Shiba Inu (SHIB) Shows Mixed Signals Amid 30% Monthly Decline
Shiba Inu (SHIB) has been trading well below $0.000020 for the past month, experiencing a 30% decline in February. Its market cap now stands at $8.25 billion.
Keep up with what's happening in the crypto world in real-time.
Shiba Inu (SHIB) has been trading well below $0.000020 for the past month, experiencing a 30% decline in February. Its market cap now stands at $8.25 billion.
Bitcoin has dropped to its lowest point since 2025, breaking below a significant sideways channel and suggesting that there may be more downward pressure. Bitcoin is currently trading at $88,835, having dropped by almost 3% over the last day and broken through the crucial $92,000 support level.
Shiba Inu (SHIB) has been in the spotlight recently due to a remarkable surge in its token burn activity, which increased by a staggering 2532.14% over the past 24 hours. This surge is part of efforts to reduce the circulating supply of the cryptocurrency, which theoretically could drive its value upward due to scarcity.
Crypto market volatility continues as Shiba Inu price trades near a crucial support level. SHIB is hovering around $0.000013, mirroring the broader downturn.
Tuesday's crypto freefall escalated with Bitcoin, Solana, Shiba Inu all hitting quarterly lows.
Shiba Inu whale activity soars, hitting a three week high, but bearish sentiment persists.
After recording a bearish weekend, the bearish influence over the crypto markets escalated. With the huge drop in the S&P 500, the crypto markets also slashed, wiping out over $200 billion. The major tokens like Bitcoin, Ethereum, and Solana faced huge pullbacks, forming fresh bottoms.
Bulls remain weaker than bears today, according to CoinStats.
Dog-themed cryptocurrency Shiba Inu (SHIB) is at a decisive juncture, and a breakdown below a key support could lead to a major decline, potentially adding another zero to its price tag.
Shiba Inu may double in price, but FloppyPepe, an AI-powered meme coin, could see massive gains. #sponsoredcontent
According to on-chain data, 60% of Shiba Inu holders are currently losing money, which presents a harsh reality. Many investors were caught offguard by the meme coins' recent price decline, especially those who purchased during recent rallies in anticipation of another leg up.
According to the data shared publicly by the Shibburn blockchain tracker, over the past day, an important metric of the second largest meme coin, Shiba Inu, has soared to display a three-digit rise, with millions of SHIB coins disappearing forever.
The cryptocurrency market faced a sharp downturn over the past 24 hours, with Bitcoin (CRYPTO: BTC) dropping to a low of $87,115 before stabilizing at $88,850, marking a 7% decline. Ethereum (CRYPTO: ETH) saw an even steeper drop of 10%, trading at $2,420.
A move above $0.00001570 is crucial for bullish momentum for Shiba Inu, while $0.00001350 is an important support level.
Despite burns, Shiba Inu is facing some resistance, and price recovery remains uncertain without catalysts.
DOGE, SHIB, PEPE, and BONK are seeing massive losses, while BTC and XRP continued to outperform, maintaining significant post-election price gains.
Shiba Inu (SHIB) price is facing a challenging market environment as bearish trends dominate the meme coin. Over the past month, SHIB price has experienced a decline, reflecting concerns within the crypto market.
Bitcoin and most altcoins crashed on Tuesday morning, continuing a trend that has been going on in the past few months. BTC crashed to $91,000 for the first time since February 3rd and 15% below its highest level this year. Other altcoins were also in the red.
Shiba Inu (SHIB) gained attention through its community-driven momentum, but its future growth remains uncertain without strong utility. Meanwhile, Mutuum Finance (MUTM) is emerging as a promising DeFi project, offering real financial applications through decentralized lending. Currently priced at $0.015 in its presale, MUTM has already raised over $1.
Ali Martinez, a well-known crypto trader on X, has highlighted a worrying trend for Shiba Inu (SHIB), revealing a 79% drop in whale activity over the past three months.This sharp decline suggests that market sentiment toward SHIB may have weakened, mirroring the broader downturn in meme coins during this period.
Monday is considered to be the most unpleasant day of the week, and the cryptocurrency market is proving that fully today. With the U.S. stock market opening at a three-week low, prices on the crypto market were hit so hard that $349.34 million were liquidated in 24 hours.
The once dominant Shiba Inu (SHIB) is enduring a severe cryptocurrency downturn, seeing a significant 26% price reduction in the last month. Current data indicates the meme token is trading at $0.00001476, with a market capitalization of around $8.7 billion.
Shiba Inu (SHIB) has slumped below its key $0.000015 support, dropping 5% in a day as its burn rate plunges.
Shiba Inu (SHIB) boasts a staggering supply of 589 trillion tokens, a number that has weighed on the meme coin's price growth despite periodic burns. The Shiba Inu community continues to burn SHIB tokens daily, but the impact on the price has been limited due to the massive supply.