The price of leading meme coin Shiba Inu has fallen by more than 10% over the past week. On-chain data suggests that this double-digit price decline has made the meme asset undervalued, presenting a buying opportunity for investors looking to trade against the market.
Dog-themed cryptocurrency Shiba Inu (SHIB) has dropped to the psychological $0.00002 level amid an ongoing crypto market sell-off, stoking questions about what might happen next for the cryptocurrency.
Billy Markus, the co-author of the iconic meme cryptocurrency Dogecoin launched in 2013, has published a tweet to share with the community his thoughts on what is happening on the crypto market right now. On social media, Markus is known under the pseudonym Shibetoshi Nakamoto.
As Bitcoin (BTC) hits its lowest level since mid-November, major meme cryptocurrencies are on the list of the worst performers in the last 24 hours. Meanwhile, the liquidation tsunami erased over half a billion in crypto positions.
Shiba Inu (SHIB) is showing signs of a potential price reversal after weeks of decline, with key market indicators pointing toward a possible surge. Despite recent losses, including a sharp 12.31% dip in one week and a 26.72% decline over the month, Shiba Inu is starting to exhibit early signs of recovery.
Dogecoin (CRYPTO: DOGE) opens the week down 6% after dropping 17% over the past seven days, with traders voicing only muted optimism for its future. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.3175 $46.9 billion -6.2% -17.5% Shiba Inu (CRYPTO: SHIB) $0.00002017 $11.9 billion -7.1% -16% Pepe (CRYPTO: PEPE) $0.00001616 $6.8 billion -9.1% -21.9% Trader Notes: Crypto trader Cephii observed Dogecoin's performance relative to Solana (CRYPTO: SOL), calling it the "meme coin vs.
Interest rate fears appeared to impact financial markets Monday morning, with Bitcoin falling to $90K and other coins plunging harder.
Due to its inability to sustain important support levels, Shiba Inu is on the verge of entering a bearish phase. SHIB is currently trading at $0.00002025, below its 200 EMA, which has historically served as a strong support level.
When DOGE rose quickly to $0.74 in 2021, many investors hurried to accumulate it, while those who already held it gained massively. Also, Elon Musk's impact on DOGE has helped Dogecoin expand more over the years. While Dogecoin is still a well-known name, the coin's decline signals a shift in the crypto world.
The month of January is nearly halfway through, and the crypto market has had a subdued start to 2025. With Bitcoin struggling to break past the $95,000 mark, altcoins have faced challenges in recovering or posting significant rallies.
Cryptocurrency prices have brought little to no joy in recent days, and the popular meme coin Shiba Inu (SHIB) is no exception. Losing nearly 20% since its January high of $0.000025 is painful to say the least, but as the price chart and the formations on it for SHIB show, this could be just the beginning of misfortune for the popular meme cryptocurrency.
After much waiting, the Treat Token's listing date is just around the corner, building investor enthusiasm. This token is said to play a significant role in the Shiba Inu's ecosystem and will primarily work towards rewarding the use of their contribution to the same.
Crypto analyst Ali Martinez has provided some insights into why the Bitcoin, Ethereum, and Dogecoin prices are crashing. The crypto market has been on a decline these past few days after starting the year on a high.
De Dogecoin koers handelt rond de $0,32 en lijkt zich te stabiliseren, terwijl de markt in afwachting is van de inauguratie van Trump op 20 januari. Met de geruchtenmolen op volle toeren en een toename in openstaande posities groeit de kans op een koersbeweging.
The cryptocurrency market continues experiencing a bearish action with top tokens losing significant valuation in their respective portfolios. Reportedly, top cryptocurrencies are constantly failing to hold their value above their important support levels, highlighting rising uncertainty in future price action. With the market turning unpredictable, investors are closely watching their portfolios with various doubts.
The crypto market saw massive liquidation during early US hours on Monday plunging the global crypto market cap by more than 2% from $3.34 trillion to a low of $3.21 trillion. Investors lost over $130 billion in wealth with Bitcoin (BTC) and Ethereum price approaching key support levels.
Shiba Inu (SHIB) heeft vandaag te maken met extra weerstand, terwijl er niet genoeg kopers zijn om de druk op te vangen. De bekende meme crypto is vandaag met 4,5% gedaald naar $0,00002060 en dreigt deze middag nog verder te zakken.
Es ist die mit Abstand bekannteste Meme Kryptowährung, die auch die höchste Marktkapitalisierung hat: Dogecoin. Derzeit auf Platz 7 im Ranking der Top Kryptowährungen laut Marktkapitalisierung, befindet sich der Dogecoin, auch wenn es bereits ein paar Korrekturen gegeben hat, seit Jahren im Höhenflug.
Bitcoin's (BTC) price action remained muted over the weekend as it traded sideways and hovered around the $95,000 mark. BTC had dipped to a low of $91,314 on Friday before recovering to climb above $94,000.
Shiba Inu's ($SHIB) developer, Shytoshi Kusama has introduced the ‘WHY Combinator', a decentralized technology stack that helps projects within the meme coin sector answer one simple question.
Volume indicators can help set targets for DOGE's short-term price action.
