Shiba Inu (SHIB) has been stuck in a tight price range for weeks, leaving traders wondering: will it break out or sink further in 2025?
The dynamic realm of crypto assets has concluded yet another week, primarily with investors being on their toes amid broader market uncertainty. Bitcoin (BTC) and leading cryptocurrencies have consolidated over the past week, sparking speculations despite pro-cryptocurrency Donald Trump's inauguration.
Shiba Inu coin price has crashed and is about to form a high-risk pattern that may fuel further downside in the next few weeks. The SHIB token peaked at $0.00003340 in December and has plunged by about 40% to the current $0.00002.
Shiba Inu (SHIB) is facing a continued struggle to reclaim upward momentum as bearish sentiment keeps its price tethered below the critical $0.00002045 resistance level. Despite occasional positive price action, the prevailing market conditions and negative sentiment around meme coins have made it challenging for SHIB to break free and push higher.
Shiba Inu price, a popular meme-based altcoin, remains steady despite recent market fluctuations. Large holders have accumulated 30 trillion SHIB, signaling confidence.
Dogecoin's price has witnessed sharp downward volatility, driven by a sell-the-news strategy despite several positive events. The Department of Government Efficiency website featured a Dogecoin logo. Meanwhile, asset management firm Bitwise filed a spot Dogecoin ETF application with the U.S. SEC. However, this cluster of bullish news appears to have prompted profit-taking among Dogecoin holders.
Shiba Inu has been on a downward trend, facing increasing pressure as it approaches a significant support level at $0.000019. This level, last seen in October 2024, represents a critical point that could either stabilize the asset or lead to further declines.
As Bitcoin and Ethereum soar, CATZILLA gains traction, outpacing DOGE and SHIB in investor interest and growth potential. #partnercontent
Shiba Inu (SHIB) and Ethereum (ETH) have been recovering on their price charts. However, market analysts like InvestingHaven and Ted have made bullish price predictions for these top altcoins. Meanwhile, DTX Exchange (DTX) is pulling through as a new star in the crypto space.
Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are spiking on Friday, fueled by a significant spike in Shiba Inu's burn rate and speculation about a DOGE-focused ETF. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.3628 $53.6 billion +4.5% -11.7% Shiba Inu (CRYPTO: SHIB) $0.00002045 $12.04 billion +3.5% -15.6% Pepe (CRYPTO: PEPE) $0.00001587 $6.7 billion +8.2% -19.3% Trader Notes: Crypto analyst Investing Haven highlights Shiba Inu's promising trajectory despite short-term resistance.
Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a surge in its burn rate, climbing 1,014% in the last 24 hours. This increase has led to the destruction of millions of SHIB tokens, fueling renewed optimism within the community.
Due to its inability to sustain the previous price momentum, Shiba Inu may soon test its critical support level at $0.000019, according to the current price action. This level is critical to the future price trajectory of SHIB because it matches its October 2024 lows.
The cryptocurrency market has seen a flurry of activity recently, but some key digital assets face challenges that could shape their futures in the coming weeks. XRP, Shiba Inu, and Ethereum are currently at critical points, with each facing distinct hurdles.
Shiba Inu's burn rate surged by 1041%, removing over 6.7 million tokens from circulation while the ecosystem expanded with ShibOS development, all as the price consolidated around $0.00002028.
The renowned dog-themed meme coin Shiba Inu burn rate has again witnessed a remarkable surge on Friday, up roughly 1000%. Recent data provided by the token's burn tracker indicated that over 6 million coins were permanently removed from the asset's market supply.
On-chain data has unveiled an impressive surge in the Shiba Inu burn rate, skyrocketing by more than 600% in just one day. This sharp rise in token burns indicates a growing interest in decreasing the overall supply of SHIB.
The crypto world has its most popular cryptocurrencies, Shiba Inu (SHIB) and Solana (SOL) gained the attention of investors in 2021. It demonstrated how innovation and passion of the community can make companies skyrocket. It demonstrated how innovation and passion of the community can make companies skyrocket.
Shiba Inu price fell below the critical $0.00002 mark this week, mirroring broader crypto market corrections. The meme coin saw increased volatility while Bitcoin hovered near $101,000.
So here we are again, with Shiba Inu (SHIB) hanging by a thread, ready to either dive into the abyss or maybe, just maybe, spring back up. The price of this meme coin has been teetering, and it looks like we are about to see if it finds that second bottom.
The Shiba Inu community has recently secured a monumental feat with the introduction of their new operating system, ShibOS. This operating system boasts itself as the gateway to a fully decentralized future, offering businesses, governments, and individuals a way to transition on-chain (Web2 to Web3) seamlessly.
The ongoing consolidation on the market pushed forward a new frontline in the Shiba Inu (SHIB) ecosystem amid the search for balance. The burn rate skyrocketed by 612% overnight, becoming the only metric in the ecosystem with an uptick.
