An analyst has explained how Shiba Inu could kickstart a new rally to this price target if it can break through the $0.000025 resistance level. Shiba Inu Is Currently Trying To Break Past The $0.000025 Resistance In a new post on X, analyst Ali Martinez has discussed a pattern that has been forming in the SHIB price recently.

Shiba Inus supply took a significant hit on November 21, as its burn rate rose 2225% with 14.58 million tokens destroyed. Despite a 2% price decline, market sentiment stays bullish amid monthly gains and favorable on-chain trends.

Is Shiba Inu's bull flag formation a sign of market confidence or just a temporary spike?

The triangle pattern formation that Shiba Inu is currently showing on its daily chart may pave the way for noteworthy price action. In the case of SHIB, triangle patterns frequently signal a period of consolidation prior to a clear market move, which may provide the groundwork for a robust upward rally.

The GMMEME index, which tracks key memecoins such as PEPE, SHIB and DOGE, has surged over 90% in November.

Shiba Inu (SHIB) price has experienced a significant surge this November, riding the wave of a bullish cryptocurrency market trend. The meme coin has demonstrated robust upward momentum, signaling strong potential for continued growth heading into 2024.

Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, has laid out a strategic plan focused on driving mainstream adoption and enticing centralized exchange (CEX) support for Shibarium, Shiba Inu's Ethereum Layer-2 solution.

With Bitcoin (BTC) reaching new highs this week, altcoins have also drawn increased attention, notably with price momentum in meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB).

Shiba Inu (SHIB) is forming s a bull flag, signaling a move to $0.000037 if SHIB can break past the $0.000025 resistance, as just reported by Ali Martinez, a prominent crypto analyst who is considered a technical analysis expert.

Some coins keep setting new local peaks, while others have come back to the red zone, according to CoinStats.

Analyst predicts a major breakout for Shiba Inu, with a potential 60% price increase if the cryptocurrency can break through the $0.000025 resistance level.

The coin powering The Open Network, Toncoin ($TON), could soon overtake both its direct competitor, Avalanche ($AVAX), and the second biggest meme coin by market cap, Shiba Inu ($SHIB), according to the latest figures. Toncoin has barely moved at all in the last 24 hours, and still trades for around $5.42.

Check out the latest alert issued by Shibarium Trustwatch.

Shiba Inu (CRYPTO: SHIB) is gaining bullish momentum as traders eye a potential breakout off the back of Bitcoin hitting a new all-time high. What Happened: Shiba Inu's burn rate has increased by 209%, with 11.6 million SHIB removed from the ecosystem in the past 24 hours, according to Shibburn data.

In the midst of the ongoing crypto rally, Shiba Inu (SHIB) has been a noted success. The meme coin is currently the 11th largest cryptocurrency by market cap, although it often breaks into the top 10 on account of price action.

SHIB has declined by 2% daily amid an overall decline of the entire meme coin niche.

SHIB's burn rate increased by 2200% with 14.58 million tokens destroyed, reducing total supply to 589.26 trillion while maintaining a 30% monthly price gain despite a small daily decline to $0.00002386.

The latest SHIB burn rate data has once again sparked noteworthy bullishness surrounding the renowned dog-themed meme token, Shiba Inu. The token's burn rate witnessed a whopping 2200% uptick on Thursday, amid reports of a potential rally in the asset's price ahead.

Cryptocurrency conglomerate Digital Currency Group (DCG) is making a big splash in the realm of decentralized artificial intelligence (AI), with a keen focus on the Bittensor (CRYPTO: TAO) ecosystem. What happened: Barry Silbert, the head of DCG and an early champion of cryptocurrencies, will lead the new venture called Yuma, aimed at supporting businesses that want to build and deploy AI models on Bittensor, according to a Wednesday press release.

Shiba Inu recorded an eye-catching 14.84 trillion in transaction volumes over the past 24 hours. As whales scale back their activity, SHIBs struggle at key support levels could signal either a breakout or a deeper correction.

The Shiba Inu team has issued an urgent scam alert following a surge of fake accounts and tokens exploiting Shibarium users. Community members are reminded to prioritize safety, verify all information, and avoid engaging with suspicious groups or individuals.

The cryptocurrency market is experiencing renewed excitement as Bitcoin (BTC) has surpassed a significant price level of $92,000, strengthening its position in the ongoing bullish cycle. This surge marks Bitcoin's breakout above a long-established descending channel, accompanied by high trading volumes, suggesting strong participation from both institutional and retail investors.

Digital Currency Group (DCG) has unveiled Yuma, a new subsidiary dedicated to accelerating startups building decentralized intelligence projects using Bittensor's infrastructure. According to the firm's statement, the move is a strategic foray into converging crypto and artificial intelligence (AI), two sectors poised for exponential growth.

Shiba Inu (SHIB), the second-largest crypto meme coin is on the radar of whales and institutions amid ongoing price consolidation, signaling a bullish trend. According to the on-chain analytics firm IntoTheBlock, SHIB's large transaction volume has surged by 98% in the past 24 hours, indicating significant participation from whales and institutions.

Digital Currency Group, the parent company of Grayscale and Foundry, has launched a new decentralized intelligence subsidiary named Yuma. According to a press release on Nov.

