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The price of the popular meme-inspired cryptocurrency Shiba Inu (SHIB) has come to a point that can be described as nothing short of "now or never." According to the Bollinger Bands indicator, the Shiba Inu token has hit the median line, a fixation below which could result in a painful drop of more than 17% to the lower end of the range.
As fear, uncertainty and doubt reign in the cryptocurrency space, market participants find themselves in the midst of notorious volatility and dislocation in the prices of digital assets. Against this backdrop, it is extremely difficult to make investment decisions, and there is little to guide one.
Fartcoin (CRYPTO: FARTCOIN), a meme-based cryptocurrency with unconventional origins, has hit an all-time high market capitalization of $763.9 million. The Solana (CRYPTO: SOL)-based token's meteoric rise, reaching a preliminary all-time high of $764 million on Friday per DexScreener data, has been driven by a mix of online speculation and social media buzz.
The Shiba Inu price is gearing up for a massive rally amid positive market trends. Notably, the SHIB burn rate also noted a massive surge of over 3700% today, indicating a bullish momentum ahead for the crypto.
The orders imbalance showed that sell orders were few within 10% of the price. This can be perceived as a short-term SHIB buying opportunity.
Shiba Inu (SHIB) has risen 8% to $0.000029, bringing 69% of holders into profit while showing mixed on-chain metrics and decreased burn rate, with technical analysis suggesting potential for further upward movement to $0.000081.
Legacy memecoins have done well so far, but their position could be under threat soon.
17 million Shiba Inu (SHIB) tokens were burnt in the last 2 days, data provided by shibburn.com suggests. That makes for a good title, but actually, that only amount to token worth around $500 being burnt. The post Shiba Inu Burns 17M Tokens – Could a Parabolic Rally Be Next? appeared first on Cryptonews.
The Shiba Inu price has rebounded towards $0.00003, which has put most of the SHIB holders back in the green. This is significant, considering how it could set Shiba Inu on a path to higher prices.
Shibarium, the blockchain scaling solution designed to enhance Shiba Inu's ecosystem, has recently surpassed 600 million transactions. This is a remarkable achievement that highlights its growing popularity and the efficiency of the network in handling high volumes of transactions.
Shiba Inu (SHIB), the popular and second-largest crypto meme coin by market cap, is poised for upside momentum as whale interest in the meme coin skyrockets. Despite the recent price decline across the cryptocurrency market, whales' interest and confidence in SHIB remain unchanged, according to an on-chain analytics report by Coinglass. 3.
Shiba Inu (SHIB) has gained significant attention in the cryptocurrency world with its impressive 133% surge from the low of $0.000013 in August to its recent high of $0.00003031 in early November. This surge has prompted experts to revise their predictions for the coin's potential future price movements, specifically for targets like $0.0001, $0.001, and $0.01.
Shiba Inu (SHIB) is once again capturing attention as it approaches a pivotal price level, with the $0.00002960 resistance emerging as a defining hurdle for the bulls. After a period of steady gains, market participants are now focused on whether SHIB can muster enough strength to break past this critical threshold.
Shiba Inu (CRYPTO: SHIB) whale Shibtoshi, known for his mysterious persona and gold-themed public mask, has risen to prominence in the crypto world. Operating mostly under a veil of anonymity, he shared his story of turning 37 ETH into a multi-billion-dollar Shiba Inu fortune while navigating the volatile world of cryptocurrency.
Shiba Inu (SHIB) has seen significant price action recently, though it has struggled to break past a crucial resistance level. Despite the lack of sharp gains, investor confidence remains high.
Bonk (CRYPTO: BONK) continues to chase Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), performing slightly better than its two bigger rivals over the past 24 hours. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Bonk (CRYPTO: BONK) $0.00003949 $2.98 billion +2% -8.4% Dogecoin (CRYPTO: DOGE) $0.4148 $60.9 billion +0.2% -8.1% Shiba Inu (CRYPTO: SHIB) $0.0000288 $16.9 billion +0.2% -10.1% Trader Notes: Crypto trader Cold Blooded Shiller noted Bonk chart is reflecting a huge weekly retest:
Although it may seem like a huge amount, the 10 trillion Shiba Inu that whales have transacted in the last 24 hours are nothing in comparison to its historical highs. Significant market movements may be predicted by high transaction volumes, which frequently signal increased whale activity.
The marketing lead of the Shiba Inu team, known as Lucie, took to her account on the X social media platform to share a bullish Shiba Inu price prediction provided by a cryptocurrency analyst.
Shiba Inu (SHIB), the second-largest memecoin by market cap following Dogecoin (DOGE), is now experiencing a notable surge in its price after breaking through key levels in the past week. Currently trading at $0.00002877, SHIB has risen 14% over the past day, signaling renewed investor interest.
As the year ends, the Shiba Inu price gains significant traction, surging recently by 5%. Despite minor corrections, SHIB remains bullish, rebounding from key support levels and signaling potential growth.
The crypto industry is experiencing fresh growth in price as the combined market cap jumped 5.06% to $3.62 trillion. Riding this positive momentum is Shiba Inu (SHIB), the second-largest meme coin, which is up 7.05% in 24 hours to trade at $0.00002926, per CoinMarketCap data.
Dogecoin, Shiba Inu, and Pepe show mixed signals in technical analysis. DOGE targets $1, SHIB eyes a 50% rebound, and PEPE risks a 40-50% correction after its overheated rally.
"We could be soon witnessing a more than 180% climb unfold in front of our eyes," one analyst predicted.
The memecoin is in a pump of +203% compared to a year ago, but how will the last month close?
