Shiba Inu reaches a resistance level that might become an unbreakable wall for the asset in its current shape and form as it struggles with low momentum and substantial on-chain resistance. Over 20,000 addresses bought a massive amount of SHIB at the $0.000012 mark, or roughly 18.83 trillion tokens, according to recent on-chain data.
In a move that caught the attention of the Shiba Inu community, 16,682,282 SHIB tokens were transferred to a dead wallet and burned at one go, according to data from Shibburn.
Shiba Inu price has not made any meaningful gains over the past month, as meme coin traders remain cautious due to uncertainty caused by tariffs and the trade war. However, one top trader has used an Elliott Wave analysis to identify a bullish outlook for SHIB, suggesting that it may be on the verge of
SHIB bulls could be in for some good news - here's what's brewing.
Shiba Inu trades at critical resistance while 59% of traders are bearish, but experts remain optimistic with price poised for potential breakout.
Cryptocurrencies are off to a rough start in 2025. The total value of all coins and tokens in circulation currently stands at $2.7 trillion, which is down about 20% for the year.
Shiba Inu meme coin has recently rattled the crypto market by following one of the latest trends in the sector. The crypto's team shared an X post this Friday that read, “Shib is for everyone.
Shiba Inu (SHIB) recently encountered resistance as a local death cross formed on the four-hour chart, where the 23-period moving average slipped below the 50-period one. This technical crossover triggered a 2.65% drop, pushing SHIB down from its attempt to break above a short-term structure near $0.00001194.
Experts remain bullish on SHIB despite market uncertainty, predicting a potential surge to $0.0000600 by 2025.
The Shiba Inu price continues to attract the attention of analysts, who are watching for its next potential move. A recent report from Finder, based on the insights of 26 crypto industry experts, reveals a cautiously optimistic outlook for SHIB.
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.
The SEC of the Philippines has opened applications for its Strategic Sandbox (StratBox) program, aimed at fostering innovation in the growing field of crypto-asset services. The post Philippines SEC Opens Applications for Crypto-Focused Regulatory Sandbox appeared first on Cryptonews.
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.
Shiba Inu (SHIB) has seen a massive spike in daily volume, reaching a total of 224 billion SHIB within 24 hours. This surge has attracted attention due to its connection with a significant rise in whale activity.
Shiba Inu's badge of honor: Shibarium wants to reward users for participating in Web3 activities via Karma points.
Fartcoin (CRYPTO: FARTCOIN) continues to surge, with a 57% over the past week and traders anticipating the rebound rally to last. What Happened: Crypto trader CRG points out that Fartcoin has now tested its yearly open six times without a decisive breakout.
Shiba Inu (SHIB) has registered large transactions in the ecosystem, recording a leap of 173% within the last 24 hours. According to IntoTheBlock data, SHIB has recorded increased transactions as whale traders move SHIB amid the dynamic market trend.
Dog-themed cryptocurrency Shiba Inu (SHIB) has just seen a surge in large holder inflows in the last 24 hours, according to data from IntoTheBlock.
Bears are back as most of the coins are in the red zone, according to CoinStats.
Shiba Inu developers are ushering in a new phase with the launch of Karma, a trust-scoring system designed to evaluate user activity across its decentralized ecosystem. Shadowhunter, one of the projects developers, recently appeared on a podcast to discuss the new system, highlighting its pivotal role in the Shiba Inu DAO and broader dApp landscape.
Shiba Inu price has failed to register significant gains in the last two months, which has caused a decline in the number of daily active addresses to a one-year low. This drop shows that the level of market interest in SHIB is waning.
Shiba Inu's Layer-2 blockchain, Shibarium, has officially surpassed 1 billion transactions, marking a significant achievement for the ecosystem. This milestone comes 18 months after the platform's launch, underscoring its rapid adoption and growing role in the crypto space.
Shiba Inu price remained in a tight range at a crucial support level as the token's burn rate gained momentum. Shiba Inu (SHIB) was trading at $0.00001192 on Tuesday, where it has been for the past few days.
The Shiba Inu protocol has seen a major bump in its deflationary metric, the burn rate. According to data from Shibburn, this metric has jumped by 2,063% in 24 hours, with more than 20 million SHIB sent to dead wallets.
Dogecoin, Shiba Inu, and the broader meme coin sector are seeing selloffs while investor sentiment in leading cryptocurrencies seems to be back.
With market observers anticipating another test of the psychologically and technically significant $0.00001 level, Shiba Inu is once again approaching a critical price juncture. Since early February, the meme-inspired token has been trapped in a persistent downward trend, and current price action indicates that SHIB holders may be in for more suffering.