Data shared by Whale Alert blockchain sleuth, which monitors large cryptocurrency transfers and then shares the details on its website and X account, spreads the word that over the past three hours a staggering amount of DOGE meme coins has changed hands.
With its price falling below the 200 EMA, a crucial support level, Shiba Inu is currently experiencing one of its most critical moments. Due to this action, SHIB has returned to its February 2024 price levels, wiping out months of gains and igniting worries that the asset may drop below $0.00001 and add another zero to its valuation.
The Relative Strength Index (RSI) for the Shiba Inu (SHIB) price action reads a value of 24.94, which means that the bears are now in control of the altcoin's price action.
Shiba Inu's 32% weekend price drop to $0.000014 has attracted substantial whale accumulation, with large transactions surging to 4.3 trillion SHIB, suggesting potential price support despite broader market instability.
Dogecoin experienced a 30% price correction from $0.3250 to $0.20, with technical indicators suggesting potential recovery pending breakthrough of key resistance levels at $0.250 and $0.270.
This DOGE trust is now offering a fresh opportunity for investors to gain exposure to Dogecoin. Grayscale has more than 25 crypto investment products under its belt.
A Dogecoin whale sent shockwaves across the meme coin market on Monday, dumping a staggering 200 million tokens to Binance. Primarily, as the dump occurred amid a broader market crash in light of Trump's new tariffs, market watchers convey severe concerns over future price movements.
SHIB lost its spot in the top 20 crypto club as its market capitalization slipped under $8.5 billion.
While there's no guarantee that anyone will make money when investing in a silly meme coin like Shiba Inu (SHIB -24.14%), there are a few things you can do to maximize your chances of walking away with some cash, and minimize the risk of a total wipeout of your investment.
The crypto market is experiencing a major downturn, and Shiba Inu (SHIB) has not been spared. Over the past 24 hours, SHIB's price has fallen by 20% to $0.000014, marking a 25% drop for the week.
XRP, dogecoin (DOGE) and Cardano's ADA fell more than 25% to reverse all of the gains since December, reaching pre-U.S. election levels from early November.
Dogecoin declined heavily below the $0.280 support against the US Dollar. DOGE is now recovering and might face hurdles near $0.270.
Shiba Inu price has plunged below the $0.000015 mark on Feb 3, for the first time in 5 months, dating back to September 2024. On-chain data suggests whale investors are buying the dip.
Cryptocurrency prices crashed hard on Monday, continuing their recent trend, and leading to substantial liquidations. Bitcoin moved from the year-to-date high of $109,200 in January to below $93,000.
Shiba Inu's ecosystem is seeing major shifts as Shibarium, its Layer 2 solution, gains adoption.
XRP closed below the 26 EMA, a crucial support level in robust uptrends, for the first time this year. This break indicates a possible change in momentum and a rise in bearish pressure.
Elon Musk has confirmed he wants to put the U.S.
Elon Musk's DOGE initiative targets a $4 billion daily spending cut with the ambitious goal of zero inflation by 2026, a move that could reshape the U.S. economy.
The price of Bitcoin nosedived after President Donald Trump's administration signed an executive order imposing new steep tariffs on all imported goods from China, Mexico, and Canada. The top coin by market cap is now down 4.4% on the day and roughly 6.8% over the last week at a current price of $97,754.
Crypto prices are crashing as President Trump suggests "pain" ahead for Americans in his brewing trade war, with Bitcoin under $97,000.
The crypto market is poised for its next great boom, and astute investors are on the lookout to find the next breakout coin that could give them tremendous profits.
The SEC has placed an importance on regulated futures markets for past crypto ETF approvals.
Dogecoin is signaling a major breakout with bullish patterns and potential ETF approval driving excitement.
The cryptocurrency market is seeing a massive sell-off during Sunday's trading session, with numerous digital assets declining.
Dogecoin just dropped below $0.30 as the crypto market tumbles. Is this a fakeout, or will DOGE sink further?
