Shiba Inu rebounds: The bullish case for a price surge
Shiba Inu's price action showed conflicting signs of different timeframes- but bulls have the upper hand now.
Keep up with what's happening in the crypto world in real-time.
Shiba Inu's price action showed conflicting signs of different timeframes- but bulls have the upper hand now.
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.
Over 2 trillion Shiba Inu (SHIB) tokens have been withdrawn from major cryptocurrency exchanges in the past week, with Coinbase, Binance, and Uniswap leading the outflows.
The Shiba Inu price continues to trade well below its current all-time high (ATH) of $0.00008845, a level which it attained in the last cycle. Interestingly, SHIB will still fail to touch its ATH even if it were to attain Dogecoin's current market cap.
Fartcoin (CRYPTO: FARTCOIN) is up 19% on the day, with traders pointing out that the popular meme coin is acting as a high-beta play on Bitcoin. Cryptocurrency Price 24-Hour Trend Fartcoin (CRYPTO: FARTCOIN) $0.52 +19% Dogecoin (CRYPTO: DOGE) $0.1736 +3.8% Shiba Inu (CRYPTO: SHIB) $0.00001293 +3.2% Trader Notes: Crypto trader CRG noted that Fartcoin's chart is showing strength.
Bulls are planning to seize the initiative at the beginning of the month, according to CoinStats.
Recent events point to Shiba Inu (SHIB) and Pepe Coin (PEPE) leading the front stage in the subsequent significant rise. Strong technical indications, committed communities, and market momentum suggest they might beat DOGE in percentage gains during the forthcoming bullish cycle. Shiba Inu (SHIB) shows strong technical and fundamental growth Currently trading at almost $0.
Shiba Inu (CRYPTO: SHIB) is up 5% on Tuesday, with on-chain activity surging and large transactions hitting new peaks. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00001283 $7.6 billion +5.5% -4.7% Dogecoin (CRYPTO: DOGE) $0.1711 $25.4 billion +5.1% -8.6% Pepe (CRYPTO: PEPE) $0.057622 $3.2 billion +8.7% -3.9% Trader Notes: Crypto trader CW highlighted that SHIB is rebounding from a buy wall zone, forming additional sell walls along the way.
Dog-themed cryptocurrency Shiba Inu (SHIB) has risen over 6% in the last 24 hours as Shibarium, its layer-2 blockchain, surpassed one billion transactions, a significant milestone for the Shiba Inu ecosystem. This milestone has sparked excitement within the community, highlighting confidence in Shibarium's long-term growth.
The Shibarium community has received a notable warning that could help protect their funds and assets. In an update by Susbarium, the online platform dedicated to exposing scams and protecting community members, users were alerted to possible April Fools' Day scams.
Shiba Inu lead Shytoshi Kusama has once again stolen the spotlight with his recent location update on social media. For context, the Shiba Inu creator has recently mentioned “Cracking The Chrysalis”, which has sparked discussions among investors.
As the crypto space matures, investors are starting to shift focus away from meme-driven hype and toward protocols built on real value. Dogecoin (DOGE) and Shiba Inu (SHIB) may still dominate headlines from time to time, but the spotlight is moving.
SHIB has reacted positively to the development and is the best-performing cryptocurrency from the top 20 club in the past 24 hours.
In a development no one saw coming, U.S. Treasury officials are scrambling after an internal audit revealed a massive discrepancy in Fort Knox's gold reserves.
Shiba Inu price is in the spotlight as showcased by the more than 1 billion transaction milestone registered by Shibarium.
Shiba Inu (SHIB) has broken below a crucial support level at $0.00001230, signaling a potential continuation of its downtrend. This level has acted as a major support zone since mid-2023, consistently sparking relief rallies.
After successfully recovering from a critical local support level, Shiba Inu may be poised for a significant price reversal. The meme coin, which has been steadily declining over the past few months, has displayed some bullish momentum with a daily gain of +3% and is currently trading at about $0.00001276.
Shiba Inu (SHIB) has garnered attention for its potential, with forecasts suggesting a price increase to $0.000013. However, this growth trajectory appears modest compared to the projections for Mutuum Finance (MUTM), an emerging decentralized finance (DeFi) platform. It launched its fourth phase of funding during its altcoin presale where investors bought it at $0.
Shiba Inu (SHIB) burn rate shot up a whopping 1,300% in the past 24 hours with 17 million tokens being removed from supply.
Shiba Inu buyers are back in the market to buy the dip giving hope for a short term price recovery.
Shiba Inu has formally broken through one of its most important annual support levels, raising the possibility that its protracted decline will continue. After weeks of pressure, the asset is currently trading below the $0.00001230 level, a crucial historical support zone that has remained stable since the middle of 2023.
As Shiba Inu (SHIB) inches closer to its next major breakout, speculation is growing over whether its biggest rival, Mutuum Finance (MUTM), could steal the spotlight. A 20x rally for is a bold prediction, but some analysts argue that MUTM's explosive potential in the DeFi sector could deliver even bigger gains.
Shiba Inu price remains in a freefall as investors remain fearful ahead of Donald Trump's Liberation Day tariff implementations. The coin has crashed for five days, erasing most gains made earlier this month, and moving to its March 14 low.
The price of Shiba Inu (SHIB) is now falling after peaking at $0.00001567.