Amid the confusing market sentiment, Shiba Inu (SHIB), the popular meme coin is poised for a notable price decline as it has formed a bearish price action pattern on its daily chart. This negative sentiment extends across the cryptocurrency landscape including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

Known meme coin Shiba Inu (SHIB) is hogging the headlines; massive accumulators are increasing efforts due to a volatile market. The latest data shows inflow from large holders has increased by 555% within the last 90 days, which means major stakeholders are taking positions to capitalize on an expected increase in value.

Bulls aim to knock out Bitcoin's all-time high before the US elections wrap up. Will altcoins follow?

Every development can influence investor sentiment, and the recent surge in Shiba Inu (SHIB) token burns has caught the attention of many. In just one week, over 300 million SHIB tokens have been removed from circulation, representing a staggering increase of over 1,000% compared to previous periods.

The Shibarium blockchain, from the team behind the popular meme-inspired cryptocurrency Shiba Inu (SHIB), is seeing unprecedented levels of activity over the past nine months, with all metrics spiking by literally hundreds and thousands of percent over the past few days.

Shiba Inu coin on Friday ignited a torrent of optimism across the broader crypto market by securing a landmark achievement. The meme coin's marketing lead, LUCIE, recently spotlighted a remarkable growth spurt for the layer 2 blockchain, Shibarium.

At Shiba Inu, things are progressing in the code, but the meme crypto continues to lag behind in the market.

Shiba Inu's (CRYPTO: SHIB) monthly gains of 18% is likely to witness a pump as burn rates and technical indicators point to the same. What Happened: Shiba Inu (CRYPTO: SHIB) saw its burn rate jump by 65,529.7% since burning 2.7 million SHIB in the past 24 hours, according to Shibburn data.

Shiba Inu (SHIB) price has shown resilience, navigating market volatility as the broader crypto landscape fluctuates. Over the past month, the SHIB price recorded a 17% increase, fueled by positive market indicators.

Shiba Inu's price correction continues, but the trend might not last as a bull pattern has appeared.

Despite a remarkable transaction volume of over three trillion SHIB in the last week, Shiba Inu does not appear to have received the boost it needs to return to its previous level of strength. According to on-chain data, there has been a weekly high of 209 large transactions, although the number has been fluctuating.

When Shibarium launched, it sparked major optimism among Shiba Inu ecosystem members and the broader Ethereum layer-2 ecosystem. However, since its launch, the network has recorded different growth traction amid varying adoption milestones.

According to the data provided by the Shibburn transaction tracker which monitors SHIB burn transfers, in the past day, the SHIB army has managed to push the burn rate of their favorite meme cryptocurrency to an impressive new high.

Shibarium has been making the headlines lately, with daily transactions back in the millions.

There is a much anticipation around SHIB's price action right now.

Major digital assets like Shiba Inu have shifted into bearish territory lately following a downswing in the general crypto market within the week. However, with several positive trends cited around its price, the dog-themed meme coin could be poised for a potential rebound in the coming days.

In a surprising twist, Shiba Inus burn rate dropped to zero over the past 24 hours. Following a major burn spike earlier in the week, the sudden halt has left the community speculating about the cause.

The Shiba Inu price chart is displaying a new key technical pattern which suggests that a price rally might be imminent. According to crypto analyst, Javon Marks, this technical pattern called a “Hidden Bull Divergence” indicates a potential 330% climb to new price highs.

The cryptocurrency market is seeing mixed signals as Ethereum (ETH) struggles to maintain its upward momentum, while Dogecoin (DOGE) and Shiba Inu (SHIB) experience notable price fluctuations. After a recent spike, the market is now calming down, leaving investors to wonder what lies ahead.

Cat-themed cryptocurrencies Popcat (CRYPTO: POPCAT) and cat in a dogs world (CRYPTO: MEW) have emerged as top gainers in the overall crypto market. What Happened: According to Coingecko, cat coins are nearing a $5 billion market cap, with a 7.7% gain in the last 24 hours.

As investors grapple with the cryptocurrency market's next moves amid recent turbulence driven by geopolitical and economic concerns, attention is shifting away from established top-cap coins like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA) toward the burgeoning appeal of meme coins.

Check out why XRP, SHIB, and other leading cryptocurrencies could head north soon.

The WoofSwap team, operating the decentralized exchange (DEX) on the Shibarium network, has unveiled a novel Shiba Inu token-burning mechanism through the introduction of a new token named FEED. TThe announcement was made via X, where WoofSwap detailed the intended impact of FEED.

Fiery competition between the blue-chip meme coins sends the meme section up 21%, defying broader market momentum.

The popular meme-inspired Shiba Inu (SHIB) cryptocurrency continues to make headlines, this time with a staggering more than fivefold increase in a key on-chain metric.

