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A crucial support level was recently lost by Shiba Inu, and the future of the well-known meme coin appears bleak. Now that the price of SHIB has fallen below the critical $0.000012 threshold, the asset may be about to take a disastrous turn.
Crypto prices today continued their downward trend as investors remained in the sidelines and panic selling intensified. The crypto fear and greed index has slipped to 18, while Wall Street analysts from companies like Citi and HSBC have issued a major warning about the current state of the market.
Price of Shiba Inu could be poised for a drop towards its low of early 2024 as its network activity fell.
As Bitcoin stumbles and altcoins shake, Shiba Inu rises, defying panic and swearing loyalty to its unwavering ecosystem dream.
Shiba Inu is reeling from a sharp price crash, with on-chain data pointing to massive selling by large holders (whales) as the culprit. Over the past week, SHIB's market value has dropped significantly alongside the rest of the industry, erasing recent gains and testing key support levels.
The crypto market is imploding, with the total market capitalization in the industry crashing from over $3.5 trillion in November to $2.58 trillion. Bitcoin and most altcoins like Shiba Inu, Pepe, XRP, and Pi Network have all retreated by double digits from their 2024 highs.
Previously, the UAE redefined Shiba Inu's status by selecting ShibOS to run the digital transformation programme.
Shiba Inu (SHIB) price remains steady above $0.000012 despite recent market fluctuations. The token has experienced a downward trend, breaking several resistance levels.
Following its recent decline, XRP has been finding it difficult to stay afloat, but there are indications that a reversal may be imminent. In order to stop further declines, the asset has reached a critical support level at about $2.14, where buying interest may rise.
When Michael Saylor recently cheered up the cryptocurrency market by announcing a $21 billion stock offering to allegedly buy more Bitcoin, many digital assets showed up with the color green in their quotes. Shiba Inu (SHIB), the popular meme-inspired cryptocurrency, was no exception, and its price also went into up mode.
Shiba Inu (SHIB), the dog-themed meme coin, has experienced major bearish pressure on the broader cryptocurrency market. This drawdown is threatening SHIB's ranking among the top 20 crypto assets.
The rise of real-world asset (RWA) tokenization has recently been a hot topic in the crypto market. One project is leading the way: Rexas Finance (RXS).
Shiba Inu (SHIB) has faced challenges in regaining momentum, with its price showing little progress despite broader market movements. Recent attempts at recovery have been met with resistance, leaving many investors uncertain about its near-term potential.
Over the past week, Shiba Inu has witnessed a notable transaction volume of 3.7 trillion tokens, indicating a spike in market activity. But the question still stands: Is this sufficient to promote a long-term recovery?
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.
Amid Shiba Inu (SHIB) finding itself in bear territory, the second-largest meme coin must hold the critical support zone of $0.000012 to avoid intensified price correction.
Despite broader market weakness, Shiba Inu (CRYPTO: SHIB) is holding its ground, with burn rate and key metrics showing strength. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00001267 $7.5 billion +2.3% -10.6% Dogecoin (CRYPTO: DOGE) $0.1754 $26 billion -4.9% -20.7% Pepe (CRYPTO: PEPE) $0.056418 $2.7 billion +3% -23.1% Trader Notes: On Saturday, TradingView analyst The Hunters Company noted that SHIB's price correction near resistance presents a potential buying opportunity.
Shiba Inu (SHIB) traded steadily on Monday, March 10, 2025, following a week of modest fluctuations. However, the token has faced a significant decline over the past month, dropping 12.96% in the past week and 19.55% over the month.
Data shared by the popular Shibburn tracking platform shows that over the past day the Shiba Inu community has destroyed a large amount of SHIB coins, pushing them out of the circulating supply.
During the current crypto downtrend, memecoins have been hit hard. Although top-ranking memecoins $DOGE, $SHIB, and $PEPE, still have large market caps, are they on a trajectory to zero, or can a renewal of the bull market still send them to higher highs?
With SHIB struggling to hold key support levels and bearish momentum building, investors are wondering will it crash to zero.
Dogecoin (DOGE) and Shiba Inu (SHIB), popular meme coins in the cryptocurrency market, are at a critical point, as the year unfolds. With their quick rise driven by strong community support and social media buzz, these altcoins have gained the attention of traders.
Shiba Inu (SHIB) is struggling to maintain its rank among the top 20 cryptocurrencies amid a broader market downturn. Currently sitting at the 20th spot with a market cap of $7.29 billion, SHIB is down 3.08% in the last 24 hours, trading at $0.00001236.
Recent data shows a 730 million XRP outflow from the network's payment volume, which has greatly hampered XRP's price recovery. The asset's capacity to sustain upward momentum is called into question by this drop in transactional activity, which indicates waning investor confidence.
