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The Shiba Inu price is indicating that it can bounce back as investors attempt to gain control of the popular meme token's price action. SHIB appears to be creating trends that would assist in propelling it to the crucial price of $0.00002.
The meme coin Shiba Inu (SHIB) recently faced a technical barrier it could not overcome, despite some early attempts. On the four-hour chart, the 23-period moving average crossed below the 50-period one — forming a local death cross — and the price reacted accordingly.
An industry expert panel sets targets for Shiba Inu's year-end price, hinting at 235% growth for the popular canine coin.
While the Shiba Inu price has crashed by 65% from its November highs, one crypto analyst believes it is too resilient to fail and that it is much better than other meme coins like Dogecoin and Pepe. As such, if her reasons are correct, the SHIB price will likely bounce back in the long term.
Shytoshi Kusama, the leader of Shiba Inu, has been quiet for nearly three weeks. But now, he's back with a short, mysterious message, “Next week let's go back to it, can we?” This has made the SHIB community excited, thinking something big might be coming, maybe even a rise in SHIB's price.
Technical and on-chain data indicate that Shiba Inu is about to enter a critical phase, which could see a spike in volatility. The next significant move of the token may be greatly influenced by the astounding 13.7 trillion SHIB tokens that are on the verge of activation currently sitting at or slightly below the break-even level of $0.000012.
The enigmatic Shiba Inu lead known to the community under the pseudonym Shytoshi Kusama has returned after yet another long, almost three-week absence.
Shiba Inu (SHIB) continues to face strong selling pressure, now trading around $0.00001168 after failing to establish solid support in recent sessions. The meme coin remains highly vulnerable to a potential drop toward $0.00001050, or even $0.00001000, a psychologically significant level for traders.
Shiba Inu is in the spotlight, joining the broader market rally amid a divergent burn rate outlook. As of press time, data from Shibburn shows the burn rate is down by 98.79%, with less than 857,632 SHIB torched in 24 hours.
Most financial experts doubt Shiba Inu will ever flip Dogecoin despite recent whale activity and SHIB's slight outperformance of ETH.
Shiba Inu (SHIB) is showing signs of renewed momentum as its burn rate jumps by 111.43% in 24 hours, with a weekly increase of 19.48%, according to blockchain tracker Shibburn. This notable uptick marks a potential revival in SHIBs deflationary mechanism, reigniting optimism among holders.
A recent poll indicates that financial experts remain skeptical if Shiba Inu is able to overtake Dogecoin in value. The poll, conducted by Finders, surveyed 14 finance experts for their opinion on whether SHIB will ever overtake DOGE in market capitalization.
Shiba Inu has once again faced significant downward pressure. The asset is now trading at about $0.00001168, having failed to set up a significant support level in the last few sessions.
After weeks of relatively low burn activity, Shiba Inu's burn rate is seeing a slow but notable rebound, according to the latest figures from blockchain tracker Shibburn.
Shiba Inu (SHIB) looks primed for a possible breakout as the price action on the weekly chart constricts. Several cryptocurrency analysts are referring to a pattern formation that suggests SHIB could be on the verge of a massive price action following a consolidation phase.
What's fueling the buzz behind SHIB and OM this week? Shiba Inu (SHIB) price analysis shows the token testing $0.000012, with whales and retail users stacking up trillions of tokens. Over on the RWA side, Mantra (OM) Price Forecast is looking strong after a $1B tokenization deal and a Google Cloud validator partnership.
Even after a sharp cooldown, the meme coin sector refuses to die quietly. With Fartcoin (CRYPTO: FARTCOIN) in the focus, traders say the meme coin mania might be entering a stronger, more refined phase.
Shiba Inu price is consolidating within the range lows amid a lack of buying momentum. However, the meme coin's consolidation is happening within a bullish pattern, with a breakout suggesting that the price may be poised for a 17x surge to $0.0002.
SHIB and XRP are both testing historically significant support zones, with technical indicators hinting at a potential shift in momentum as traders watch for key breakout levels to confirm a trend reversal. Shiba Inu (SHIB) is currently trading at $0.
Shiba Inu (CRYPTO: SHIB) is seeing a significant uptick in on-chain activity and surging burn rates even as prices consolidate. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00001163 $6.9 billion -2.9% +6.2% Dogecoin (CRYPTO: DOGE) $0.1534 $22.8 billion -4.07% -5% Pepe (CRYPTO: PEPE) $0.057127 $2.99 billion -3.2% -12.4% Trader Notes: Crypto trader Javon Marks remains bullish, stating that SHIB's first major breakout target sits over 550% higher at $0.000081.
Although Shiba Inu may be having trouble on the price chart, a significant change in its on-chain behavior might indicate a possible recovery. A notable increase in important whale-related metrics could indicate that large holders are once again interested even though market performance has been weak.
Shiba Inu stagnates under pressure, its fall is imminent. Bitcoin absorbs investors, and SHIB, with its anemic volume, could lose a zero in value if no change occurs.
SHIB could decline by 30% if it fails to break above the upper boundary of the descending channel pattern.
Shiba Inu (SHIB) is back in the spotlight following a surge in whale activity, hinting at a potential trend reversal. In the past 48 hours, over 160 billion SHIB tokens have flowed into the asset, signaling renewed accumulation by large holders.