Crypto venture capital firm Digital Currency Group (DCG) is looking to promote the development of Bittensor (TAO), a decentralized Artificial Intelligence (AI) protocol. The firm aims to achieve this goal through Yuma Group.

By 2024, the cryptocurrency market has seen the rise of a fully developed meme coin sector. Known for their high volatility, these assets offer the potential for massive returns — but they come with equally high risks.

A detailed analysis by blockchain analytics platform Bubblemaps has uncovered the activity of an early Shiba Inu whale whose investment has grown significantly but continues to HODL.

DCG's Barry Silbert launches Yuma, a decentralized AI venture, to develop projects for Bittensor's innovative AI network. The post DCG's Barry Silbert unveils decentralized AI venture to fund Bittensor projects appeared first on Crypto Briefing.

Barry Silbert will be the CEO of Yuma, a new DCG company focused on incubating and building new businesses within Bittensor's decentralized AI ecosystem.

Bitcoin (BTC) hit a new all-time high of $94,041 after BlackRock, the world's largest asset manager, officially launched the iShares Bitcoin Trust ETF (IBIT) for options trading. However, it declined after reaching this level and is currently trading at $92,114, up almost 1% over the past 24 hours.

TAO was trading at $488.4, a zone that has previously triggered price reversals. Will the same happen this time around?

Popular meme-inspired cryptocurrency Shiba Inu (SHIB) continues to dominate the news headlines, this time due to the wild imbalance of liquidations that emerged over the past 24 hours. Thus, according to data from CoinGlass, over the past 24 hours, the volume of liquidations with Shiba Inu token futures amounted to $2.65 million.

Shiba Inu (SHIB) has recently caught the attention of the crypto community, with its marketing lead, Lucie, expressing confidence in the token's current position and predicting a potential price surge to $0.00006861. Despite some recent price fluctuations, Lucie reassured the community that Shiba Inu is “doing just fine,” and the team is optimistic about its future performance.

Shiba Inu (SHIB) price has experienced a remarkable 65% surge in the past week, attracting significant attention from both retail and institutional investors. However, following this rally, SHIB has seen a sharp pullback, bringing it to a critical support level at $0.00002411.

Shiba Inu price moved into a bear market, falling by over 20% from its highest level this week as the recent crypto bull run faded. Shiba Inu (SHIB), the second-biggest meme coin in crypto, was trading at $0.

Shiba Inu (SHIB) price, a popular meme-based cryptocurrency, has surged by an impressive 27% over the past week. This rally reflects growing investor optimism, fueled by encouraging market trends and robust signals of further gains.

After a two-week uptrend, Shiba Inu has hit a roadblock, dropping 7.77% to $0.0000237 in the past 24 hours.

Popular meme-inspired cryptocurrency Shiba Inu (SHIB) has seen a truly anomalous rise in one of the key on-chain metrics in the past 24 hours. Thus, according to IntoTheBlock, the cryptocurrency's net flow into the wallets of those who hold at least 0.1% of the circulating supply of Shiba Inu rose 1.559% in 24 hours, going from 44.45 billion SHIB to 693 billion SHIB.

Shiba Inu (CRYPTO: SHIB) has cooled off 6% on Friday after its recent rally, but growing optimism stems from rising burn rates and favorable technical analysis. What Happened: Shiba Inu's burn rate soared 114.5% in the past 24 hours after burning 16.2 million tokens in a single transaction, according to Shibburn.

Shiba Inu (SHIB), the popular dog-themed memecoin has seen its rally hitting a roadblock after gaining 80% in November before correcting by over 20%. Now, SHIB is stuck in a consolidation phase, leaving many to wonder what comes next.

This week, we examine Ripple, Cardano, Dogecoin, Shiba Inu, and Sui in greater detail. Ripple (XRP) XRP is quickly approaching $1 and has impressed with a 47% price increase in the past seven days.

Blockchain tracking platform Whale Alert, which monitors large cryptocurrency transfers and then shares the details with the crypto community on the X platform, has spotted a tremendous amount of the second largest meme cryptocurrency Shiba Inu.

Shiba Inu may be in a difficult market position because its recent rally seems to have stalled. Since SHIB's price fell more than 20% after hitting new highs, it may find it difficult to sustain its upward trajectory.

Shiba Inu (SHIB) has recently seen growth, with its price reaching $0.00003, grabbing renewed interest from the crypto community. However, after a period of upward movement, SHIB faced significant selling pressure, leading to a temporary price drop.

Shiba Inu (SHIB) price has been in a bullish rally over the last 24 hours, reaching an intraday high of $0.00002668 before encountering resistance. However, with the Federal Reserve signaling a steady stance on interest rates, some investors are now questioning whether SHIB's rally can sustain its momentum or if a pullback is on the

Shrub (CRYPTO: SHRUB), the new pet of Elon Musk‘s family, is trading more than 3,300% higher in seven days as whales keep accumulating the meme coin following a Musk tweet. What Happened: In a tweet on X on Nov.3, Musk responded to a user asking about his hedgehog pet with the words "her name is Shrub, the hedgehog.

Crypto analyst MadWhale has predicted that the Shiba Inu price could suffer a significant crash soon enough. Based on the analysis, this price correction is simply a healthy retracement that could pave the way for SHIB to reach new highs.