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Shiba Inu (SHIB) price has gained significant attention amid market volatility. With the potential for a 500% surge before April, the meme coin future remains uncertain.
The world of cryptocurrencies continues to be characterized by strong volatility, and the price of Shiba Inu (SHIB) is no exception.
SHIB whales have been exerting significant selling pressure on the memecoin.
Shiba Inu (SHIB) is at a pivotal moment as it tests its 26-day Exponential Moving Average (EMA), a key resistance level that could determine its short-term trajectory. After a prolonged downtrend, SHIB has managed a recovery, inching toward this crucial barrier.
As it tests its 26-day Exponential Moving Average, Shiba Inu is currently encountering a significant technical obstacle. The asset's near-term trajectory will probably be determined by the outcome of this level, which has historically served as a significant resistance point.
The 6-hour chart illuminated that SHIB was trading under a local resistance at $0.0000138, a level that rebuffed the bulls on the 16th of March.
Shiba Inu price has been facing a downturn over the past few months, dropping nearly 63% since December 2024. Despite this, a key metric has shown positive signs that may help the meme coin recover.
Prominent crypto chart analyst Ali Martinez has shared insights into his trading strategy, demonstrating how disciplined execution and risk-reward balance have helped him generate significant profits despite occasional setbacks. What Happened: In an X post on Monday, Martinez emphasized that losses are an unavoidable part of trading but managing them effectively ensures that winning trades outweigh the losses over time.
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.
A prominent Wall Street expert has weighed in on Shiba Inu (SHIB) reaching $0.01, noting that with its current price at $0.000012, such a surge would require an 85,800% increase, a challenge despite ongoing token burns. Meanwhile, crypto whales are doubling down on Mutuum Finance (MUTM), currently in its presale at $0.
A recent report published by the on-chain data aggregator CryptoQuant shows that the second largest meme cryptocurrency, Shiba Inu (SHIB), has faced a massive decline in one of its key metrics – the SHIB reserve stored on crypto exchanges.
"I'm sure he will have a lot to talk about once he returns to socials," LUCIE stated.
Despite being incredibly diverse and varied, the cryptocurrency market often tends to end up in a ‘winner takes all' scenario.
As fresh data points to a sharp drop in whale activity, Shiba Inu is still having trouble on the market. Large-holder inflows have decreased by an astounding 85% in the last week, according to the most recent on-chain metrics, indicating a precipitous drop in investor confidence.
Shiba Inu (SHIB) burn rate shot up 50,000% in the past day with a massive 13 million tokens being removed from the circulating supply.
Shiba Inu (SHIB) has been on a downtrend because of a bearish sentiment in the broader crypto market. However, analysts are bullish that Shiba Inu price could be on the verge of a breakout that could lead to 2x or 3x gains.
Shibburn blockchain data aggregator spreads the word about a massive five-digit increase in the burn rate over the past day.
Shiba Inu burn rate once again propelled significant investor optimism by gaining over 1500% on Monday. The latest burn metrics signaled that roughly 13 million coins were ditched from the crypto's circulating supply intraday.
The burn rate of Shiba Inu (CRYPTO: SHIB) has skyrocketed by over 62,000%, resulting in the removal of 505 million SHIB tokens from circulation within a single day. What Happened: The burn rate of Shiba Inu surged by an astounding 62,000%, leading to the permanent removal of 505.6 million SHIB from circulation.
They were said to be dead, those brave SHIB. But the team is barking, burning tokens in batches and preparing a revenge that could bite much harder than expected.
Large holders are leaving the market at an alarming rate, which is a worrying trend for Shiba Inu. Recent data shows a startling 70% drop in whale transactions, pointing to a significant change in institutional and high-net-worth investors' attitudes.
Shiba Inu's price action in the past 24 hours has been characterized by a brief recovery after hitting a low of $0.00001237. This 24-hour price recovery is part of a 15% recovery after Shiba Inu reached a low of $0.00001102 on March 11, which is its lowest point in over a year.
Shiba Inu (SHIB) is once again attempting to recover lost ground, but strong resistance and an ongoing downtrend continue to limit its upside potential. Currently hovering around $0.000012, this level has acted as a crucial support zone in recent months.
The official SHIB social media marketing expert, known to the community under the pseudonym Lucie, has addressed the SHIB army. Her message was particularly aimed at those who have been criticizing and underestimating SHIB and its layer-2 solution, Shibarium.
