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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.

With its market capitalization currently falling below the $8 billion mark, Shiba Inu has suffered yet another serious setback. The meme coin's prospects appear bleak as it attempts to regain traction on a market that is lacking purchasing interest, as indicated by this significant support breach.

The official social media marketing lead of the Shiba Inu development team, famous in the cryptocurrency community under the pseudonym Lucie, has made a crucial public statement about the importance of the BONE token for “everything SHIB builds on Shibarium.”

Latest updates on SHIB, ADA, and HNT coins.

Shiba Inu (SHIB) price has been consolidating in a tight range since early August, fluctuating between $0.00001462 and $0.00001304. Despite a generally bearish market sentiment, SHIB has managed to stay above its support level, largely avoiding a major price drop.

After a weeklong drawdown in the price of most digital currencies, altcoins like Shiba Inu (SHIB) are now pulling all their weight toward a trend reversal. For the meme coin, it is choosing to lean on its daily burn rate, which is its deflationary metric that has triggered an uptick today.

As a result, almost all major US stock indices slipped into the red. Bitcoin (BTC) dropped nearly 4% over the past 24 hours, while gold registered a 1% increase to push back above the $2,500 mark.

Memecoins suffered steep losses following a drop in Bitcoin's value, which triggered broader market declines.

Shiba Inu price has mostly been consolidating over the last month, with an occasional spike above the range around mid-August. The price action depicts a potentially bearish pattern forming spells lower prices for SHIB price in the long run.

Shiba Inu (SHIB) lack of bulls in terms of price performance hasn't stopped the crypto community to lose faith in the meme coin. Recently, renowned analyst Javon Marks shared an optimistic outlook for the meme-based cryptocurrency.

The post Shiba Inu's Bold $0.01 Prediction: Here's When Will SHIB Reach New Heights? appeared first on Coinpedia Fintech News

The crypto industry might be looking unfavorable in terms of price increases with Bitcoin's break below $50,000, but Shiba Inu (SHIB) holders seem to be defying the odds. Despite the overall market turbulence and significant selloffs, the dog-themed cryptocurrency has experienced a noticeable uptick in large transactions over the last 24 hours.

One of the most promising indicators for SHIB's potential rally is the increase in its token burn rate. Over the last 24 hours, Shiba Inu's burn rate jumped by 35%, resulting in nearly 3 million tokens being permanently removed from circulation.

In the latest edition of The SHIB Magazine, the Shiba Inu team has unveiled new details about the upcoming DevPortal which is about to reshape the Shibarium Layer 2 blockchain landscape.

Shiba Inu (SHIB) saw its netflows skyrocket 285%, fueled by heightened whale activity. The surge in whale transactions has ignited fresh speculation of a potential SHIB price explosion, as large holders position for a possible breakout.

SHIB has experienced a sustained upward momentum over the past month, rising by 14.21%.

The fallout from SHIB DAO: key findings after digging deeper into the $90,000 Ethereum fund heist.

Days after announcing the proposed Shiba Inu DAO, the Shiba Inu (SHIB) community has voted to move forward with the initiative, bolstered by a significant 37.5 ETH donation from Project Wellys, one of the network's major partners.

By early September 2024, most major meme coins had already left their 2024 highs far behind, and there is significant doubt if they will regain them before the year is out as, in recent months, these cryptocurrencies have done little other than decline.

Shiba Inu coin's marketing lead Lucie on Thursday shared vital insights into the ShibDev portal, “a key enabler for developers to build on Shibarium.” The marketing lead took to X, revealing how the portal revolutionizes building on Shibarium, Shiba Inu ecosystem's Layer 2 blockchain.

Dog-themed cryptocurrency Shiba Inu (SHIB) has witnessed a staggering 285% surge in large holder netflows, driven by significant whale activity.