The Shiba Inu team has announced the new 2.0 version of the decentralized exchange (DEX) ShibaSwap. Shiba Inu Executive Lucie provided insights into what to expect from this new version of the DEX, a development which could boost network activity on the Shibarium network. Shiba Inu Exec Reveals What To Expect From ShibaSwap 2.0 Lucie […]
Shiba Inu investors have turned bearish amid a wave of sell-offs, which have halted the meme coin’s rally beyond the $0.000018 price level. On-chain analytics platform Santiment has provided insights into why this bearish sentiment could be positive for the Shiba Inu ecosystem. Shiba Inu Investors Turn Bearish Amid Selloffs Shiba Inu investors have turned […]
Major digital assets like Shiba Inu have shifted into bearish territory lately following a downswing in the general crypto market within the week. However, with several positive trends cited around its price, the dog-themed meme coin could be poised for a potential rebound in the coming days. With sentiment around meme coins gradually rising in […]
The Shiba Inu price chart is displaying a new key technical pattern which suggests that a price rally might be imminent. According to crypto analyst, Javon Marks, this technical pattern called a “Hidden Bull Divergence” indicates a potential 330% climb to new price highs. SHIB’s Positive Reaction To Hidden Bull Divergence On Tuesday, October 22, Marks […]
Shiba Inu whale transactions have skyrocketed by a whopping 240%, as large-scale investors have been seen moving trillions of SHIB tokens this week. Considering the significant increase in SHIB whale movements, the price of Shiba Inu could continue its previously halted uptrend to $0.00002. SHIB Whale Activity Spikes New data from IntoTheBlock has shown a […]
Shiba Inu’s Shibarium has witnessed a massive 760% spike in daily transactions, which provides a bullish outlook for the meme coin. The spike in daily transactions has raised questions on what could be driving this growth, with Shiba Inu Marketing Lead Lucie providing some options. Shiba Inu’s Shibarium Sees Massive 760% Spike Shibariumscan data shows […]
Shiba Inu (SHIB) has witnessed a massive spike in its burn rate in the last 24 hours, providing a bullish outlook for the second-largest meme coin by market cap. This development is significant as the surge in the Shiba Inu burn rate could help spark a SHIB price rally to its current all-time high (ATH) […]
Technical analysis suggests that Shiba Inu is currently positioned at a critical price junction, one that could lead to a massive 400% breakout to the upside. According to an analyst on the TradingView platform, the current Shiba Inu price action is pointing towards a full breakout of a bull flag formation. If this interesting projection were to materialize as anticipated, it would put the meme-inspired cryptocurrency on a steady path to a return towards its current all-time high. Shiba Inu Price Waiting To Break Above Bull Flag Taking to the TradingView platform, the analyst (without_worries) revealed an interesting take after an analysis of the Shiba Inu price action since the beginning of the year. The analyst highlighted a significant correction by examining the 5-day candlestick price chart, noting that Shiba Inu has retraced approximately 75% from its yearly high of $0.00003595. This correction has been marked by a sequence of lower highs and lower lows, giving rise to the creation of a bull flag pattern. Related Reading: Expert Dissects $60 Forecast For XRP Price, Institutional Investors Are The Key The analyst pointed out several reasons why going long on Shiba Inu now presents a favorable opportunity. The most critical factor is the breakout above the bull flag pattern, which often signals the continuation of an upward trend following a period of consolidation. In addition, the Relative Strength Index (RSI) has also provided a bullish signal. For the first time since April, the RSI has broken above a descending trendline and is now trending upward meaningfully. The RSI currently stands at 54.7 on the 5-day chart, relaying the inflow trend among investors. Although there remains the possibility of SHIB retesting the bull flag pattern, the analyst emphasized that if SHIB experiences a second impulsive move, it could trigger a repeat rally similar to the one seen during its last major breakout. During that previous rally, SHIB surged by about 400% to reach a peak of $0.00003595. If history were to repeat itself under similar conditions, Shiba Inu could see its price break above its current 2024 peak and reach a target between $0.00006204 and $0.000074. Bullish Predictions For SHIB The Shiba Inu price action in the past seven days has been highlighted by intense volatility. From October 7 to October 10, the SHIB price tended downward to reach a low of $0.00001613. Since that point up until the time of writing, SHIB has gained about 11.84%, although it has been rejected multiple times at $0.00001809. Related Reading: Whales Accumulate 40 Million XRP In 48 Hours – Where’s The Price Headed? At the time of writing, SHIB is trading at $0.00001809. Another analyst, Javon Marks, is echoing the return to SHIB’s all-time high. According to Marks’ analysis, based on an earlier breakout of a falling wedge pattern, SHIB is now free for a run up to $0.000081. Featured image created with Dall.E, chart from Tradingview.com
