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Many digital currencies on the market, including Shiba Inu (SHIB), are paring off their losses at the moment. Data from crypto data platform CoinGlass shows that Shiba Inu Open Interest has returned to peak levels.
The official marketing lead of the SHIB team known to the meme coin's community under the pseudonym Lucie has published two consecutive tweets to deliver two important “crypto truths” to the SHIB army.
In a recent tweet by Susbarium, a Shib-focused X account dedicated to protecting the Shiba Inu community and exposing scams, Shiba Inu (SHIB) newcomers have been issued a critical warning as scammers attempt to exploit inexperienced holders. According to Susbarium Shibarium Trust Watch, bad actors are circulating fake contract addresses to mislead users and potentially steal their funds.
Shiba Inu (SHIB) price has slightly rebounded, maintaining levels above $0.000016 in the past 24 hours. The broader crypto market has experienced a recovery, with bullish sentiment fueling expectations of further gains.
It seems that Shiba Inu is waking up as the price performance of the asset is normalizing. The asset's price gained around 11% to its price and is now exhibiting signs of upward momentum, showing signs of a breakout in the future.
Shiba Inu (SHIB) shows signs of price stabilization above $0.000015 support level with technical indicators suggesting potential upward movement toward multiple resistance levels.
SHIB remains in a tight range, but whale activity and technicals suggest a potential reversal is brewing.
Shiba Inu coin price has moved sideways in the past few weeks and created a death cross pattern pointing to further downside ahead. The SHIB token dropped to $0.000016, down by over 50% from its highest level in December.
Shiba Inu (SHIB), the popular dog-themed cryptocurrency, is nearing a critical price point that could put an astonishing 607 trillion SHIB tokens in profit. According to the Break Even Price indicator by IntoTheBlock, over 202,000 SHIB holders, who purchased their tokens within the $0.000016 to $0.000024 range, are on the verge of seeing their investments turn profitable if the price revisits these levels.
Shiba Inu (SHIB) price, a popular meme-based cryptocurrency, is consolidating as it fluctuates within a tight trading range. Despite recent declines, SHIB stabilizes above $0.000015, signaling a potential recovery.
Cryptocurrencies remained downbeat on Monday as Bitcoin stayed stuck within the $97K region. While altcoins contemplate their next moves, Shiba Inu (SHIB) displays weakness amid faded demand. Reduced interest from new traders and the emerging death cross pattern on SHIB's 1D chart positions the alt for extended declines.
Ethereum (ETH), Solana (SOL), and Shiba Inu (SHIB) all hover near key price levels. Ethereum is attempting to stabilize after a sharp decline, Solana faces a potential breakdown if support doesn't hold, and Shiba Inu is struggling to regain bullish momentum.
Not much is going on in the cryptocurrency market, especially with the price of the Shiba Inu (SHIB) token, lately. It has been a week since the largest liquidation event in the history of the digital asset market, and the SHIB price seems to be stuck in a tight range between $0.000017 and $0.00001475, neither rising nor testing local lows.
Dog-themed cryptocurrency Shiba Inu (SHIB) is approaching a crucial price range that could push a staggering 607 trillion SHIB tokens into profit. According to IntoTheBlock's Break Even Price indicator, over 202,000 SHIB holders who acquired tokens between $0.000016 and $0.000024 would finally be in profit if prices return to this range.
The meme coin hype that marked the crypto market in the first few weeks of 2025 has significantly faded, and Shiba Inu (SHIB) is bearing the brunt of this shift.
The Shiba Inu (SHIB) burn rate shot up by 807% in the past 24 hours, with more than 20.5 million SHIB tokens permanently removed from circulation.
Bitcoin (BTC) is showing signs of recovery, trading around $96,934 after a brief pullback. Market sentiment remains cautiously optimistic as BTC consolidates near crucial support levels.
The broader digital currency ecosystem has continued consolidating, with Shiba Inu (SHIB) in the spotlight. The digital currency has wriggled away from its lowest price mark in the past 24 hours, signaling signs of an early rebound.
The price of Shiba Inu (SHIB) fell to the bottom of the chart after the price dip on February 3.
Factors that influence the price of SHIB
The Dogecoin and Shiba Inu prices are currently struggling to maintain a bullish momentum as they continue to suffer significant pullbacks. This downtrend is due to macro factors that have brought about market uncertainty and sparked a bearish sentiment among investors.
Shiba Inu is clearly struggling as the death cross formation is getting closer and closer to the price of the asset. The recent price action of SHIB is dictated by bears instead of bulls, and the strengthening of a downtrend is only a matter of time in SHIB's case.
Data shared by the prominent blockchain tracking service Shibburn has unveiled that during the last day, the SHIB army has managed to push a substantial amount of SHIB meme coins from circulation.
Shiba Inu (SHIB) and Pepe (PEPE) have often been speculated about in relation to their opportunities of hitting the desirable $1 milestone. Nonetheless, with SHIB now priced at $0.00001578 and PEPE at $0.059561, the journey to $1 continues to be a challenging ascent.
