Shiba Inus burn rate skyrocketed by 3,600% in 24 hours, erasing 35.6 million tokens. As SHIB battles critical resistance levels, bullish sentiment builds for a potential price rally.

Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) are gaining momentum as Bitcoin reaches a new all-time high above $107,000. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.4118 $60.6 billion +1.9% -5.5% Shiba Inu (CRYPTO: SHIB) $0.00002784 $16.4 billion +0.4% -6.5% Trader Notes: Benzinga's technical analysis shows that SHIB's Relative Strength Index (RSI) stands at 42.85.

Year-to-date (YTD), Shiba Inu (SHIB) price has rallied by 150%, amassing billions in volume as fresh capital flowed into the cryptocurrency at some point. However, between December 10 and the time of this writing, the Shiba Inu coin volume has decreased by $2.80 billion.

SHIB's burn rate has skyrocketed in the last 24 hours, with millions of coins burnt. This presents a bullish outlook for the Shiba Inu price, which has maintained a tepid price movement for a while despite other top meme coins witnessing significant rallies.

The crucial 13 trillion SHIB support level is drawing near for Shiba Inu, which could dictate its course in the near future. This level acts as a crucial obstacle for sellers and a possible lifeline for bulls looking to spark a rally.

The cryptocurrency market has been anything but stable in recent weeks, with several major tokens grappling with resistance levels, shifting trends, and uncertain investor sentiment. XRP, Shiba Inu (SHIB), and Solana (SOL) are facing critical points in their price movements.

Data shared by the Shibburn tracking platform regarding the recent SHIB movements has revealed that a substantial amount of meme coins has been forever lost to the market during the last 24 hours.

Shiba Inu sees a 41% spike in large transactions, amid price consolidation at $0.00002759. Whale activity signals renewed market interest.

The meme coin market is gaining momentum again as SHIB and DOGE indicate a potential bull run. Meanwhile, Rexas Finance (RXS) is also generating news for its aggressive growth targets and quick presale development. Here is what to expect from these coins. Rexas Finance at $0.

Technical analysis suggests Shiba Inu (SHIB) could experience a 189% price increase to $0.0000702, supported by ecosystem development and token burning mechanisms, while currently trading at $0.00002755 after an 11.20% weekly correction.

Shiba Inu price has had a great run recently after Bitcoin price blasted through a record high of $105,000. While the market occasionally retests the high, the overall crypto market boom has lifted the price of SHIB past various technical resistance regions.

Whale activity in Shiba Inu has surged, with 2.79 trillion SHIB worth $76.48 million traded in a 24-hour period. This 41.39% spike suggests large holders may be reentering the market, potentially gearing up for key price movements amid broader crypto market fluctuations.

Hovering within a descending triangle pattern on the chart, XRP is clearly struggling. Although XRP experienced a huge spike earlier, it is currently struggling to recover and surpass significant resistance levels.

The price of Shiba Inu (CRYPTO: SHIB), the second-largest meme coin, is predicted to see a significant uptick, says renowned cryptocurrency analyst Zach Humphries. What Happened: Humphries foresees a five- to six-fold price surge for SHIB, given the current market dynamics.

Shiba Inu (SHIB) price has fallen above the 21-day moving average line as buyers fail to sustain bullish momentum above the $0.00003300 high.

Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a comeback in whale activity, with large transaction volumes surging 41.39% in the last 24 hours, according to data from IntoTheBlock.

The correction continues on the market at the end of the week, according to CoinStats.

Shiba Inu's breakout and impressive burn rate surge fuel optimism for a major rally.

The Shiba Inu (SHIB) cryptocurrency has recently made waves by breaking through a significant resistance level, sparking excitement among investors. This milestone has led some to question whether SHIB is now a better investment opportunity than its rival, Dogecoin (DOGE).

Shiba Inus burn rate has fallen sharply by over 100%, sparking fears of an imminent SHIB price crash. On-chain data highlights increased exchange deposits and declining trader activity, pointing to mounting selling pressure.

The burn rate of the meme cryptocurrency, Shiba Inu (CRYPTO: SHIB), has surged by a whopping 515.33%. This data comes from the widely used transaction tracker Shibburn.

The Shiba Inu price is flashing bullish signals that could pave the way for an impressive 130% rally to new levels. A crypto analyst has highlighted a pattern of higher highs, solidifying his optimistic price projection of an imminent price surge for SHIB.

Shiba Inu witnessed retracement after a recent bullish rally to the $0.000034 target. Shiba Inu coin burn rate and addresses have dropped in a week, hinting at a decline in sentiment for further upside.

Over the past 24 hours, dog-themed cryptocurrency Shiba Inu (SHIB) has seen a significant drop in its large transaction volume, a metric denoting whale activity, sparking questions about what might be driving this slowdown.

Dog-themed Shiba Inu (SHIB) has shown interesting metrics in the past 24 hours and over the week. As noted by Shibburn, an online transaction tracker monitoring the amount of SHIB sent to dead wallets, Shiba Inu's burn rate might trigger a price uptick.

Shiba Inu price continued to consolidate this weekend even as some cryptocurrency analysts remained optimistic.

One of the SHIB social media admins, known on the X social media platform as @DavinciShib, has addressed the vast global community of the second largest meme cryptocurrency Shiba Inu, warning them against possible scams on the decentralized Shibarium network.

Experts point to a new AI coin selling for $0.07 amid its presale as potentially primed to outrun top altcoins like Shiba Inu (SHIB) and TRON (TRX). Backed by a utility-packed protocol that capitalizes on blockchain and artificial intelligence technology, this AI coin is set to revolutionize the investment landscape and reward early adopters handsomely.

Shiba Inu price, a popular meme-based coin, surged within the past 24 hours, reflecting broader market bullish trends. The cryptocurrency market has gained momentum over the last month, attracting significant attention from investors.

Popular transaction tracker Shibburn, which monitors SHIB transfers to dead-end wallets, has shared that since last morning, the SHIB army has been actively shoveling meme coins into the virtual furnace of zero wallets.

Shiba Inu (SHIB) has formed a rare 3-year cup-and-handle pattern, hinting at a possible bullish breakout ahead.

As its price action tries to bounce back from recent losses, Solana finds itself in a vulnerable position. A declining trendline on the chart indicates persistent selling pressure, and buyers are frantically attempting to protect the 26 EMA, a crucial support level.

Shiba Inus price is on edge, with Bollinger Bands pointing to a possible 17% crash or a surprising breakout. As the weekend approaches, SHIBs next move could define its short-term trajectory amid heightened market tension.

Bitcoin is facing selling above $100,000, but the repeated retest of a resistance level increases the likelihood of a breakout.

Shiba Inu (SHIB), the second-largest meme coin by market cap, may soon awaken, according to popular cryptocurrency analyst Zach Humphries.

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.