The current Shiba Inu price trajectory might be unsure at the moment, but fervent investors continue to stand strong. Lucie, Shiba Inu’s marketing lead, recently dropped an interesting take on the meme coin’s potential in the near future. In a stunning post on social media platform X, Lucie noted that if everything works out well, […]
Shiba Inu whales have been noticed recently making a lot of moves despite the high volatility of the meme coin right now. Most importantly, these large whales more than doubled their volume in 24 hours, which could have serious implications for the SHIB price. As the Shiba Inu price is falling, the rise in the […]
Dogecoin and Shiba Inu prices have crashed again following their recent upward trend, which led to significant price gains. These price crashes are primarily due to the current macro environment and market uncertainty, which don’t favor risk assets like these meme coins. Dogecoin And Shiba Inu Price Crash Amid Market Uncertainty Dogecoin and Shiba Inu […]
The Shiba Inu team has been one of the most active teams on social media, with marketing executive Lucie giving the community regular updates on the project. The team has also talked about their expectations for the Shiba Inu price at various times, especially as investors seem to be on the fence with the SHIB […]
Shiba Inu might be undergoing a bearish correction, but on-chain data suggests some good news and hints at something positive coming in the next few days. Particularly, on-chain data shows that the activity among large holders has spiked positively in the past 24 hours. This data is reflected through the large holder netflow on IntoTheBlock […]
The Shiba Inu (SHIB) price crashed by 7% in the last 24 hours, alongside the drop in the broader crypto market. This downward pressure is due to external factors that put Shiba Inu’s projected October rally at risk. Why The Shiba Inu Price Crashed by 7% The Shiba Inu price crashed due to the Israel-Iran […]
Shiba Inu has made a name for itself over the years, and with each new partnership, the meme coin moves further away from the realm of being a ‘joke’ to being a mainstream investment option. Once again, the team behind the popular crypto project have made a major move after announcing a brand-new partnership. This […]
Shiba Inu has been on an uptrend recently, after suffering losses for the better parts of the second and third quarters of the year. This recovery going into the new month plays into the high expectations for the meme coin, especially in Q4, when the altcoin’s price is expected to more than double. Using historical data, this report elaborates on why the expectations for the Shiba Inu price are high going into the last quarter of the year 2024. The Most Bullish Month Of The Year For Shiba Inu According to historical performance, the end of September is about to usher in the most bullish quarter of the year 2024 for Shiba Inu. This is especially true for the month of October which has never ended in the red for the meme coin. If this trend holds, then the SHIB price could continue to rise from here. Related Reading: ETH Rally Pushes Profitability To Nearly 70%: More To Come This Week? Data from the CryptoRank website shows that the Shiba Inu price has seen an average return of +283.4% in the month of October. This average return could mean that the Shiba Inu price could triple by the time the month of October is over. Such a rise would put the SHIB price around the $0.00006 level this month. Additionally, if the recovery continues through the end of the year as expected, then the meme coin’s price could be seeing a new all-time high price before the year is over. Also, the last time that SHIB ended the month of September in the green was 2021, and the month of October went on to see an 833% increase in the space of one month. Now, 2024 is about to be the first in three years when the SHIB price is ending in the green again. A repeat of the 2021 trend would also send SHIB toward a new all-time high. Will Q4 End In Green Or Red? While the crypto market has often seen a good turn in Q4, the Shiba Inu price has not been very lucky after the month of October. According to CryptoRank, the average returns for November and December are in the negative with -15.9% and -6.12%, respectively. Related Reading: Bitcoin Short Squeeze Could Catapult Price To New All-Time High – Here’s Why This doesn’t bode well for the Shiba Inu price and could suggest a good time to sell for investors. If this follows, then October could be a good time to move out of the altcoin and move back in in December. However, if the Bitcoin uptrend continues into the end of the year, it could see the SHIB price rise into the new year. Featured image created with Dall.E, chart from Tradingview.com