According to the market intelligence platform IntoTheBlock, Bitcoin (BTC), Dogecoin (DOGE), Shiba Inu (SHIB), and Ethereum (ETH) have emerged as the coins with the longest holding period. This is significant because it indicates that crypto investors have the most faith in these coins.

Per IntoTheBlock data, Dogecoin and Shiba Inu are among the longest HODLed coins in the market.

Shiba Inu (SHIB) has many battles to fight to keep up its promising outlook. Shiba Inu whales have stepped up in the ongoing fight against sell-offs from some HODLers.

Concern is being raised by Shiba Inu after a crucial on-chain metric provides an unexpected glimpse into the condition of its holders. Data shows that only 2% of SHIB holders are classified as short-term investors, which indicates that very little of SHIB's supply is being purchased and sold quickly.

According to data from Arkham Intelligence, an unknown whale took practically 12.7 billion Shiba Inu (SHIB) tokens from the largest crypto exchange in the United States, Coinbase, late yesterday. This amount of the popular meme-inspired cryptocurrency is equivalent to just over one-fifth of a million dollars and represents nothing out of the ordinary.

The second biggest meme coin, Shiba Inu, has been depending on the SHIB burn mechanism in hopes of increasing its scarcity and providing more stability in the price. Even since the introduction of token burning, Trillion of tokens have been reduced from the total supply, but there is no significant difference in the SHIB price

The price of Shiba Inu (SHIB) has fallen further above the moving average lines. The bulls and bears are trying to hold above the 21-day moving average as the cryptocurrency continues to lose ground.

The cryptocurrency market is currently grappling with bearish trends, and Shiba Inu (SHIB) is no exception. Recently, SHIB saw a 3% drop in value over 24 hours, trading at $0.0000185.

The value of Shiba Inu, the second-largest meme coin behind Dogecoin, has been fluctuating a lot recently, much like many other coins in the crypto market.

According to the Shibburn meme wallet tracker, over the past 24 hours, the SHIB community has not advanced in burning their favorite meme coin. The data source shows zero Shiba Inu coins scorched with a minus 100% reading of this metric.

At the time of writing, Shiba Inu (SHIB) has experienced significant volatility in its burn rate, with data from Shibburn revealing a dramatic -100.00% decline over the last 24 hours, indicating no SHIB tokens were burned during this period.

Shiba Inus burn rate skyrocketed by 6,750% within a single day, eliminating 27.1 million SHIB tokens, despite a 7.31% decline in price this week. The surge in burns comes alongside heightened transaction activity, indicating strong community support for the tokens supply reduction.

Shiba Inus Shibarium blockchain hit an unprecedented all-time high, with activity spiking by 1,557% in just 24 hours. This surge pushed daily transactions to an astonishing 1.76 million, marking a significant milestone for the network.

Santiments latest analysis ranks Bitcoin, Shiba Inu, and Chainlink among the top cryptos with soaring market sentiment. As analysts predict Bitcoin could hit $230K, these coins are set to be major players in the next rally.

The recent SHIB burns have surged significantly, with over 300 million tokens burned in just a week. Despite this, price has continued its downtrend.

Shiba Inu is currently hovering close to a crucial trendline support level putting, it on the verge of a major breakdown. Any decline below this trendline could be problematic for the price of SHIB, as it has been crucial to sustaining the asset's growth trajectory.

Shiba Inu (SHIB) price, a meme-based cryptocurrency, is experiencing a market correction. In recent days, a notable decrease in the SHIB's value has been observed, indicating a bearish trend.

Bitcoin's correction ignited selling in altcoins, which are slipping below critical support levels.

Pseudonymous crypto trader Hoeem outlined a three-wave trading strategy to navigate the volatile meme coin markets. What Happened: Hoeem took to X to outline his approach that categorizes trading into three distinct waves.

Shiba Inu (SHIB) is in the news again, this time with a huge spike worth 1,557% observed on Shibarium. According to data from Shibariumscan, the layer-2 blockchain designed by and for the popular meme-inspired cryptocurrency, saw a spike worth that much in the last 24 hours.

Goatseus Maximus (CRYPTO: GOAT), an AI-created meme coin, has been gaining significant momentum, with a 160% week-over-week gain and a listing on centralized exchange ByBit. What Happened: ByBit on Wednesday stated that it had listed a GOAT perpetual contract for trading with up to 12.5x leverage.

Shiba Inu (CRYPTO: SHIB) is gaining attention from traders after a dramatic rise in its burn rate and daily transactions. What Happened: According to Shibburn data, Shiba Inu's burn rate skyrocketed by 6,750.7%, led by a 27.1 million coin burn 15 hours ago.