly, this could open the door for further growth and increased market confidence, sparking a move toward the $0.00002631 resistance level. Key technical indicators, such as the RSI and trading volume, suggest rising interest. However, the bulls must capitalize on this momentum to avoid a possible reversal. Related Reading: Shiba Inu Testing A Significant Support Zone – Bullish Breakout Ahead? SHIB has surged to the $0.0000224 level after witnessing a rebound. Should the bulls falter, SHIB could face renewed bearish pressure, pulling the price back toward the critical $0.00002045 support level. This level will remain a focal point as reaching it could either reinvigorate bullish sentiment or act as a trigger for a deeper correction. Ultimately, SHIB’s next move will depend on how the bulls navigate this critical phase. Will they maintain control and drive the price toward fresh highs, or will the bears regain dominance? The coming days promise to be decisive for SHIB’s short-term trajectory. Featured image from iStock, chart from Tradingview.com
In the face of ongoing market volatility, Shiba Inu (SHIB) has demonstrated impressive resilience as it holds strong above the pivotal support level of $0.00002045. While fluctuations and market uncertainty have swayed many altcoins, SHIB’s ability to stay above this key level signals a growing sense of stability and bullish potential. The support at $0.00002045 […]
The Dogecoin and Shiba Inu prices have crashed in the last 24 hours as the broader crypto market correction continues. This price crash is due to several developments, including the holiday season, with several traders choosing to stay out of the market during this period. Why The Dogecoin And Shiba Inu Prices Crashed CoinMarketCap data […]
The Shiba Inu ecosystem has witnessed an increase in SHIB burning endeavors in the 24 hours leading up to Christmas day. According to data from Shibburn.com, Shiba Inu’s burn tracker, the meme coin has witnessed a 41.87% increase in the number of Shib tokens burned when compared to the previous 24-hour timeframe. Although this increase […]
Shiba Inu (SHIB), one of the most talked-about meme coins in the cryptocurrency space, has seen a notable surge in whale activity in the past 24 hours. Particularly, data from on-chain analytics platform IntoTheBlock reveals a 265% increase in whale transactions within the past 24 hours. Interestingly, this surge in whale activity is more notable […]
The Shiba Inu price has crashed below $0.000022, declining by more than 20% in just one week. This massive crash has left 43% of SHIB investors facing losses. Moreover, the recent drop in the Shiba Inu price comes alongside a broader meme coin market decline, with top coins like Dogecoin, Pepe, and Bonk also experiencing […]
Dogecoin and Shiba Inu prices have significantly crashed in the last 24 hours. This is partly due to Jerome Powell’s speech, which painted a bearish picture for crypto assets despite the announcement of a 25 basis point (bps) rate cut. Why The Dogecoin And Shiba Inu Prices Crashed The Dogecoin and Shiba Inu prices are […]