Doggy-themed meme coin, Shiba Inu (SHIB), could be gearing up for a major rally to new all-time highs this bull cycle. Given the cryptocurrency’s recent bullish performance, analysts predict that Shiba Inu can surge above its all-time high of $0.000086. Shiba Inu Targets New All-Time Highs The price of Shiba Inu recently jumped from around $0.00001 to $0.00002. This significant price increase occurred in the last few weeks, hinting that the popular meme coin may be getting ready for a parabolic rally in the Fourth Quarter (Q4) of 2024. Related Reading: Ethereum Sees 43% Crash In Active Addresses, What’s Going On? Based on the meme coin’s current bullish performance, a crypto analyst and prominent Shiba Inu supporter identified as ‘SHIB Knight’ has expressed optimism about SHIB’s price outlook. In an X (formerly Twitter) post, the analyst shared a Shiba Inu price chart, suggesting that the popular meme coin was gearing up to surpass the $0.00008 mark. Further solidifying his bullish forecast, SHIB knight declared that Shiba Inu was finally ready for a new all-time high, marking a historical milestone for the meme coin. In October 2021, Shiba Inu achieved an all-time high of $0.000086, reflecting a 75.59% increase from its current price. Notably, SHIB has been building more momentum as September wraps up, hinting at a possible strong rally in October. Moreover, with the cryptocurrency currently trading at $0.00002, it would need a 330% surge to reclaim its former peak. Although SHIB Knight has not forecasted a specific date and price target, he has boldly announced that Shiba Inu could surpass its all-time highs, with the potential to break above $0.000086 this bull cycle. SHIB Maintains Powerful Momentum The price of Shiba Inu has been on a powerful upward trend in the past few weeks, achieving double-digit gains despite previous market declines. While the popular meme coin experienced its share of price declines earlier this year, Shiba Inu seems to be making a comeback, suggesting a renewed interest and demand from investors. Data from CoinMarketCap shows that SHIB has jumped by 48.20% over the past month. Additionally, the cryptocurrency saw another 45.84% increase in the last seven days, highlighting its strong price dynamics. Related Reading: Dogwifhat Rally Far From Over As Analysts Predicts 1,600% Jump Similarly, other meme coins like Dogecoin (DOGE) and Pepe (PEPE) have been steadily gaining momentum in the past week. Pepe has recorded a price increase of over 38% in the past week, while Dogecoin has risen by 17%. This sudden change from bearish trends to bullish underscores a significant shift in investors’ sentiment towards the meme coin market. A crypto analyst identified as ‘AllInCrypto’ on X has also acknowledged the recent positive momentum in meme coins, highlighting that Shiba Inu’s price dynamics are looking great. The analyst also noted that the pullback for meme coins was likely over, as evidenced by Shiba Inu’s impressive price movements, which have recorded more gains of 9.48% just today. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin (DOGE) and Shiba Inu (SHIB) prices have surged by 10% and 22% in the last 24 hours, respectively. These price surges are thanks to developments on the macro side and these meme coins’ fundamentals, which provide a bullish outlook for them. Why Dogecoin And Shiba Inu Prices Are Up Dogecoin and Shiba Inu’s prices […]
Shiba Inu ecosystem is gearing up for another significant milestone as the project’s team hints at the potential launch of a new stablecoin, sparking a wave of excitement within the entire SHIB community. Given that stablecoins are essential for providing price stability and improving utility, this announcement has generated a lot of speculation regarding the […]
Shiba Inu (SHIB) is on the verge of a historic run, as investors have accumulated a significant amount of Shiba Inu tokens in recent days. However, the meme coin’s fundamentals remain concerning as they paint a bearish picture for SHIB. Shiba Inu Set For A Historic Run In October Shiba Inu is set to enjoy a parabolic rally in October if history were to repeat itself. Data from CryptoRank shows that the meme coin has always enjoyed monthly positive returns in October. During the 2021 bull run, SHIB’s price skyrocketed by 833% in October of that year, while it enjoyed modest gains of 10% and 6% in October 2022 and 2023, respectively. Related Reading: XRP Remains Bullish: Crypto Experts Unveil Predictions For The Price Therefore, Shiba Inu could record significant gains this October. Moreover, the outlook for the broader crypto market in October is also bullish. For instance, Bitcoin has historically enjoyed its highest returns between October and December. The flagship crypto is again expected to enjoy a price rally starting in October. As such, Shiba Inu’s price will also rally as Bitcoin enjoys an upward trend. Data from the market intelligence platform IntoTheBlock shows that SHIB’s price correlation with BTC is currently at 0.89, which indicates a strong positive price correlation between both assets. This proves that the meme coin will rally as Bitcoin moves to the upside. Shiba Inu investors are already preparing for the historic run as data from the on-chain analytics platform Cryptoquant shows that they have accumulated 770 billion SHIB between September 23 and 24. This figure represents the outflows