The crypto market witnessed a selloff as bullish sentiment regarding Donald Trump's inauguration faded. The global market cap tumbled over 3% to $3.52 trillion, with trading volume tanking 25% over the last 24 hours.
Shiba Inu fell below the crucial $0.00002 mark, which might be the worst moment for the asset this year. The meme token appears to be losing appeal as volatility slows down, which makes it less appealing to speculative investors.
Given that the asset is on the verge of marking a lower high, XRP's recent bullish rally is about to face a crucial turning point. This possible development may indicate that the current bull run is coming to an end, which will worry investors who have seen a notable upswing in the last few months.
Shiba Inu's lead developer, Shytoshi Kusama, has sparked discussions across the crypto space after responding to a critic on Twitter who claimed the token must hit $0.50 to regain their attention.
SHIB could soar by 20% to reach the $0.000025 level in the future.
Shiba Inu price tumbled towards $0.0000021 on Wednesday Jan 22, reflecting 15% losses on the weekly timeframe. On-chain data shows the recent market dip has coincided with a considerable decline in whale demand for SHIB, as newly-launched memes linked to Donald Trump drew investor attention.
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The short-term Shiba Inu (SHIB) burn rate has accelerated as the meme cryptocurrency faces increased price volatility.
Most of the cryptocurrencies have returned to the green zone; however, there are some exceptions to the rule, according to CoinStats.
Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are trending downwards as market participants closely monitor whale activity, burn rates and technical signals for the next big move. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.3669 $54.2 billion -6.7% +4.4% Shiba Inu (CRYPTO: SHIB) $0.00002061 $12.1 billion -2.5% -2.2% Pepe (CRYPTO: PEPE) $0.00001594 $6.7 billion +1.5% -6.2% Trader Notes: Crypto analyst Ali Martinez remains optimistic about Dogecoin's potential for further upside.
The Shiba Inu community celebrated a 600% surge in its burn rate, fueling optimism for price appreciation.
The inauguration of President Donald Trump has had an impact on the crypto market, revived investors' interest, and boosted the crypto community. Ripple (XRP) is now close to reaching the $4 goal after crossing $3. Meanwhile, Shiba Inu (SHIB) has been on a downtrend, forcing investors to look for other opportunities.
Data shared by the popular crypto tracking service Shibburn reveals that during the past 24 hours, the Shiba Inu community has disposed of a large number of meme coins, pushing the burn rate up four digits.
In what comes as a bullish market event, the Shiba Inu burn rate skyrocketed 600% on Wednesday, sparking immense optimism among traders amid a broader sector recovery. Recent burn data indicated that over 3 million tokens were taken out of the meme coin's circulating supply.
The cryptocurrency market has been showing signs of revival, but not without some challenges. Shiba Inu (SHIB) has been facing strong resistance as it struggles to hold onto key support levels.
Shiba Inu (SHIB), the popular and second-largest crypto meme coin, is poised for a price surge as it has formed a bullish price action pattern on its four-hour time frame.
Check out why SHIB bulls may have a reason to celebrate soon.
Shiba Inu is attracting attention as experts anticipate significant market shifts after a phase of accumulation. Meanwhile, a lesser-known cryptocurrency is stirring excitement with its potential for massive returns, projected to achieve a staggering 15,000% increase.
Shiba Inu price sat at a crucial support level on Tuesday as a sense of calmness remained following Donald Trump's inauguration. Can SHIB escape this state of calmness and trigger a massive rally that could push it to 100x from the current level?
While the last few days on the cryptocurrency market have been more of a roller coaster ride than a financial one, there is still something stable to look at.
Shiba Inu (SHIB) has been under selling pressure in the last 24 hours, as has the cryptocurrency market. A bearish technical pattern known as a "death cross" has recently emerged on Shiba Inu's hourly charts, signaling potential further declines amid the ongoing market sell-off.
The crypto ecosystem is giving up its accrued gains, with Shiba Inu (SHIB) also dragged into the mix. At writing time, SHIB bears are apparently in takeover mode, pushing the token down toward its crucial support level.
While the rest of the cryptocurrency market is rising, Shiba Inu has taken an unexpectedly bearish turn, underperforming and breaking below important support levels. This divergence casts doubt on the asset's future prospects and investor mood.
Mark Cuban recognizes the community-driven success of SHIB, while its developer underscores the token's commitment to long-term value creation.
In an unprecedented turn of events, Shiba Inu lead developer Shytoshi Kusama has reacted as Billionaire entrepreneur and investor Mark Cuban lauded SHIB publicly. On Tuesday, the lead developer drew attention to the dog-themed meme coin on X, sharing Mark's post highlighting why it is among one of the most prominent players across the meme
Cryptocurrency prices and the crypto fear and greed index dropped after Donald Trump ignored the industry in his first day as the US president. Bitcoin, which reached a record high of $109,200 on Monday and then pulled back below $102,000.