Bears are controlling the initiative on the last day of the week, according to CoinStats.
"I LOVE $TRUMP," the United States President posted about his Solana meme coin. It only fell harder, amid criticism over the promotion.
The end of the week is bearish for most of the coins, according to CoinMarketCap.
Dogecoin (DOGE) has enjoyed extra attention from investors, especially since Donald Trump took office and put Elon Musk in charge of D.O.G.E. — an acronym for Department of Government Efficiency.
According to Whale Alert, there were two tranches of Dogecoin (DOGE) worth 104,125,016 DOGE or $32.6 million each. Both were sent from unknown wallets directly to Coinbase, the major U.S. crypto exchange.
The orders imbalance was skewed toward the buyers in the 10% space, pointing to a bullish short-term reversal.
The crypto market buzzes with bullish activities. Two top assets, Cardano (ADA) and Shiba Inu (SHIB), are set to rally, leaving traders excited. The Cardano price has been resilient despite recent volatility. Meanwhile, Shiba Inu (SHIB) battles bearish pressures, leaving investors optimistic.
DOGE has lost the $0.3 support line.
Dogecoin (DOGE) is facing another round of bearish pressure, aligning with the general cryptocurrency market narrative, with a trading expert warning of more losses for the top meme coin.
Cryptocurrency's ascent following President Donald Trump's victory on election night has been truly remarkable. The price of Bitcoin, the world's largest cryptocurrency, has surged past $100,000 and many altcoins also skyrocketed.
Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a significant increase in its burn rate in the last 24 hours and since the past week.
The asset's value has dropped dramatically over the last few weeks, and Shiba Inu is in a freefall. Concerns about additional declines have been raised as the bearish momentum has accelerated, pushing SHIB further into negative territory.
Technical analysis of the Dogecoin price shows that the meme coin might be gearing up to outperform the market this month. Particularly, technical analysis of the Dogecoin/Bitcoin pair shows that an interesting bullish pattern has just emerged that could send Dogecoin on a journey to creating a huge bullish candle and a strong uptrend throughout the entire month.
The cryptocurrency market is currently struggling, with the majority of the top 10 altcoins seeing major declines. While Bitcoin (BTC) has shown some resilience, many altcoins are in the red, leading to a general feeling of uncertainty among investors. Bitcoin, the market leader, is priced at $99,780, showing a slight 2.
The crypto market this week has concluded on a high note with several developments. Some of them stood out, like the launch of Bitcoin Miners ETF along with other altcoins ETF filings.
Polymarket's odds of a U.S Spot DOGE ETF surged to a record high of 58%.
Dogecoin whales are making moves again, scooping up a whopping 560 million DOGE tokens in just one week, as market conditions become more favorable. This large-scale purchase underscores the renewed interest and growing confidence in Dogecoin's future potential.
The crypto market is experiencing another bearish drawdown, with the price of Bitcoin (BTC), XRP, and Dogecoin (DOGE) in the spotlight. Amid this mild route, the combined crypto market cap has dropped by 2.06% to $3.43 trillion.
Dogecoin price action has stabilized above the $0.32 mark over the past week. A recent DOGE-related announcement from Elon Musk could potentially spark a bullish start to February 2024.
Dogecoin (DOGE), Shiba Inu (SHIB), and XRP have unexpectedly crashed again, experiencing another bout of bearish momentum and starting February in the negative. This significant decline was driven by a major drop in the Bitcoin price following Donald Trump's Tariff plans and the controversy with DeepSeek.
The cryptocurrency market has been showing mixed signals, with several key assets like Shiba Inu (SHIB), Dogecoin (DOGE), and Bitcoin (BTC) experiencing significant price movements and technical shifts. While some are showing signs of stabilization, others are encountering bearish patterns, raising concerns about potential price declines.
The official Dogecoin account on the X platform has cited Elon Musk's recent tweet, where he talked about money and the economy in general. The DOGE team has basically agreed with the world's most influential Dogecoin lover and added a thing about memes.