that left exchanges in these two days. Moving coins off exchanges indicates that these investors intend to hold for the long term. This accumulation trend among these investors could also contribute to the price surge that Shiba Inu could enjoy in October. Fundamentals Remain A Concern Shiba Inu’s fundamentals are a concern, as they paint a bearish picture for the meme coin. Data from the Shiba Inu burn tracker Shibburn shows that the coin’s burn rate has dropped over 90% in the last 24 hours. Meanwhile, there has also been a 61% drop in the number of tokens burnt in the last seven days. The lack of network activity on Shibarium is another bearish fundamental. Data from the Shibarium explorer shows that daily transactions on the layer-2 network remain stagnant and below 10,000. A recent high was the 11,360 transactions witnessed on September 19. However, the following day, daily transactions dropped to 8,000. Related Reading: Shiba Inu Symmetrical Triangle Pattern Reappears, Why A 200% Rally Is Possible The low activity on Shibarium has also contributed to the drop in Shiba Inu’s burn rate. Base transaction fees on Shibarium are usually converted to SHIB and burnt. However, with such low interest in the layer-2 network, there is a limit to how many SHIB tokens can be burnt. At the time of writing, Shiba Inu is trading at around $0.000014, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Shiba Inu (SHIB) could soon enjoy a massive rally as several on-chain metrics paint a bullish picture for the meme coin. These metrics include the daily transactions on the layer-2 network Shibarium, which indicates that Shiba Inu’s adoption is again rising. Shiba Inu Could Enjoy Major Rally With These Bullish Metrics A significant price surge […]
As the Shiba Inu ecosystem is preparing to enter a new era, the project’s core member and head of marketing Lucie has offered insights into SHIB’s mysterious evolution, emphasizing the crucial factor that will majorly drive the growth. She outlined important aspects of the expansion of the Shiba Inu ecosystem, highlighting impending features and possible […]
Popular meme coin Shiba Inu (SHIB) has experienced a relatively calm period of on-chain activity in recent weeks. This calm pace has been mirrored in the token’s price action, which has remained largely stable without any major fluctuations. However, despite this apparent lull, a trend of significant SHIB outflows across various crypto exchanges has emerged this week. According to on-chain data, 307 billion SHIB tokens were withdrawn in the past 24 hours. This mass withdrawal seems to raise curiosity, especially since this was not an isolated event. Interestingly, this data peaked at 2.179 trillion SHIB earlier in the week. Whales Pull Out Millions Worth Of SHIB From Exchanges Data from CryptoQuant shows that more than 309 billion SHIB tokens were taken out of aggregated crypto exchanges on September 11. Taking into account the current price of SHIB, it amounts to over $4 million. Furthermore, the data showed that a similar amount was withdrawn from crypto exchanges on September 10. A withdrawal peak was registered on September 9, a day which was highlighted with 2.179 trillion SHIB tokens being withdrawn from crypto exchanges. At the time of withdrawal, the tokens were worth approximately $29.5 million. Related Reading: End Of The Road For NEIRO? Crypto Analyst Predicts Breakdown Below $0.13 The notable increase in transactions is supported by similar data from IntoTheBlock (ITB). Interestingly, this one sheds light on activity predominantly driven by so-called “whales,” or large holders of the cryptocurrency. ITB’s data highlights that over the past seven days, the volume of transactions whose value exceeds $100,000 has surged to a total of $143.68 million. While this might not be as much during a strong bull rally, it represents an increase of almost 60% from the previous seven-day timeframe. Such a marked increase suggests that large holders are starting to take advantage of the lower prices to buy the dip. Is A Shiba Inu Rally Brewing? This sharp increase in outflows is likely to catch the attention of SHIB investors. The implications could point to renewed confidence in SHIB, and a bullish trend could emerge soon. Related Reading: Why Bitcoin Retesting $57,000 Is Good For The Price Since the beginning of September, SHIB has struggled to break above the $0.000014 mark due to bearish pressure in the broader crypto markets. However, bullish supporters have been largely successful in minimizing losses and have consistently defended the $0.000010 support level throughout the month. As of the latest update, Shiba Inu has seen a slight price increase alongside many other cryptocurrencies over the past 24 hours. SHIB is currently trading at $0.00001343, reflecting a 1.5% rise. The price is expected to rise further if the trend of strong SHIB outflows from exchanges continues. Similarly, a sustained move above $0.000014 could push SHIB past its August high of $0.00001607 in the short term. Featured image created with Dall.E, chart from Tradingview.com
