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Crypto prices today stirred a whirlpool of speculations among market watchers globally, showcasing mixed price actions. While Bitcoin (BTC) maintained a trading session in the green at the $75K level, altcoins mainly reflected a turbulent market sentiment.
Historically, Shiba Inu and Dogecoin have moved in tandem. For SHIB to break out, it needs to leverage this dynamic.
At $0.000019, a significant resistance level that has established itself as a formidable obstacle for the meme coin, Shiba Inu is presently having difficulty breaking through. SHIB's upward momentum has been capped by this resistance, which has caused it to oscillate within a small range.
Recently, Shiba Inu (SHIB) has exhibited promising momentum, thereby attracting the attention of both investors and traders. After achieving a significant 30-day high, SHIB has embarked on an upward trajectory, leading many to speculate about its potential to attain new heights—perhaps even its all-time high (ATH).
A Shiba Inu (SHIB) whale has transferred 597 billion tokens, valued at over $11 million, stirring excitement and concern in the crypto community. As SHIB nears a key resistance, market watchers are weighing the potential for a bullish breakout or a bearish turn in response to this whale activity.
Popular meme-inspired cryptocurrency Shiba Inu (SHIB) saw its quotes rise by 17.82%, reaching a multi-month high at $0.0000199. However, as the token approaches the crucial $0.00002 price mark, a major obstacle may be standing in its way.
Dog-themed cryptocurrency Shiba Inu (SHIB) is seeing a surge in whale netflows, skyrocketing by an astonishing 7,429%.
Following a 10% rally on Wednesday, Pepe (CRYPTO: PEPE) has caught the attention of cryptocurrency traders, who think the frog-themed meme coin is destined for further gains. What Happened: Crypto analyst Bluntz remarked that "frogs are back in fashion" looks like frogs are back in fashion, $pepe downtrend break with volume.
In the wake of a bullish Trump election win, an influx in trading volume has sent Shiba Inu's token-burning mechanism into overdrive, axing over 53.3 million SHIB and stoking rally hopes. The post Shiba Inu Burn Rate Soars 3,674% in 24 Hours – Is a Massive Rally Next? appeared first on Cryptonews.
The market structure on the daily chart is still bullish, and the OBV has made higher lows in the past five weeks.
A recent on-chain transaction showed that 597 billion SHIB tokens worth more than $11 million have been moved from an unidentified whale address.
Shiba Inu price could follow Dogecoin's footsteps and rise by 4X after SHIB whale accumulation skyrocketed by over 7,000% in the past 7 days. Whale accumulation is a signal that large investors are confident in the crypto asset and are anticipating that the price will move up in the future.
On November 6, Shiba Inu saw a 3674% increase in its burn rate, with 53.31 million SHIB tokens removed from circulation. This massive burn, spearheaded by a single address, has lifted market sentiment, suggesting positive price momentum as optimism swells across the crypto market.
Shiba Inu (SHIB) recently witnessed a significant increase in its burn rate, surging 3,674% on U.S. presidential election day. Interestingly, this spike has come amid reignited interest in the SHIB price.
Optimism toward the popular dog-themed meme coin, Shiba Inu, is gaining traction following a recent price rebound at the beginning of the week triggered by a positive market sentiment. Despite recent price fluctuations, several analysts are confident that SHIB is still capable of a short-term rally.
Shiba Inu (CRYPTO: SHIB) is up 2% in Wednesday trading and continues to burn tokens, fueling trader speculation about positive price action on the horizon. What Happened: Data from Shibburn shows Shiba Inu's burn rate increasing by 3,674%in the past 24 hours.
Crypto markets cheered Donald Trump's win by pushing Bitcoin to a new all-time high above $75,000, signaling the start of the next leg of the uptrend.
Dogecoin and the Shiba Inu price have recorded double-digit rallies in the last 24 hours, up 25% and 10%, respectively. The foremost meme coins have witnessed these massive price rallies thanks to developments in the US election, which present a bullish outlook for them.
Today marked not only a new all-time high for Bitcoin but also a major breakout on the Shiba Inu (SHIB) price chart. According to Binance, the popular meme-inspired cryptocurrency "shot up" 11.44% today, going from $0.00001785 to $0.0000199.
Shiba Inu's price held steady on Wednesday as most meme coins bounced back, with a golden cross pattern nearing. Shiba Inu (SHIB), the second-largest meme coin, rose to $0.000020, marking an 82% increase from its lowest level in August.
Shiba Inu (SHIB) surprised the crypto world with a massive burn rate spike of 3,674% in just one day. With over 53 million SHIB tokens sent to burn wallets, this effort is a big step in Shiba Inu's mission to reduce its circulating supply.
After facing recent volatility and liquidations summing up to approximately $350 million, Bitcoin price is now settling at $73,000. With this in mind, investors are searching for potential alternatives that could earn them good profits.
The price of Shiba Inu (SHIB) has risen above the moving average lines for the fourth time as it recovers from the low of the chart. SHIB is currently trading above the moving average lines.
Shiba Inu (SHIB), the second-largest memecoin by market capitalization, has seen an 8% daily surge following Bitcoin's surge to $70,000. Amid the market volatility, the token is trying to recover a key resistance level, which could propel the price to a 110% rally.
