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Let's take a closer look at what the Shiba Inu price outlook for the following days are based on three important technical metrics.

With trading volume and large transaction metrics at all-time lows, Shiba Inu is going through a difficult time. Even though SHIB's price has been doing fairly well these past few weeks, there appears to be less market interest, as evidenced by the notable decline in on-chain activity, especially trading volume.

Memecoins lifted Sunday as the broader cryptocurrency market staged a spirited recovery from Friday's lows. What happened: Cat-themed cryptocurrency, Popcat, led the rally, with gains upwards of 6.5% in the last 24 hours.

The end of the week is bullish for the crypto market, according to CoinStats.

Shiba Inu (SHIB) investors have been given a major reality check as crypto analysts issue a more cautious and pessimistic outlook for the meme coin's price. While still confident in Shiba Inu's long-term bullish potential, the analyst urged investors to temper their expectations, warning them that a dramatic price spike would be unlikely anytime soon.

In just one day, 1.9 trillion Shiba Inu were transacted: SHIB whales might finally be returning. With almost 1.9 trillion SHIB transferred in the last 24 hours, big whale transactions involving Shiba Inu have experienced a surge.

As we head into the final quarter of 2024, the meme coin market remains as volatile and exciting as ever. With Shiba Inu (SHIB) showing resilience, and new competitors like Mpeppe (MPEPE) rising fast, it's a good time to evaluate where these coins might be headed.

Meme tokens continue to dominate headlines. The latest buzz centers around Mpeppe (MPEPE), a hybrid meme token that has captured the attention of Gen Z and millennials who previously made a fortune investing in Shiba Inu (SHIB).

PEPE price fell towards $0.000063 on Sept 6, down 20% within the weekly time frame, however markets data shows rising demand for PEPE across DEXs, and the derivatives trading platforms.

There appears to have been a trend of comparing Shiba Inu (SHIB) to other meme coins like Dogecoin (DOGE), Pepe Coin (PEPE) and Dogwifhat (WIF). Shiba Inu's marketing lead LucieSHIB commented on this trend and noted that such comparisons are unwise.

Update on the Shibburn tracker's website shows an immense increase in the SHIB burn rate since last morning.

The crypto market has become an enormous industry with a trillion dollars in market capitalization and millions of crypto tokens to trade into. This has offered great profit-making opportunities, but the volatility has also kept the market humbled with consistent drops.

Shiba Inu coin garnered considerable investor enthusiasm on Saturday as its burn rate noted a whopping 2000% uptick. The latest data from Shibburn revealed that over 200 million SHIB taken out of the meme coin's supply in the past 24 hours.

Supporters want previous gains to repeat.

Shiba Inu's burn portal sees no activity. Still, overall SHIB burns have surged by over 400%.

Dogecoin (DOGE) and Shiba Inu (SHIB) are currently experiencing a downtrend, highlighting the bearish sentiment towards these meme coins. This price decline is due to several factors, including developments in the broader crypto market.

As it gets closer to $55,000 the price of Bitcoin is still showing signs of weakness, and a decline to $52,000 is looking more and more likely. A bearish attitude has been evident in recent market data, especially among institutional investors, who have been withdrawing their money from exchange-traded funds related to Bitcoin.

The Shiba Inu team has announced two major milestones that promise to enhance the utility and dynamics of its network. Shibarium, Shiba Inu's Layer 2 solution, has successfully achieved a substantial milestone in NFT minting.

Shiba Inu is one of the altcoins that have been hit, especially in the crypto market crash, seeing a substantial decline from its 2024 highs. However, this has not deterred community members from their mission of trying to reduce the meme coin's supply through burning.

Explore September's forecast for memecoins like Pepe (PEPE), Dogecoin (DOGE), Shiba Inu (SHIB), FLOKI, and Dogwifhat (WIF). Analyze price trends, resistance levels, and market sentiment to understand the potential rise or fall of these popular digital tokens.

Technical price charts help unlock Shiba Inu's secrets: here's how SHIB price could reclaim its 2024 highs.

Bitcoin bears have pulled the price below the support of the range, starting a potential downtrend toward $49,000.

Meme coin Shiba Inu now finds itself trading between a narrow range of $0.000013 on the support side and $0.00001370 on the resistance side in the past 48 hours. This consolidation price action has emerged after a decline that saw SHIB fall from $0.00001600 in the last week of August.

The world of cryptocurrency is no stranger to whales making big moves, and recently, Shiba Inu (SHIB) whales have taken a keen interest in a new rising star in the meme coin space: Mpeppe (MPEPE). With the success of Shiba Inu (SHIB), these large-scale investors are doubling down by diversifying into Mpeppe (MPEPE), a promising new casino and gaming token that is rapidly gaining momentum.