The prices of Dogecoin, Shiba Inu, and PEPE have been on the come-up as the Bitcoin price has recovered. However, at this time, all of their profitability levels remain different, meaning investors in these meme coins are seeing varying levels of profit and losses. In this report, we compare the profitability levels of these three […]
Popular dog-themed meme coin Shiba Inu has taken a hit as its small wallet holdings have witnessed a significant decline in the midst of general market uncertainty, which has triggered heightened fear among cryptocurrency investors. Shiba Inu Small Holders Abandoning The Digital Asset? In a recent report from Santiment, a leading market intelligence platform, it […]
Shiba Inu (SHIB) investors have been given a major reality check as crypto analysts issue a more cautious and pessimistic outlook for the meme coin’s price. While still confident in Shiba Inu’s long-term bullish potential, the analyst urged investors to temper their expectations, warning them that a dramatic price spike would be unlikely anytime soon. Shiba Inu Days […]
Dogecoin (DOGE) and Shiba Inu (SHIB) are currently experiencing a downtrend, highlighting the bearish sentiment towards these meme coins. This price decline is due to several factors, including developments in the broader crypto market. Dogecoin And Shiba Inu Following Bitcoin’s Path Dogecoin and Shiba Inu have been following Bitcoin’s path, which explains why they continue […]
Shiba Inu burns have become a staple in the industry after the community sponsored burning began around two years ago. Every month, community members have been sending millions to billions of SHIB tokens to the burn address in a bid to reduce the total supply. The month of August 2024 has been no different as […]
Shiba Inu (SHIB) has started the month on a bearish note, as its price has dropped significantly since September 1. Based on historical data, SHIB could suffer more price declines this month, as the meme coin has often closed at a loss in September. Shiba Inu Begins September In The Red Data from CoinMarketCap shows […]
Shiba Inu (SHIB) has recently surged past a key bullish trendline, sparking fresh optimism among traders and investors. This breakout marks a significant shift in momentum that could pave the way for a potential rally toward the $0.00002045 level. As the market eyes this potential rally, all attention turns to whether SHIB can sustain its upward trajectory and reach this ambitious target, or will the bears step in to stall the run? This article provides an in-depth technical analysis of Shiba Inu’s recent breakout above the trendline, evaluating whether this could trigger a rally toward the $0.00002045 target. Additionally, it will explore potential price reactions once SHIB approaches this critical level. In the last 24 hours, Shiba Inu has gained over a 6% increase, reaching approximately $0.00001519. The crypto asset’s market capitalization has surpassed $8.9 billion, with trading volume exceeding $311 million. Over this period, the market cap has increased by 6.59%, while trading volume has surged by 85.23%. Trendline Breakout: A Bullish Signal For Shiba Inu? Following the breakout above the trendline, SHIB’s price has maintained its bullish momentum, consistently trading above the 100-day Simple Moving Average (SMA) on the 4-hour chart. This sustained positive sentiment reflects strong upward momentum, signaling that the bulls are firmly in control and could push the price toward the next significant resistance level at $0.00002045. Also, the Relative Strength Index (RSI) indicator is currently at 73% showing that Shiba Inu is in an overbought territory. A sustained overbought condition signals strong buying pressure suggesting that bullish momentum remains robust in the market. On the daily chart, although SHIB is experiencing a short-term pullback, it is attempting to move toward the 100-day SMA following a successful breakout above the bearish trendline. The appearance of a bullish momentum candlestick on the previous day indicates a strong bullish sentiment, which could drive the cryptocurrency towards further gains. Finally, the 1-day RSI indicates that SHIB’s bullish momentum is strengthening, with the signal line moving toward the overbought region after recently crossing above 50%. The upward movement in the RSI suggests intensifying buying pressure and growing bullish sentiment for the asset. Potential Market Reactions: What Happens If SHIB Hits $0.00002045? Potential price reactions when Shiba Inu reaches $0.00002045 include a breakout above this level or a potential rebound. If Shiba Inu breaks above the $0.00002045 level, it could signal the beginning of a sustained bullish rally toward the $0.00002631 resistance level. A successful break above this level could propel the asset toward the next resistance at $0.00002960, with the potential for even higher gains. However, if the cryptocurrency encounters a rebound at the $0.00002045 resistance level, the price may retrace to its previous low of $0.00001272. When SHIB breaks below this support, it could indicate an additional downside momentum, potentially driving the asset toward the $0.00000847 mark and possibly lower levels. Featured image from Unsplash, chart from Tradingview.com