The crypto markets displayed some stability during the weekend as the buyers are slowly gaining back the momentum. Moreover, it appeared that the ‘smart traders' waited for the selling pressure to intensify, which triggered the panic sellers.
Shiba Inu's lead developer, announced that they have launched a WHY Combinator, a decentralized, robust, and comprehensive technology stack programmed.
Shytoshi Kusama, the mysterious personality associated with the Shiba Inu (CRYPTO: SHIB) ecosystem, explained the utility and significance of the soon-to-be-launched TREAT token. What happened: In a Saturday blog post, Kusama said TREAT stands for “Transactional Rewards for Engagement & Access Token,” placing it at the center of the so-called technology stack, the 36 Chambers of Tech.
A closely followed analyst says that deep-pocketed crypto investors have scooped up over $2.5 billion worth of XRP and Dogecoin (DOGE) in just a couple of days.
Finally, XRP has breached a crucial descending trendline resistance level, suggesting that a major bullish rally may be about to begin. After weeks of consolidation within a narrowing range, traders have a clear indication that momentum may be turning upward with this breakout.
Shiba Inu's lead developer, Shytoshi Kusama, has announced the launch of the WHY Combinator, a decentralized program aimed at fostering growth and innovation within the meme coin ecosystem.
Technical analysis shows Dogecoin's bullish momentum is still on track and the meme coin is yet to reach its peak in the current market cycle. This interesting bullish outlook is revealed through a modified version of the 3-day Gaussian Channel indicator.
Dogecoin has regained some of its value after experiencing a 14% dip over the last two weeks. Trading at $0.337 as of Thursday, Dogecoin (DOGE) has shown slight growth in the past 24 hours but remains down by about 0.65% over the past week.
Shiba Inu's lead developer, Shytoshi Kusama, has praised the success of Shibarium, the layer-2 blockchain network powering the Shiba Inu ecosystem.
The Shiba Inu (CRYPTO: SHIB) community has witnessed a 300% surge in token burns within the last 24 hours. However, the SHIB Army, a group of SHIB enthusiasts, is advocating for even more substantial burns.
Nadat Dogecoin in het laatste kwartaal van het afgelopen jaar enorm opwaarts knalde, is de grootste meme coin het huidige jaar middelmaats begonnen. Desondanks hebben whales in de afgelopen dagen in totaal 470 miljoen DOGE tokens bemachtigd.
Dogecoin price continues to consolidate below $0.35 on January 12, as market sentiment hangs in the balance. Derivatives markets data shows DOGE traders reluctant to close out their positions with Trump's inauguration now 1 week away.
$0.00002117 and $0.00002312 levels were the nearby high leverage liquidation clusters for the memecoin.
On Binance, most traders are betting that Dogecoin (DOGE) will keep rising, as recent analysis shows that 81.05% of all open Dogecoin positions on the platform are long. This suggests that traders are feeling pretty optimistic about the popular meme coin.
Shiba Inu price experienced a 3% pullback on January 12 as buyers remained hesitant. With market demand flat-lining, can SHIB rebound above $0.000025?
Dogecoin is going through a decisive phase. For several days, its price has been fluctuating around $0.33, a key level that attracts the attention of analysts and investors.
On the daily chart, Shiba Inu seems to be forming a head-and-shoulders pattern, which is a bearish reversal indicator that frequently indicates possible downside in the future. There are three peaks in this formation with the middle peak (the head) being higher than the two side peaks (the shoulders) and a neckline serving as a level of support.
Neither buyers nor sellers are dominating at the end of the week, according to CoinStats.
Wondering where SHIB is headed? Find out if its price is likely to rise or fall in the next 30 days!
The recent attempt of Dogecoin to recover lost ground has faced a significant hurdle as the price struggles to break above the crucial 4-hour Simple Moving Average (SMA). This resistance level has proven a formidable barrier, with bearish pressure consistently preventing any meaningful breakout.
Dogecoin's price action in the past 24 hours has been characterized by a consolidation around $0.33. Notably, this perambulation around the $0.33 mark has seen Dogecoin holding above an important trendline that could make or break its trajectory from here.
Dogecoin has faced a challenging period amid the recent market selloff, experiencing a sharp 20% decline from its local highs. Despite this setback, the meme coin leader still maintains a bullish structure, holding above a crucial demand zone.
Surprisingly, Dogecoin whales are on a massive buying spree, as new reports show that these large-scale investors have added a whopping 470 million DOGE into their portfolios. This substantial purchase comes amid Dogecoin's bullish recovery in key metrics, as analysts project a significant push to the upside.
The Chaikin Money Flow is in the negative region suggesting BONK is in a distribution phase.
Meme coins Dogecoin and Shiba Inu have dominated bullish predictions from crypto analysts in recent weeks, with many analysts predicting new all-time highs, especially for Dogecoin. However, according to technical analysis by crypto analyst Bluntz (@Bluntz_Capital), another meme coin is on track for a substantial 115% rally in the next couple of months.
SHIB could experience a significant price rebound as market participants adjust their strategies.
According to a recent tweet published by the popular meme coin wallet tracker Shibburn, over the past 24 hours, the SHIB community has transferred an impressive amount of canine-themed coins to dead-end wallets.